There is no significant evidence that job losses in the post-2007 period were driven by minimum wage increases. Rather, industrial and geographic exposure to the Great Recession account for the employment differences between states with and without significant minimum wage increases.
Wall Street bonuses have been under pressure since the onset of the "great recession" as the demand for massively overpriced, Ivy League egos suddenly dipped well below supply. Unfortunately, the supply overhang still seems to be weighing...Show More Summary
Today, Washington, D.C., ranks among the nation’s most thriving and vibrant cities. While the rest of the country got hammered by the Great Recession of 2008 and struggled to recover eight years later, a remarkable inversion occurred in Washington,...
The symphony hasn't had a balanced budget since the 2007-2008 season (you may recognize that as right before the Great Recession, by the way).
Rose Guidel was in trouble. It was 2009 and the United States was in the grips of the Great Recession. Her brother, who had helped pay the mortgage on her modest home outside of Los Angeles, had been murdered, so she contacted her bank to say her payment would be late. Show More Summary
OneWest, a bank formerly owned by a group of investors headed by Mnuchin, had foreclosed on her Los Angeles-area home in the aftermath of the Great Recession, stripping her of the two units she rented as a primary source of income. Less...Show More Summary
OneWest, formerly headed by Steve Mnuchin, foreclosed on thousands of homes after the Great Recession.
Americans have experienced a six percent increase in pot use among men earning less than $20,000, corresponding to rising unemployment rate during the Great Recession, a new report outlines.
In his first trip outside of Washington D.C. as president, Barack Obama went to Elkhart, Indiana, the hub of the RV industry and a town that, at that point in time, was being crushed by the Great Recession. He had gone there as a candidate several times. Show More Summary
From aspects as long-term as educational funding strategies for their children (generation Alpha) to current household dynamics with older generations, millennial parents still grapple with the aftermath of The Great Recession.
U.S. home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to a private measure. The Standard & Poor's CoreLogic Case-Shiller national home … Click to Continue »
Irony is the form of paradox. Paradox is what is good and great at the same time. Friedrich Schlegel We could sum it up in two words as to why earnings recession was, is and will be a non-event; Hot Money. However, for some strange reason...Show More Summary
This article by David Haggith was first published on The Great Recession Blog : Lampooning Larry Kudlow is like shooting fish in a supermarket. I ought to be embarrassed at going after dead prey and scaring innocent people. Now one of...Show More Summary
According to the National Retail Federation, sales during the 2016 holiday season are expected to increase by 3.6%. Despite election rhetoric, consumers are in the best shape they have been since the Great Recession with wage increases of 2.8% and unemployment declining to 4.9%. Show More Summary
The following article by David Haggith was first published on The Great Recession Blog: The financial end of the world in economic apocalypse is here. A funny thing happened on the road to recovery: Trump’s chief strategist admitted his view of the Trumpian future looks like the Great Depression. Show More Summary
As the recovery from the Great Recession continues, job growth is solid and the labor force is growing at close to its fastest pace since 2000 because more unemployed workers are coming off the sidelines. Still, the percentage of working-age Americans in the labor force remains stuck near its...
The following article by David Haggith was published first on The Great Recession Blog: When Donald Trump would not state with certainty that he would accept the election results before even knowing what the results were or how they might come about, liberals wrung their hands all over the media in grief over the loss of democracy as we know it. Show More Summary
In the wake of the Great Recession, the Federal Reserve took unprecedented measures to stem economic decline. This column uses the Fed’s open-market operations in 1932, another period of short-term rates near the zero lower bound, as a comparison for the QE1 operation of 2008-09. Show More Summary
At this same time a year ago, I wrote about a housing rebound that had continued its slow yet gradual climb back to normal. The good news has continued in 2016, so much so that it’s widely expected for the Federal Reserve to hike its benchmark interest rate by the end of the year.U.S. Show More Summary
The Fed reacted to the Great Recession with a large scale increase in the monetary base. This creates expectations ranging from runaway inflation to a concern that a recession will follow. Many have moved to the investing sidelines as a result of the uncertainty. Show More Summary