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Great Recession

Greed Explains the Disasters and the Lying Afterwards

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

Middle class workers are the ones who die in coal mines and on oil rigs. Afterwards, CEOs say anything to save the bottom line -- the one that will determine their bonuses.

The Index of Life

Patrick Takahashi | Posted 05.25.2011 | Green
Patrick Takahashi

I'm beginning to be influenced by some of my doomsday colleagues who are frighteningly convincing that the combination of Peak Oil and Global Warming means that life will only get worse.

Great or Grateful?

Chip Conley | Posted 11.17.2011 | Healthy Living
Chip Conley

There's a growing body of research that shows it is not happiness that makes us grateful, but it's gratefulness that makes us happy.

Laura Bassett

Middle Class No More: New Jersey Family Scrapes By On Half Its Former Income | Laura Bassett | Posted 05.25.2011 | Impact

As part of our Bearing Witness 2.0 project, the Huffington Post is rounding up local stories of formerly middle-class families who are now struggling ...

Shahien Nasiripour

Great Recession Not Over Yet, Though Data Suggests Expansion (CHARTS) | Shahien Nasiripour | Posted 05.25.2011 | Business

Put the champagne back on ice -- the Great Recession ain't over yet. The committee that decides such matters, the Business Cycle Dating Committee o...

Shahien Nasiripour

Bernanke Warns Congress Not To Cut Spending, Cautions About 'Fragile' Recovery | Shahien Nasiripour | Posted 05.25.2011 | Business

While the conventional wisdom in Washington appears to focus largely on the need to lower the federal government's budget deficit, rather than on redu...

Albany's Budget "Cuts" Will Cost New Yorkers Serious Money

Diane Louard-Michel | Posted 05.25.2011 | New York
Diane Louard-Michel

Whenever a budget battle happens, safety net services come under the gun. Albany should take a close look at innovative programs that provide needed services while offsetting spiraling expenditures in other areas.

Credit-Card Borrowing Is Hurting Small Businesses

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Once upon a time loans from friends and family ranked as the most prevalent way for entrepreneurs to fund business start-ups. Now, credit cards have jumped to the top of the list.

LA's Latest and Most Severe Fiscal Crisis Long in the Making

Charles Feldman | Posted 05.25.2011 | Los Angeles
Charles Feldman

Somehow, it seems fitting. A city that owes its existence to water and power is being brought to its knees by none other than its very own Department of Water and Power.

Shahien Nasiripour

Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS) | Shahien Nasiripour | Posted 05.25.2011 | Business

More than three million Americans have been out of work for at least a year, according to a new analysis of unemployment data. That represents 23 per...

Shahien Nasiripour

Which Industries Lost/Gained Jobs In The Great Recession (CHARTS) | Shahien Nasiripour | Posted 05.25.2011 | Business

The nascent upturn in the economy has economists cheering the end of the Great Recession, but the return of more than eight million lost jobs will tak...

Shahien Nasiripour

Number Of Long-Term Unemployed Continues To Rise, Sets Another All-Time High | Shahien Nasiripour | Posted 05.25.2011 | Business

While the increase in jobs over the past month provides hope that the economy's nascent recovery will continue to blossom, one troubling trend in Frid...

Private Sector Job Growth Drives March Employment Numbers

Rep. Carolyn Maloney | Posted 05.25.2011 | New York
Rep. Carolyn Maloney

While the latest jobs report doesn't merit high-fives or fits of bragging, it's quite a bit better than what we've been handed each month over the past two years.

Obama Should Channel Roosevelt To Battle Wall Street

Washington Post | Simon Johnson and James Kwak | Posted 05.25.2011 | Business

In the spring of 2009, Obama and his senior advisers did not seem terribly troubled by the dangerous concentration of power, wealth and hubris on Wall...

U.S. Recession Breeds Escalating Violent Crime

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The Wall Street Journal reports that violent crime is down in the big cities in the U.S., saying this breaks the pattern between economic downturns and an increase in crime. It's more likely that the public is being lied to in a profound way.

Child Care Cuts Force Parents Back on Welfare

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Poor and already vulnerable mothers and children are being hard hit by budget cuts to child care assistance, leaving working parents without child-care help, making them lose their jobs, and forcing them back onto welfare.

Shahien Nasiripour

Another Monthly Drop In Lending By Biggest Bailed-Out Banks | Shahien Nasiripour | Posted 05.25.2011 | Business

The biggest recipients of taxpayer bailouts cut lending again, at a rate twice that of smaller lenders, new federal data show. The nation's biggest...

Shahien Nasiripour

Fed Boosts Projections For Recovery, Though Substantial Pitfalls Remain | Shahien Nasiripour | Posted 05.25.2011 | Business

The nascent economy recovery taking shape from February to April boosted top policymakers' projections for the year, causing them to increase their ou...

Shahien Nasiripour

Top Fed Official Offers Dire Forecast, Says Economy Will Suffer For Years | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Federal Reserve official warned Tuesday that one consequence of the Great Recession will be a "new normal" in which Americans have lower expecta...

Sovereign Debt Crisis Now Threatens the U.S. Economy

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

The massive increase in public debt in virtually every advanced economy has now given rise to the next phase of the global economic crisis.

Unemployment To Stay High In 2010

Daily Finance | Bruce Kennedy | Posted 05.25.2011 | Business

U.S. Treasury Secretary Timothy Geithner and other top economic officials in the Obama administration say that, while they expect some improvement thi...

Obama's Possible November Surprise

Fernando Espuelas | Posted 05.25.2011 | Politics
Fernando Espuelas

As we head into the November mid-terms, Republicans seem poised for significant gains. But the increasingly positive economic picture could alter this dynamic.

To Balance California's Budget, Share the Burden

Judy Patrick | Posted 05.25.2011 | Los Angeles
Judy Patrick

Women became increasingly vulnerable to job loss as the recession wore on. From 2006-2009, the unemployment rate for California's women doubled from 5 percent to 10 percent.

A House Divided

Stephen Herrington | Posted 05.25.2011 | Business
Stephen Herrington

We have sunk too far and can't afford to open the spigots wider without recreating the same over leveraging problems that created the Great Recession.

Weekly Audit: Wall Street Goes to the Movies

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the U.S. Senate rejected a plan that would have broken up the nation's six largest banks firms in...