Tuesday, June 12, 2012
Are you better off than you were ten years ago? According to a recent survey from the Federal Reserve, only one group is: the wealthiest 10 percent.
Thursday, June 07, 2012
Federal Reserve Chairman Ben Bernanke spoke before Congress today. He gave his assessment of the American economy and proposed new potential measures to foster economic growth. The Takeaway has been speaking with Americans about their experiences since the beginning of the recession, and followed up with three on their economic outlooks.
Thursday, May 10, 2012
Since the financial collapse in 2008, Americans have become accustomed to hearing grim news about the state of the economy. But author and economics editor Daniel Gross has a more optimistic take. In his new book, "Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy," Gross argues that the country's initial reaction to the economic hardships have paved the way for a brighter, stronger future.
Tuesday, May 01, 2012
Nobel Prize–winning economist Paul Krugman looks at the economic slump and discusses ways he thinks we can lift ourselves out of it. In End This Depression Now! he argues that a quick, strong recovery is possible if our leaders can find the "intellectual clarity and political will" to restore the economy.
Thursday, April 26, 2012
Monday, April 09, 2012
The glossy world of "Sex and the City" may never have been real, but it seems further from the truth than ever before. Recent college graduates who once flocked to New York for jobs in finance, publishing and the arts are finding themselves making lattes and babysitting to make ends meet. Until now, these once-privileged young men and women were missing from TV. Filmmaker Lena Dunham has set out to change that with her new show, "Girls."
Friday, March 30, 2012
Unemployment is down, job creation is up, and the auto industry — practically left for dead three years ago — is healthy. The economy finally seems like it's getting back on track, but on television, the Great Recession is the backstory of everything from reality shows to sitcoms ...
Monday, March 12, 2012
Over the last few years, even as cutbacks have been made in the system’s 87 branches, the New York Public Library has renovated the 42nd Street main library and officials are now looking to construct a new state-of-the-art computer-based library. Scott Sherman, a contributing writer for The Nation and Caleb Crain, a former Fellow at the NYPL and author of American Sympathy, talk about the proposed changes, staffing cuts and construction plans – and the controversy they’ve created. Sherman’s article, "Upheaval at the New York Public Library," appeared in the December 19 edition of The Nation.
Thursday, March 08, 2012
We’re still feeling the effects of the housing crisis, and one of the places it’s affecting Americans most is in the cost of housing. Housing and the economy — and particularly how lower income families are coping with the crisis — will continue to be a central part of the debate going into the general election. But are we having the right discussion about housing prices? How do the on-the-ground effects of the crisis affect the economy, and what can be done about them?
Tuesday, February 28, 2012
In the wake of the 2008 financial crisis and ongoing recession, one of the services states have most frequently chosen cut have been those relating to mental health. Since 2010, nearly 4,000 state psychiatric facilities have been closed, and the duration of hospital stays have gone down 39 percent. However, it's no secret that financial difficulties increase rates of depression and anxiety, and these shortened periods of observation have sometimes had fatal consequences.
Monday, January 09, 2012
Ticket sales were down this year. But was this due to a bad economic climate? Or, were the movies in 2011 just awful? Takeaway Movie Date podcasters Rafer Guzman and Kristen Meinzer take a look into the abyss of terrible movies. From "Margin Call" to "The Smurfs" and "Tree of Life" — did these movies take down the entire industry? It was probably just a coincedence.
Wednesday, January 04, 2012
Thomas Frank, author of What's the Matter with Kansas?, discusses why the economic crisis and recession has brought about the revival of conservatism. In Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right, Frank examines the conservative idea that the economic system be made harsher on the recession's victims and offer bigger rewards for winners.
Thursday, December 29, 2011
Since 2007, the number of people collecting social security disability benefits, or SSDI, has grown by 3.4 million. Two new studies, one co-produced by the Obama administration, document a direct relationship between those seeking SSDI after their unemployment benefits run out. With 10.6 million Americans receiving payments of roughly $1,000 a month plus access to Medicare and Medicaid, there are concerns that the Social Security Trust Fund will be completely depleted by 2017.
Tuesday, December 27, 2011
The economic downturn that has destroyed lives and businesses throughout the country has managed to avoid Capitol Hill. According to an analysis from The Washington Post, members of Congress have become much wealthier as many Americans have seen their finances shrink. The median net worth of a member of Congress is now $913,000 and climbing. Peter Whoriskey of The Washington Post discusses the growing economic gap between lawmakers and their constituents.
Friday, December 02, 2011
After four years of economic downturns, there's finally some good news: in the past 3 months, 650,000 workers aged 16 to 24 have found jobs. This age group, dubbed by some as "the lost generation," have been hit hardest by these ongoing problems: in 2010, only 16.9 million of them were employed.
Friday, December 02, 2011
The American Southwest has seen their once thriving housing and construction industries decimated by the recession. Economists have suggested that the region may never fully rebound from the historic housing crisis it faced. Fronteras, a multimedia collaboration focusing on the Southwestern border between the United States and Mexico, led by KJZZ in Phoenix and KPBS in San Diego, has produced a week-long series that asks the question: How do we rebuild the Southwest?
Tuesday, November 15, 2011
Most economists agree that the recession ended in the summer of 2009. But, because of persistently high unemployment, many Americans are still feeling the economic pain. Across the country, there are almost five percent fewer jobs than there were when the recession began. And, according to a recent Gallup poll, Americans are now more pessimistic about the job market than at any time in the past 10 years. About 90 percent of Americans currently say that it is a "bad time" to find a quality job.
Tuesday, November 08, 2011
The latest Census data reports that nearly 46.2 million Americans, about 1 in 15, are living in poverty. According to a new Pew poll, the face of American poverty has shifted dramatically. For the first time in U.S. history, the percent of Hispanics living in poverty outpaces African Americans with 28.2 percent of Latinos under the poverty line compared to 25.4 percent of blacks. In fact, Latinos overall were hit the hardest by the Great Recession which technically ended in 2009.