The middle class household no longer reigns supreme in U.S. political rhetoric. The Great Recession killed it. Since the 2008 financial crisis, the percentage of Americans who identify as part of the “upper-middle and middle class” has dropped from a high of 63 percent to barely more than half of the population. Show More Summary
In the wake of the Great Recession, seed money for entrepreneurs has mostly gone to a very few locations, but the good news is that this is beginning to change. A little.
This article by David Haggith was first published on The Great Recession Blog. The crude oil price rally has been completely crushed, though I’ll admit I was wrong when I predicted crude oil prices would plummet in March or April as the perfect storm developed against oil prices. Show More Summary
In comparison to firms owned by other race and gender groups of business owners, Black men's firms were hit hardest by the Great Recession. Of the 10 such groups analyzed in the report, "The Color of Entrepreneurship," only African American men had a decline in their number of businesses from 2007 through 2012. Show More Summary
The labour market recovery in OECD countries has been steady but slow since the Great Recession. More worrying is the fate of wage growth over the same period. This column assesses the implications of stagnation in the labour market for growth, wages, and inequality. Show More Summary
A recent study on the decline in prime-age male labor force participation got me thinking about the age-old question of how one finds meaning in life. The post Why the Great Recession of 2008 was the Best Thing that Ever Happened to Me appeared first on The Good Men Project.
President Obama took office in the immediate aftermath of the financial crisis and Great Recession, so it is hardly surprising that the White House took advantage of Democrat majorities in the House and Senate to push forward new financial regulations. Show More Summary
Republican National Convention 2016 live updates: Chris Christie puts Hillary Clinton's record on trial in evening speech July 23, 2016, 5:33 p.m. What to know about the Republican National Convention in Cleveland:• Watch the convention with us live.• New Jersey Gov. Chris Christie blasted Hillary...
“A recent statistical analysis of professorial job openings by the American Academy of Arts and Sciences shows declines in all humanities disciplines since the Great Recession of 2008, including classics. However, classics suffered least in the downturn. The field has kept its small market share, while the number of job postings fell precipitously in other […]
As shown by the chart below, global corporate defaults have spiked to their highest levels since the Great Recession even as stocks hit new record all-time highs. Edward Altman, one of the world's leading authorities on high yield, distressed debt, and credit risk analysis, warns...
When good working opportunities that fit her schedule weren't coming, Amy Osmond Cook made her own. Cook, who was pregnant with her third child during the Great Recession, was looking for a way to help support her family while still enjoying the benefits of a flexible schedule. Show More Summary
This article by David Haggith first published on The Great Recession Blog: … or hair coloring on Donald Trump. Neither one helps. Do you scratch your head as I do, when you read one story in the news that says retail sales grew in June...Show More Summary
The following article by David Haggith was first published on the Great Recession Blog. Summer vacation is here, and the whole global family has arrived at Central-Bank Wonderland, the upside-down, inside-out world that banksters and...Show More Summary
THE PENSION CRISIS WAS A BIPARTISAN DEBACLE: For two decades leading up the the Great Recession, state and local governments across the country, under continuous pressure from deep-pocketed public sector unions, moved to steadily increase...Show More Summary
Following the Wall Street Crash of 1929 and the Great Depression, Irving Fisher developed the theory that recessions and depressions are due to the overall level of debt shrinking (deflating). It looks something like this: 1. Debt liquidation leads to distress selling and to 2. Show More Summary
This article by David Haggith was published first on The Great Recession Blog: Nothing is more shameless in a bedazzling sort of way than rich banksters standing on the public curb with their hands out. First, we had the admission this...Show More Summary
The Great Recession is over. The economy is back on its feet. That’s the popular narrative Americans see and hear every day, but the impact of the financial crisis is still being felt across the country, especially by women of color. A new report (pdf) highlights how “pinklining,” a term most people have probably never […]
The June Jobs Report is out. In a nutshell, 287k jobs were added, the U-3 unemployment rate rose to 4.9% and the U-6 unemployment rate (including marginally attached workers) rose to 9.9%. Adding 287k jobs will make the talking heads at CNBC and Fox Business heads spin with joy. Show More Summary
What's more, the dramatic rebound from May to June represents the largest one-month shift in employment since before the Great Recession began.
The legal marketplace has changed dramatically over the last decade: the Great Recession halted the legal boom of the mid-aughts, putting a renewed focus on value and efficiency in BigLaw, while the rise of online legal services has undercut business that was once handled by smaller practitioners. But as the......