Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery. Show More Summary
[Over at Equitable Growth]: Back in 2007 I used to have an applause line: that because the North Atlantic had lived through the Great Depression, we would not make the same mistakes in dealing with our current crisis that the policymakers of the 1930s had made. Show More Summary
During the Great Recession and its aftermath, the economy wreaked havoc on state budget negotiations, forcing tough votes on spending cuts and tax increases. Since then the economy has improved, state tax revenue are growing, and legislatures have more room to maneuver during budget season. Show More Summary
Half a decade after the end of the Great Recession, the young workers who graduated into the worst jobs market in recent memory are finally launching their careers, but they're not ready to give up the rest of their lives to do so. They're entering the workforce at a time in [...]
... credit card debt while remaining subdued since the Great Recession suddenly made a 180 degree turn... Total outstanding credit card debt recently surged beyond the $900 billion mark... And with the average nationwide interest rate of 14% that means spending hamsters are probably dropping tens of billions on interest costs alone... Show More Summary
The boomerang is back as more young adults are living at home than during the Great Recession. Ecnomists ask, is it bad?
Mortgage Fraud Blog. The trial of a Phoenix man accused of setting up a real estate Ponzi scheme during the Great Recession continued in Santa Ana on Tuesday. According to federal prosecutors who spoke with jurors at court, Michael J. Show More Summary
The economy rebounded in the second quarter after a winter slowdown that was less severe than previously estimated, returning to the modest growth that has marked the slow recovery from the Great Recession.
Job growth in the United States in 2014 was higher than in any other year since 1999, yet 1.7 million more children now live in working families with low incomes than during the Great Recession. Nearly a third of children are living in families where no one is working full time. Show More Summary
By Greg Ostrowski It's no secret that millennials have had a tough time getting started with careers, families and saving for retirement. Everything from the Great Recession, to the rising cost of higher education, to the increasingShow More Summary
A succession of corporate scandals and recessions, culminating in the financial crisis that began in 2008, has led to great attention on both sides of the Atlantic to the running of the boards of publicly-quoted companies. Just how successful such efforts have been depends on your point of view. But [...]
Technically, the recession is over. So it may come as a surprise to learn that more U.S. children are living in poverty right now than during the Great Recession. To be more specific: About 1.7 million more children live in low-income working families than just a few years ago.
Progressives must stay united. A new report finds more U.S. children living in poverty than before the Great Recession. According to the report, released Tuesday from the Annie E. Casey Foundation, 22 percent of American children are living in poverty (as of 2013, the latest data available) compared with 18 percent in 2008. Show More Summary
A new report finds more U.S. children living in poverty than before the Great Recession. According to the report, released Tuesday from the Annie E. Casey Foundation, 22 percent of American children are living in poverty (as of 2013, the latest data available) compared with 18 percent in 2008. Show More Summary
A new report finds more U.S. children living in poverty than before the Great Recession. According...
Coal-fired power plants have been going dark across the U.S. for several years now as many utilities use more natural gas than coal to generate electricity — a move thought to be more climate friendly because burning natural gas emits about half as much carbon than coal. That switch has been...
According to the Annie E. Casey Foundation’s 2015 Kid’s Count Data Book, twenty-two percent of American children were living in poverty in 2013, compared to eighteen percent in 2008. According to the news release, 1.7 million more children live in low-income working families today than in the midst of the Great Recession. The Casey Foundation...
The CBO report shows the decline in US productivity since The Great Recession.
This one needs a really big "oy." The lead headline of the Huffington Post tells readers that "child poverty higher now than great recession." This is based on an AP story headlined "more U.S. children are living in poverty than during...Show More Summary
Five years ago today, in the aftermath of the Great Recession and Financial Crisis, President Obama signed major financial regulatory reform into law -- the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law was designed to increase transparency and limit risk in the financial system. Show More Summary