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Great Recession

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 ...

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...