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Great Recession

Down Is a Dangerous Direction

Barbara Garson | Posted 06.09.2013 | Business
Barbara Garson

If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security, and hope -- a Long Recession of their own.

Hopeless: Unemployed Americans Drop Out Of Labor Force

AP | PAUL WISEMAN and JESSE WASHINGTON | Posted 04.07.2013 | Business

WASHINGTON -- After a full year of fruitless job hunting, Natasha Baebler just gave up. She'd already abandoned hope of getting work in her field, wo...

Three Times The Population Of The U.S. Is At Risk Of Falling Into Poverty

The Huffington Post | Harry Bradford | Posted 04.05.2013 | Business

Hundreds of millions of people worldwide are on the brink of poverty. A recent study by the International Monetary Fund warns that as many as 900 m...

Why Are Liberals Falling Down the Rabbit Hole?

Michelle Kraus | Posted 06.03.2013 | Politics
Michelle Kraus

Why are liberals falling down the rabbit hole? Oh woe is me, bemoan liberals far and wide across this country. The president is not doing this or that...

Iraq, the GOP and the Lesson of 1933

Steven Conn | Posted 05.28.2013 | Politics
Steven Conn

The take-over of the GOP by dangerous extremists has taken place in plain sight and has been abetted by a public discourse which rarely calls this extremism what it is. Instead, we keeps insisting that there must be two, equal sides to every question.

Great Recession Creates 'The New Homeless'

The American Prospect | Posted 03.27.2013 | Politics

In the Denver suburbs, as in much of the U.S., the Great Recession turned formerly stable families into the new homeless—and left many living in bud...

The New Washington Economics

P. Gary Wyckoff | Posted 05.21.2013 | Politics
P. Gary Wyckoff

For every dollar we reduce the deficit this year, we sacrifice about two dollars and twenty cents in GDP. The cuts will also result in the loss of 750,000 jobs. So why are we doing this again?

O'Donnell Thinks Krugman Is 'A Lonely Voice Opposing Austerity' Because He Listens to MSNBC

William K. Black | Posted 05.19.2013 | Business
William K. Black

It is very harmful to the nation that MSNBC has led people to believe that there is only one, presumably hopelessly weird, economist in the world who opposes austerity as a response to the Great Recession.

Do Life's Turning Points Make a Difference?

Gini Graham Scott | Posted 05.13.2013 | Impact
Gini Graham Scott

Think back to your own life. Are there experiences that stand out as critical turning points for you; incidents you think of as life-changing incidents? Then, taking those incidents, consider what might have been if they didn't happen?

Let's Bring Back American Jobs

Harlan Green | Posted 05.12.2013 | Business
Harlan Green

It turns out taking away the voice of American employees is really taking away democracy for the majority of Americans, something that cannot be tolerated if America is to remain a prosperous democracy.

Don't Cut, Invest! Why the Obama Administration Should Support a Federal Job Guarantee Program

Alan A. Aja | Posted 05.12.2013 | Black Voices
Alan A. Aja

The Obama administration should ignore the irresponsible narrative of austerity-economics. The president holds the mandate, given overwhelming support from the African Americans and Latinos during re-election bid, to combat persistent unemployment in these communities.

Fish McBites Can't Stop McDonald's Slide

AP | CANDICE CHOI | Posted 03.08.2013 | Business

NEW YORK -- McDonald's new Fish McBites failed to hook enough diners to get the fast-food chain's U.S. sales growing in February. The world's biggest...

9 Indicators Showing Wall Street Is Out Of Touch With Reality

The Huffington Post | Jillian Berman | Posted 03.06.2013 | Business

The Dow Jones Industrial Average hit a record high Tuesday and as The Huffington Post's Mark Gongloff will tell you, it doesn't really matter. That's ...

Eleazar David Melendez

Jamie Dimon Rewrites History

HuffingtonPost.com | Eleazar David Melendez | Posted 03.01.2013 | Business

Jamie Dimon now claims that he and his bank, JPMorgan Chase, labored to prevent the 2008 collapse of Lehman Brothers, according to documents filed in ...

Homes For All? That's Our Goal

Bobbie Ibarra | Posted 05.01.2013 | Impact
Bobbie Ibarra

We all know that times are hard. But we also know that even before the Great Recession, the number of people who had no residence was high. So why do so many people in the United States have no homes? And what can we do about it?

The Hoax of Conflict

Frances Causey | Posted 04.30.2013 | Politics
Frances Causey

Both parties shamelessly support multi-national corporations and financial elites at the exclusion of everything and everyone else.

Getting the Long-Term Unemployed Back to Work: Good for Workers, Good for America

The National Transitional Jobs Network | Posted 04.24.2013 | Impact
The National Transitional Jobs Network

2012-11-13-jrlogo300x60.gifIt is both a moral and an economic imperative that we aggressively tackle long-term unemployment. We must implement bold programs that simultaneously provide employment to millions and prepare the nation to succeed in the future.

The Sequester Dilemma--How Much Is Too Much Austerity?

Harlan Green | Posted 04.24.2013 | Business
Harlan Green

Come March 1, we will begin to see how much damage the sequester agreement causes. A recent CNBC column by Larry Kudlow illustrates both the misconceptions and reason for the gridlock on avoiding across-the-board spending cuts of some $85 Billion to the federal budget.

This Group Of Americans Is Steering Clear Of Debt

Reuters | Posted 04.24.2013 | Business

By Heather Struck NEW YORK, Feb 21 (Reuters) - The recession had a strong impact on young Americans who saw the credit crisis up close...

State of the Union -- Why So Few New Jobs?

Harlan Green | Posted 04.17.2013 | Business
Harlan Green

The problem is how to create enough new jobs to generate more demand for goods and services. And only government is in a position to do that at present. Nothing else will generate the growth we need.

The Numbers Never Lie

Frances Causey | Posted 04.06.2013 | Business
Frances Causey

Profits are not the problem. Blind, relentless pursuit of them at any cost by any business large or small is.

Read My Lips: Yes, New Taxes

Leo W. Gerard | Posted 03.30.2013 | Politics
Leo W. Gerard

To equitably reduce the deficit in a way that maintains good faith with the American people requires tax increases. Yes, new taxes are necessary. Especially those focused on the speculators who caused the crash.

S&P Hits 1,500 For First Time Since Recession

AP | Posted 03.27.2013 | Business

NEW YORK (AP) — The Standard & Poor's 500 index closed above 1,500 on Friday for the first time since the start of the Great Recession in 2007, ...

A New Solution to the Economic Recovery Dilemma

Brooklyn Workforce Innovations | Posted 03.26.2013 | Impact
Brooklyn Workforce Innovations

2012-11-13-jrlogo300x60.gif A college education has become an expensive commodity nearly inaccessible to many young adults who grew up in some of our most disinvested-in communities and school districts. One important, underutilized answer: employer-customized training.

The Shame of Being Broke: Going, Going, Nearly Gone

Nicholas Carroll | Posted 03.25.2013 | Business
Nicholas Carroll

2012 was the year when people started freely telling casual friends they were broke -- or living in their car. It was the year that contract-thumping moralists lost their voice. It was the year that sleeping on a friend's couch became acceptable and accepted.