The Invisible Recession: How Forty Years of Stagnant Incomes Got Lost in the Shuffle
The recession is over. The US economy has been growing since July, 2009. In the final quarter of 2011 it grew at a 3% annual pace. Personal spending is up. ...
Salvatore Babones
Austerity is not the Answer; Employment is the Answer
In Greece the unemployment rate is 20%. In Spain it's 23%. In Portugal and Ireland the unemployment rate is 15%. Things in Europe are starting to look as bad as...
Why Have Levels of Income Inequality Risen So Much?
The recession has been tough on many Americans. But the recession only started in 2008, and the statisticians at the National Bureau of Economic Research figure it ended in 2009. ...
The Problem Isn’t Growth — The Problem Is Inequality
Commentators still talk about the Great Recession as if we're still in it. But according to semi-official statistics from the National Bureau of Economic Research (NBER) the recession ended in...