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Great Recession

Don't Blame Unemployment Crisis On Housing Pile-Up: Report

Posted 09.19.2011 | Business

Home-owner reluctance to sell their dwellings to relocate for a new job has played little part in boosting the U.S. unemployment rate, research fr...

Applications For Mortgages Surge On Refinancing Demand

Posted 09.19.2011 | Business

Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rate...

Tim Geithner: President Should Veto Any Legislation Weakening Financial Reform

Wall Street Journal | Timothy Geithner | Posted 09.19.2011 | Business

In June 2009, the administration submitted to Congress a proposal that would fundamentally reshape the financial system. It was designed to lay a stro...

CHARTS: Nine Signs The U.S. Recovery Might Be Losing Momentum

The Huffington Post | James Sunshine | Posted 09.18.2011 | Business

Look at any number of recent economic indicators, and it's easy to understand why there have been whispers of a double-dip recession. If the economy i...

Western States, Hit Hard By Housing Crisis, Lag Behind During Recovery

Posted 09.18.2011 | Business

WASHINGTON (AP) -- Western states hit hardest by the housing crisis are feeling the greatest economic stress two years after the recession ended, acco...

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011 | Business

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

Cisco To Cut Workforce By 11,500 Employees

Posted 09.17.2011 | Business

Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business. ...

Simon Johnson: Europe's Three Forms Of Contagion

Bloomberg | Simon Johnson | Posted 09.17.2011 | Business

There are three types of contagion in a financial crisis, when the potential collapse of a firm, bank or country threatens to spiral out of control. T...

After The Recession, Students Borrow Reluctantly

Posted 09.17.2011 | College

By Lisa Lambert, Reuters (Reuters) - When Emi Young decided to attend Pomona College in California a few years ago, she broke with a tradition ...

U.S. Legal Immigration Slowed Dramatically During Recession: OECD

The Huffington Post | James Sunshine | Posted 09.13.2011 | Business

Legal immigration to the U.S. has slowed considerably since the Great Recession began, according to a newly released report by the Paris-based Organiz...

As Recession Thaws, Women Lose Jobs

The Huffington Post | Laura Hibbard | Posted 09.13.2011 | Women

America is inching towards recovery from the Great Recession. Women, however, aren't benefiting from it, a recent study by the the Pew Research Center...

Auto Industry's Output Falls As Manufacturing Growth Flatlines

AP | By MARTIN CRUTSINGER | Posted 09.14.2011 | Business

WASHINGTON -- U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third s...

Tattoos: An Oddly Recession-Proof Industry

Daily Finance | Loren Berlin | Posted 09.14.2011 | Business

In today's challenging economy, when unemployment continues to hover near 9%, people are also choosing to remove tattoos to appeal to potential employ...

Citigroup Turns Profit For Sixth Consecutive Quarter

AP | PALLAVI GOGOI | Posted 09.14.2011 | Business

NEW YORK — Citigroup Inc. has long boasted of its international scope. It has a presence in 140 countries, more than any other U.S. bank. Now, ...

Volkswagen Set A New First-Half Sales Record

AP | By DAVID RISING | Posted 09.14.2011 | Business

BERLIN -- Germany's Volkswagen AG, Europe's largest automaker, said Friday it set a new first-half group sales record, as strong growth in the Asia-Pa...

Lila Shapiro

Layoffs Return, Along With Fears Of Deepening Economic Stagnation

HuffingtonPost.com | Lila Shapiro | Posted 09.13.2011 | Business

In recent months, as the unemployment rate has unexpectedly climbed, experts have put the blame on a lean job market, asserting that employers still s...

Morgan Stanley Denies Report It Could Lay Off 'Possibly Thousands Of Jobs'

Posted 09.13.2011 | Business

NEW YORK (Lauren Tara LaCapra) - Morgan Stanley (MS.N) might lay off more workers than the few hundred underperforming financial advisers it previ...

'Forget Deficit Reduction: Here Comes More Stimulus'

Fortune | John Cassidy | Posted 09.12.2011 | Business

With all the talk of debt ceilings and federal spending cuts, you might think that the era of stimulus programs was behind us. Think again. I strongly...

Shahien Nasiripour

Financial Crisis Panel Commissioners Leaked Confidential Information To Lobbyists, Report Alleges

HuffingtonPost.com | Shahien Nasiripour | Posted 09.12.2011 | Business

Republican commissioners on the panel created by Congress to probe the roots of the financial crisis leaked documents to partisan allies and shared co...

Official: Curtailing Dodd-Frank Leaves Economy Open To "Collapses And Crises"

Posted 09.12.2011 | Business

WASHINGTON (Margaret Chadbourn) - The law overhauling the financial system should continue to protect the economy in the future despite any challe...

Recession-Hit NJ Cities May Face Credit Downgrade

Posted 09.12.2011 | Business

NEW YORK (Edith Honan) - Six struggling New Jersey cities were warned on Tuesday their credit ratings might be downgraded by Moody's Investors Ser...

'Blaming Fannie for Crash Gives Banks Free Pass'

Bloomberg | William D. Cohan | Posted 09.12.2011 | Business

As should be abundantly clear by now to anyone who has taken the time to study things carefully, there were many factors that contributed to the calam...

Fed Officials: Recent Lack Of Job Growth Of 'Particular Concern'

AP | MARTIN CRUTSINGER | Posted 09.11.2011 | Business

WASHINGTON — Federal Reserve officials at their last meeting expressed concerns that the weakening job market might hold back the recovery. But ...

America's Latest Crime Trend: Air Conditioner Thieves

The Huffington Post | James Sunshine | Posted 09.10.2011 | Business

If a recent trend is any indication, thieves across the country aren't only interested in your money. They're after your air conditioners too. Acr...

C-Word 40: A Man Like America

Cintra Wilson | Posted 09.11.2011 | Home
Cintra Wilson

You have been married to America for a long time. You invested all your money in a house which he allowed to deteriorate, along with your relationship. He has always been evasive -- now you strongly suspect he is constantly lying to you.