By Sy Harding: The gloom and doom theorists swarmed out of the woodwork during the 2008 financial meltdown in reaction to government actions taken to prevent the 'great recession' from morphing into the next great depression. The blame fell on both political parties. Show More Summary
It's a fairly well-accepted narrative that manufacturing in America is all but dead. Over 3 million manufacturing jobs were lost during the Great Recession, and what's left will eventually be outsourced -- or so the thinking goes. But...Show More Summary
By Tessa Farnsworth Curry America is facing a problem and ignoring it doesn’t make it go away. Since the Great Recession in 2008 11.7 million people are still unemployed, we...
My longer form weekend reading material: • How the Case for Austerity Has Crumbled (NYRB) • That’s a ‘Depression’: Europe’s Double-Dip Is Officially Longer Than Its Great Recession (Atlantic) • Dirty medicine (Fortune) see also Meet the career con man who made a fortune selling illegal pharmaceuticals online—and pulled off a federal sting that forced...Read More
WASHINGTON — For the fifth straight year, a graduating class of American college students is staring straight at the Great Recession and blinking their eyes. College graduates no longer have the jobs promised to them when they applied to college. Reuters provides anecdotes and first-hand accounts of college graduates across America, and all have one [...]
The Great Recession hurt a lot of people and this loss of wealth will follow millions into retirement, according to a report released Thursday. Early baby boomers (those born between 1946 and 1955) may be “the last group on track to retire with enough savings to maint …
History is repeating
In a blogpost taking stock of the IMF conference on lessons from the crisis, the Nobel laureate distills the lessons learned. He makes the following observations: Not only are financial recessions deeper and slower in recovery than in normal recessions. Show More Summary
Though economic indicators suggest we are slowly emerging from the Great Recession here in the United States, repercussions could echo through the jazz world for a generation. The past five or so years of extreme cuts to public school budgets-- especially the arts programs-- could mean a dearth of well-trained, young musicians...
Since the start of the Great Recession, numerous articles and reports have detailed the employment woes of lawyers and recent law school graduates.
The budget deficit will shrink to its smallest level since before the Great Recession in 2013, and it will continue shrinking through 2015, according to revised estimates from the Congressional Budget Office released Tuesday. In reality, the deficit is even smaller than the CBO predicts, since its “current law” projections assume that funding for the [...]
Prior to the Great Recession temporary workers worked, on average, fewer hours per week than regular employees. But as the chart below (from a NY Times Economix blog post) shows, this shifted in 2009 and temps now work, on average,....
This chart is making the rounds today, so I might as well join in the fun. It shows how well the U.S. economy has recovered from the recession compared to Great Britain. The Tory approach in Great Britain has famously been based on austerity measures, and it sure doesn't seem to be working all that well. Show More Summary
Since the great recession, investors have been inundated with tips for turning losses into profit, but through it all, a pretty obvious profit center garnered very few headlines, and now this "secret" soon could have public policy implications. I'm talking about candy and makers of other sugar containing products.
The Carlyle Group Releases Latest in Audio Podcast Series Co-CEO David Rubenstein Discusses Changes to the Private Equity Industry Following the Great Recession WASHINGTON--(BUSINESS WIRE)-- Global alternative asset manager The Carlyle...Show More Summary
What recession? ESPN's Dan Rafael recently tweeted that the early pay-per view (PPV) numbers for the WBC Welterweight title fight between current pound-for-pound boxing great Floyd Mayweather Jr. and Robert Guerrero, which took place...Show More Summary
As working women across the United States are finding jobs as the economy recovers from the Great Recession, it is more crucial than ever that they receive the same pay as their male counterparts.
Dodd-Frank, the Volcker Rule, and other bank regulations have been ongoing and increasing in the years after the great recession. Now we have a new communication from the Federal Reserve calling for the top eighteen large U.S. bank holding...Show More Summary
We may never tire of discussing lessons from the Great Recession, which hit two groups especially hard: Teens who saw parents lose a home or job, and boomers who saw their savings depleted at precisely the wrong moment in life. The kids’ scars are mostly emotional. Show More Summary
The 7.5% US unemployment rate, at its lowest level since 2008, seems to be telling a story of slow-but-steady recovery after the Great Recession and Financial Crisis. Unfortunately, the bulk of evidence suggests the “real” jobless rate is far higher. Show More Summary