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Great Recession

Of American Workers, 24 Percent Have No Emergency Savings: Poll

AP | DAVE CARPENTER | Posted 08.20.2011 | Business

CHICAGO — Even after the jolt of the Great Recession, a new study finds that most Americans are not financially prepared for an emergency. A su...

The Extinction of Retirement

Michael Pento | Posted 08.17.2011 | Business
Michael Pento

For many Americans, the traditional idea of a comfortable retirement filled with golf carts, cruises and fishing trips is going the way of the dodo bird.

Americans' Top Financial Worry Is The Least Immediate

The Huffington Post | Harry Bradford | Posted 08.15.2011 | Business

When it comes to money, Americans have a lot of concerns, and its only getting worse. A recent poll by Gallup finds that Americans have become eve...

Small Businesses Plan To Cut Payroll As Confidence Wanes: Survey

The Huffington Post | James Sunshine | Posted 08.15.2011 | Business

Confidence might be essential for an economic recovery, but for the 77 percent of small businesses reporting that they were negatively effected by the...

Rich World's Economic Prospects Have Slightly Darkened, Economists Say

Posted 08.15.2011 | Business

LONDON (Andy Bruce) - The rich-world's economic prospects have darkened slightly, a Reuters poll of economists showed, with new signs of a slowdow...

Peter S. Goodman

Same As It Ever Was: Executive Pay Soars, Worker Pay Stagnates

HuffingtonPost.com | Peter S. Goodman | Posted 08.15.2011 | Business

Nearly three years after the public bailed out Wall Street, ordinary working people are still waiting for the tiniest slice of the spoils, while the people who are getting the biggest share -- the executives -- are left free to gamble for profits.

Peter S. Goodman

Larry Summers: The American Economy is Sick

HuffingtonPost.com | Peter S. Goodman | Posted 08.13.2011 | Business

NEW YORK -- Safely removed from the Obama White House, where he was a prime architect of economic policy, Larry Summers now tells us what most regular...

Economically, World War II Was Stimulus on Steroids

Paul Abrams | Posted 08.13.2011 | Politics
Paul Abrams

Right wing politicians are loathe to credit the New Deal with any success in hoisting the US out of the Great Depression, but credit WWII for that achievement. But that claim, however, undermines their entire premise.

The Stalled Recovery, Smoke and Mirrors and the Carnage on the Street

Robert Reich | Posted 08.11.2011 | Business
Robert Reich

The real economy is catching up with the financial economy, as it always does. Wall Street is built on smoke and mirrors, while the real economy is based on jobs and wages.

Simon Johnson: Timothy Geithner Headed 'In The Wrong Direction'

New York Times | Simon Johnson | Posted 08.09.2011 | Business

In a major speech earlier this week to the American Bankers Association’s international monetary conference, Treasury Secretary Timothy F. Geithner ...

10 Years Later, How Bush-Era Tax Cuts Changed America [CHARTS]

The Huffington Post | Harry Bradford | Posted 08.08.2011 | Business

A decade has now passed since the Bush-era tax cuts were signed into law, and the topic remains as divisive as ever. To mark the ten-year annivers...

9 Global Ideas To Fix America's Economy

Bloomberg Business Week | Peter Coy | Posted 08.09.2011 | Business

Democrats and Republicans are dug in like soldiers at Verdun over what to do about the sputtering U.S. economy. Exhausted by the political stalemate, ...

Peter S. Goodman

White House Economist Dismisses Talk of Crisis

HuffingtonPost.com | Peter S. Goodman | Posted 08.08.2011 | Business

WASHINGTON – Austan Goolsbee, still at this moment chairman of President Obama’s Council of Economic Advisers, is clearly tired of hearing talk ab...

The Lost Decade

Will Marshall | Posted 08.07.2011 | Politics
Will Marshall

Barack Obama, who took office months after the Great Recession started, must be cursing his luck. Just at the point when investment and jobs normally would be coming back, the U.S. economy has taken a sickening swoon.

Lila Shapiro

Kids Are Not All Right: Community Job Loss Hampers Student Achievement

HuffingtonPost.com | Lila Shapiro | Posted 08.07.2011 | Business

Studies have long indicated that children whose parents lose jobs will falter academically. But new evidence shows that widespread job loss doesn't on...

We Need Commitment to Get Near Utopia!

Marty Robins | Posted 08.07.2011 | Business
Marty Robins

Commitment or its absence is an issue in many contexts. However, there is no situation where this is more the case than our current economy. By any st...

Job Openings And Hiring Rate Fell In April, Labor Department Finds

Posted 08.07.2011 | Business

WASHINGTON (Pedro Nicolaci da Costa) - Job openings were harder to come by in April as private-sector hiring ebbed, more evidence that the labor m...

No Macro Spring

Max Fraad Wolff | Posted 08.07.2011 | Business
Max Fraad Wolff

May was a very weak month for jobs. Nonfarm payrolls increased by less than 25 percent of the recent rate with 54,000 net new jobs created and an unem...

U.S. Stress Falls To Lowest Level In Years

Mike Schneider and Martin Crutsinger | Posted 08.07.2011 | Business

(AP) - The nation's economic stress fell to a two-year low in April, thanks to the strongest private-sector hiring in five years and a dip in bankrupt...

Fannie, Freddie Completing Fewer Mortgage Modifications

Posted 08.07.2011 | Business

WASHINGTON - The number of loan modifications and mortgage repayment plans completed by Fannie Mae and Freddie Mac declined in the first quarter o...

Ten Years Later, the Bush Tax Cuts Remain Unfair, Ineffective, and Expensive

Andrew Fieldhouse | Posted 08.06.2011 | Politics
Andrew Fieldhouse

It's time to apply the lessons of the Bush-era tax cuts to public policy; the opportunity cost of the cuts simply remains too high, particularly if the social contract of the last 80 years is further breached in return for more tax cuts for the privileged.

Usually The Reason For Growth, States, Localities Stagnate

PAUL WISEMAN | Posted 08.06.2011 | Business

WASHINGTON (AP) — In a healthy recovery, states and localities produce jobs, expand social services and help fuel the nation's economic growth. T...

How Great Recession Could Still Turn Into Great Depression

The New Republic | Dean Baker | Posted 08.06.2011 | Business

When the financial system was on the edge of melting down back in the fall of 2008, there was much talk in the punditocracy of a second Great Depressi...

Market Stalls But No Panic Signs Yet

Reuters | Rodrigo Campos | Posted 08.05.2011 | Business

NEW YORK (Reuters) - More bad days may be in store for stocks in coming weeks, but investors aren't pressing the panic button. Not yet. With we...

Primary Cause Of Foreclosure Now Unemployment

nytimes.com | ANDREW MARTIN | Posted 08.05.2011 | Business

The Obama administration's main program to keep distressed homeowners from falling into foreclosure has been aimed at those who took out subprime loan...