One of the former high flyers of both the current bull market and the one leading up to the Great Recession, Cliffs Natural Resources Inc (NYSE:CLF), has been absolutely decimated as of late. Having traded as high as $100 dollars a share as recently as 2011, Cliffs Natural Resources Inc (NYSE:CLF) has been beaten down to [...]
WASHINGTON -- Americans are more optimistic about the economy than at any time since the Great Recession as rising home and stock prices boosted consumer confidence this month to a six-year high.
Your humble blogger will be spending the last days of this month wrestling with his nearly-completed book manuscript on global economic governance during the Great Recession. To those readers who aspire to write books, this must sound...Show More Summary
If there has been one casualty of the Great Recession, it's the "American dream "– the idea that no matter where you come from, everyone has a fair shot at a good life. Study after study has painted a picture of a much different reality,...Show More Summary
(CNN) - The great budget battle of 2013 began in earnest Wednesday with President Barack Obama using two speeches in the Midwest to push his economic fairness message in the face of Republican demands for more sharp spending cuts. Confronting deep partisan divide over the 2014 federal budget, tax reform and raising the debt ceiling […]
The great recession was kind to McDonald’s. While most companies took hits around 2008, the world’s biggest fast-food chain’s stock and earnings kept rising, and it’s not hard to imagine why: When people have less to spend on food, the … Continue reading ?
New York Daily News More than five years after the great recession hit, the US economy is still sputtering. The government revised GDP growth figures down last month to a meager 1.8% for the first quarter of this year. It doesn't take a PhD in economics to understand why: we have a demand problem.
If you lost a chunk of your portfolio during the Great Recession or were late to the party as the market recovered, you might be trying to make up that lost ground with aggressive investments. With the market steadily climbing upward,...Show More Summary
Detroit filed for bankruptcy Thursday, becoming the largest city in America to do so. The city of 700,000 people is struggling with a $380 million deficit and more than $14 billion in debt. But the great recession was not particularly choosy in selecting its victims. Show More Summary
During the bleakest days of the Great Recession, Congress agreed in bipartisan votes to bail out two of Detroit's biggest businesses, General Motors and Chrysler.
When US automakers GM and Chrysler were forced into bankruptcy during the trough of the Great Recession, the US government stepped in with $80 billion of taxpayer money. Auto sales (and profits!) have since recovered, saving tens of thousands of good paying manufacturing jobs nationwide. Show More Summary
Think about your goals; short term, mid- and long term. Maybe you want to buy a car? Will that be in 6-8 months? How much will it cost? Specifically define each goal. Quantify them and give them a time frame.
WASHINGTON (AP) — The United States is still viewed as the world's leading economic power in many countries, according to polls in 39 nations by the Pew Research Center's Global Attitudes Project. But as the Great Recession has buffeted the U.S. Show More Summary
Average hourly wages were unchanged from May to June after adjusting for inflation, the latest sign of households struggling to gain purchasing power in the aftermath of the Great Recession.
The sheer amount of jobs that were lost during the Great Recession is nothing short of breathtaking. Nearly 8 million jobs were lost, and the sad reality is that a lot of those may never come back. That sparked a conversation about how to create jobs in one of the most promising growth sectors we [...]
In an earlier post, I discussed how venture capital deals have changed since the financial crisis and the Great Recession. Today, I want to point out some changes in angel deals and angel investments over the same period. Because there...Show More Summary
During the Great Recession, high school students became more concerned about others and the environment, psychologists at San Diego State University and University of California, Los Angeles report. Concern for others declined significantly between the mid-1970s and 2004-2006, then rebounded between that pre-recession period and the Great Recession in 2008-2010...
click for full graphic Source: NYT Nice set of charts via Floyd Norris of the NYT from his weekly “Off the Charts” column, which was about this surprising datapoint: “All the jobs lost by women during the Great Recession have been recovered, at least in the private sector. But men still have a way...Read More
Almut Balleer, Britta Gehrke, Wolfgang Lechthaler, Christian Merkl, 12 July 2013 During the Great Recession, 25 of 33 OECD countries have used some version of short-time work, a form of publicly subsidised working-time reductions. This column argues that despite its popularity, knowledge of the macroeconomic effects of this measure is limited. Using Germany as a case study, it
The economic recovery from the Great Recession officially began four years ago last month, and while the unemployment picture has improved for most groups, it is still higher for adult African-American women now than it was then, according to a new report from the National Women’s Law Center. Their unemployment rate currently stands at 12 [...]