Word: recessional
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What made Summers' frank comment important is that it suggests this just-add-gas relationship may now be malfunctioning. The American economy has been shedding jobs much, much faster than Okun's law predicts. According to that rough rule, we should be at about 8.5% unemployment today, not slipping toward...
Is there anything that government can do to help that sort of leg of the stool, to help the kind of private sector of the corporate world become more involved in the non-profit sector? The President: Well, it's not surprising that when you've had the worst recession...
We have always known that heedless self-interest was bad morals," FDR said in 1937, in the midst of the Great Depression. "We know now that it is bad economics." We learned this all over again after the collapse of Lehman Brothers, the shame of subprime mortgages and the brazen...
None of this would have happened without consumer demand. Nearly half of Americans in our poll said protecting the environment should be given priority over economic growth - and this comes in the midst of a recession and historic unemployment. And 78% of those polled said they would be willing to...
These days, some companies are cutting back on their philanthropy but less so on their CSR initiatives. The only thing that has sunk lower than the public's opinion of Congress during this recession is its opinion of business. Social responsibility is one way to get it back. Consumers too...