Great Recession

What If Summers and Romer Are Wrong Again?

Leo Hindery, Jr. | Posted 05.25.2011

Read More: Christina Romer, Larry Summers, Manufacturing Job Losses, Unemployment, Proteges-of-Bob-Rubin, Bob Rubin, Great Recession, Business News
Leo Hindery, Jr.

The president needs to stop his over-reliance on inputs from men and women who studied at the "Bob Rubin School of Economics," a school with a laissez faire curriculum that for too long has errantly dominated the nation's thinking.

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Graduating From Our Great Recession: What We Can Learn From Famous Commencement Speakers (VIDEO)

Diane Dulken | Posted 11.17.2011

Read More: Steve Jobs, JK Rowling, Great Recession, Harvard, Graduation, How to Live Before You Die, Nature, Stanford, Harry Potter, Paul Hawken, Natural Capitalism, The Inner Life, Video, Healthy Living News
Diane Dulken

As we climb out of the Great Recession, we are graduating into a new world. A mashup of Steve Jobs, JK Rowling and Paul Hawken's commencement insights might help us make better choices for our lives.

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Bank Regulation, Need for Transparency, and Politics as Usual Makes the Outcome Uncertain

Jerry Chautin | Posted 05.25.2011

Read More: Depression Era, Squam Lake, Gse, Government Sponsored Enterprise, Federal Reserve Bank of Atlanta, Paul Volcker, Banking Regulation, Fdic, Investment Banks, Plain English, Financial Meltdown, Ncua, Great Recession, Financial Institutions, President Barack Obama, National Credit Union Administration, Dennis Lockhart, Chairman Ben Bernanke, Financial Debacle, Mortgage Banks, Federal Deposit Insurance Corporation, Taxpayers Money, Politics News
Jerry Chautin

Bank regulation is caught up in political maneuvering. Pro and con lobbying groups are spinning legislators. We need reform.

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Chicago Population Grows As Fewer Can Afford To Leave

Posted 05.25.2011

Read More: Census, Chicago Population, Census Bureau, Sun Belt, Great Recession, Chicago, Chicago News

Chicago's population grew by roughly 21,000 people in the year between July 2008 and July 2009, but perhaps not for the reasons we might like. Due t...

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One Global Government

Patrick Takahashi | Posted 05.25.2011

Read More: World Peace, President Barack Obama, Great Recession, Asian Alliance, Peak Oil, Russia, European Union, Global Warming, China, USA, World News
Patrick Takahashi

But the one pervading thought was, wherever I went, how badly government was broken. From local municipalities to the U.S. Congress to the United Nations, all signs point toward a declination of our lifestyle because of their inability to govern.

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Comprehensive Immigration Reform to Create Jobs and Secure our Future

Reshma Saujani | Posted 05.25.2011

Read More: Arizona Legislature, Immigration Reform, New York Economy, DREAM Act, Great Recession, Economy, H1-B, Economic Crisis, Visas, Immigration, Arizona, Job Creation, New York, New York City, East Village, Home News
Reshma Saujani

James Madison once wrote, "America was indebted to immigration for her settlement and prosperity. That part of America which had encouraged immigratio...

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Debt -- What Is it Good For? Absolutely Some Things

Robert S. McElvaine | Posted 05.25.2011

Read More: Regressives, Bill Clinton, Debt, National Debt, Ronald Reagan, 2010 Elections, Great Recession, Spending, George W. Bush, Franklin Roosevelt, Republicans, World War II, Democrats, Bush Tax Cuts, Great Depression, Elections 2010, Business News
Robert S. McElvaine

Depending on the circumstances and reasons for incurring debt, it can be either wise or foolish. We need to distinguish good debt from bad debt.

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The Goldman Sachs Scam Reveals the Rot in our Financial System

Les Leopold | Posted 05.25.2011

Read More: Cdos, Goldman Sachs, Wall Street, John Paulson, Great Recession, Financial Reform, Economic Crisis, Warren Buffett, Financial Crisis, Business News
Les Leopold

The real story goes far beyond this slimy, insider swindle. If we focus instead on the synthetic collateralized debt obligations sold by Goldman Sachs, we go to the heart of what crashed our economy.

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Greed Explains the Disasters and the Lying Afterwards

Leo W. Gerard | Posted 05.25.2011

Read More: Prudhoe Bay, Mine Safety and Health Administration, Greed, Massey Energy, Tony Hayward, Bp, Gulf of Mexico, Msha, Middle Class, Usw, United Steelworkers, United Mine Workers of America, Aracoma Coal Co., Upper Big Branch Mine, Greed Is Good, Don Blankenship, Oil Spill, Wall Street, Ayn Rand, Umwa, Great Recession, Unemployment Insurance, Warren Buffett, Texas City, Seven Deadly Sins, Business News
Leo W. Gerard

Middle class workers are the ones who die in coal mines and on oil rigs. Afterwards, CEOs say anything to save the bottom line -- the one that will determine their bonuses.

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The Index of Life

Patrick Takahashi | Posted 05.25.2011

Read More: Cuban Missile Crisis, Great Recession, Nuclear Security Summit, Peak Oil, Peak Everything, Index of Life, Cold War, Global Warming, Green News
Patrick Takahashi

I'm beginning to be influenced by some of my doomsday colleagues who are frighteningly convincing that the combination of Peak Oil and Global Warming means that life will only get worse.

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Laura Bassett

Middle Class No More: New Jersey Family Scrapes By On Half Its Former Income

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011

Read More: Middle Class Recession, Financial Crisis, Great Recession, Bearing Witness, Middle Class, Impact News

As part of our Bearing Witness 2.0 project, the Huffington Post is rounding up local stories of formerly middle-class families who are now struggling ...

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Great or Grateful?

Chip Conley | Posted 11.17.2011

Read More: Work-Life Balance, Personal Happiness, Economic Crisis, Great Recession, Gratitude, Healthy Living News
Chip Conley

There's a growing body of research that shows it is not happiness that makes us grateful, but it's gratefulness that makes us happy.

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Shahien Nasiripour

Great Recession Not Over Yet, Though Data Suggests Expansion (CHARTS)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosures, Unemployment, Economy, Great Recession, Financial Crisis, Slidepollajax, Nber, Oecd, Recession, Business News

Put the champagne back on ice -- the Great Recession ain't over yet. The committee that decides such matters, the Business Cycle Dating Committee o...

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Shahien Nasiripour

Bernanke Warns Congress Not To Cut Spending, Cautions About 'Fragile' Recovery

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Unemployment, Federal Budget Deficit, Great Recession, Federal Reserve, Financial Crisis, Jobs, Ben Bernanke, Business News

While the conventional wisdom in Washington appears to focus largely on the need to lower the federal government's budget deficit, rather than on redu...

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Albany's Budget "Cuts" Will Cost New Yorkers Serious Money

Diane Louard-Michel | Posted 05.25.2011

Read More: HIV/AIDS, Mental Illness, Housing Market, Homelessness, David Paterson, New York Budget Cuts, Great Recession, New York Budget Deficit, Homeless Shelters, New York Budget, NYC Homeless Shelters, Affordable Housing, Supportive Housing, New York News
Diane Louard-Michel

Whenever a budget battle happens, safety net services come under the gun. Albany should take a close look at innovative programs that provide needed services while offsetting spiraling expenditures in other areas.

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Credit-Card Borrowing Is Hurting Small Businesses

Jerry Chautin | Posted 05.25.2011

Read More: Credit Card Abuse, Real Estate Loans, Alternative Financing, Small Business Loans, Recession, Retail Store, Credit Cards, SBA Loans, Business Startups, Small Business Owners, Monmouth University, Great Recession, Borrowing Money, Term Loans, Business News, Score, Robert Scott, Commercial Real Estate, Entrepreneurs, Sba, Great Depression, Small Business, Business News
Jerry Chautin

Once upon a time loans from friends and family ranked as the most prevalent way for entrepreneurs to fund business start-ups. Now, credit cards have jumped to the top of the list.

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LA's Latest and Most Severe Fiscal Crisis Long in the Making

Charles Feldman | Posted 05.25.2011

Read More: Mayor Antonio Villaraigosa, Los Angeles Fiscal Crisis, Great Recession, Los Angeles Department of Water and Power, Los Angeles News
Charles Feldman

Somehow, it seems fitting. A city that owes its existence to water and power is being brought to its knees by none other than its very own Department of Water and Power.

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Shahien Nasiripour

Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Unemployment, Jobs, Unemployment Insurance, Extended Unemployment Insurance, Jobless, Obama Administration, Recession, Great Recession, Slidepollajax, Video, Business News

More than three million Americans have been out of work for at least a year, according to a new analysis of unemployment data. That represents 23 per...

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Shahien Nasiripour

Which Industries Lost/Gained Jobs In The Great Recession (CHARTS)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Sophia Koropeckyj, Unemployment, Moody's economy.com, Great Recession, Employment, Jobs, Financial Crisis, Business News

The nascent upturn in the economy has economists cheering the end of the Great Recession, but the return of more than eight million lost jobs will tak...

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Shahien Nasiripour

Number Of Long-Term Unemployed Continues To Rise, Sets Another All-Time High

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Christina Romer, Workers, Robert Reich, Unemployment, Long-Term Unemployment, Great Recession, Employment, Labor Department, IHS Global Insight, Financial Crisis, Timothy Geithner, Recession, Business News

While the increase in jobs over the past month provides hope that the economy's nascent recovery will continue to blossom, one troubling trend in Frid...

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Private Sector Job Growth Drives March Employment Numbers

Rep. Carolyn Maloney | Posted 05.25.2011

Read More: Small Businesses, Economic Recovery, Economic Stimulus Package, Recession, Jobs, Economy, Unemployment, Great Recession, Joblessness, Hire-Act, New York News
Rep. Carolyn Maloney

While the latest jobs report doesn't merit high-fives or fits of bragging, it's quite a bit better than what we've been handed each month over the past two years.

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Obama Should Channel Roosevelt To Battle Wall Street

Washington Post | Simon Johnson and James Kwak | Posted 05.25.2011

Read More: James Kwak, Economics, Goldman Sachs, New Deal, Financial Reform, JP Morgan, Obama, Politics, Great Depression, Franklin Delano Roosevelt, White House, Unemployment, Barack Obama, Finance, Standard Oil, Antitrust, Financial Crisis, Banks, Great Recession, Fdr, Wall Street, Simon Johnson, Franklin Roosevelt, Business News

In the spring of 2009, Obama and his senior advisers did not seem terribly troubled by the dangerous concentration of power, wealth and hubris on Wall...

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U.S. Recession Breeds Escalating Violent Crime

Janet Tavakoli | Posted 05.25.2011

Read More: Chicago Police Department, Chicago Shootings, Violent Crime, Great Recession, Business News
Janet Tavakoli

The Wall Street Journal reports that violent crime is down in the big cities in the U.S., saying this breaks the pattern between economic downturns and an increase in crime. It's more likely that the public is being lied to in a profound way.

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Child Care Cuts Force Parents Back on Welfare

Jim Wallis | Posted 05.25.2011

Read More: Kids, Single Mom, Children, Working Parents, Budget Cuts, Economy, Mothers, Low Income Families, Families, Poor, Child Care Assistance, Recession, Government, Parent, Work, Values, Middle Class Families, Mother, Great Recession, Welfare, Child Care Cuts, Poverty, Politics News
Jim Wallis

Poor and already vulnerable mothers and children are being hard hit by budget cuts to child care assistance, leaving working parents without child-care help, making them lose their jobs, and forcing them back onto welfare.

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Shahien Nasiripour

Another Monthly Drop In Lending By Biggest Bailed-Out Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Small Business, Wall Street Bailout, The Financial Fix, Bank Lending, Bailout, Great Recession, Financial Crisis, Small Business Lending, Business News

The biggest recipients of taxpayer bailouts cut lending again, at a rate twice that of smaller lenders, new federal data show. The nation's biggest...

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