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Economic Downturn

Home Ownership Rate Drops To Lowest Level In Nearly 20 Years

Reuters | Posted 04.30.2013 | Business

WASHINGTON, April 30 (Reuters) - The share of privately owned U.S. homes in the first quarter dipped to its lowest since 1995, government data showe...

It's Time to 'Flip the Debt'

Camille Rivera | Posted 02.05.2013 | New York
Camille Rivera

Reports that the economy shrunk in the last three months of 2012 -- largely due to so-called austerity measures -- is not only bad news for the country: It could be terrible news for the tens of thousands of New Yorkers who depend on the social safety net just to make ends meet.

After the Election: The Hidden Flaw Holding Back Full Recovery

Ho-Hyung Lee | Posted 01.30.2013 | Business
Ho-Hyung Lee

The solution starts with acknowledging domestic manufacturing needs to be the backbone of any sustainable recovery. Experts will say the U.S. doesn't "do" manufacturing anymore. Our economy is all about service, finance, software, and entertainment.

Finding Business Opportunities in a Global Downturn

Karin Kamp | Posted 01.27.2013 | Small Business
Karin Kamp

Problems can be opportunities -- if you look for them that is. For small business owners, there's been plenty of soul searching as a result of the great recession.

Cutting Back To 'Go Visit Grandma'

AP | JASON KEYSER | Posted 01.21.2013 | Business

CHICAGO — Millions of Americans piled their families into cars, hopped on buses and waited out delays at airports Wednesday as they set off on T...

Forward for Children

Marian Wright Edelman | Posted 01.09.2013 | Home
Marian Wright Edelman

To move forward, America's security and prosperity depend on our children's ability to drive the economy of the future. Leaders must craft budget solutions that will protect the already porous safety nets on which so many children and families rely.

What Most Workers Really Think About Their Jobs

Posted 08.29.2012 | Business

We can’t get no satisfaction. Nearly 60 percent of American workers say they would choose a different career, according to a new survey from Yah...

Hong Kong -- Low Taxes, High Rewards

Bill Marriott | Posted 10.02.2012 | Business
Bill Marriott

We opened our very first hotel in Asia in Hong Kong in 1989. This was really a big jump for us all the way across the Pacific Ocean. Many asked me wh...

A Economic Downturn May Be One Way To Get Healthier

Posted 07.23.2012 | Business

An economic downturn may be better for your health than you realize. The 2008 financial crisis in Iceland improved the health of the country’s p...

Report: In 2009, Americans Paid Taxes At The Lowest Rate In 30 Years

Posted 07.11.2012 | Business

In 2009, Americans handed over the smallest percentage of their income to the government in 30 years. A major reason? Rich people paid less in taxes. ...

The Recession Gave One Industry A Boost

Reuters | Posted 09.04.2012 | Business

By Patricia Reaney NEW YORK, July 5 (Reuters) - Tough economic times are boosting sales of beauty products and designer jeans as women...

Yesterday: The Lowest Interest Rates in History

Alan Grayson | Posted 06.02.2012 | Politics
Alan Grayson

Yesterday, the 10-year Treasury note hit its lowest interest rate in history. For the third day in a row. Why is this happening? Will the trend continue? What does it mean for the middle class?

Warren Buffett's Son Fights Rural Hunger

AP | JOHN FLESHER | Posted 04.19.2012 | Business

TRAVERSE CITY, Mich. -- Farmer and philanthropist Howard G. Buffett, son of billionaire investor Warren Buffett, wants to enlist fellow food producers...

Recession Pushes Many Americans To Cut Back On Vital Service

Posted 02.26.2012 | Business

The recession pushed many Americans to cut back on a vital service, one that could have cost some their lives. Americans between the ages of 50 to ...

Big Banks Find Ways Around New Metal Warehouse Rules

Reuters | Posted 04.07.2012 | Business

* Goldman, Glencore plan to hike warehouse rents by 10 percent * Rent rises coincide with LME rules for higher minimum load-out rates...

Fed Paid U.S. The Second-Highest Amount In U.S. History Last Year

AP | MARTIN CRUTSINGER | Posted 03.11.2012 | Business

WASHINGTON — The Federal Reserve paid the federal government $76.9 billion in 2011, the second highest amount in history. The central bank earne...

The Latest Sign That The Wealthy May Be Cutting Back

AP | MAE ANDERSON | Posted 03.11.2012 | Business

NEW YORK — Jewelry retailer Tiffany & Co. said Tuesday that its sales growth weakened in the U.S. as shoppers pulled back on buying pricey baubl...

Where Young Adults Are Most Often Finding Jobs In The Down Economy

The Huffington Post | Jillian Berman | Posted 01.09.2012 | Business

Looking for young adults in the workplace? Look no further than hotels, bars, restaurants and their own startups. Of all sectors, the travel and h...

Company Retaliation Against Whistleblowers Rises To All-Time High, Survey Finds

The Huffington Post | Jillian Berman | Posted 01.06.2012 | Business

Even though more workers are witnessing violations of company rules, they're feeling pressure not to say anything. Nearly half of workers witnesse...

Ending Long-Term Jobless Benefits Would Hurt Economy

AP | CHRISTOPHER S. RUGABER | Posted 01.22.2012 | Business

WASHINGTON — A tax cut that reaches 160 million Americans and government aid for the long-term unemployed will expire at the end of the year &nd...

This Year's Grinch May Be The U.S. Economy

Posted 11.17.2011 | Business

There may be one silver lining to the economic cloud hanging over the United States this holiday season: The odds of having to put in an appearanc...

Big Bank To Slash Thousands Of Jobs

Posted 11.16.2011 | Business

Citigroup Inc may cut "slightly more" than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter sai...

How Financial Values Have Changed For Post50s

Posted 01.10.2012 | Fifty

As middle-aged New Yorkers tell CNN, their financial values have changed since the economic downturn. "I've kind of given up thinking about money ...

How Financial Values Have Changed For Post50s

Posted 01.10.2012 | Fifty

As middle-aged New Yorkers tell CNN, their financial values have changed since the economic downturn. "I've kind of given up thinking about money ...

Mideast Braces Itself for a Multi-Year Transition

Masood Ahmed | Posted 12.27.2011 | Business
Masood Ahmed

2011 has not been an easy year for many countries in the Middle East and North Africa. The combination of domestic unrest and external uncertainty has resulted in a marked downturn in economic activity, and this is expected to pick up only gradually.