Word: depressionitis
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This is a difficult situation for the President. Cynicism about government is always easy, even if it now seems apparent that it was government action - by both Obama and, yes, George W. Bush - that prevented a reprise of the Great Depression. I watched Obama as he traveled the Rocky Mountain...
If the recession is over, as some economists say, why are so many people still unemployed? The so-called jobless recovery is raising an intriguing question: Should America resurrect something like the Works Progress Administration (WPA) - the New Deal job-creation program that put millions of unemployed Americans to work...
Indeed, the current situation is stark. When people say there are no jobs out there, it's true. According to the Bureau of Labor Statistics, at the start of the recession in December 2007, the ratio of job seekers to job openings was 1.5 to 1. Now six unemployed workers...
Economist Heidi Shierholz of the Economic Policy Institute says the economy has lost 6.7 million jobs since the beginning of the recession and that the stimulus bill thus far has generated 750,000 jobs. But in addition to the nearly 7 million jobs lost, the national economy has failed to...
There’s clearly an attitude that views art as the most expendable “luxury” we own—and therefore the most dispensable during tough times. But because of what art is there to do—express, provide escape, inspire—the...