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Great Recession

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 06.09.2014 | 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 05.19.2014 | 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 05.19.2014 | 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 05.17.2014 | 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 05.14.2014 | 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?

How Can We Adjust to New Hard Times?

Malcolm Boyd | Posted 06.22.2014 | Fifty
Malcolm Boyd

Let's face it: life for average people isn't getting easier. As a matter of fact, it's enormously complicated. Aging itself requires far more skill than it did. It's not an easy process at all.

The Only Thing We Have to Fear Is Fear Itself

Jack Nadel | Posted 06.18.2014 | Business
Jack Nadel

When President Franklin Delano Roosevelt gave his first inaugural address on March 4, 1933, he was advising an anxious nation that fear itself was the...

Jobs Report: First Impression

Jared Bernstein | Posted 06.04.2014 | Business
Jared Bernstein

With today's report, private sector employment has finally regained its pre-recession peak. It has taken more than six years for private sector jobs to recover, an extremely stark reminder of the depth of the downturn and the weakness of what's been a plodding labor market recovery.

Throwing Rocks at the Dark

Craig Giesecke | Posted 06.02.2014 | Politics
Craig Giesecke

Caught between a life they no longer have and a government support system that's constantly under rabid attack, the result the unemployed are facing is anger, and personal and professional inertia.

It Was The Best of Times, The Most Indulgent of Times

Wray Herbert | Posted 06.02.2014 | Science
Wray Herbert

Young Americans have gotten a fair share of criticism in recent decades. For the harshest critics, it's a generation of narcissistic brats. Have they been spoiled by indulgent, overprotective parents, who lavished their kids with unearned praise? Or perhaps it's something else entirely.

Great teachers have a great impact

Dale Hansen | Posted 06.01.2014 | Detroit
Dale Hansen

Since the start of the Great Recession, public employees have been the target of much disdain and many cuts. One of the sectors hardest hit from these...

Greenspan's Greed and the Federal Deficit

Harlan Green | Posted 05.28.2014 | Business
Harlan Green

We have you to thank, Dr. Greenspan, for those "opportunities for avarice" that resulted from of your unbridled enthusiasm for such policies at that time. It also brought on the Great Recession and record deficit we have today.

"FedUp" Activists Identify the Source of Economic Pain -- The Federal Reserve

Jerry Ashton | Posted 05.28.2014 | Politics
Jerry Ashton

For the first time since the '30s, the 99 percent stood up and pointed out the real culprits -- Wall Street and the politicians they own. People listened, they heard, and began to believe.