IN October 1979, inflation was running at more than 10 percent a year, and the Federal Reserve’s gradual interest rate increases weren’t solving the problem. So Paul Volcker, the Fed chairman, dramatically changed how monetary policy was conducte…
Finally there are signs of trouble in high-end real estate markets like Greenwich, Conn.
But until now Greenwich and other bastions of the American Rich have been sheltered from the worst of the housing crisis. And the worst of the unemployment cri…
Let us start with the facts:
· At 8.8% almost three years after the onset of the global financial crisis, America’s unemployment rate remains stubbornly (and unusually) high;
· Rather than reflecting job creation, much of the improveme…
Last year, 3.9 million Americans ran out of unemployment insurance benefits, according to a new analysis provided to HuffPost by the National Employment Law Project.
Those 3.9 million are not necessarily still unemployed, and not all of them are…