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Great Recession

The Forgotten Man

Michael A. Hardy | Posted 11.16.2013 | Politics
Michael A. Hardy

The rich are getting richer, while the poor are getting poorer. America will soon have to find its way. This disparity between rich and poor plays out on many levels.

Five Years After Lehman, Recovery for the Majority

Rev. Al Sharpton | Posted 11.16.2013 | Politics
Rev. Al Sharpton

Did we need to save the private sector? Absolutely. But we're nowhere near done saving families who are still suffering from the effects of the financial crisis that they didn't create.

The Wealth Gap: Why Dr. King's Dream Is Unfinished

Preeti Vissa | Posted 11.12.2013 | Politics
Preeti Vissa

Much of the racial wealth gap is a result of deliberate policy choices, both by government and the private sector. And because wealth can be handed down from generation to generation, the effects linger long after discriminatory policies change.

Life After Crisis Isn't So Bad For This Guy

Center for Public Integrity | Lauren Kyger, Alison Fitzgerald and John Dunbar | Posted 09.12.2013 | Business

On March 11, 2008 Christopher Cox, former chairman of the Securities and Exchange Commission, said he was comfortable with the amount of capital that ...

Investors Who Bet Against the Market: Goldman Sachs Trader Convicted

D. Sidney Potter | Posted 09.11.2013 | Business
D. Sidney Potter

Someone once told me that it isn't hitting the pavement after jumping out of a high-rise building that kills you, it's the sudden stop. When I first ...

The Financial Crisis and the Second Great Depression Myth

Dean Baker | Posted 11.09.2013 | Business
Dean Baker

All knowledgeable D.C. types know that the TARP and Fed bailout of Wall Street banks five years ago saved us from a second Great Depression. Like most things known by knowledgeable Washington types, this is not true.

The New American Dream: It's Not What You Think

Adam Levin | Posted 11.06.2013 | Business
Adam Levin

A great number of Americans are redefining the American Dream. That was the takeaway from a recent Credit.com poll, which showed that nearly one in four people between the ages of 18 and 24 defined the American Dream as being debt-free. Shockingly, that's more than those who dream of owning a home.

Martin Luther King Worried About Economic Injustice

Harlan Green | Posted 10.29.2013 | Business
Harlan Green

Martin Luther King said the basis of disparities between the races had as much to do with income inequality as outright racism in his book, Why We Can...

Trimmings for Labor Day

Robert Reich | Posted 10.26.2013 | Business
Robert Reich

The wealth of the Walton family -- which still owns the lion's share of Walmart stock -- now exceeds the wealth of the bottom 40 percent of American families combined.

The Federal Government Didn't Lose the War on Poverty -- It Retreated

Anthony W. Orlando | Posted 10.25.2013 | Politics
Anthony W. Orlando

This historical amnesia is a dangerous mistake. It poisons our hearts with pessimism. It blinds us to the lessons and solutions we need. Most New Yorkers have no idea how prevalent poverty used to be -- or how their predecessors made it go away.

The 10 Most Hated Industries In America

The Huffington Post | Harry Bradford | Posted 08.24.2013 | Business

The U.S. economy may be struggling to recover from the Great Recession, but the reputations of the industries many blame for the collapse aren't havin...

Debt Crisis: National and International (Ki Tavo, Deuteronomy 26:1-29:8)

Rabbi Shmuly Yanklowitz | Posted 10.20.2013 | Religion
Rabbi Shmuly Yanklowitz

Excessive mortgage debt, student loan debt, medical debt and more have placed untenable burdens upon millions. As we learn from our Torah portion, a cursed society is one in which factions are trapped in merciless power dynamics as debtors.

CHART: Long-Term Unemployment Crisis Is Historically Terrible

The Huffington Post | Posted 08.20.2013 | Business

The Great Recession ended in 2009, but Americans across the country are still grappling with its fallout. Nearly 40 percent of America’s unemplo...

How Corporate America Used the Great Recession to Turn Good Jobs Into Bad Ones

Barbara Garson | Posted 10.20.2013 | Business
Barbara Garson

A common explanation is that the bad jobs are coming back first and the good jobs will follow. But let me suggest another explanation: the good jobs are here among us right now -- it's just their wages, their benefits, and the long-term security that have vanished.

9 Facts About Part-Time Workers That Should Freak You Out

The Huffington Post | Posted 08.09.2013 | Business

Politicians like to talk about the middle-class jobs they can and will create, if only given the chance. But thus far this year, it appears few of the...

More Republican Districts Saw Increase In Suburban Poverty: Report

The Huffington Post | Ryan Rainey | Posted 08.08.2013 | Politics

Suburban poverty has increased in more Republican congressional districts than Democratic ones, a new report said. According to a Brookings Instit...

The Story of a Generation: We Are the Unhireables

Anthony W. Orlando | Posted 10.05.2013 | College
Anthony W. Orlando

This is the story of a generation. My generation. We're in our 20s and early 30s. They call us the Millennials. But lately it seems a more accurate name would be the Unhireables.

Arthur Delaney

Unemployment Rate Falls Thanks To Low-Wage Jobs

HuffingtonPost.com | Arthur Delaney | Posted 08.02.2013 | Business

WASHINGTON -- The unemployment rate fell to 7.4 percent as 162,000 more Americans had jobs in July, the U.S. Labor Department announced Friday. Ri...

Dave Jamieson

Working Poor Falling Further Behind

HuffingtonPost.com | Dave Jamieson | Posted 08.01.2013 | Business

If there's an economic recovery going on, Elizabeth Castillo hasn't seen the fruits of it. Castillo, 58, works as a home health aide in El Paso, Te...

Mark Gongloff

Financial Crisis May Have Cost More Than $14 Trillion

HuffingtonPost.com | Mark Gongloff | Posted 07.31.2013 | Business

The financial crisis likely cost at least a year's worth of U.S. economic output, a new Fed study finds. Worse, it's hurting the economy even now and ...

Reversing the Tide That Swamped Small Boats

Leo W. Gerard | Posted 09.28.2013 | Politics
Leo W. Gerard

Republicans lost the White House. They lost an opportunity to control the Senate. They lost seats in the House, though they remain the majority there. Yet it is their plan, from that minority position, to sustain their sink-middle-class-boats economic policies and scuttle all attempts to change course.

Evidence Is In -- Again -- GOP 'Trickledown' Economics a Failure

Robert Creamer | Posted 09.23.2013 | Politics
Robert Creamer

Today the President delivers a major economic address at Knox College in Galesburg, Illinois against a background of a growing consensus among economists throughout the world that the GOP's brand of "trickledown" economics is a complete failure wherever it is tried.

New Normal Growth, Or A New Social Contract

Harlan Green | Posted 09.18.2013 | Business
Harlan Green

It should be obvious. If government size and spending is to shrink as the so-called Austerians and deficit hawks want, then private wealth has to inc...

How The Great Recession Changed America's Youth Forever

AP | MARTHA IRVINE | Posted 07.11.2013 | Business

CHICAGO -- Drew Miller clearly remembers the day his father was laid off. Miller, now 25, was a freshman at an Ohio college, full of hope and ready t...

QE3 Works, So Please Don't Mess With It!

Harlan Green | Posted 09.04.2013 | Business
Harlan Green

Dear Federal Reserve Governors; Please don't mess with QE3 just yet! Not in September, or even December. There are still too many reasons not to be...