Ireland, one of the European Union countries hardest hit by the Great Recession, is slowly emerging from its economic meltdown. St. Patrick’s night seems like the appropriate evening to reflect on the country’s history, ancient and modern, and ruminate about Ireland’s potential futures. Live from the Round Room in Dublin’s Mansion House — scene of […]
We know now why job creation has been so weak in the recovery from the Great Recession, or Lesser Depression, as some have called it. Governments have lost too many jobs, and that mostly includes public safety and healthcare workers,...Show More Summary
Used cars have been popular since the end of the Great Recession, but can CarMax continue to capitalize?
(March 13, 2014 10:42 AM, by Scott Sumner) Evan Soltas has an excellent new post explaining why the Fed is likely to raise interest rates in late 2015. He thinks this policy is appropriate, but I'd like to focus on a different issue---whether this rate increase caused the... (0 COMMENTS)
How many times since the start of the Great Recession have you heard a story like this one, from USA Today?Heather Rolley's primary occupation is motherhood, but it doesn't pay the bills. So most days, after she takes her daughter and two sons to school, the 36-year-old divorcee heads to work. Show More Summary
From an article in the La Follette Policy Review: In 2010 as the Great Recession was releasing its grip on the world’s economy, the United Kingdom’s newly elected Conservative-Liberal government embarked upon a policy of fiscal consolidation—higher taxes and drastically reduced spending—with the aim of stabilizing the ratio of government debt to gross domestic product […]
Keith Humphreys notes that economic growth over the past year has been similar in Britain and the United States even though the two countries adopted very different responses to the Great Recession: But don’t expect the similar levels of growth in the two countries to shake many people’s faith in their economic views. Show More Summary
By Kevin Quon: Tesla Motors (TSLA) has become a story of innovation and endurance as the electric car company survived the Great Recession and outperformed competitors at every turn. Even now as the company faces unique challenges, Tesla has managed to capture the imagination of its investor audience. Show More Summary
By Ironman at Political Calculations: Did you know that the Great Recession ended for Americans Age 25 and older in February 2014? If we're to believe the latest employment situation report, it did, as 1,195,000 more American grown-ups were counted as having jobs in February 2014 than in January 2014, bringing their total number in the U.S. Show More Summary
Private Credit and Public Debt in Financial Crises Òscar Jordà, Moritz Schularick, and Alan M. Taylor FRBSF Economic Letter 2014-07 March 10, 2014 Recovery from a recession triggered by a financial crisis is greatly influenced by the government’s fiscal position. A financial crisis puts considerable stress on the government’s budget, sometimes triggering attacks...Read More
Ogechi Achuko (J.D. 2013, Virginia), Note, The Blame Game: Law Students Sue Their Law Schools for Deceptive Employment Reporting Practices, 20 Va. J. Soc. Pol'y & L. 517 (2013): Since the Great Recession, the legal job market has markedly declined leaving many recent law school graduates without employment and frustrated....
The EPI had an interesting chart and comments in its report The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55. Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Show More Summary
Blackbaud is out with its 2013 Charitable Giving Report documenting the largest year-over-year increase in charitable giving since the Great Recession of 2007-2008. As you’ll see from the infographic below (click here to enlarge), based on its analysis of $12.5 billion in giving to 4,129 organizations, Blackbaud reports that overall giving grew by 4.9% in [...]
If a collapse in aggregate demand is not at fault, then was an aggregate supply shift? A quick-and-dirty evaluation using some back-of-the-envelope calculations In 2008Q4, GDP fell at an annualized rate of 8.9%; it fell another 5.6% going into 2009Q1. One interpretation is that aggregate demand collapsed. An alternative interpretation is that supply fell; in […]
College students are more concerned with making money now than they were before the start of the Great Recession, research by the Cooperative Institutional Research Program (CIRP) at UCLA, reveals. Maybe that’s self-evident. But here’s...Show More Summary
Europe and America, together at last.
By Zacks Investment Research: Toyota Motor Corporation (TM) has bounced back from the Great Recession and the Japanese Tsunami. This Zacks Rank #1 (Strong Buy) is expected to post double digit earnings growth in Fiscal 2014. Toyota is one of the world's largest auto makers. Show More Summary
Prior to the Great Recession, it was fairly easy to buy a home with no down payment. But the mortgage crisis and the financial crisis shook things up a bit. Credit requirements—especially for home loans—tightened substantially. Read more...
The Great Recession may well represent the start of what the economist, Jeremy Rifkin, has called "The Third Industrial Revolution." If the first industrial revolution of the 19th century ushered in the mechanization of hand labor, with...Show More Summary