Great Recession

Economists Predict Job Losses Will Stop In Early 2010

AP | EMILY FREDRIX | Posted 11.23.2009 | Business


Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers ...

Early Data Suggest More Suicides In 2008; Rise Is Similar To Past Recessions

Wall Street Journal | SARA MURRAY and BETSY MCKAY | Posted 11.22.2009 | Living


Early signs suggest the number of suicides in the U.S. crept up during the worst recession in decades, according to a Wall Street Journal survey of st...

Speaking of Trends

Liz Neumark | Posted 11.16.2009 | New York


Liz Neumark

Year Two of The Great Recession is already 2 months old. As a high profile off-premises caterer and leaseholder of the Plaza Hotel's Grand Ballroom, ...

Selling Starts, Recession Ends!

Grant Cardone | Posted 11.06.2009 | Business


Grant Cardone

The so-called Great Recession, the longest and deepest since the Great Depression, may be over but you won't feel relief unless you and your company are able to sell your products and services.

Latino Families' Fight for Banking Reform

Janet Murguía | Posted 11.04.2009 | Politics


Janet Murguía

One of the most devastating consequences of today's economic turmoil is the large-scale loss of nearly a generation of wealth among Latino homeowners.

Lies, Statistics and Economic Statistics

Michael Brenner | Posted 10.31.2009 | Business


Michael Brenner

Here is a quick everyman's guide to economic statistics. Making sense of the figures demands a large measure of skepticism and an eye for misrepresentation and forgery.

What Really Scares Me This Halloween

Adam Hanft | Posted 10.31.2009 | Living


Adam Hanft

The fact that 80% of the recent jobs lost were held by men; people who have volunteered for Bloomberg's third term bid; getting Facebook invitations from people who campaigned for Eugene McCarthy.

Ending the Great Recession: It's Going to Take More Than Just Stimulus

David Adkins | Posted 10.30.2009 | Business


David Adkins

As we debate what government's response should be to combating a still-growing unemployment rate we might want to take a page from our international competitors.

Halloween Pet Pimp Costumes: Not a Good Gauge of the Economy's Strength

Esther J. Cepeda | Posted 10.29.2009 | Chicago


Esther J. Cepeda

I fear the fallout of this year's Great Recession has been forgotten and is now as dusty a memory as that of Black Tuesday, which occurred 80 years ago -- October 29, 1929.

Bank Closings Hit 101 For Year; Most Since 1992

AP | DANIEL WAGNER | Posted 10.24.2009 | Business


WASHINGTON — The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking syst...

Wiping Blood Off White Buck Shoes

Leo W. Gerard | Posted 10.23.2009 | Business


Leo W. Gerard

In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.

Higher Jobless Rates Could Become The "New Normal"

AP | TOM RAUM | Posted 10.19.2009 | Business


WASHINGTON — Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could ling...

Mort Zuckerman: "Massive" Intervention Needed To Create New Jobs

ft.com | Mort Zuckerman | Posted 10.19.2009 | Business


Today there is no evidence of job creation. Quite the opposite: unemployment is rising and millions of jobs have disappeared. In place of thrift we ha...

Savoring the End of the World As We Know It!

Esther J. Cepeda | Posted 10.15.2009 | Chicago


Esther J. Cepeda

Give me the disappointment of a world without freshly-baked Twinkies in exchange for wondering how the State of Illinois will keep all the poor people in food stamps next year.

$2.5 Billion Budget Cuts: Paterson To Slash Health, Education

nydailynews.com | Kenneth Lovett | Posted 10.15.2009 | New York


Get ready for more pain. Gov. Paterson will propose $2.5 billion in budget cuts today - primarily in health and education - to close a mushrooming def...

Artists Brighten Empty Storefronts During Gloomy Recession

nytimes.com | Diane Cardwell | Posted 10.13.2009 | New York


At the end of a dark passageway at the Port Authority Bus Terminal, almost 50 artworks have suddenly parked in a bright, spare gallery. ...

Doom, the Rerun

Yvette Kantrow | Posted 09.29.2009 | Media


Yvette Kantrow

With a few exceptions, the Lehman coverage consisted of the usual anniversary fare, from the pedestrian where-are-they-now stories to the handwringing what-have-we-learned pieces.

The Search for Normalcy

Robert Teitelman | Posted 09.29.2009 | Business


Robert Teitelman

One view of "normal" has come out of the crisis stronger than ever: that "normal" doesn't exist at all, that the belief in market equilibrium has been effectively undermined.

Frank Rich: Even Glenn Beck Is Right Twice A Day

nytimes.com | FRANK RICH | Posted 11.19.2009 | Media


Beck frequently strikes the pose of an apocalyptic prophet, even insisting that he predicted 9/11. This summer he also started warning of domestic ter...

Recession Drives Women Back To The Work Force

New York Times | STEVEN GREENHOUSE | Posted 11.19.2009 | Business


The Great Recession is pushing many highly educated women who had left work to stay at home with their children to dive back into the labor pool, acco...

'Great Recession' Hitting New York Hard: Report

WXXI | Karen DeWitt | Posted 11.17.2009 | New York


ALBANY, NEW YORK (WXXI) - A new report finds that while New York has been hit hard by the so-called "Great Recession," federal stimulus monies have bu...

Lehman Brothers' Nonlessons

Robert Teitelman | Posted 11.14.2009 | Business


Robert Teitelman

The real lesson of the Lehman meltdown and failure may turn out to be that it was not a deep enough shock to change a political and economic system that seems to require liquidity-driven growth.

Trouble Looming in China

Alan Schram | Posted 09.02.2009 | Business


Alan Schram

The Chinese economy is posting impressive growth of almost 8% annually, even as the rest of the world is going through excruciating economic pain. How is that resilience possible?

The Economic Conversation Enters a New Phase: Putting Consumers Front and Center Now

Simon Rosenberg | Posted 06.14.2009 | Politics


Simon Rosenberg

Do we really want, as a matter of national policy, Americans to spend, to take on more debt?

Volcker's 'Great Recession:' Unemployment Will Be Redefined

bloomberg.com | Matthew Benjamin and Rich Miller | Posted 06.04.2009 | Business


May 4 (Bloomberg) -- Post-recession America may be saddled with high unemployment even after good times finally return. Hundreds of thousands of jo...