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Great Recession

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.

Paul Krugman: Blame The 'Policy Elite'

New York Times | Paul Krugman | Posted 07.09.2011 | Business

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public dem...

CEO Pay Now Exceeds Pre-Recession Levels

AP | By RACHEL BECK | Posted 07.06.2011 | Business

NEW YORK -- In the boardroom, it's as if the Great Recession never happened. CEOs at the nation's largest companies were paid better last year than t...

El-Erian: 'Sleepwalking On America's Unemployment Crisis'

Project Syndicate | Mohamed A. El-Erian | Posted 07.02.2011 | Business

The issue is the scope and composition of unemployment in America – a problem that is yet to be sufficiently recognized for its increasingly detrime...

Paul Krugman On How 'Greed Trumps Gay Rights'

The New York Times | Paul Krugman | Posted 07.02.2011 | Business

Last year the G.O.P. pulled off two spectacular examples of bait-and-switch campaigning. Medicare, where the same people who screamed about death pane...

10 Countries Where Unemployment Has Soared

The Huffington Post | Harry Bradford | Posted 06.30.2011 | Business

Since the financial crisis first pulled the world into the Great Recession, unemployment has become a global problem. A new report released by the...

Janell Ross

For Black Unemployed, Education and Effort May Not Matter

HuffingtonPost.com | Janell Ross | Posted 07.21.2011 | Business

CHARLOTTE, N.C. -- In the decade leading up to the Great Recession, Wanda Nolan grew accustomed to steady progress. From an entry-level job as ...

Lila Shapiro

Trading Down: Taking A Pay Cut After A Layoff -- HuffPost Readers' Stories

HuffingtonPost.com | Lila Shapiro | Posted 06.21.2011 | Business

On Tuesday, The Huffington Post published a story documenting a disturbing post-recession trend: for many unemployed workers, finding a new job can me...

US Museum Budgets Slashed, Despite Improved Attendance

AP | BRETT ZONGKER | Posted 06.19.2011 | Arts

WASHINGTON -- After the Great Recession swept through, the Delaware Art Museum had laid off half its staff, cut salaries and lost crucial support from...

Ex-Obama Adviser: Action Needed To Avoid 'Permanently' Damaging Job Market

The New York Times | CHRISTINA D. ROMER | Posted 06.11.2011 | Business

IT takes a while to match people with jobs, so even in normal times the unemployment rate is never zero. Before the recent recession, in the view of m...

Unemployed 99er Population Rises Dramatically by 127,000. The "Real" Long-term Unemployment Report

Michael Thornton | Posted 06.07.2011 | Business
Michael Thornton

The March Employment Report showed some job gains, but not nearly enough jobs were created to put a dent in the long-term unemployment problem.