Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Black Friday is one of the busiest shopping days of the year.
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The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
Both climate change and policies to prevent it can rattle the economy.
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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.
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?
Teachers organize their socially distanced students at Weaver Elementary School in Rossmoor, California.
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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.
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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.
Markets panicked following the collapse of investment bank, Lehman Brothers, in 2008.
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PODCAST: Part six of The Anthill Podcast’s Recovery series looks at the 2008 financial crisis and Great Recession that followed.
A group of sharecroppers, evicted from their land in the Great Depression, stand beside a Missouri road in January 1939.
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Seven of the past 10 business bailouts since 1969 have either broke even, or more frequently, ended up making a tidy profit for taxpayers.
The Abbey, one of Los Angeles’ most famous gay bars, announces its temporary closure due to the coronavirus pandemic.
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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.
Waitress Casey Stewart works at two restaurants, at least one which may have to close for at least a week or more.
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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.
Will Mark Zuckerberg and Priscilla Chan quickly get money to charities?
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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.
Families recovered from the Great Depression much more quickly than the Great Recession.
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