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Economic Recovery

Wealthiest Americans Benefit The Most From Economic Recovery As Inequality Grows

The Huffington Post | Caroline Fairchild | Posted 04.23.2013 | Business

The first years of the U.S. economy's recovery from the Great Recession yielded strong gains in total wealth for the richest Americans, while every ot...

Conservatives Favored Deficits Before Keynes

Paul A. London | Posted 06.22.2013 | Politics
Paul A. London

What the Chicago conservatives in 1932 said the government should do was spend aggressively on useful public works and infrastructure. There were then and are now plenty of liberal ideas that deserve harsh criticism.

Why This Is the Worst Recovery on Record

Robert Reich | Posted 06.15.2013 | Business
Robert Reich

We're now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn't have enough purchasing power to keep the economy going.

Myth-Busting Startups

Mike McGeary | Posted 06.02.2013 | Small Business
Mike McGeary

We need to advocate for policies that encourage rather than detract from the formation of startups and their continued ability to thrive and hire more Americans. Our jobs depend on it. Our entire economy depends on it.

Looking Backwards

Robert Kuttner | Posted 05.31.2013 | Politics
Robert Kuttner

The road to political and economic ruin for the Democrats began in the late spring of 2013, when President Obama agreed to a budget grand bargain that cut deficits by 2.8 trillion dollars over ten years, deflated a fragile recovery, and left no room for more than token domestic spending on jobs or infrastructure. The cuts were somewhat "back-loaded" -- bigger later in the decade. But in 2014 they took $200 billion out of the budget. According to CBO, that cut the growth rate by a full percentage point. As part of the deal, more Medicare costs were shifted to patients, and the cost-of-living adjustment for Social Security was cut. Both changes, proposed in Obama's own budget, reduced purchasing power by over $100 billion among the elderly -- who surprised experts by backing Republicans by a margin of 59-41, according to exit polls. The 2013 budget deal, according to Roger Hickey of Campaign for America's Future, "left the Democrats with bragging rights as deficit hawks, but not on the real economy."

Shocking Number Of Suburban Residents Are Living In Poverty

CNBC | Allison Linn | Posted 03.26.2013 | Business

CNBC: Like many Americans who move to the suburbs, Tara Simons came to West Hartford, Conn., because she wanted her daughter to grow up in a nice, s...

Fed Official: U.S. Must Address Its Low-Wage Problem

Reuters | Posted 05.22.2013 | Business

WASHINGTON, March 22 (Reuters) - Too much of the recent growth in U.S. employment has been concentrated in low-wage and temporary jobs, leaving the ...

12 People Left Behind During America's Recovery

The Huffington Post | Bonnie Kavoussi | Posted 03.20.2013 | Business

While many of the richest Americans are raking in money, some people are actually worse off now than when the recession officially ended in June of 20...

Yes, the Ryan Budget Is Contractionary

Chad Stone | Posted 05.14.2013 | Politics
Chad Stone

If enacted, House Budget Committee Chairman Paul Ryan's budget would slow the economic recovery.  Chairman Ryan selectively uses Congressional Budget...

Economy's Rise Sparks Political Battles Over Who Gets Credit

AP | JIM KUHNHENN | Posted 03.09.2013 | Business

WASHINGTON -- Increased hiring, lower unemployment, stock market on the rise. Who gets the credit? It's a hotly debated point in Washington, where po...

Where The Jobs Are

Reuters | Posted 05.08.2013 | Business

By Tim Gaynor and Ernest Scheyder SCOTTSDALE, Ariz./WILLISTON, N.D., March 8 (Reuters) - C harles Cork is gearing up to do something h...

White House: It's Getting Better

AP | Posted 03.08.2013 | Politics

WASHINGTON -- The White House says the falling unemployment rate is evidence that the economic recovery is "gaining traction." The jobless rate dropp...

Eleazar David Melendez

Behind Stock Market Record, Companies Profit From Income Inequality | Eleazar David Melendez | Posted 03.06.2013 | Business

Behind the headlines of record stock market highs this week is a more complex story of the inequality that characterizes the American economy. Comp...

Why There's a Bull Market for Stocks and a Bear Market for Workers

Robert Reich | Posted 05.05.2013 | Business
Robert Reich

Today the Dow Jones Industrial Average rose above 14,270 -- completely erasing its 54 percent loss between 2007 and 2009. Yet the real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high.

Bernanke Warns Of 'Short-Circuiting The Recovery'

Reuters | Posted 05.02.2013 | Business

March 1 (Reuters) - Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would...

350 Economists Warn Sequester Cuts Could Kill Recovery

Roger Hickey | Posted 04.28.2013 | Politics
Roger Hickey

How many economists does it take -- to make the Congress and the president and the media pay attention? Paul Krugman has been warning of the dangers of austerity for a long time. But the media treats him as an outlier.

Ben Bernanke Urges Congress To Avoid Sharp Spending Cuts

Reuters | Posted 04.28.2013 | Business

By Pedro da Costa and Alister Bull WASHINGTON, Feb 26 (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. cen...

Want to Be Hip? Get Involved in Solving the Youth Unemployment Problem

Bill Reese | Posted 02.19.2013 | Impact
Bill Reese

I can't remember the last time someone used the word "cool" to describe me or what I do. Obviously it doesn't happen very often. But just the other d...

Egypt and Iran: An Elusive Axis

Richard Javad Heydarian | Posted 04.21.2013 | World
Richard Javad Heydarian

After three decades of frosty relations, President Mahmoud Ahmadinejad made a historic visit to Cairo on February 5, 2012, making him the only post-revolutionary Iranian leader to set foot in the Arab heartland.

Eleazar David Melendez

Financial Crisis Cost Is Staggering, Government Report Finds | Eleazar David Melendez | Posted 02.14.2013 | Business

The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said. The f...

Positive Sign For The Economy?

Reuters | Posted 04.09.2013 | Business

WASHINGTON, Feb 7 (Reuters) - U.S. consumer borrowing rose in December, a hopeful sign for the strength of the economy although debt taken on throug...

Eric Cantor's Ancient Endeavor

Paul A. London | Posted 04.09.2013 | Politics
Paul A. London

Steering the Republican Party away from its accustomed negativism is an ancient endeavor. Henry Simons, a founder of the ardently free enterprise Chicago School, tried unsuccessfully to do so in the 1930s.

Business Taking Flight: What Is Current Air Traffic Telling Us About the Economy?

Peter Hall | Posted 04.07.2013 | Business
Peter Hall

I spend a lot of time in airports each year, and I'm always interested in how busy they are. After all, a busy airport and full planes should mean the economy is going well, right?

A Super Bowl Lesson for Congress?

Mohamed A. El-Erian | Posted 04.05.2013 | Politics
Mohamed A. El-Erian

Given its incredible innovation and entrepreneurship, the U.S. economy could eventually overcome another sudden power outage caused by Congress. But rather than create unnecessary damage and tensions, wouldn't it be better form Congress to pivot from disruptor to enabler?

The American Economy: What Obama Needs to Tell the People

Sanjay Sanghoee | Posted 04.03.2013 | Business
Sanjay Sanghoee

Once again, it is up to President Obama to take the lead and make the American public aware of all this. Our nation is in a hopeful but tricky place right now and which way we go will depend as much on our confidence in ourselves as in any statistics.