The financial ravages caused by COVID-19 will particularly impact Black seniors.
Willie B. Thomas via Getty Images
New data shows the Great Recession hurt older, poorer Blacks and Hispanics the most. The pandemic downturn is likely to be even worse for them.
Trump with two of his top health advisers in May.
AP Photo/Alex Brandon
The Trump administration has revised CDC health guidelines and undermined its own experts, making it harder for science to prevail over politics in US's coronavirus strategy.
Markets panicked following the collapse of investment bank, Lehman Brothers, in 2008.
PODCAST: Part six of The Anthill Podcast's Recovery series looks at the 2008 financial crisis and Great Recession that followed.
Fire up the printing presses.
Seven of the past 10 business bailouts since 1969 have either broke even, or more frequently, ended up making a tidy profit for taxpayers.
Reelin’ in the years.
Had an international pandemic struck 20 years ago, it could have been so much worse.
Beijing might have been ultra-tough on the pandemic, but it has been horizontal in response to the economic shock.
Green energy can be at the heart of government stimulus plans.
THE CANADIAN PRESS/Jeff McIntosh
Governments can staunch the current economic collapse without returning to the status quo.
A universal basic income and a job guarantee are critical ways to help us weather the economic storm of the coronavirus pandemic.
A universal basic income could provide financially precarious people with the money they need. And it would keep money flowing through the financial system.
A sea of red.
AP Photo/Craig Ruttle
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
The new Bailey.
The days of using interest rates to keep the wheels on are at an end.
Close-up on the circuitry of the Vesuvius quantum computer, announced in 2012 by the Canadian firm D-Wave Systems.
On October 23 Google announced that it built a quantum computer thousands of times faster than classic computers. This could have immense impacts on finance, cryptography and other fields.
This is what a financial crisis looks like on Wall Street.
AP Photo/Richard Drew
The Fed cut rates for the third time in as many months – something practically unheard of in a strong economy.
U.S. student debt is estimated at about $1,5 trillion.
Student loan defaults have risen sharply, and the number-one reason is deceptive and misleading practices by for-profit institutions.
Office of the Moody’s Corporation ratings agency.
Daniel J. Macy
Standard & Poor's, Moody's, and other ratings agencies have a long and storied history, but today they face significant criticism and the future of ratings themselves are under challenge.
New research reveals how austerity pushed poor families into debt to pay for basic needs like food, rent and hot water.
Corn cobs dried up after a drought in eastern France in 2015.
The climate issue cannot be considered less urgent than the social or economic crisis.
Private finance crashed the economy and is too consumed by the profit motive to be a reliable ally against climate change. We should not allow COP24 to be their board meeting.
The authors of the book
The Making of Finance highlight the intellectual capture of the financial worlds.
Nothing has changed since the 2008 financial crisis. Orthodox theory continues to structure the entire financial industry, yet there is an urgent need to study the social and political nature of markets.
No industry should be considered too big to fail, including the auto industry.
Ensuring no industry becomes too big to fail can be achieved by changing the way companies are run. The aim is to develop a sustainable model for corporations.
The 2008 financial meltdown caused millions of Americans to lose their homes, and the austerity measures that followed only widened income inequality and helped fuel the rise of right-wing populism.
(AP Photo/Tony Dejak)
Right-wing populists have exploited key weaknesses in liberal democratic society that were exacerbated by the failure of political leaders to respond effectively to the 2008 financial crisis.