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.
Had it not been for the global financial crisis we wouldn’t have known what sudden overwhelming spending could do.
During economic downturns, local governments tend to cut spending on libraries, even as the need for their services grows.
Some economists have begun to compare the current recession and recovery with a ‘K,’ while others see a ‘V.’ Which is it, and what does it mean?
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.
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.
PODCAST: Part six of The Anthill Podcast’s Recovery series looks at the 2008 financial crisis and Great Recession that followed.
In many national crises, black Americans have been essential workers – but serving in crucial roles has not resulted in economic equality.
US stocks have nearly erased much of their coronavirus losses even as many Americans continue to suffer from the pandemic’s impact.
Seven of the past 10 business bailouts since 1969 have either broke even, or more frequently, ended up making a tidy profit for taxpayers.
Their loss affects those in the LGBT community who have the least to lose.
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.
Service workers are some of the most at risk of both the coronavirus and financial woes.
The food aid program helps low-income families put food on the table and injects money straight into struggling local economies. It will be critical throughout the crisis the coronavirus is stoking.
In past recessions, donors have tightened their pursestrings even as the need has grown. But two scholars explain why, at least for foundations, there’s room for more generosity in tough times.
While the Great Depression reduced inequality and closed the racial wealth gap, the Great Recession of 2009 did the opposite.
The US economy may be in worse shape than it seems.
Rosselló’s corruption is just the latest in a string of disasters for Puerto Ricans – but it also created an opportunity for a stressed community to come together.
Since the Great Recession, most of the nation’s rural counties have struggled to recover lost jobs and retain their people.
New research reveals how austerity pushed poor families into debt to pay for basic needs like food, rent and hot water.