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National Bureau of Economic Research

Top Economic Forecaster: This To Shall Pass For The U.S.

Bloomberg | Timothy R. Homan | Posted 05.25.2011 | Business

In 1980, the U.S. economy was in the middle of a severe downturn, and jobs weren't easy to find. So Lou Crandall, after earning a bachelor's degree wi...

Daylight Saving. Who's Benefitting?

Howard Steven Friedman | Posted 05.25.2011 | Technology
Howard Steven Friedman

Many of us find the resetting of the clocks annoying but naturally wonder if there's any science behind daylight saving time -- does it actually conserve energy?

Will the Real Economy Please Stand Up?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

There's a thick fog of uncertainty out there, and nobody has the faintest idea when it will evaporate. Are we caught in an environment of 'up in the air economics'? And who are we supposed to believe?

Unemployment Could Rise To 10.1 Percent In 2011, Economists Say

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Even as the economy continues to grow, unemployment could rise over the next year to as high as 10.1 percent, according to a new paper by the San Fran...

WATCH Warren Buffett: It's 'Common Sense,' 'We're Still In A Recession'

Posted 05.25.2011 | Business

The Oracle of Omaha told CNBC this morning that it's just plan "common sense" -- "we're still in a recession." If you've been following Warren Buff...

Recession Is Over! (If You Want It)

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

The National Bureau of Economic Research tells us the Great Recession is "over." The only thing this announcement reveals is how out of touch those who view human society through the lens of quantitative measurements can be.

The Recession's Over. The Emergency Isn't

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Is it true that we're no longer in an economic crisis? Yes. Does that mean we're no longer in a crisis, or that steps to fix the economy aren't as urgently needed as they were before? Absolutely not.

The Recession Is Over, Says Economic Panel

Posted 05.25.2011 | Business

(AP, JEANNINE AVERSA): It's official: The longest recession the country has endured since World War II ended in June 2009, according to a group that d...

NATO Forces in Afghanistan Can't Deny They Killed Civilians in Sangin Anymore

Derrick Crowe | Posted 05.25.2011 | World
Derrick Crowe

Exclusive, on-the-ground interviews obtained by Brave New Foundation's Rethink Afghanistan project confirm what NATO forces repeatedly denied: U.S. an...

Recession Over? Not So Fast, Says The Agency Charged With Tracking Downturns

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Forget Dow 11k, the recession may not be over -- at least, not technically. The National Bureau of Economic Research, the non-profit organization ...

Criticisms of an Improved Poverty Measure Go from Spin to Soap

Michael Laracy | Posted 05.25.2011 | Politics
Michael Laracy

My colleague Jodie Levin-Epstein, deputy director at the Center for Law and Social Policy, penned the following piece. -- Mike You don't need to be a...

Posting Calories: Profits For Restaurants Could Result, Study

Posted 05.25.2011 | Business

They say that information is power. But giving more information to customers about calories, it turns out, can also mean more revenue for food retaile...

Top 1 Percent Of Americans Reaped Two-Thirds Of Recent Income Gains

Center on Budget and Policy Priorities | Avi Feller and Chad Stone | Posted 05.25.2011 | Business

Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger s...

Union Workers Hit Harder By High State Taxes

WSJ | Martin Vaughan | Posted 05.25.2011 | Business

Union employees bear more of the burden of high state corporate taxes than non-union employees, according to a new study distributed by the National B...

Recession: Twice As Bad As We Thought, According To Government Revisions

Posted 05.25.2011 | Business

It's sort of a good news / bad news scenario. Today, U.S. GDP numbers revealed that the economy shrank only 1 percent last quarter, a much better ...

In 1989, Larry Summers Predicted Current Financial Crisis

New York Times | Robert J. Shiller | Posted 05.25.2011 | Business

IN 1934, the journalist Johannes Steel wrote a remarkably prescient book, "The Second World War," which described the social psychology that laid the ...

Q&A with Housing Bubble Forecaster Dean Baker

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Baker: "For most economists, the idea that a market would take leave from its senses -- that it would be driven by speculation -- is almost inconceivable."

Weekly Audit: It's a Recession, Stupid (and what that means) Economy NewsLadder

The Media Consortium | Posted 05.25.2011 | Business
The Media Consortium

We are clearly out of options that match up with Friedman's monetarism, indicating that public policy has nowhere left to turn except direct government spending on economic support.

It's Official: A Recession (Really?)

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

Teams of experts comb through every wince and spasm, coast to coast. You may think you're hurting--you may be convinced--but until you hear it from the folks here, it's only speculation.

It's Official! The Recession is Here!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The National Bureau of Economic Research of Cambridge has declared that we are in a recession. But more impressively, the research shows that we have, in fact, been in this recession since last December.