Federal Reserve chairman Ben Bernanke announced last month that the recession was “likely over” and that the economy was in the early stages of a recovery. The problem is, many Americans don’t look around and see a recovery due to the still-abysmal unemployment rate. What’s scarier is that those numbers More…
In trying to figure out whether Treasury Secretary Timothy Geithner’s plan to subsidize investors buying toxic assets from banks makes any difference in the lives of people living in blighted communities, I’ve been talking to housing advocates and economists.
Dean Baker, co-director of the Center for Economic and Policy Research, More…
There are many irritating aspects of the continuing bailout of insurance giant AIG, a company that seems to be little more than entirely insolvent. Yet it continues to get billions of taxpayer dollars thrown at it. The biggest outrage, to me, is the Federal Reserve’s insistence that the identities More…
One in five union activists gets illegally fired in the run-up to unionization elections, economist Dean Baker said at an event held at the National Press Club, Tuesday. Baker’s estimate is based on data compiled by the National Labor Relations Board and analyzed by Baker’s colleagues at the Center for More…
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