Saturday, March 28, 2015
Great Recession
Money

Wealth Gap In America Grows At Disturbing Pace

We’re still waiting for a recovery that helps everyone, not just the wealthy.

March 25, 2015
Economy, Health, Children Welfare, Well-Being, Great Recession, Health Care, Foreclosure, Homelessness, Neglect, Abuse

Q & A: How The Great Recession Affected Children

Although the Great Recession is officially over, children’s well-being has gotten worse since 2007.

March 18, 2015
Barack Obama

Why I’m (Still) Thankful For President Obama

Yes, he makes mistakes, and he has flaws — but Barack Obama’s achievements, temperament, and persistence are worthy of thanks.

November 27, 2014
homelessness

New Study Proves America’s ‘Takers’ Are Better Givers Than Miserly Rich

While charitable donations by the wealthy plummeted, the poor gave more.

October 6, 2014
AIG

U.S. Accused Of Illegal 2008 Seizure As AIG Trial Opens

You won’t believe why AIG’s former CEO is demanding $40 billion.

September 30, 2014
unemployment line

Unemployment Insurance Is Not Reaching Those Who Need It

The percentage of unemployed workers receiving unemployment insurance (UI) has reached its lowest point since 1987, according to the Economic Policy Institute. During the Great Recession, which technically ended in 2009, unemployment spiked. As the EPI reports, “the UI recipiency rate reached about two-thirds of all unemployed workers” during this time. The number of people receiving […]

September 29, 2014
supermarket

More States Enforce Food Stamp Work Requirements

Food stamp work requirements will be reinstated in 17 states.

September 18, 2014
Bank of America

Bank Of America To Pay Record $16.65 Billion To Settle Mortgage Claims

By Jim Puzzanghera, Los Angeles Times WASHINGTON — Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice Department said Thursday. The settlement includes $9.65 […]

August 21, 2014
401k

Reliance On 401(k) Accounts Drops, Poll Shows

By Walter Hamilton, Los Angeles Times Fewer Americans are counting on 401(k) accounts to fund their retirement years, apparently because of disappointment with the stock market after painful losses in the Great Recession, according to a recent study. Only 48 percent of non-retirees expect a 401(k), individual retirement account or similar savings vehicle to be […]

May 5, 2014
NELP chart

Report: Lower-Wage Jobs Continue To Grow, Mid- And Higher-Wage Jobs Lag Behind

A new report by the National Employment Law Project reveals the slow and ongoing jobs recovery that the private sector has experienced since the 2008 recession, and underscores the notion that an economic recovery has not yet been fully achieved. As the NELP report notes, in the months leading up to the 2008 financial crisis and the […]

April 28, 2014
3-19-14bud-f1

5 Reasons The Deficit Has Fallen By Nearly $5 Trillion (And Why That’s A Bad Thing)

This year’s deficit will likely be $514 billion, down about a quarter from last year’s deficit of $680 billion, which was down by more than a third from the year before. “Since 2010, projected 10-year deficits over the 2015-2024 decade have shrunk by almost $5.0 trillion, $4.1 trillion of which is due to four pieces […]

March 19, 2014
Unemployment benefits

Aid Cuts Have Hit Nearly Two Million Long-Term Unemployed

By Jake Grovum, Stateline.org WASHINGTON — Almost 2 million Americans who have been out of work for longer than six months have missed out on extended unemployment benefits since Congress allowed the program to expire in December, according to a new analysis of U.S. Department of Labor data. In seven states, at least 100,000 unemployed workers […]

March 5, 2014

5 Ways The Stimulus Saved And Remade America

The party that still thinks the Bush tax cuts (which resulted in the most negligible job creation in decades) and the Iraq War (which resulted in the Iraq War) both worked wants you to believe that the stimulus failed. And they’ve been making that argument since before the American Recovery and Reinvestment Act even had a […]

February 17, 2014
Jerry Brown Oakland rally

Post-Recession Quietude Unites Californians, Bolsters Governor Brown

Mark Z. Barabak, Los Angeles Times SALINAS, Calif. — Tony Salameh and Danielle Clark weathered the Great Recession from two worlds just a few miles apart. Salameh, 62, owns several restaurants in Carmel, the wealthy hamlet perched like a small jewel overlooking the sea. After a significant falloff, business is about where it was five […]

February 17, 2014

Have We Been Looking At Deficit Reduction The Wrong Way?

Jared Bernstein–formerly a top economic advisor to Vice President Joe Biden, and a key figure in the Obama Administration’s attempt to get the economy back on track–has published a fascinating response to Ezra Klein’s analysis of the administration’s response to the Great Recession. Bernstein closes with a poignant critique of official Washington’s irrational, and destructive, […]

October 10, 2011