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Articles sur Great Recession

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American downtowns were facing headwinds even before the pandemic began. Mark Davidson

San Jose and the reemergence of the donut city

Post-pandemic pressures are compounding stresses cities were already facing, leading to the hollowing out of some American cities.
Both climate change and policies to prevent it can rattle the economy. Citizen of the Planet/Education Images/Universal Images Group via Getty Images

The next big financial crisis could be triggered by climate change – but central banks can prevent it

It isn’t just the effects of climate change that could destabilize the financial system, it’s also fossil fuel assets losing value. The good news is that central banks can fix it.
Teachers organize their socially distanced students at Weaver Elementary School in Rossmoor, California. Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images

Failure to shore up state budgets may hit women’s wallets especially hard

When the federal government doesn’t intervene during downturns, the states often cut school spending. In turn, teachers may earn less or lose their jobs. And three in four teachers are female.
The pandemic’s longterm effects could include city bankruptcies across the U.S. Olivier Douliery / AFP via Getty Images

Next COVID casualty: Cities hit hard by the pandemic face bankruptcy

With sales tax revenues plummeting because of the pandemic, many cities will face bankruptcy – and that could affect everything from retirees’ pensions to whether roads get fixed.
Good old days: Before the coronavirus hit, governors, like California’s Gavin Newsom, had easier jobs. AP/Rich Pedroncelli, Pool

Plummeting tax revenues will put governors in tough budget situations

As Congress considers further financial help for victims of the coronavirus pandemic, the magnitude of the fiscal crisis that governors and their states will have to face is just starting to emerge.

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