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Great Recession

Payday Lenders, Pawn Shops Benefit As America's Economy Sputters

Associated Press | Bernard Condon | Posted 09.09.2011 | Business

NEW YORK (AP) -- As the jobless rate inches up and the economic recovery sputters, investors looking for a few good stocks may want to follow the mone...

African-American Economic Gains Reversed By Great Recession

AP | JESSE WASHINGTON | Posted 09.09.2011 | Business

(AP) BALTIMORE -- Growing up black in the segregated 1960s, Deborah Goldring slept two to a bed, got evicted from apartment after apartment, and watch...

10 States Running Out Of Children

24/7 Wall St. | Posted 09.09.2011 | Business

The portion of the U.S. population that is under 15 years of age has dropped slightly during the last decade, and the ripple effect of this already ha...

Economists Expect Jobless Rate To Fall Despite Weak Jobs Report: Poll

Posted 09.08.2011 | Business

NEW YORK (Chris Reese) - Economists at top financial institutions expect the U.S. unemployment rate to fall in 2011 and 2012 despite a surprisingl...

Walmart Supreme Court Ruling Being Used By Wall Street

Posted 09.07.2011 | Business

WILMINGTON (Tom Hals) - The U.S. Supreme Court's dismissal of a massive sex-bias case against Wal-Mart Stores Inc may have handed Wall Street a ne...

U.S. Consumer Credit Rose By $5 Billion In May

Posted 09.07.2011 | Business

WASHINGTON (Glenn Somerville) - U.S. consumer credit rose by another $5.08 billion in May, according to a Federal Reserve report on Friday that su...

Houston Family Living In Storage Unit Loses Custody of Kids

AOL Real Estate | Ann Brenoff | Posted 09.07.2011 | Business

Charlomane and Prince Leonard were doing just fine before the recession hit. But for the past three years, they've been forced to live with their six ...

Unemployed And Seeking Shelter From The Storm

AOL Daily Finance | Catherine New | Posted 09.07.2011 | Business

Kyle and Desiree Bates face a financial double whammy. Kyle, 39, is on long-term disability to recover from brain surgery that resulted from hydroceph...

S&P Raises California Credit Rating To Stable

Posted 09.06.2011 | Business

NEW YORK (Edith Honan) - Standard & Poor's raised its credit outlook on California to stable on Thursday in one of the first significant pieces of...

Merrill Lynch Ordered To Pay Hedge Fund For Losses During Crisis

Posted 09.05.2011 | Business

NEW YORK (Joseph A. Giannone and Jochelle Mendonca) - An arbitration panel ordered a Merrill Lynch clearing unit to pay $63.7 million in damages t...

Young Americans Are Most Satisfied With Their Standard Of Living: Gallup

The Huffington Post | James Sunshine | Posted 09.04.2011 | Business

It's hard to imagine young Americans being satisfied with their standard of living, especially with youth unemployment nearly double that of the natio...

Underwater Mortgages Are Sinking Home Values:

24/7 Wall St. | Posted 09.02.2011 | Business

The underwater mortgage problem will probably deteriorate before it improves. Home inventory level is still at an extraordinary high. The Wall Street ...

The Rich Get Richer

AP | PAUL WISEMAN | Posted 09.01.2011 | Business

WASHINGTON — This is one anniversary few feel like celebrating. Two years after economists say the Great Recession ended, the recovery has been...

U.S. Recovery's 2-Year Anniversary Arrives With Little To Celebrate

PAUL WISEMAN | Posted 08.31.2011 | Business

WASHINGTON (AP) -- This is one anniversary few feel like celebrating. Two years after economists say the Great Recession ended, the recovery has be...

Public Sector Workers Happier Than Those In Private Sector: Gallup

The Huffington Post | James Sunshine | Posted 08.30.2011 | Business

Recently in a survey, nearly one in three expressed dissatisfaction with their jobs. But according to the Gallup-Healthways survey, it's private-secto...

"If You Ever Think You're Too Small To Be Effective, You've Never Been In Bed With A Mosquito!"

Lydia Fisher | Posted 08.29.2011 | Business
Lydia Fisher

Many of us see that something deeply wrong has taken place in the making of this most recent financial crisis. We are united in our "humanness," in our being and desire to be treated with justice and human dignity.

Michigan's Governor Tramples Democracy

Rev. Jesse Jackson | Posted 08.28.2011 | Politics
Rev. Jesse Jackson

Perhaps Gov. Snyder has forgotten the words of the Pledge of Allegiance. We pledge our allegiance not to the corporate state, not to one party or one ideology, but to the republic, one nation, under God with liberty and justice for all.

Will Interest Rates Go Lower?

Don McNay | Posted 08.28.2011 | Business
Don McNay

The common assumption is that interest rates are going to go higher. Just like the common assumption, for many years, that you couldn't lose in the real estate market. Sometimes we have to consider the unconsiderable.

Does More Shoplifting Mean The Economy Is Improving?

The Huffington Post | Ellie Krupnick | Posted 08.27.2011 | Style

In what might be an overly-optimistic report, CNN Money writes that a new study shows that a rise in shoplifting could indicate that the economy is a...

10 Cities That Will Take A Decade To Recover From Recession

24/7 Wall Street | Charles B. Stockdale | Posted 08.27.2011 | Business

24/7 Wall St.: The Great Recession officially began in December 2007 and ended in July 2009. This doesn’t mean that the economy has returned to wh...

Dodd-Frank Helping To Revive The Shadow Banks?

TIME | Stephen Gandel | Posted 08.27.2011 | Business

They're back. In the past few months, it appears, shadow banks, financial firms that make loans but aren't actual banks, seem to be making a come b...

Poor Americans Happier Than Upper Middle Class

The Huffington Post | Harry Bradford | Posted 08.22.2011 | Business

Despite high unemployment and a national foreclosure crisis, most Americans still feel happy, according to a recent poll by Harris Interactive. The...

Larry Summers On The 'Economic Equivalent Of The Cuban Missile Crisis'

Posted 08.22.2011 | Business

JERUSALEM (Steven Scheer) - The economy is unlikely to return to recession provided there are no shocks on oil prices, U.S. housing or mishandling...

'The Real U.S. Fiscal Crisis Is Joblessness'

Bloomberg BusinessWeek | Chris Farrell | Posted 08.22.2011 | Business

The risk of economic stagnation should dominate discussions this week among the voting members of the Federal Reserve Board at its two-day meeting. Wi...

American Charitable Giving Rises In 2010, Still Not Back To Pre-Recession Levels

Posted 08.20.2011 | Impact

By Michelle Nichols U.S. donations to charity rose to $291 billion last year, a study found on Monday, but it was still more than 6 percent below ...