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Great Recession

Of Course Poverty Is on the Rise in Charles Dickens' America

David A. Love | Posted 05.25.2011 | Politics
David A. Love

Despite national rhetoric regarding opportunity, it is harder to make it in America than anywhere else in the industrialized world. Ultimately, the American dream is exactly that -- a dream.

Harleys to Hanoi: How Foreign Consumers Can Rev Up U.S. Growth

Ed Gerwin | Posted 05.25.2011 | Business
Ed Gerwin

The United States virtually invented the modern middle class. Today, our exporters must reach out to the global middle class, and our government must assure that foreign trade barriers don't stand in the way.

Great Recession Over? Maybe Not for Unmarried Women

Page Gardner | Posted 05.25.2011 | Politics
Page Gardner

According to the latest report from Women's Voices, Women Vote and the Center for American Progress, half of all American women are unmarried and the economy has them on the ropes.

The Terrible Tale of the TARP Two Years Later

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The notion that we would be sitting in a 21st century economy and reduced to barter payments was an invention of the bank lobby to get the taxpayers' money.

Recession Roundup: Poverty Rate Jumps, Infrastructure Crumbles

Huffington Post | Marcus Baram | Posted 05.25.2011 | Impact

With unemployment remaining high and consumer spending lagging, the economy continues to sputter. To chart the state of the country and the continuing...

Goldman Sachs: Bullies on the Block

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The American money cartel is as dangerous as the Mexican drug cartel. Wall Street is winning the class war, and taxpayers supplied its weapons of choice: PR spin, lobbying, the money train to Congress, and constant bullying.

The Answer Is Blowin' in the Wind

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

The myriad of views on direction of our flip-flop economy -- which will have a major voice in determining the outcome of the fall elections -- are enough to drive anyone nuts.

Baby Boom Has Gone Bust

Tom Silva | Posted 11.17.2011 | Healthy Living
Tom Silva

One unexpected side effect of economic hard times is a sharp decline in birth rates. In Illinois, for example, the birth rate has fallen to its lowes...

How Democrats Can Harness the Public Anger (and Madness) for November

Carla Seaquist | Posted 05.25.2011 | Politics
Carla Seaquist

It's always a mistake to let a ranter rant. Without pushback, the anger takes flight. The question now is: With the public now inflamed in anger, th...

Why The Difference Between 'Recession' & 'Depression' Is Key To Recovery

The New Republic | John B. Judis | Posted 05.25.2011 | Politics

There are, indeed, obvious differences between the current downturn and the Great Depression. The unemployment rate, for one thing, was much higher in...

There's No Difference Between Democrats and Republicans

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

Now is the time to bury conservatism for another 75 years. It is not a time to complain about how much the Democrats are under the thumb of corporations.

What a Second Stimulus Should -- and Shouldn't -- Look Like

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Sure, it's great that the president is talking about spending $50 billion on infrastructure. But when $50 billion is put up against double that amount in corporate tax cuts, it seems the administration's priorities are all screwed up.

Why the Big Lie About the Job Crisis?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

It's time to say "the end" to the "We're all to blame" fairytale. Let's start a new story this Labor Day. It's called, "Put our people back to work."

Joyride: Bicycling Our Way to Safe and Splendid Communities

Diane Dulken | Posted 05.25.2011 | Green
Diane Dulken

2010-09-02-diane.jpg Let's make our communities healthy places with freedom to move in a landscape that is not polluted and congested but alive with activity and beauty.

The Adventures of Unemployed Man

Erich Origen and Gan Golan | Posted 05.25.2011 | Home
Erich Origen and Gan Golan

Americans invented superheroes in the Great Depression; their stories are uniquely American symbols of our hopes and dreams.

Examining the Defense of Family Values and Unequal Pay for Women

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

If we value families, then why is the economic burden of raising them always pressed upon women at the cost of fair pay and career opportunities? Whatever happened to the concept of shared sacrifice?

When the Rich Get Risky: Inequality and Financial Crises

Ray Brescia | Posted 05.25.2011 | Politics
Ray Brescia

One of the most striking--and perhaps most underreported--aspects of the financial crisis is reflected in one economic indicator. The chart below tra...

Aspen's Richest Residents Migrating Away From Area

Aspen Daily News | Andrew Travers | Posted 05.25.2011 | Denver

The Great Recession appears to have sparked an outbound migration of wealth from the Aspen area and is shifting income demographics of the resort area...

Low Wages and the Metropolitan Middle Class

John Petro | Posted 05.25.2011 | New York
John Petro

The Welfare to Work reforms of the 1990's may have shrunk the public assistance rolls, but has not necessarily improved financial stability for low-income households.

When Wall Street Rules, We Get Wall Street Rules

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If the financial crisis was preventable, why didn't our leaders try to stop it? Why don't they take the steps necessary now to get the economy moving again? The answer to both these questions is simple; the politicians work for someone else.

Suicides Among the Unemployed: A National Humiliation

Harold Pollack | Posted 05.25.2011 | Business
Harold Pollack

We've been hearing, in connection with the Ground Zero Mosque, that the atrocities of 9/11 were a national humiliation. I don't see it that way. What's humiliating is that we've failed to mount an effective response to human pain during an economic crisis.

The Economic Crisis: Is There a Silver Lining?

Curtis Valentine | Posted 05.25.2011 | Politics
Curtis Valentine

If America can sustain the community institutions that have been built during this crisis, America will in fact stronger for it.

Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Shahien Nasiripour

Fannie Mae: Home Prices To Decline Into Next Year | Shahien Nasiripour | Posted 05.25.2011 | Business

Home prices will decline into next year, Fannie Mae said Thursday, reversing earlier projections that the housing market would stabilize this year. ...

Shahien Nasiripour

Geithner: America Is Less Equal Today Partly Due To Bush Tax Cuts | Shahien Nasiripour | Posted 05.25.2011 | Business

The country is less equal today than it was just a decade ago thanks in part to the Bush tax cuts, Treasury Secretary Timothy Geithner said Wednesday....