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Great Recession

A Year After Debit Reform, Consumers Benefit Even as Banks Cast False Blame

Douglas Kantor | Posted 11.23.2012 | Business
Douglas Kantor

While the average American is making less and the income gap widens, profits in the banking industry are higher than they were pre-recession.

Taking the President Seriously About Citizenship

Peter Levine | Posted 11.19.2012 | Impact
Peter Levine

Communities with more civic engagement in 2006 suffered less from unemployment during and after the Great Recession, even when other possible explanations were factored in. Nonprofit organizations played an important role.

Foreclosure Crisis Hits Descendants Of Coke's Founder

The Huffington Post | Harry Bradford | Posted 09.17.2012 | Business

Not even the founding family of one of America’s most famous brands has been able to escape the effects of the foreclosure crisis. Descendants of...

Massive Drop In Startup Jobs Is 'Like Nothing We Have Seen,' According To New Report

The Huffington Post | Nate C. Hindman | Posted 09.15.2012 | Small Business

The number of jobs created by startup companies in the U.S. is dropping at an alarming rate, according to a new study by the Hudson Institute. The ...

Crisis Cost: $12.8 Trillion And Counting

Mark Gongloff | Posted 11.12.2012 | Business
Mark Gongloff

The 2008 financial crisis cost the U.S. economy at least $12.8 trillion, a new study found -- and that's a "very conservative number," according to th...

This Is Not Your Mother's Medicare: Part 2

Ed Crego, George Muñoz and Frank Islam | Posted 11.07.2012 | Politics
Ed Crego, George Muñoz and Frank Islam

We are confident that good citizens will be willing to put the country's interests first and advocate for and demand a pragmatic and collaborative solution to our Medicare dilemma.

Corporate Bribes May Be On The Rise

Reuters | Posted 11.06.2012 | Business

* Only a few nations cracking down on corporate bribery, watchdog says * Companies may be more tempted to use bribes in recession ...

Labor Day Message: How a Shortened Workweek Could Create Jobs and Stimulate the Economy

Lawrence J. Hanley | Posted 11.04.2012 | Politics
Lawrence J. Hanley

Too often we overlook Labor Day's original purpose -- to celebrate the economic and social contributions of workers, and to remember the extraordinary sacrifices made by union members in their fight for the weekend, paid vacation, sick time and the 40-hour workweek.

A Fork in the Road: Prosperity or Depression

Frank A. Weil | Posted 11.04.2012 | Politics
Frank A. Weil

What on earth does that history tells us now? More than most people might realize, even though the situation is reversed and there are a number of other differences.

How We Can Bring Millions of Americans to the Middle Class

Bob Herbert | Posted 11.03.2012 | Politics
Bob Herbert

The decline of the middle class was a result, in part, of public policy choices. Today's downward mobility can only be reversed by a range of new choices consciously aimed at helping working Americans regain their financial footing.

5 Ways You Can Rebuild Your Credit Score

Jeff Hindenach | Posted 10.29.2012 | Money
Jeff Hindenach

Has your credit score taken a hit because of the Great Recession? Foreclosures, unemployment and other financial struggles have hurt a lot of people's credit history. So how do you go about fixing it?

Life After My Family Lost Everything

Corbyn Hightower | Posted 10.29.2012 | Parents
Corbyn Hightower

All around us, nest eggs broke open and a whole new culture emerged: we came out of it a bunch of chicken-farming, bike-riding, car-sharing, bartering, freelance DIY-types who are communally raising our under-scheduled kids.

No Job Growth Under 'Regime Uncertainty'

Mary L. G. Theroux | Posted 10.27.2012 | Politics
Mary L. G. Theroux

Washington needs to reverse the past decade's pattern of runaway federal spending and mounting debt -- settling monetary, tax, and regulatory policies to predictable, reasonable levels that encourage investment. That truly would get America back to work.

How The Recession Sapped The Average American Household

Posted 10.27.2012 | Politics

The Great Recession not only sapped nearly 40 percent of the median American household's net worth, it widened the wealth gap between whites and minor...

Income's Decline: 'Almost Every Group Is Worse Off Now Than It Was 3 Years Ago'

The Huffington Post | Harry Bradford | Posted 08.24.2012 | Business

We may technically be in a recovery, but it sure doesn't feel like it. Median annual income has declined 4.8 percent from $53,508 to $50,964 since...

'There's Not A Lot Of Good News For The Middle Class'

The Huffington Post | Jillian Berman | Posted 08.22.2012 | Business

Things aren't looking great for America's middle class, and they know it. A significant share of the middle class say it will be a long time befor...

Getting the Facts Straight on Romney and Obama

Mugambi Jouet | Posted 10.20.2012 | Politics
Mugambi Jouet

The rhetoric of the Obama and Romney presidential campaigns has recently become harsher. The media have devoted significant attention to these controversies while sometimes failing to address underlying policy differences.

White Denial and Black Middle-Class Realities (Part 1)

Dr. David J. Leonard | Posted 10.16.2012 | Black Voices
Dr. David J. Leonard

Whites with felony convictions are more likely to be hired than African Americans without any criminal background. You can wish away these facts, and erase these experiences, but denial and silence will not lead to change.

Author Follows $10 Bill Across America

Posted 08.15.2012 | Money

As travel itineraries go, there are more direct routes than taking the phrase "follow the money" literally. Yet that is exactly what British writer...

How The Private Sector Can Reduce Unemployment

Bloomberg View | The Editors | Posted 08.15.2012 | Business

Bloomberg View: About 13 million Americans are looking for work. An additional 8 million have settled for part- time jobs. Yet almost half of U.S...

Valuing Families and Our Nation's Future: The Joys and Economic Penalties of Parenting

Dedrick Muhammad | Posted 10.14.2012 | Money
Dedrick Muhammad

While families must recommit themselves to stricter economic discipline and prioritize saving over spending on "wants," families cannot do it alone. Investing in children should be a national priority.

Ben Hallman

Federal Judge Takes A Stand Against The SEC | Ben Hallman | Posted 08.14.2012 | Business

U.S. District Court Judge Jed Rakoff doesn't need an admission of guilt in order to approve a controversial Citigroup settlement with government regul...

Outlook On Main Street Dims

AP | Posted 08.14.2012 | Small Business

NEW YORK -- Small business owners' optimism sank again in July as they expected sales to weaken in the coming months, according to a survey released T...

The Gravy Trainwreck

Daniel P. Malito | Posted 10.13.2012 | Politics
Daniel P. Malito

Come on with me and take a trip back in time to see just how much we spent at some of the worst times in this country's history.

August 1912

Neil McCarthy | Posted 10.09.2012 | Politics
Neil McCarthy

One hundred years from now, a new crop of historians will have spent their careers puzzling over the mindlessness of a governing class that ignored reality and assumed the worst could never happen.