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Great Recession

A Chance to Get Some Answers for Chicago

Rev. Jesse Jackson | Posted 05.25.2011 | Chicago
Rev. Jesse Jackson

Chicago is in trouble. The Great Recession has devastated working and poor families, while worsening already severe racial disparities. So we challenge the mayoral candidates: Give us a debate worthy of a great city in trouble.

UBS Posts First Annual Profit Since 2006

AP | JOHN HEILPRIN | Posted 05.25.2011 | Business

GENEVA — Swiss bank UBS AG on Tuesday posted its first annual profit since the global financial crisis erupted, despite softer-than-expected fou...

Republican Spending Cap Would Have Caused Depression if it Were Law in 2009

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

As the events of the last two years should have made clear to everyone, the reasonable-sounding Republican spending proposal is actually a prescription for economic suicide.

Lila Shapiro

Missing Workers: 4.9 Million Out Of Work And Forgotten

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

Over the last three years, nearly 5 million U.S. workers have effectively gone missing. You won't find their photos on the backs of milk cartons. ...

The Next Global Banking Crisis Is 3 Years Away, Firm Says

The Atlantic | Derek Thompson | Posted 05.25.2011 | Business

Let's start in 2011. The world is in a three-speed recovery, with Europe at the bottom, the U.S. in the middle, and Asia growing between 6 and 10 perc...

Peter S. Goodman

Goldman's Cynical Assurances Notwithstanding, The Decade is Lost Already

HuffingtonPost.com | Peter S. Goodman | Posted 05.25.2011 | Business

Step back from the ledge, America. Scotch the gloomy talk of a Japan-style Lost Decade -- Goldman Sachs says we're alright. Except that Goldman's dismissal of Lost Decade fears is brazenly self-serving. We are very much lost, and have been for decades. And we will remain so for as long as influential people pay attention to the cynical assurances of Goldman, which has mastered the art of digging us deeper into a hole, all the while selling us the shovels.

Tough Loving the New York Times -- Who's Poorer, Elders or Youth?

Paul Kleyman | Posted 05.25.2011 | Media
Paul Kleyman

Last Saturday the usually astute columnist Charles M. Blow showed even humane writers can experience statistical snow blindness at times.

Underwater Homeowners Unable to Swim to Warmer Waters?

Dr. Stan Humphries | Posted 05.25.2011 | Business
Dr. Stan Humphries

The idea that negative equity impacts labor mobility is a notion that has likely occurred to anybody who's thought about the matter for more than a couple minutes.

How A New Jobless Era Will Transform America

The Atlantic | Don Peck | Posted 05.25.2011 | Business

HOW SHOULD WE characterize the economic period we have now entered? After nearly two brutal years, the Great Recession appears to be over, at least te...

Lila Shapiro

Consumer Spending Rises, But Will Hiring Improve?

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

U.S. consumer spending rose in December for the sixth straight month -- a sign of an improving economy, but still short of the rate of growth needed f...

How Income Inequality Helped Spark the Great Recession

Jake Whitney | Posted 05.25.2011 | Politics
Jake Whitney

Governmental policies over the past three decades have resulted in an indebted middle class. Yet a healthy society depends upon a large and vibrant one. Why aren't Americans more alarmed?

Gretchen Morgenson: In Bank Crisis Report, a Whodunit With Laughs and Tears

nytimes.com | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

TRULY startling revelations were few in the voluminous report, published last Thursday by the Financial Crisis Inquiry Commission on the origins of th...

Horrible Lessons of the Great Recession Remind Us How Much More Needs to Be Done

Lisa Madigan | Posted 05.25.2011 | Chicago
Lisa Madigan

The release of the Financial Crisis Inquiry Commission's final report confirms what some of us have been shouting for the past several years: It did not have to happen, and it must not happen again.

Lila Shapiro

Economic Growth Still Not Good Enough To Dent Jobs Crisis

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

The American economy sped up in the last three months of 2010, but economic growth is still dramatically short of where it needs to be to make a signi...

The State of Brick City

Marc Levin | Posted 05.25.2011 | Politics
Marc Levin

We're at war -- not just in Afghanistan and Iraq -- but right here on the home front, where the battle plays out at the local level across America.

GOP Austerity Plan Is an Assault on Blacks and Latinos

David A. Love | Posted 05.25.2011 | Politics
David A. Love

It is a tale of two cities in early twenty-first century America. This new wave of austerity is a con game, and it's racist too.

Letters from Victims of the Great Recession

Michael Thornton | Posted 05.25.2011 | Impact
Michael Thornton

Letters from those affected by a tragedy often have more impact than simply discussing the facts and data. That's the case with the tragic consequences of long-term unemployment.

Three Strategies for Broke States

Tom Vander Ark | Posted 05.25.2011 | Education
Tom Vander Ark

America's history of local control makes it difficult for state leaders to orchestrate cost savings other than across the board cuts. However, states have quietly taken control of standards, assessments, data, and increasingly school finance.

When There's No Clock to Punch: Writer-Director John Wells on The Company Men

Dan Lybarger | Posted 05.25.2011 | Entertainment
Dan Lybarger

For a film that deals with misfortune and a cast that includes four Oscar-winners -- Ben Affleck, Tommy Lee Jones, Chris Cooper and Kevin Costner -- John Wells has a surprising amount of luck.

Bruce Bartlett: The Looming Federal Budget Train Wreck

The Fiscal Times | Bruce Bartlett | Posted 05.25.2011 | Business

Many economists believe that the Great Recession resulted from a "perfect storm" of various factors that were not too serious individually, but when c...

High Unemployment Means Workers Are Losing Power

nytimes.com | David Leonhardt | Posted 05.25.2011 | Business

For corporate America, the Great Recession is over. For the American work force, it's not. Unfortunately, fixing the job market will take years. Ev...

When Obama Meets Hu: "Normalizing" Sino-American Relationship?

Leon T. Hadar | Posted 05.25.2011 | World
Leon T. Hadar

Each leader needs to come out of the summit able to demonstrate to an anxious public that the relationship between the two countries is advancing the nation's economic interests.

Shahien Nasiripour

Obama's Economic Policy Architect Says Job Growth Around The Corner; Unemployment Above 9 Percent For 20 Months

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Two years into the Obama administration the architect of the president's economic policy remains resolute that, if the nation simply waits, job growth...

Higher Education Legislative Priorities: An Open Letter to Newly Elected Representatives and Senators

David J. Skorton | Posted 05.25.2011 | College
David J. Skorton

Why would we educate children at public expense from kindergarten through high school and then deny them the ability to pursue higher education? I offer for your consideration a few suggestions for legislation.

Be Warned: What 2011 Means for Filmmakers

Jeff Steele | Posted 05.25.2011 | Entertainment
Jeff Steele

The national debt 'n' deficit crisis is a financial maelstrom of unimaginable size and severity. For producers, this can be a valuable guide for deciding where to shoot your films.