We can't predict when the next one will come, but those who fall in its wake will face a tough road to recovery. That is because recessions are increasingly structural events. They occur less often but involve more economic disruption.
Income inequality is killing the economy. Retailers, bankers and Democrats agree on that. Really. It's only Republicans who continue to insist that income inequality is great.
Officially, the recession ended five years ago. But there's something the financial newscasters don't tell you: Unless you're rich, those numbers don't apply to you.
Kleinbard describes himself as a "Dutch uncle" which the dictionary tells me is someone who admonishes sternly and bluntly... tells us the hard truths whether we want to hear them or not.
The goal of the lawsuit -- to provide even more for AIG's bailed-out shareholders -- seems absurd. But at least this lawsuit, which has already seen testimony from two former Treasury secretaries, is finally giving the American people some hard lessons in the workings of the bailout process and the shortcomings of our current economic system.
It has been nearly two months since the shooting of unarmed teenager Michael Brown and the beginning of the uprising that the murder triggered. Most social critics have observed that the uprising was not simply about racism and police brutality.
It is a moral disgrace that child poverty in the U.S. is higher than adult poverty, higher than for children in almost all other competitor nations, and higher than our country with the world's largest economy should ever allow.
While some households and neighborhoods have recovered from the recession, most black and Latino households and neighborhoods are still waiting to recover.
Climate change can bring out the best in us and help reinvigorate our economy. That's usually not the headline of a story about climate change, but it's a headline we can write if we want to.
Democrats can't seem to get their message straight about the economy. Is it soaring because of the visionary leadership of President Obama, or failing because of the intransigence of Congressional Republicans?
Recessions are notoriously difficult to predict. Like timing the stock market or predicting next year's weather, the ability to time the next recession is generally held to exceed the limits of human -- or machine -- intelligence.
While many American households now face a bright and promising economic future, it is now clear that the recession and post-recession recovery has a different look and feel depending on whether you are wealthy, middle-class, or poor.
Fundamentally, most policy makers have failed to realize that those who are impacted by laws, respond to the laws accordingly.
This year's rate of food insecurity remains virtually unchanged from last year, with 14.3 percent of American households unable to consistently provide enough food for an active, healthy lifestyle for all of its members.
How can success be disaster, even in health care? As the Michael W. Smith song says, "Let me show you the way."
The latest reports from Europe indicate that the continent is slipping back into recession. The U.S. is doing only slightly better, with positive economic growth but scant progress on the jobs front, and no growth in the earnings of the vast majority of Americans. Meanwhile, global climate change continues to worsen, producing unprecedented policy conundrums of how to reconcile the very survival of the planet with improved living standards for the world's impoverished billions and for most Americans, whose real incomes have declined since the year 2000. Amid all of these serious challenges, what common strategies are top U.S. and European leaders pursuing? Why, a new trade and investment deal modeled on NAFTA, to make it harder for governments to regulate capitalism.