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Great Recession

3 Words I Wish Big Finance Would Learn

Dr. Jim Taylor | Posted 05.25.2011 | Business
Dr. Jim Taylor

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.

Long-Term Joblessness 'Off the Charts,'

CBS News | Posted 05.25.2011 | Business

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...

Guest Blog: The American Dream -- Get Over It!

Giles Slade | Posted 11.17.2011 | Healthy Living
Giles Slade

If you haven't noticed, the job market has changed. So why haven't you?

Advertising, the Great Recession and the Degradation of American Values

Jake Whitney | Posted 05.25.2011 | Business
Jake Whitney

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.

Keynesian Economics Dissected: Deficits and John Maynard Keynes

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

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.

Illinois' Pension Liability Worst In Nation, Could Sink State Economy

Posted 05.25.2011 | Chicago

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...

Defusing "Financial Weapons of Mass Destruction"

Jason Paez | Posted 05.25.2011 | Business
Jason Paez

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.

Elizabeth Warren and Goliath

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

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.

The Great Recession: Will Construction Workers Survive?

TIME | Posted 05.25.2011 | Business

The middle and working-classes have been hammered by the Great Recession and no industry has taken it more on the chin than construction. ...

Drop in jobless rate points to modest improvement

AP | JEANNINE AVERSA and CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — The job market is lurching toward improvement. It just has a long way to go. The outlook for jobs became a bit less bleak Friday w...

Bloomberg, Paterson, and Obama "Cut, Cut, Cut"

Alan Singer | Posted 05.25.2011 | New York
Alan Singer

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.

The States of the Union

David Adkins | Posted 05.25.2011 | Politics
David Adkins

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.

The State of the Union: Unfinished Business

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Rather than the inspiring rhetoric of a campaign speech, Obama's State of the Union address was a more sober reflection on unfinished business.

Weekly Audit: Just Who is Obama fighting for?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

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...

Keeping the Focus on the Struggle of Everyday People: 2010 Edition

Simon Rosenberg | Posted 05.25.2011 | Politics
Simon Rosenberg

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.

The Next Great Recession Will Occur in This Decade

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

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...

What are Independents Thinking?

Dr. Jim Taylor | Posted 05.25.2011 | Politics
Dr. Jim Taylor

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.

The Message of Massachusetts: Jobs

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

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...

Keeping the Mancession in Perspective

Philip N. Cohen | Posted 05.25.2011 | Business
Philip N. Cohen

The new Census report shows a change, but not a sea change, in the gender-and-family employment picture.

The Gift America Needs Most: Manufacturing

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

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 Predict Job Losses Will Stop In Early 2010

AP | EMILY FREDRIX | Posted 05.25.2011 | Business

Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers ...

Lies, Statistics and Economic Statistics

Michael Brenner | Posted 05.25.2011 | Business
Michael Brenner

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.

Wiping Blood Off White Buck Shoes

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

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.

Artists Brighten Empty Storefronts During Gloomy Recession

nytimes.com | Diane Cardwell | Posted 05.25.2011 | New York

At the end of a dark passageway at the Port Authority Bus Terminal, almost 50 artworks have suddenly parked in a bright, spare gallery. ...

Share Your Sixties Memories

Posted 05.25.2011 | Politics

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...