By Dean Popplewell: More than five years after the onset of the Great Recession, consistent global growth remains elusive, prompting central banks to stick with artificially low interest rates while pumping an unprecedented infusion of cash into the financial system. Show More Summary
It took five years, but American households have collectively regained all the wealth they lost when the Great Recession hit, sending stock markets and housing prices sharply lower and putting hundreds of thousands of people out of work. Show More Summary
“Out of the Furnace” is not just a typical revenge thriller. The film explores certain American themes such as violence, posttraumatic stress disorder from war, illegal bareknuckle fighting, the Great Recession and small town environments. Show More Summary
If the recent exigencies of the Great Recession have taught us anything — doubtful, honestly, considering how easily it could all happen again — it's that humans tend to take for granted the status quo in unhealthy ways, and that, worse, we tend to equate being rich with great wealth. Show More Summary
Since the start of the Great Recession in 2007, Native American employment has been lowest in the regions where white employment has been highest. In my research in 2009 and 2010, I found that while whites were doing relatively wellShow More Summary
“Out of the Furnace” may be this generation’s movie that shows a family’s struggle from the ill effects of the Iraq war and the Great Recession. Director Scott Cooper’s powerful drama has an all-star cast that included Christian Bale,...Show More Summary
The Great Recession changed the American workplace. More and more jobs that used to be full time are now part time, with lower pay and limited or no benefits. The number of "involuntary" part-time workers—people who want a full-time job but can't find one or have had their hours cut back by their current employer—has nearly doubled since 2007. Show More Summary
It is not really clear yet whether the recession in the euro area has ended. The rule-of-thumb definition of a recession as two consecutive quarters of negative growth is not very helpful and, in fact, is not used by the official arbiter in the US.
By Kenny Yang: Although Canada was the first G7 country to raise rates after the Great Recession, the Bank of Canada (BoC) is becoming more dovish especially after Stephen Poloz took over as Governor after Mark Carney left to run the Bank of England. Show More Summary
A builder with plans to construct what it claims will be the first large Las Vegas residential development to be built since the Great Recession announced today that it has named the development Sky Canyon. The 1,700-acre community is designed for...
Ally Financial, the bank holding company formerly known as GMAC, is still a major part of the United States federal government investment portfolio in the five years since it was bailed out at the start of the Great Recession. Yet, it may be able to soon divest its ownership in part due to General Motors […]
By Calafia Beach Pundit: The recovery from the recent Great Recession has been the weakest ever, and that may have a lot to do with the fact that this has also been the most risk-averse recovery ever. Households have deleveraged like...Show More Summary
Although African-American households are in less debt today than they were in 2008 after the Great Recession, they still face unique financial strain and suffer more consequences from their credit card debt, according to a new report by the NAACP and Demos, a public policy organization.
Brazil's economy contracted in the 3d quarter for the first time since the Great Recession. This was not entirely unexpected, though the drop was worse than economists had estimated.
The Irish economy was hammered in the Great Recession, but its pro-business environment signals a brighter future.
The Great Recession has given us so much since it began five years ago with the fall of Lehman Brothers and Washington Mutual, from underwater mortgages and high unemployment, to bailouts of the financial and automotive manufacturing sectors and credit freezes. Regarding the last item, a byproduct from said freeze will flood automakers with the […]
Speaking of the Dallas Fed, here are two figures from a report documenting how slow this recovery has been relative to the recovery from past recessions:
On America's day most famous for over-consumption, we thought a few minutes of quiet 'tryptophan-induced' contemplation of the state of our world would be useful. Infamous for his correct predictions of the great recession, Europe's demise, and the collapse of the US financial system (as well as profiting handsomely from being right), Dr. Show More Summary
We’ve read over and over that the great recession is behind us, although evidence of human suffering abounds. This is not a new phenomenon, and it was ably described a lifetime ago by Eugene V. Debs: It is easy enough for a gentleman of education and refinement to sit at his typewriter and point out the crimes of the workers. Show More Summary
When Congress returns from its recess next week, unfinished fiscal year 2008 education funding legislation will be high on the agenda. Fiscal year 2008 began on October 1 and funding subject to appropriations for the fiscal year has been provided on a continuing resolution that ends December 14th. Show More Summary