The Federal Reserve (“the Fed”), the central bank of the United States, is at the center of a big political fight, once again.
The recent Great Recession was accompanied by a significant and sustained increase in major depression in U.S. adults, according to a Loyola study published in the Journal of Clinical Psychiatry. Prevalence of major depression increased...Show More Summary
The recent Great Recession was accompanied by a significant and sustained increase in major depression in US adults, according to a new study.
The recent Great Recession was accompanied by a significant and sustained increase in major depression in U.S. adults, according to a Loyola study published in the Journal of Clinical Psychiatry.
During the Great Recession, the possibility that the US might enter a second Great Depression was a real concern. This column argues that until early 2009, financial markets behaved in a manner consistent with the early years of the Great Depression. Show More Summary
Harley-Davidson is out with a mildly dismal quarterly earnings report, falling the most since the depths of the Great Recession six years ago and lowering its yearly shipment estimates. But the real issue is sales of one of its core money-maker – customs – are falling through the floor. Read more...
Young people bounce back from adversity faster than their elders, right? Not when it comes to American jobs. Six years after the U.S. economy began expanding from the worst recession since the Great Depression, people ages 25 to 34 are having a harder time finding jobs than other workers.
One would think by now the debate has been resolved on which economic model created a better recovery from this Great Recession or Lessor Depression, as P Krugman has called it. But no, Germany's Finance Minister Wolfgang Schauble keeps...Show More Summary
WASHINGTON — Finance officials from the world's major economies are searching for the right mix of policies to bolster a still-weak global recovery nearly six years after the Great Recession while confronting a range of new threats from a soaring U.S. Show More Summary
For the first time since the Great Recession, the public is feeling better about its economic conditions. The political implications will likely be dramatic.
Not all macroeconomic models failed during the Great Recession. "Old-time macroeconomics"... "provided excellent guidance": That Old-Time Economics, by Paul Krugman, Commentary, NY Times: America has yet to achieve a full recovery from the... financial crisis. Still, it seems...
by Andrew Sacher photo by Cheryl Groff The Underground Railroad to Candyland is one of the many projects of the great Todd Congelliere (also of Toys That Kill and FYP, and the owner of Recess Records), and they're releasing a...
No one needs to remind us of the cataclysmic U.S. economic crisis and resulting great recession beginning in 2008, primarily caused by excessive speculation in housing mortgage financing and the leveraging of exotic financial instruments, including derivatives. Show More Summary
US Industrial Production numbers are out for March 2015 and they are ugly. Industrial Production “growth” MoM fell more than expected to -0.6 percent. Utility output fell 5.9 percent, leaving it 3.6 percent lower year over year.
U.S. consumers have long been viewed as the shoppers of the world, buying goods made both domestically and overseas. The Great Recession seems to have changed this "shop-til-you-drop" dynamic. Saving, not shopping, is the hallmark of this expansion. That's a bad thing for producers, but not necessarily for the U.S. economy in the long run.
Over the weekend, Crain's published an article about how wages are going up in New York across all income levels for the first time since the Great Recession. It's undeniably good news, but it's also... To view the full story, click the title link.
Wages are rising among all income levels in New York City for the first time since the Great Recession. Hillary Clinton launched her 2016 presidential campaign on Sunday afternoon and is traveling to... To view the full story, click the title link.
Steven Quartz writes: …our current Gilded Age has been greeted with relative complacency. Despite soaring inequality, worsened by the Great Recession, and recent grumbling about the 1 percent, Americans remain fairly happy. All of the wage gains since the downturn ended in 2009 have essentially gone to the top 1 percent, yet the proportion of […]
A look at how her influence extends into the present day, and even played a role in bringing on the Great Recession and financial crisis. With Kentucky Sen. Rand Paul having recently announced his intention to be the next U.S. president...Show More Summary
Instead of cutting back on the risky, unethical practices that led to the Great Recession, the CPD report asserts that big banks have not learned from their mistakes....