After a notable decline in driver fatalities during the Great Recession, deaths are back on the rise. However, the increase is rather minuscule compared to every other decade since automobiles became North America’s preferred mode of transportation and the number is projected to go back down in the years to come. Show More Summary
The following article by David Haggith was published on The Great Recession Blog : The following is not simply a list of negative risks to the economy but a list of of serious economic conditions that are already placing drought-like pressures on the overall economy. Show More Summary
The news on Monday that Ford CEO Mark Fields will step down wasn't entirely surprising. Fields oversaw the carmaker's recovery from the Great Recession and its most profitable year ever, 2016, when the company made almost $11 billion. But...Show More Summary
On Wednesday, the New York Fed confirmed that Americans had finally reached a symbolic marker of recovery from the Great Recession: a new record for household debt. Americans personally owed $12.73 trillion at the end of March, an amount that finally surpasses the $12.68 trillion we owed in September of 2008, before the economy tanked. Show More Summary
The following article by David Haggith was published first on The Great Recession Blog : The Wannacry malware that hit like a global mega-bomb, showed everyone how vulnerable we are to a global cyber attack. Billed as “one of the largest...Show More Summary
Robert Shiller: How Tales of ‘Flippers’ Led to a Housing Bubble: There is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the Great Recession and...
The recovery from the Great Recession has hit a milestone: Household debt climbed to $12.73 trillion in the first quarter to top the previous peak reached in 2008.
The Survival Rate of the Smallest Establishments During the Great Recession by James D. Eubanks and David Wiczer Economic Synopses, St Louis Fed, 2017-05-12 Very small establishments closed at about twice the rate of larger ones....Show More Summary
California’s recovery from The Great Recession has taken longer that Governor Jerry Brown imagined. Yet the slowness of the recovery hasn’t stopped Governor Brown from spending like the proverbial drunk sailor on big dollar items The...Show More Summary
For school districts still getting their financial footing after the Great Recession, the Medicaid changes being advanced as part of the health care overhaul are sounding familiar alarms.
Can Coal Make A Comeback? Trevor Houser, Jason Bordoff, and Peter Marsters, April 2017 (Columbia University) Executive Summary Six years ago, the US coal industry was thriving, with demand recovering from the Great Recession, and global coal prices at record highs along with the stock prices of US coal companies. Show More Summary
For school districts still getting their financial footing after the Great Recession, the Medicaid changes being advanced as part of the health care overhaul are sounding familiar alarms. Administrators say … Click to Continue »
The retail sector is sinking, and thousands of American retail workers are finding themselves jobless. In fact, the U.S. retail sector just had its worst two-month stretch since 2009 -- the tail end of the Great Recession. The post Retail Companies Are Slashing Jobs Like We’re in a Recession was originally published at The Wall Street Examiner. Follow the money!
The following article by David Haggith was published first on The Great Recession Blog : Today became so surreal that I couldn’t make stuff up this rich if I were drinking electric Kool-Aid while mainlining acid! First, the basic situation:...Show More Summary
Authored by John Rubino via DollarCollapse.com, One of the interesting things about the Great Recession was how Canada’s financial system sailed through it largely unscathed. Its banks were regulated wisely and behaved prudently, its...Show More Summary
Retail funk: Stores face biggest challenges since recession NEW YORK (AP) — It's starting to look a lot like the Great Recession redux for retailers. More than twice as many … Click to Continue »
It's starting to look a lot like the Great Recession redux for retailers. More than twice as many stores have closed this year than at the same point last year. Bankruptcies are far outpacing last... To view the full story, click the title link.
College students in Florida will get extra help under an ambitious proposal passed by the Florida Legislature. The Florida House voted 85-27 Monday for an overhaul of the state's higher … Click to Continue »
Gutless. They started their victory lap Thursday with cigars following their big health care repeal vote. They rushed over to the White House to flank Donald Trump in the Rose Garden, as he cooed over what a "great plan" they had delivered. Show More Summary
I have a new column: Killing Banking Rules Will Invite a Whopper of a Recession: The vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred...