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Great Recession

California vs. Kansas

Harlan Green | Posted 07.29.2014 | Business
Harlan Green

In the great economic battle between pro-government and anti-government policies, California vs. Kansas has been the featured contest, and California has won.

Statement on the 2014 Social Security Trustees' Report

Bob Greenstein | Posted 07.28.2014 | Politics
Bob Greenstein

Social Security is the most effective and successful income-security program in the nation's history. Policymakers should design reforms judiciously so that it remains so.

Why I Love My Bank Regulator

Keith Mestrich | Posted 07.24.2014 | Impact
Keith Mestrich

Many financial sector executives are not fans of bank regulators -- to put it mildly. But I have a different perspective: I love my bank regulator. Here's why -- and why you should, too.

Is There Any Help for Consumers?

Harlan Green | Posted 07.22.2014 | Money
Harlan Green

"It's the Consumers, Stupid," is an oft-repeated mantra being echoed currently by Internet advocates who want to keep Internet access free. But there's a more important reason to worry about consumer health

Journeys and Destinations: The National Fund For Workforce Solutions Evaluation

Mark Popovich | Posted 07.18.2014 | Impact
Mark Popovich

Evaluation calibrates the achievements against the National Fund's initial goals -- including the number of individuals and employers served as well as its growth in scope and scale. Most important is the evidence that the core principles are demonstrated in practice and that adherence to the principles correlated with higher performance across the sites.

Proof Young Americans Are Still Hurting From The Recession

Reuters | Posted 07.17.2014 | Business

WASHINGTON, July 17 (Reuters) - A record 57 million Americans, or 18.1 percent of the U.S. population, lived in households with two or more generati...

Arthur Delaney

More Cities Are Basically Making It Illegal To Be Homeless

HuffingtonPost.com | Arthur Delaney | Posted 07.16.2014 | Politics

WASHINGTON -- Since the Great Recession, many American cities have sought to eradicate homelessness not so much by giving people shelter, but by makin...

Cities 3.0: How Cities Are Driving The Revitalization Of Our Nation

Kevin Johnson | Posted 07.14.2014 | Politics
Kevin Johnson

Cities 3.0 mayors are not sitting on our hands, waiting for the feds or someone else to solve our problems. We're embracing good ideas no matter where they come from, innovating to provide better services and building strong economies for the global marketplace.

The Worst President Since World War II? Uh, Guess Again

Marco Cáceres | Posted 07.08.2014 | Politics
Marco Cáceres

Oh, Americans have such short memories -- made only worse by how pathetically poor many choose to be informed.

Q1 GDP Plunge -- Austerity Must End

Harlan Green | Posted 06.27.2014 | Business
Harlan Green

That is, we have to end those policies that have lowered tax revenues and limited government spending for too long. They have literally been counter-productive, and hobbled economic growth.

5 Years After the Great Recession, Our Economy Still Far from Recovered

Andrew Fieldhouse | Posted 06.26.2014 | Politics
Andrew Fieldhouse

Five years after the end of the Great Recession, the economy is far from healthy. A tragic mix of budgetary blunders and congressional inaction deserve the lion's share of the blame for this.

Is The Great Recession Changing The Way We Think About Poverty?

The Huffington Post | Arthur Delaney | Posted 06.20.2014 | Politics

WASHINGTON -- Fewer Americans today blame poverty on the individual failings of poor people than they did in the 1990s, according to a new poll by NBC...

Don't Underestimate the Millennials

Dr. Ricardo Azziz | Posted 06.19.2014 | College
Dr. Ricardo Azziz

What do you think when you hear "millennial generation"? If you're tuned in to either traditional or new media, the words that come to mind are probably not so good: perhaps self-absorbed, shallow, lazy, in debt, in trouble?

Real Business Leaders Want to Save Capitalism

Robert Reich | Posted 06.19.2014 | Business
Robert Reich

A few weeks ago I was visited in my office by the chairman of one of the country's biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Watch: Wall Street's Secret Weapon: Congress

Bill Moyers | Posted 06.16.2014 | Politics
Bill Moyers

Why haven't any big bankers been prosecuted for their role in the housing crisis that led to the Great Recession?

The Great Stagnation: Five Years Into the Recovery and Americans Still Don't Feel It

Aaron Pacitti | Posted 06.13.2014 | Politics
Aaron Pacitti

Stock prices and corporate profits have surpassed their pre-recession peaks and the unemployment rate has fallen from 10 percent to 6.3 percent. Many Americans, however, are not feeling the fruits of this growth. In fact, 57 percent of Americans still believe the economy is in a recession.

Seattle Is Right

Robert Reich | Posted 06.05.2014 | Business
Robert Reich

The gains from a higher minimum wage extend beyond those who receive it. More money in the pockets of low-wage workers means more sales, especially in the locales they live in -- which in turn creates faster growth and more jobs.

Thomas Piketty and Capitalism Beyond the 21st Century

Harlan Green | Posted 07.26.2014 | Business
Harlan Green

Thomas Piketty's Capital in the 21st Century is about more than proving that wealth inequality built up over centuries under so-called free market capitalism, or its social democratic versions in Europe, has to be its natural state.

If Corporations Are People, Why Aren't Their Executives Treated as Such When They Break the Law?

David Fagin | Posted 07.19.2014 | Politics
David Fagin

You gotta love this country. If nothing else, we're original. One on hand, the Supreme Court declares that, yes indeed, a corporation is, in fact, a ...

Mel Watt Lights Up the Real Estate Industry

D. Sidney Potter | Posted 07.17.2014 | Business
D. Sidney Potter

For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time.

What Made America Famous

Rep. Alan Grayson | Posted 07.17.2014 | Politics
Rep. Alan Grayson

Many Americans believe that the top one percent is responsible for the rising tide of inequality in America, which is swamping and drowning the other 99 percent. Professor Emmanuel Saez of the University of California at Berkeley says that they are wrong.

Tim Geithner and the Wall Street Bailout Redux

Robert Reich | Posted 07.14.2014 | Business
Robert Reich

Timothy Geithner's new book about the financial crisis, Stress Test, is basically an argument that the Wall Street bailout succeeded. That's hardly surprising, given that Geithner was in charge of the bailout when Treasury Secretary, and so has an inherit interest in telling the public it succeeded.

Fighting Hunger on Michigan's Northern Frontier

Kenneth Estelle | Posted 07.08.2014 | Impact
Kenneth Estelle

Food banks like ours are equipped to save surplus food before it ends up in the landfill, but since the recession, our network has been stretched to capacity by the growing need.

What Did We Learn From the Economic Crisis?

James A. Cusumano, Ph.D. | Posted 07.05.2014 | Politics
James A. Cusumano, Ph.D.

Instead of measuring "progress" by increasing Gross Domestic Product (GDP) and all of the challenges that go with this strategy, why not financially reward those who increase our quality of life?

The Bond Market Disagrees With The Fed: So What's New About That?

Terry Connelly | Posted 06.22.2014 | Business
Terry Connelly

Bond traders seem to have seen Steve Martin's The Man With Two Brains so often they have forgotten it was a comedy. And these are the folks the equity markets are supposed to pay attention to?