Economic Recovery

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The Real News About Jobs and Wages -- An Ode to Labor Day

Robert Reich | Posted 10.21.2009 | Business

Read More: Job Numbers, Unemployment, Robert Reich, Unemployment Rate, Economic Crisis, Economic Recovery, Business News

I keep hearing that the economic meltdown has taken a huge toll on the stock portfolios of the rich. That's true. But the rich haven't lost nearly as much of their assets, proportionately, as everyone else.

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Shaping the Legacy of the Recovery Act: A View from the States

David Adkins | Posted 10.21.2009 | Politics

Read More: Economic Stimulus Package, David Adkins, Indiana, Economy, Mitch Daniels, Council of State Governments, Georgia, Economic Recovery, Joe Biden, Politics News

While the New Deal was about federal agencies, the Recovery Act is about federal partnership, with states leading the charge in providing essential services to the vulnerable while jump-starting economic growth.

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On Labor Day, Goodwill Sees Reason for Hope, Time to Build Skills

Jim Gibbons | Posted 10.20.2009 | Business

Read More: Workforce, Labor Day, Work, Economic Crisis, Recession Fears, Jobs, Community, Economic Recovery, Goodwill, Health Care, Recession, Business News

Many local Goodwills around the country are placing people in employment opportunities in diverse industries such as technology, healthcare, food services, banking, computer programming and manufacturing.

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Tony Soprano To The Rescue As Gov't Faces Mob Threat

Danny Schechter | Posted 10.19.2009 | Business

Read More: Sam-Antar, Tony Soprano, Economic Recovery, Barack Obama, Economic Crisis, Business News

Inside a transcript based On top secret National Security Agency surveillance tapes, Tony Soprano discusses the stimulus.

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The Recovery Act in Action

Jared Bernstein | Posted 10.16.2009 | Business

Read More: American Recovery and Reinvestment Act, Stimulus Package, Jared Bernstein, Economic Recovery, Stimulus, Business News

The Recovery Act is working, and if you're only noticing that things are still bad without noticing that they're getting better, you're looking at the wrong benchmarks.

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The "Fits and Starts" Recovery

Hale "Bonddad" Stewart | Posted 10.16.2009 | Business

Read More: Economy, Economic Recovery, Gdp, Economic Growth, Financial Bailout, Recession, Business News

At the beginning of the year GDP was dropping and we were bleeding jobs at 600,000/month. Given that, we're not going to rebound to a 3% growth rate in a few months; it's just not going to happen.

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What Will an Economic Recovery Build Upon?

Garrett Johnson | Posted 09.27.2009 | Business

Read More: Foreclosures, Price Increases, Housing Numbers, Foreign Trade, Fiscal Health, Green Shoots, Economic Recovery, Consumer Spending, Recession, Reinflating the Housing Bubble, Housing Bubble, Fundamentals of the Economy, Business News

The economy: Has it bottomed? Are we recovering? Will we see a "V" shaped bounce? Or a "U"? Or a "W"? Let's examine exactly what is going to lead this economy out of our deep recession.

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The Myth of the Black Swan

Hale "Bonddad" Stewart | Posted 09.27.2009 | Business

Read More: Recovery, Economy, Black Swan Event, Economic Rules, Economic Recovery, Black Swan, Economic Theory, Recession, Business News

This is the third time that I have been through an economic event where there were groups of people who said the old methods of analysis didn't apply. As I will demonstrate, nothing could be farther from the truth.

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30% Unemployment, Pre-Recession: Immigrant Communities Need Real Recovery

Seth Freed Wessler | Posted 09.25.2009 | Politics

Read More: American Recovery and Reinvestment Act, Chinatown, ARRA 2009, Unemployment, Unemployment Rate, Income Inequality, People of Color, Structural Racism, Community Organizer, Racism, Economic Recovery, Immigrants, Racial Disparities, Inequity, Safety Net, Recession, Politics News

For communities of color, 'recovery' can be a vapid term. People of color consistently face rates of unemployment higher than what whites experience in the worst recessions.

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What the Hell Is a Jobless "Recovery?"

Daniel Denvir | Posted 09.25.2009 | Politics

Read More: Ben Bernanke, Recovery, Economic Recovery, Unemployment, Gdp, Jobless Recovery, Town Hall Meetings, Barack Obama, Politics News

The government, media and establishment economists are measuring recovery by the GDP and stock prices, the same measures used to qualify our previous bubbles as reflecting real economic well-being.

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Too Soon to Call a Housing Bottom

Alan Schram | Posted 09.23.2009 | Business

Read More: Business News, Mortgages, Housing Crisis, Housing Bubble, Economic Recovery, Economy, Recession, Business News

Consensus seems to be that the housing market bottomed. But I have my doubts.

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Recovery in Sight? Not for Schools

Tom Vander Ark | Posted 09.22.2009 | Politics

Read More: Health Care Reform, Economic Recovery, Illinois School Funding, Recession, School Funding, Politics News

With staggering unemployment in low income and minority communities, trouble expanding access to health care, and school funding likely to be lousy for years to come, it's a tough time to be an urban kid in America.

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Ben Bernanke Says U.S. Economy On Cusp Of Recovery

AP | JEANNINE AVERSA | Posted 09.21.2009 | Business

Read More: Jackson Hole, Finance, Banks, Bernanke, Recession, Federal Reserve, Obama, Stimulus, Fdic, Economic Stimulus Package, Wyoming, Economic Recovery, Ben Bernanke, Economy, Financial Crisis, Business News

JACKSON, Wyo. — Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying th...

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Weak Job Market Could Dampen Economic Recovery

AP | By CHRISTOPHER S. RUGABER | Posted 09.21.2009 | Business

Read More: Leading Indicators, Job Market, Jobs, Economic Recovery, Jobless Rate, Unemployment Rate, Recession, Business News

...

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Searching for the Crisis and Finding It

Danny Schechter | Posted 09.20.2009 | Business

Read More: Hunger, Unemployment, Banks, Denial, Consumer Spending, Who Needs Credit Cards, Economic Crisis, Economic Recovery, Recession Not Over, Recession, Business News

Out in the street, you notice fewer cabs and town cars. There are retail vacancies on every block. Stores are discounting everything. When JC Penny opened in Midtown, 15,000 people applied for 500 jobs.

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More Signs of an Economic Bottom Emerge

Hale "Bonddad" Stewart | Posted 09.20.2009 | Business

Read More: Economy, Jobs, Economic Recovery, Gdp, Unemployment, Economic Recession, Recession, Business News

We're not talking about one country; we're seeing data emerge from a variety of countries on a variety of continents that growth is returning. We have strong reason to believe the worst is over.

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Transportation Secretary: 'Cash For Clunkers' Won't Run Much Longer

AP | KEN THOMAS and DAN STRUMPF | Posted 09.19.2009 | Business

Read More: Economic Recovery, Cash for Clunkers Program, Old Cars, Cash for Clunkers, Cars, Ray Lahood, Economic Stimulus, Transportation-Secretary, Recession, Business News

WASHINGTON — Transportation Secretary Ray LaHood assured car dealers Wednesday that they will be reimbursed for sales made under the Cash for Cl...

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Citigroup's Asset Guarantees to Be Audited by TARP

bloomberg.com | Posted 09.19.2009 | Business

Read More: Vikram Pandit, Economic Recovery, Tarp-Auditor, Economic Collapse, Citigroup CEO Vikram Pandit, Tarp Funds, Tarp, Recession, Citigroup, Federal Asset Gaurantees, Business News

Citigroup Inc.'s $301 billion of federal asset guarantees, extended by the U.S. last year to help save the bank from collapse, will be audited to calc...

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Nouriel Roubini: A Phantom Economic Recovery?

Business Standard | Nouriel Roubini | Posted 09.19.2009 | Business

Read More: Finance, Nouriel Roubini, Global Economy, Economic Crisis, Debt, Recession, Economic Recovery, Economy, Business News

Data from the US -- rising unemployment, falling household consumption, still declining industrial production, and a weak housing market -- suggest th...

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Retailers Try 1-Cent Sales In Hopes Of Luring Customers

latimes.com | Sandra M. Jones | Posted 09.18.2009 | Business

Read More: 1-Cent Sales, Economic Crisis, Economic Recovery, Retail, Business, Pennies, Retail Crisis, Recession, Penny Sales, Back to School, Back to School Sales, Business News

Dump out the coffee cans, car ashtrays and the bottom of your purse. The lowly penny, which almost was taken out of circulation three years ago, is ma...

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Economic Recovery: Wall Street and Main Street Diverge Again

Jill Schlesinger | Posted 09.18.2009 | Business

Read More: Main Street, Consumer Confidence, Economic Recovery, Wall Street, Business News

Why is Wall Street sure that things are honky-dory, while Main Street is plagued by anxiety? Because Main Street has started to accept the reality of the past 20 years and change its behavior.

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What A Jobless Recovery Today Means For Tomorrow?

Leo Hindery, Jr. | Posted 09.17.2009 | Politics

Read More: Economic Recovery, Unemployment, President Obama, Economic Stimulus Package, Middle Class, Jobs, Economic Stimulus, Barack Obama, Politics News

How can we carry out important national missions such as health care reform and energy reform when nearly 30 million workers are effectively unemployed?

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Banking: Transfer Toxic Assets to a New RTC

Jerry Chautin | Posted 09.17.2009 | Business

Read More: Fdic, Politicians, S&L Crisis, Rtc, President Obama, Banking Crisis, Economic Recovery, Resolution Trust Corporation, Toxic Assets Plan, Financial Institutions, Business News

These banks are not able to resume normal lending operations because they are not willing to dispose of their toxic assets at the current market values.

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The Rise and Fall of Artificial Wealth

Michael D. Intriligator and R. Kyle Martin | Posted 09.17.2009 | Business

Read More: Economic Stimulus Package, Wealth, Economy, Economic Crisis, Financial Crisis, Artificial Wealth, Recovery, Economic Recovery, Recession, Business News

Christina Romer, Chair of the White House Council of Economic Advisors, said she is "incredibly confident" the U.S. economy will recover within a year. We disagree.

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