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Freaking Out About the Economy
All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess. In...
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Economists' Outlook Darkens: 30% Chance of Recession
The chances of the economy slipping into another recession have risen significantly, and forecasts for economic growth and job gains over the next year have been substantially downsized, according to...
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Only 3 Major U.S. Cities Have Recovered From Recession
Everybody knows the US economy has been struggling since the recession ended in 2009. But just how bad are things? Of the United States’ 76 major metropolitan areas, just three are in economic recovery...
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Happy 5th Annivesary to the Financial Crisis
Over the course of one week five years ago, the U.S. financial system was brought to its knees. As a reminder of just how bad that week was, consider this timeline: 9/15/2008: Lehman Brothers Holdings...
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Is Today’s Mortgage Market Worse Than Before the Crash?
In some respects, now is as bad a time for the mortgage business as the aftermath of the disaster of 2008. Of course, the crash was terrible but the industry got the benefit of unparalleled subsidies....
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Long-Term Unemployment Lingers Long After Recession
Of those who sustained the worst blows from the Great Recession, few have healed, according to a Rutgers University study released this week. Federal figures indicate a recovery: Last year, about 38%...
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The Rebirth of Big Banks
It’s been nearly six years since the bankruptcy of financial giant Lehman Brothers, an event that triggered a chain reaction of Chapter 11 filings from some of the biggest banks on Wall Street and...
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New Jersey’s Jobs Recovery Lags Far Behind Nation
Nearly every New Jersey county had fewer businesses with fewer employees in 2013 than at the start of the recession, although the numbers have been rising more recently, according to the latest data....
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