It has been shocking and bewildering to watch the behavior of some of the top banking CEOs in recent months, punctuated by the appearance of four of these executives before Congress last month.
Even though many economists say the Great Recession ended over the summer, you'd never know it by the millions of Americans still struggling to find w...
In 64 years, the typical American household went from having $5,000 in the bank to possessing four credit cards, $8,500 in credit card debt, and nearly $120,000 in total personal debt.
What is left out of the description of his theory in regards to counter-cyclical fiscal policy, is that Keynes also believed that in times of relative prosperity sovereigns should create budget surpluses.
A new report by the Pew Center on the States shows Illinois facing the largest unfunded pension liability in the country.
Nationwide, 84 percent of p...
Buying a five year naked CDS is like buying life insurance on a stranger. It is not legal for individuals and should be treated similarly for companies.
As Elizabeth Warren, a good Methodist, warns: The banks are trying everything they can think of to kill financial reform. And we must not let them do that.
Bloomberg's proposed solutions to the budget problem will be devastating to a city where the official unemployment rate is over 11% and every family, except perhaps his, is affected.
Our national response to the current crisis depends on having strong state partners at the table. We may have reached the backside of the Great Recession but the state fiscal crisis still lies ahead.
By Zach Carter, Media Consortium Blogger Progressives have waited a year for President Barack Obama to roll up his sleeves and fight for serious finan...
The country wants their leaders focusing on what is their number one concern -- their ability to make a living and provide for their families in a time of economic transformation.
I am writing a novel. It is about the next Great Recession that will occur in this decade. The book's subtext will cite the next Great Real Estate Bub...
The issue and candidate-driven focus of independent voters allows them to be pragmatic and flexible. But lacking a firm political ideology, it can also cause them to appear fickle, gullible, and impatient.
Bill Clinton saw it clearly when he was running for President against Bush I. It became his mantra: "It's the economy, stupid."
Clinton wanted to ref...
The gift this country needs most this holiday season is an economy built on a solid foundation, one that will provide middle class, family-supporting jobs now and into the future.
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers ...
Here is a quick everyman's guide to economic statistics. Making sense of the figures demands a large measure of skepticism and an eye for misrepresentation and forgery.
In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.
The decade of Civil Rights, the women's movement, the environmental movement, and JFK turns 50 this year. That same decade was also the era of Woodsto...