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Great Recession

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 09.22.2014 | 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 09.19.2014 | 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 09.12.2014 | 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 09.10.2014 | 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 09.09.2014 | 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 09.08.2014 | 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.

Mobility Math: More Folks Renting = Fewer Mortgages = Lower Deficit and Lower Unemployment

Terry Connelly | Posted 09.03.2014 | Business
Terry Connelly

Indeed, it has long been U.S. government policy to encourage home buying among young adults, especially by providing favorable tax subsidies for homebuyers in the form of the famous mortgage interest deduction.

Abercrombie & Fitch: A Sad Lesson In Branding

Jenny Darroch | Posted 09.02.2014 | Business
Jenny Darroch

The Great Recession wasn't a blimp on our landscape. Instead, it was a long, deep, drawn out tragic affair. Abercrombie & Fitch's sales and financial performance declined and employees were laid off.

Arthur Delaney

Most Americans Think The Economy Is Permanently Damaged

HuffingtonPost.com | Arthur Delaney | Posted 08.28.2014 | Politics

Seven out of 10 Americans say the U.S. economy has been permanently damaged by the Great Recession that started at the end of 2007, according to a new...

Most Americans Think The Recession Permanently Damaged The Economy: Survey

AP | By JOSH BOAK | Posted 08.28.2014 | Business

WASHINGTON (AP) — Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, ...

Weary U.S. Workers Are Still Experiencing Hard Times

James P. Hoffa | Posted 08.27.2014 | Business
James P. Hoffa

Labor Day is seen as a day of rest for many hardworking Americans. But for a growing set of U.S. workers, there is no break from trying to earn enough to support their families. Despite a dip in unemployment during the past few years, low pay continues to plague many employees while their corporate bosses rake in record profits.

Getting Rich After 50 Isn't Nearly As Hard As It Sounds -- Seriously

Buck Wargo | Posted 08.25.2014 | Fifty
Buck Wargo

Everyone dreams of getting rich and if you're in your 50s or older and getting by in your career and don't have a lot saved for retirement, becoming a millionaire over the next five years doesn't have to be a fantasy. All it takes is a change of mindset about money.

What Do Banks Have to Hide From CFPB's Efforts to 'Make the Market for Credit Work Better'?

Ed Mierzwinski | Posted 10.22.2014 | Business
Ed Mierzwinski

This month, two different but powerful Wall Street bank lobbies launched self-serving attacks on the Consumer Financial Protections Bureau's most recent efforts to make banking markets more transparent. What do the banks have to hide?

Yellen Warns That The Job Market Is Still Not Great

Reuters | Posted 08.22.2014 | Business

By Howard Schneider JACKSON HOLE, Wyo., Aug 22 (Reuters) - U.S. labor markets remain hampered by the effects of the Great Recession and the Federal...

Homeward Bound: The New Post-Graduation Destination

Ellen Goodlett | Posted 10.21.2014 | Women
Ellen Goodlett

There's nothing wrong with staying at home, especially when it's the practical choice for a young career worker who's looking to remain in their hometown.

The Tipping Point for Obama

Michelle Kraus | Posted 10.15.2014 | Politics
Michelle Kraus

Abandoned by his base and set adrift, the President trudges forward. He is weary, beleaguered, and beset with problems of the ages that span the Holy ...

U.S. Labor Force: Where Have All the Workers Gone?

Ravi Balakrishnan | Posted 10.12.2014 | Business
Ravi Balakrishnan

As the U.S. economy recovers, hirings increase and people are encouraged to look for jobs again. Instead, the ratio of the adult population with jobs, or looking for one -- what's called the labor force participation rate -- has been falling, standing at 62.9 percent in July 2014