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Great Recession

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...

The Climate Post: Record-Breaking Greenhouse Gas Emissions, but Carbon Market Failing

Mason Inman | Posted 08.03.2011 | Green
Mason Inman

Emissions dropped in 2009, but research now shows they rebounded quickly in 2010, setting a new all-time record. Economist Nicholas Stern said emissions are "now close to being back on a 'business as usual' path."

Recent Jobs Gains Could Be 'Turning Point' For State Budget Crises

CHRISTOPHER S. RUGABER | Posted 08.02.2011 | Business

WASHINGTON (AP) -- The best hiring stretch in five years is helping governors and legislators narrow state budget gaps after two of the toughest years...

Lila Shapiro

Latest Home Sale Prices Show Downward Spiral With 'No Relief In Sight'

HuffingtonPost.com | Lila Shapiro | Posted 07.31.2011 | Business

Nearly two years since the recession officially ended, home sale prices in major U.S. cities dropped to their lowest level since the bubble burst in 2...

Public Pools Closing Across Country As Budget Crises Loom

AP | JEFFREY COLLINS | Posted 07.30.2011 | Business

ANDERSON, S.C. — On those summer days when the temperature soars into the 90s and the haze blurs the horizon, city pools across the U.S. have be...

Dave Jamieson

Grocery Store Workers Go On Hunger Strike Over Stagnant Wages

HuffingtonPost.com | Dave Jamieson | Posted 07.28.2011 | Business

All night long, Jose Garcia performs his job while surrounded by food -- a painful bit of irony, he says. The 52-year-old Mexican immigrant works t...

Top Ten Least Stressed States

The Huffington Post | Harry Bradford | Posted 07.25.2011 | Business

In the last three years, when so much has changed, American stress levels have remained surprisingly the same. Gallup recently released the survey...

Education Budget Crisis Set In Motion By Recession Is Far From Over

AP | TERENCE CHEA | Posted 07.25.2011 | Education

STOCKTON, Calif. — The financial crisis hitting many of the nation's public schools is taking a heavy toll in cities such as Stockton, a blue-co...

"Idonomics" and the American Dream

Hoyt Hilsman | Posted 08.08.2011 | Los Angeles
Hoyt Hilsman

Over the past 50 years, the pleasure principle -- the id -- has dominated American society. The result has been "idonomics," in which the id dominates not only the marketplace, but also politics, media, technology and even our personal relationships.

NY AG Wants Mortgage Records From 3 Major Banks

AP | By MICHAEL GORMLEY | Posted 07.18.2011 | Business

ALBANY, N.Y. -- New York Attorney General Eric Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation int...

10 Fastest Growing U.S. Industries

The Huffington Post | Harry Bradford | Posted 07.18.2011 | Business

Over the course of the recession, major companies have failed, entire industries have withered. But at least a few have not only survived, but grown. ...

Maxwell Strachan

What Causes High Unemployment? Blame The Business Cycle, Report Finds

HuffingtonPost.com | Maxwell Strachan | Posted 07.16.2011 | Business

America's current unemployment crisis is predominately the result of a pronounced dip in the business cycle, according to a new paper by economists at...

Are White People Disenfranchised?

Daniel Cubias | Posted 07.14.2011 | Politics
Daniel Cubias

Recently, I received some hate mail from a white supremacist. It's a rare, but not unprecedented occurrence. Her sentiments were ignorant and bizarre...

10 States Where Food Stamp Usage Is Soaring

The Huffington Post | Harry Bradford | Posted 11.08.2012 | Business

Of all the disastrous consequences of the economic crisis, perhaps the most devastating is the idea of even more Americans struggling to feed their fa...

Graduating MBAs Are Ill Equipped to Lead Firms in Uncertain Times

Judith Samuelson | Posted 07.12.2011 | Business
Judith Samuelson

The purpose of finance is to allocate capital efficiently. We'd better ensure the next generation of leaders in finance have learned that efficiency means so much more than a narrow focus on profit maximization.

Lila Shapiro

Foreclosures Fall To 40 Month Low -- Due To Paperwork Delays, Not Recovery

HuffingtonPost.com | Lila Shapiro | Posted 07.12.2011 | Business

Foreclosure activity has fallen to a 40-month low, but not because of any recovery in the housing market, a new report finds. Rather, the slowdown com...

10 Cities Where Home Prices Are Falling The Fastest

The Huffington Post | Harry Bradford | Posted 07.11.2011 | Business

Nearly two years since the Great Recession officially ended, the housing market still shows few signs of picking up. And it could get worse before it ...

Why Obama Should Play the Blame Game -- Like FDR

Curtis Roosevelt | Posted 07.10.2011 | Politics
Curtis Roosevelt

When Roosevelt said, "I see one-third of a nation ill-housed, ill-clad, ill-nourished," Americans knew their president was with them. This attitude was the basis of his rapport with the public, and for his three re-elections.