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Great Recession

Shhh... The American Economy Is on the Brink... of a Boom!

Terry Connelly | Posted 11.24.2014 | Business
Terry Connelly

The real story is that "help is on the way" for America's struggling middle class, the unemployed and the under-employed. The much maligned TARP stimulus and "extraordinary measures" of the Federal Reserve have finally and in fact -- worked!

Republicans Just Don't Get It

Harlan Green | Posted 11.21.2014 | Business
Harlan Green

There is a reason why it has taken so long to emerge from the Great Recession. And the Republican leaders of the House and Senate with their new majorities exemplify why we have barely emerged from it.

A Lesson from Detroit - America's Heart, and Soul

Ken Ludden | Posted 11.17.2014 | Arts
Ken Ludden

Detroit has been at the heart of America since its founding in 1701. Over the years, Detroit has always been the center of America. Located geographically to connect America with Canada via the natural water systems, it is the way in to America's heart.

What Explains the Election Results? It's (Still) the Economy

Dennis M. Kelleher | Posted 11.10.2014 | Politics
Dennis M. Kelleher

No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.

American Radicals Past and Present

Glyn Vincent | Posted 11.07.2014 | Books
Glyn Vincent

It took Linda Coleman 15 years to write her memoir Radical Descent: The Cultivation of an American Revolutionary, a soul searching and gripping account of her involvement as a young woman with a violent left wing underground group in the 1970s.

Midterms 2014: An Extremely Brief Autopsy

Joseph A. Palermo | Posted 11.05.2014 | Politics
Joseph A. Palermo

The electorate that votes in midterm elections is older and whiter and looks more like the viewership of The O'Reilly Factor than anything that accurately reflects the true racial and ethnic diversity of this country.

Government Isn't the Problem, It's the Bully Mentality

Harlan Green | Posted 11.04.2014 | Politics
Harlan Green

The bullies are in control, whether they are Republican Tea Partiers that refuse to compromise on any legislation that won't downsize government programs, or the lobbying arm of the gun industry; they control Washington's agenda these days.

A Play for Our Times: Pia Wilson's Turning the Glass Around

Rachel Mason | Posted 11.03.2014 | Arts
Rachel Mason

A remarkable new play, Turning the Glass Around, by Pia Wilson, fearlessly plunges into the ever-morphing conversation about immigration, race and class. Turning the Glass Around evokes images of Death of A Salesman.

What Tim Geithner Really Thought Of Obama Administration

ProPublica | Jeff Gerth | Posted 10.30.2014 | Business

Pop quiz: Which high-profile official faulted the Obama administration for the following botched responses to the financial crisis?1) Policing bad ban...

The Full Employment Act at 35: America's Unfinished Business

Rep. John Conyers | Posted 10.27.2014 | Politics
Rep. John Conyers

Today marks the 35th anniversary of the Humphrey Hawkins Full Employment and Balanced Growth Act, a law that requires federal policies to be directed toward the attainment of full employment. The law is in effect today, yet Congress continues to shirk its responsibilities.

A GOP Wave? Thank the Democrats' Cave!

Rick Horowitz | Posted 10.25.2014 | Politics
Rick Horowitz

Election Night forecast: It won't be pretty. Here's part of why...

Recovery of the Rich, By the Rich, For the Rich -- Recession for Everyone Else

Anthony W. Orlando | Posted 10.17.2014 | Politics
Anthony W. Orlando

Officially, the recession ended five years ago. But there's something the financial newscasters don't tell you: Unless you're rich, those numbers don't apply to you.

What Oil Price Got to Do, Got to Do With It? (10 Things to Remember About Oil Prices)

Carl Pope | Posted 10.15.2014 | Green
Carl Pope

The collapse of soaring oil prices signaled the beginning of the 2008 Great Recession. This milder repeat performance is not so confusing if we look at the basics -- and remember that what counts about oil is not where it is produced, or exactly how much we need, but its price.

How Laissez-Faire Economics Led to Inequality and Recession

Jeff Madrick | Posted 10.15.2014 | World
Jeff Madrick

The reaction of the economic mainstream to the inflationary turmoil of the 1970s was to retreat to an ideological interpretation of their fundamental ideas -- a doctrinaire reinforcement of laissez-faire economics.

True Patriotism Requires Supporting Every President

Morris W. O'Kelly | Posted 10.11.2014 | Politics
Morris W. O'Kelly

Vote your interests in November. Continue to be partisan to your heart's delight. Just don't call yourself a patriot if you search to find reasons to disregard objective facts, data and documented history in an attempt to justify rooting against a sitting president.

Review: Edward Kleinbard's 'We Are Better Than This'

Jared Bernstein | Posted 10.09.2014 | Politics
Jared Bernstein

Kleinbard describes himself as a "Dutch uncle" which the dictionary tells me is someone who admonishes sternly and bluntly... tells us the hard truths whether we want to hear them or not.

Smart Fiscal Policy Will Help Jobs

Vitor Gaspar | Posted 10.08.2014 | Business
Vitor Gaspar

In some countries, particularly in Europe, reform of labor markets may be necessary to remove persistent rigidities. Fiscal policy cannot substitute for such reforms. But fiscal policy can work in tandem with broader structural reform efforts to support job creation.

How Wall Street Still Gets Its Way in Washington, DC

Dennis M. Kelleher | Posted 10.07.2014 | Politics
Dennis M. Kelleher

The Boston Globe about Wall Street's secretly purchased influence in Washington, D.C. was somewhat mistitled as being about the "struggle for the Democratic Party's Soul." It's also about how Wall Street's virtually unlimited cash secretly influences the key debates as well as the policy outcomes in the nation's capital.

Watch: Too Big to Jail?

Bill Moyers | Posted 10.06.2014 | Politics
Bill Moyers

Attorney General Eric Holder's resignation last week reminds us of an infuriating fact: No banking executives have been criminally prosecuted for their role in causing the biggest financial disaster since the Great Depression.

Leader-as-Decision-Maker: Decisions Matter

Dr. Jim Taylor | Posted 11.22.2014 | Business
Dr. Jim Taylor

Ultimately, there is no way to be sure that the so-called right decision has been made before it has been made and acted on. All you can do is ensure that the process of decision-making is deliberately and painstakingly executed. That doesn't guarantee the best decision, but it sure makes it a lot more likely.

Who Are the Real Takers?

Harlan Green | Posted 11.18.2014 | Business
Harlan Green

Why do we have such a high poverty rate five years after the end of the Greatest Recession since the Great Depression, and the greatest income and wealth inequality since that Great Depression?

Economic Happy Talk and the Politics of Denial

Joel Berg | Posted 11.11.2014 | Politics
Joel Berg

Democrats can't seem to get their message straight about the economy. Is it soaring because of the visionary leadership of President Obama, or failing because of the intransigence of Congressional Republicans?

The Death of Maria Fernandes Demands a Call to Action

Laura Reyes | Posted 11.09.2014 | Politics
Laura Reyes

When I heard about the death of Maria Fernandes, an exhausted worker who died while napping in her car between two of her four jobs, I felt an my immense sadness that quickly turned to anger. Maria was a victim of an economic condition that grinds up low-wage workers, particularly women.

A Broken Immigration System Hurts Communities and Businesses

National Council of La Raza | Posted 11.09.2014 | Latino Voices
National Council of La Raza

Misguided immigration policies don't just tear families apart; these policies also impact the communities where aspiring Americans live and contribute.

Government Wasn't the Problem

Harlan Green | Posted 11.08.2014 | Business
Harlan Green

If the latest unemployment report tells us anything, it is that government isn't the problem that has caused the weak U.S. recovery, but a private sector that is focused solely on maximizing profits for their investors and CEOs, rather than creating more jobs.