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No, the Internet Is Not Killing Culture

Scott Timberg’s Culture Crash begins with a harrowing and by now familiar personal narrative of the Great Recession. In 2008, Timberg, an arts reporter for the Los Angeles Times, was laid off, a casualty of the infamous Sam Zell regime; soon after, the bank foreclosed on his family’s house. Show More Summary

Is Finland’s Economy Suffering From Secular Stagnation?

“After the Great Depression, secular stagnation turned out to be a figment of economists’ imaginations…… is still too soon to tell if this will also be the case after the Great Recession. However, the risks of secular stagnation are much … Continue reading ?

7 Key Findings in EPI's New Report on Race and Unemployment

The Economic Policy Institute (EPI) released a new report this week that takes a deeper look at unemployment, particularly when it comes to racial disparities in the recovery from the Great Recession. The report, written by Valerie Wilson, argues that the projected decline in unemployment for 2015 won't lift African Americans out of the employment crater caused by the recession.

Americans Love Big Hot Suburbs

The suburbs of sunny metro areas are gobbling up the country, just like they were before the Great Recession.

How an Easter Dress Taught Me About Gratitude

"Oh no, I haven't gotten a new Easter dress yet!" my oldest daughter exclaimed from the recesses of her bedroom closet. We were smack in the middle of the Great Closet Cleanout, which happens approximately once a week since my children...Show More Summary

The Monetary Approach Reigns Supreme

We are still in the grip of the Great Recession. Economic growth remains anemic and below its trend rate in most parts of the world. And what’s more, this state of subdued economic activity has been with us for over seven years.

Access to credit is still biggest hurdle for millennials to enter the real estate market

Since the Great Recession, employment numbers have been low, income gains modest and debt and rent levels high -- all while access to credit has been tight. This combination has kept young homebuyers out of the real estate realm. According to recent reports, however, some of these constraints might be loosening, but will these changes be enough to turn the tide...

Tony Robbins's Best Advice for Unstoppable Success

Ordinary Americans are still struggling in the wake of the Great Recession. Find out what you can do to be successful no matter how hard you're financially hit.

Vulture capitalists are picking us dry: Why consumer debt buyers are on the rise

The great recession laid waste to the U.S. economy. Now debt collectors are feasting on the carrion

It’s good to be the Fed

Before the recession, the Fed typically earned a profit of about $30 billion per year. After the Great Recession, their profits rose to the $70 to $80 billion range, as their balance sheet expanded. There was a time where the Fed actually was reluctant to engage in monetary stimulus out of fear that they would […]

A Clip From 'The Hand That Feeds,' a Story of Worker Rights

The Great Recession and the rise of the Occupy movement helped to launch a wave of labor organizing among low wage workers over the past few years. A new documentary looks at one single labor campaign at a New York deli. Read more.....

Median income continues to climb, but it's still below where it was when the Great Recession began

At the beginning of every month, Sentier Research publishes an update of median household income from two months prior via Census Bureau data. Doug Short at Advisor Perspectives synopsizes the report and produces some explanatory charts. Show More Summary

Conservatives are not abandoning market monetarism

Ryan Cooper has a piece in The Week on market monetarism: During the dog days of the Great Recession, several economists developed a persuasive case that the Federal Reserve was badly bungling monetary policy. Led by Scott Sumner, these “market monetarists” argued that the Fed should be far more prepared to unleash monetary stimulus. To […]

Morning 10: Interest-rate hike | New NYU president | Plywood kills woman

The Federal Reserve announced it would consider raising the nation's benchmark interest rate in June for the first time since the Great Recession. Andrew Hamilton, vice chancellor of England's Oxford... To view the full story, click the title link.

Labour and finance in the aftermath of the Great Recession

The Great Recession sparked the interest in the link between financial conditions and employment. This column describes results from a new model of labour and finance, incorporating financial imperfections and borrowing constraints. The results uncover a complementarity between firms holding cash and labour market imperfections. Show More Summary

Unemployment Insurance Benefits Reaching a Smaller Share of Unemployed Workers

Unemployment insurance (UI) is a federal-state program that provides income support for jobless workers in economic downturns. Following the Great Recession, the safety net provided by the UI system was a crucial tool in counteracting the effects of the downturn …

Small Business Loans Keep Breaking Records in February

Small businesses continue getting loans approved by big banks, and in record numbers. Hitting its highest point since the end of the Great Recession, the loan approval rate for small businesses at big banks reached 21.5 percent in February. That’s according to the February 2015 Biz2Credit Small Business Lending Index. The index is based on...

Chart of the Week: The World is Catching Up to the American Middle Class

The U.S. once led the world in middle class affluence, but thanks to a recovery from the Great Recession that involves giving all the money to the already-rich, we’re losing that distinction. “In 1960,” said Harvard economist Lawrence Katz, “we were massively richer than anyone else. In 1980, we were richer. In the 1990s, we […]

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