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Great Recession

One Group Lost More Than Half Of What They Had During The Recession

The Huffington Post | Alexander Eichler | Posted 06.19.2012 | Business

Are you in your late thirties or early forties? Our condolences, then. The recession was probably especially horrible for you. Households aged 35 t...

Not everyone has fair chance at success

Rev. Jesse Jackson | Posted 08.19.2012 | Black Voices
Rev. Jesse Jackson

In a One Big Tent America, everyone deserves a fair chance to succeed. We shouldn't trade in the legacy of the New Deal and Fair Deal for a Raw Deal....

Corporate Primacy Causes People Poverty

Leo W. Gerard | Posted 08.18.2012 | Politics
Leo W. Gerard

Do Americans want a government of the people by the people for the people? Or do Americans want a government of the corporations by the corporations for the corporations, one dedicated to the proposition that the rich are better than everyone else?

In Recession Aftermath, Americans Hang On To What's Left

AP | ADAM GELLER | Posted 08.16.2012 | Business

Looking back, the financial lives many Americans enjoyed until just a few years ago can seem like a mirage. On a suburban cul-de-sac northwest of Atl...

Wow... Just Wow: The Depth of the Hole

Jared Bernstein | Posted 08.12.2012 | Business
Jared Bernstein

2012-06-12-Screenshot20120612at4.02.11PM.jpgWe're talking two decades of gains in real median net worth, gone.

Lucas Kavner

How Much Do The Arts Really Inject Into Local Economies?

HuffingtonPost.com | Lucas Kavner | Posted 06.12.2012 | Home

The nonprofit arts and culture industry injects billions of dollars into local economies, according to a new report from Americans for the Arts, thoug...

GM CEO Dan Akerson Says Political Compromise Key To Stopping Next Recession

AP | TOM KRISHER | Posted 08.12.2012 | Detroit

DETROIT — General Motors is making progress in restructuring its money-losing European operations and holding constructive talks with German lab...

'Arts & Economic Prosperity IV' Proves That the Arts Industry Is Resilient, Even in a Down Economy

Robert L. Lynch | Posted 08.12.2012 | Arts
Robert L. Lynch

The point of the arts is obviously not to create jobs; the point is to help us communicate in new ways about what it is like to be human. But isn't it great to know that the arts are also a robust industry hat helps fuel America's economy?

Emerging Risks in Asia

Daniel Wagner | Posted 08.10.2012 | Business
Daniel Wagner

Some economists believe that Asia is largely insulated from the ongoing economic crisis in Europe and North America. However, there are a number of trends and associated risks emerging in Asia at the present time that fundamentally challenge this assumption.

Summer Giving This Group An Employment Boost

AP | Posted 06.04.2012 | Business

CHICAGO -- At least one age group apparently is faring better in the weak job market: teenagers. Summer employment for teens is off to its strongest ...

It Ain't Rocket Surgery: The Skewed Incentives and Dangerous Consequences of High-Frequency Trading

Dave Lauer | Posted 08.01.2012 | Business
Dave Lauer

I began to fear that I was spending too much of my life's stress budget on something that quite honestly, was helping to wreak tremendous economic havoc. Ultimately I decided to walk away from an extremely lucrative profession.

Graduation: The Loneliest Day

Sophie Egan | Posted 06.01.2012 | College
Sophie Egan

It's supposed to be like your wedding day or the birth of a child: blissful. Life affirming. There are flags and robes and sashes, hugs and cheers and high-fives, the band playing its jubilant heart out. But I have never felt less like celebrating.

A New "American System"

Fred Bauer | Posted 07.31.2012 | Politics
Fred Bauer

The "American System" has the following insight: The American economy cannot flourish over the long term with merely the financial and resource extraction sectors. American prosperity was built upon the nurturing of human capital.

'I Want To Work Until 70, If I Could'

Reuters | Posted 07.30.2012 | Business

(Corrects spelling of productivity expert's surname to Lonergan from Lonergen) By Lucia Mutikani WASHINGTON, May 31 (Re...

Why Record Numbers Of Post 50s Are Postponing Retirement

Posted 05.30.2012 | Fifty

Baby boomers have challenged notions of middle age -- now they’re redefining traditional retirement, too. Or should we say, postponing it entirely. ...

Credit Unions Are Easily Forgiven -- Banks, Not So Much

Credit.com | Posted 07.17.2012 | Home
Credit.com

The Temkin Group, a business that consults on and researches customer experiences, has done a new survey of 10,000 consumers to determine which businesses customers are most and least likely to forgive.

While JPMorgan Chase Loses Its Lunch, Some Janitors in Their Building Can Barely Pay for Theirs

Jose Suarez | Posted 07.17.2012 | Miami
Jose Suarez

While Jamie Dimon was preparing an explanation to his shareholders, the janitors that clean the financial offices owned by JPMorgan Chase in downtown Miami were wondering if they could just get paid what they are owed.

Wall Street: An Unmitigated Culture of Risk

Ian I. Mitroff | Posted 07.16.2012 | Politics
Ian I. Mitroff

The main cause of the Great Financial Crisis was not merely financial. It was also cultural. The financial system needs to move from a culture of selfishness and narcissism to a culture of trust.

Africa and the Great Recession: Changing Times

Antoinette Sayeh | Posted 07.15.2012 | Business
Antoinette Sayeh

In previous global downturns, sub-Saharan Africa has usually been badly affected -- but not this time around. But in sub-Saharan Africa, growth for the region as a whole has remained reasonably strong.

Unemployment: Why

Alan Grayson | Posted 07.16.2012 | Politics
Alan Grayson

Why is this recession different from all other recessions? There is a simple answer: the austerity fetish. The bizarre notion that cutting is healing.

Many Foreclosure Victims Making Speedy Return To Homeownership

Reuters | Posted 07.16.2012 | Business

By Jilian Mincer NEW YORK, May 16 (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage an...

Romney vs. Obama

Joe Peyronnin | Posted 07.15.2012 | Politics
Joe Peyronnin

For the next six months Americans will experience the most expensive, thanks to Citizens United, and most negative presidential campaign ever waged in this country. No doubt, many will think this is not just bad politics, this is morally wrong. But nothing will stop it.

Romney Debt Talk Debunked

AP | TOM RAUM | Posted 07.15.2012 | Politics

WASHINGTON (AP) — When Republican presidential hopeful Mitt Romney decried the "prairie fire" of U.S. debt Tuesday, he ignored some of the sparks th...

Krugman's Macroeconomic Rants

Laurence J. Kotlikoff | Posted 07.14.2012 | Politics
Laurence J. Kotlikoff

Let's coordinate a mass rehiring of workers on a voluntary basis by asking all large and medium-sized employers to increase their employment by 5 percent.

Wall Street's Arrogance Led To Financial Collapse, Documents Show

Bloomberg View | William D. Cohan | Posted 05.07.2012 | Business

Bloomberg View: If one wants to understand the full complicity of Wall Street in the Great Recession, look no further than the voluminous package...