Though the economy is growing, we’re still suffering in the aftermath of the Great Recession, and many ambitious workers are eager to get training in skills with the highest pay. To see which skills were in the highest demand, LinkedIn’s engineers tapped their massive dataset of job promotions and transfers. They discovered that one skill set […]
Observers may be quick to declare social trends “good” or “bad” for families, but such conclusions are rarely justified. What’s good for one family – or group of families – may be bad for another. And within families, interests do not always align. Divorce is “bad” for a family in the sense of...
There was some hope last month that, after falling for two straight months at a -10% Y/Y pace, there would finally be some demand for the products of the one company that symbolizes (or at least used to) the strength of global industrial demand: Caterpillar, when it reported its first single-digit decline since July. Show More Summary
This article originally appeared at BillMoyers.com. T he average African-American household takes home around 40 percent less income than a similar white family. The gap between non-Hispanic whites and Hispanics (who can belong to any...Show More Summary
Thanks to major changes in regulation, social media and technology, the business of banking has undergone radical change since the Great Recession of 2008. And one key area of change has been
I have a new column: How Fiscal Policy Failed During the Great Recession: Fiscal policy failed us during the Great Recession. We did get a fiscal stimulus package shortly after Obama took office, and it helped. But it wasn’t big...
The average African-American household takes home around 40 percent less income than a similar white family. The gap between non-Hispanic whites and Hispanics (who can belong to any race) is just over 30% (Excel file). But racial income inequality pales in comparison to the racial gap in net worth...
Foreclosures, lay-offs, medical bills, and perpetual unemployment have left millions of Americans particularly vulnerable since the great recession. More than ever, their stories are our stories. With a decline in public assistance,Show More Summary
Pew Research Center, Wealth Inequality Has Widened Along Racial, Ethnic Lines Since End of Great Recession: The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset...
Andrew Hall is known as "The God Of Oil" by some floor traders. When he was to be paid a $100 million bonus, the Great Recession had just begun and anger toward banks prompted officials to reign in corporate bonuses from those which took bailout funds. Show More Summary
The Dow Jones Industrial Average plunged 700 points this week, due in large part to a collapse in oil prices. The price of crude oil is down 47 percent since June. Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins "CBS This Morning Saturday" to discuss the fall.
NEW YORK — Major stock indexes tumbled Friday as a main crude oil benchmark fell below $60 a barrel to its lowest point since the depths of the Great Recession, leaving stunned analysts looking for a bottom.
While it could be debated to no end whether or not the Great Recession is over, a new report points out that consumers are still worth less money than they were before the bottom fell out of the economy. A new analysis from Pew Research Center found that even as the economy has recovered, many households still face financial disparity … [More]
Holiday book alert: House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again by Atif Mian […] The post Friday links: margin debt don’ts appeared first on Abnormal Returns.
America’s net worth—the combined assets of its households minus their debts—has rebounded from the Great Recession in recent years, driven higher by a vibrant stock market, and even notched a series of inflation-adjusted record highs. Show More Summary
It's the time of year when analysts and pundits begin "marking their beliefs to market" — telling us what they got right or wrong in the previous year. In that spirit, here are some of the things I got wrong about the Great Recession:...Show More Summary
The audacity is breathtaking. It is just six years after their orgy of speculation in so called "credit default swaps" caused the collapse of the World economy and precipitated the Great Recession. Undaunted, the big banks have toldShow More Summary
click for interactive chart Source: WSJ Great set of interactive charts at the WSJ showing differing views of American employment. Maps include Jobless Rate Change, 2013-14; Labor Force Percentage Change, and the map above of Jobless Rate Change Since the Great Recession Began. The cartograms are sized not by their physical acreage, but rather...Read More
Federal and state cash and in-kind transfers kept the child poverty rate about the same since 2000 and through the Great Recession. Photo by Justin Sullivan/Getty Images. Editor’s Note: Just how poor are America’s children compared to...Show More Summary