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National Great Recession

New claims for unemployment benefits add to hopeful signs of recovery

There are intermittent signs that the U.S. economy continues its long slow climb from the 2007-2008 financial disaster that led to the great...
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Unemployment and wage stagnation two separate problems say Brookings economists

The aftermath of the great recession resulting from the bursting of the housing price bubble and stock market crash in 2008 is an unemployment rate...
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The sub prime crisis and the Panic of 2008

The party in power receives the blame when the economy crumbles. Often, the policies that create a crisis predate those in power. The Great...
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Presidential Legacies part VII: Reagan to Obama

Ronald Reagan: The economic turnaround and end of Cold War (1981-1989) When Ronald Reagan assumed office, the country suffered from double digit...
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Bernanke says Congress needs to tax and spend for stronger economic performance

Painting a difficult picture of the current global and American economies, which he says have suffered much more long-term damage from the Great...
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Poor economy hurting student loans

Tyler Kingkade of the Huffington Post is reporting that record borrowing by college students who are graduating without jobs may lead to the next...
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Unemployment rises to 9.2% in USA—only 18,000 jobs added in June

  • Unemployment reports
  • July 8, 2011
The Labor Department reported today that only 18,000 jobs were added to the nation's payrolls in June. This was well under expectations, and...
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GOP: Greed & alligators will save America

  • Republican Party is based on greed enabled by populist angst
  • June 10, 2011
Two very different stories in Thursday’s news spoke volumes about the Republican Party. Story #1 Jamie Dimon, CEO of JPMorgan Chase, one the...
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Obama averted unemployment catastrophe, but is too Republican to fix problem

When Barack Obama became president, the USA was headed full-speed towards a third, catastrophic, economic depression, with potential unemployment...
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Economic recovery finally making some jobs, unemployment down to 8.9%

  • Unemployment report February 2011
  • March 4, 2011
The Labor Department reported the employment situation in February 2011 to have improved slightly, with unemployment dropping to 8.9% on the back...
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