From a new NBER paper, net fiscal stimulus around the world during the "great recession". Turns out that U.S. was in bottom third: This paper studies the patterns of fiscal stimuli in the OECD countries propagated by the global crisis. Show More Summary
Research Recap submits: Many U.S. public finance obligors made difficult financial choices as a result of the Great Recession, according to Standard & Poor’s Ratings Services, yet many came through 2010 with what S&P considers to be stronger financial profiles as a result. Although most U.S. Show More Summary
Aizenman and Pasricha: >Net Fiscal Stimulus During the Great Recession: This paper studies the patterns of fiscal stimuli in the OECD countries propagated by the global crisis. Overall, we find that the USA net fiscal stimulus was modest...Show More Summary
China's performance during the economic meltdown of 2007-2009 calls for a reexamination of the received doctrine of mainstream macroeconomic paradigms in the West.
The latest economic news and surveys show that the small business economy is finally recovering from the Great Recession. Key indicators include a strong, positive uptick in small business sentiment surveys and stronger projected growth in the overall economy. (Click...
At The Nation, Robert Pollin and Jeffrey Thompson write The Betrayal of Public Workers: The Great Recession did blow a massive hole in state and municipal government finances, with tax receipts—including income, sales and property taxes—dropping sharply along with household incomes, spending and real estate values. Show More Summary
Illinois children have been dealt a heavy blow during the Great Recession in terms of reduced state support for their education and health needs and their general well-being, according to the group Voices for Illinois Children. The rate...Show More Summary
The U.S. has found the secret to reducing carbon emissions: Have a deep recession and a…
Acendex Emerges From the Great Recession with No Layoffs, New Clients and a Bright Future PR Newswire — February 17, 2011 BEACHWOOD, Ohio, Feb. 17, 2011 /PRNewswire/ — With Ohio being among the states hardest hit during the Great Recession–ranking, according to Moody’s Analytics, 37th in employment growth from 2009 to 2011–Jonathan Husni, president of [...]
The Lookout - In 2008, Michelle, a 53-year-old Illinois resident, with 19 years experience in information technology, became another casualty of the Great Recession. More than a year later, after a long and fruitless job search, she finally heard from a headhunter who thought she sounded like a great fit for a post he was looking to fill. [...]
Mercenary Trader submits: By Jack Sparrow Click to enlarge chart Where is all the spending coming from? We know where the liquidity and the “animal spirits” are coming from. Those are courtesy of Ben S. Bernanke, the golden god of stocks. Show More Summary
Kindred the Family Soul featuring Snoop Dogg “You Got Love” The new single from the upcoming album “The Great Recession”from the soul duo featuring hip hop legend Snoop Dogg. Download now via iTunes
"Ten for $10" pricing has become a sign of the Great Recession. You're invited to buy ten of something for $10. Small print says "$1.00 each." Huh? That's right, there's no discount for buying ten items. So what's the point? It may be a clever psychological ploy to get shoppers to fill their carts. read more
by Alex Balk "In a grim sign of the economic recovery, the divorce rate, which dipped during the recession, appears to be on the rebound." @ 12:40 pm 0 Comments
John M. Mason submits: The Great Recession is over. Remember? The recession ended in June 2009, getting close to two years ago. To many, it sure doesn’t feel like it. Since the second quarter of 2009, over the last six quarters, real GDP has grown by 4.5%. Show More Summary
Just before the Great Recession hit, black-owned businesses were growing at a faster clip than the national average, according to newly released Census figures. Less clear is how they have fared since then.
Atif Mian, Amir Sufi, Francesco Trebbi, 10 February 2011 Several academics, policymakers, and regulators emphasise the role of foreclosures in the Great Recession and subsequent global crisis. This column provides one of the first attempts to show this empirically. Show More Summary
Thanks to the Great Recession's magical cleansing powers, all of the home ownership gains of the past decade's housing boom have already been erased. But there is good news! The affordability of homes has plummeted back down to pre-boom levels in the majority of markets that Moody's surveys. Finally, a home is back in your non-imaginary price range! More »
THE BUSH YEARS: Great for Black-Owned Businesses! “The number of black-owned businesses grew much faster than the national rate during the five years before the recession began, according to data released Tuesday by the U.S. Census Bureau. The ranks of black firms shot up more than 60 percent from 2002 to 2007, [...]