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Articles on Great Recession

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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.
Nikki Luman works part-time for a public library in Sycamore, Ohio. AP Photo/Tony Dejak

143,518 US public library workers are keeping their communities informed, connected and engaged – but their jobs may be at risk

During economic downturns, local governments tend to cut spending on libraries, even as the need for their services grows.
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.
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.
The government helps tens of millions of Americans buy groceries. Jeff Greenberg/Getty

How SNAP can help people during hard economic times like these

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.

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