Post-pandemic pressures are compounding stresses cities were already facing, leading to the hollowing out of some American cities.
Far from the idea of “trickle-down economics”, a map illustrates how the waterworks of the financial system are parching certain sections of the real economy and producing vast inequality.
Financial crises are inevitably followed by legislation to restructure the banking system, and the ongoing problems with bank stability are likely to be no exception.
Crises fueled by bank runs, starting with the Great Depression, have had something in common: Unexpected changes spur bank failures, followed by general panic and then large-scale economic distress.
Psychological and social perspectives on economy that were developed by 19th-century philosophers can help us re-imagine economics with a human face.
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.
A new survey suggests three ways consumers are behaving like the US economy is in crisis, which may become a self-fulfilling prophecy.
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.
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.