Recession Journal
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Understanding the economic cycle.
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What the Great Recession Wrought: The State of the U.S. in 3 Years of Polls

What the Great Recession Wrought: The State of the U.S. in 3 Years of Polls | Recession Journal | Scoop.it

50-50 nation or not (maybe more like 20-60-20 ish, but okay) it does look as if partisans have only become more deeply partisan since 2007.

 

The economic downturn exacerbated the deep political and cultural divides in our 50-50 nation. Here's what three years of polling data says about where American stands today.
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Not Shabby: 2011 Adds Most Private Sector Jobs Since 2005

Not Shabby: 2011 Adds Most Private Sector Jobs Since 2005 | Recession Journal | Scoop.it

Call it whatever you want, it may be weak, but no weaker than the recovery underway from 2002-2007:

 

"In the previous post, we talked about the new monthly jobs report, but in keeping with tradition, here’s a slightly different chart — one showing just the private sector job…...

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Romney’s Tax Plan Would Increase Taxes On Half Of Middle Class Families With Children

Romney’s Tax Plan Would Increase Taxes On Half Of Middle Class Families With Children | Recession Journal | Scoop.it

Well, at least he's not trying to please everyone just to get elected. Maybe there are some principals at work, after all:
The Tax Policy Center yesterday released an analysis showing that 2012 GOP presidential frontrunner Mitt Romney’s tax plan is heavily weighted towards the richest Americans, giving 50 percent of its benefit to those making $1 million or more.

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Big Bank CEOs Walk Away With Big Bucks in 2011 - Wall Street Pit

A one-percenter's kind of Occupy Wall Street:

ForbesBig Bank CEOs Walk Away With Big Bucks in 2011Wall Street PitBy Ron Haruni Jan 1, 2012, 9:08 AM Author's Website Banks may have been the hardest hit this year in the stock market, but the CEOs who run them are doing just fine.
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How Goethe’s masterpiece is shaping Europe - FT.com

German recollections of Weimar inflation injecting deflation into the future of the EU?

 

From the wreck of the sovereign debt crisis Germany has unquestionably emerged as Europe’s pre-eminent power.
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U.S.-Iraq engagement now economic - Politico

U.S.-Iraq engagement now economic - Politico | Recession Journal | Scoop.it
PoliticoU.S.-Iraq engagement now economicPoliticoWith this month's drawdown of US forces in Iraq, our two countries are preparing to shift from a military collaboration to a relationship driven by economic engagement.
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The Book of Jobs

The Book of Jobs | Recession Journal | Scoop.it
Re-examining the Great Depression, Joseph E. Stiglitz lays out the true economic challenge the U.S. faces now.
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Monday Thru Friday: In this economy you need to be creative if you ...

Monday Thru Friday: In this economy you need to be creative if you ... | Recession Journal | Scoop.it

job fails - Monday Thru Friday: In this economy you need to be creative if you want a job flipping burgers...

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Modeling a Skryim Shock to the US Economy

Modeling a Skryim Shock to the US Economy | Recession Journal | Scoop.it
Modeling a Skryim Shock to the US Economy (cc @GavinC343 RT @mattyglesias: Is Skyrim destroying the American economy?
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The World Economy | Economy Watch

The World Economy | Economy Watch | Recession Journal | Scoop.it
The World Economy is in the throes of what the IMF calls a 'Dual Speed Recovery'. We worry that the underlying causes of the Great Financial Crisis have not been resolved, and that an even bigger crisis may be around the corner.
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The 103-year-old woman saved from foreclosure - The Week Magazine

The 103-year-old woman saved from foreclosure - The Week Magazine | Recession Journal | Scoop.it
The Week MagazineThe 103-year-old woman saved from foreclosureThe Week MagazineJust weeks shy of her 104th birthday, Vinia Hall was saved from foreclosure by some kind sheriffs in Atlanta.
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Eurozone Catastrophe: How Saving the Euro Could Mean Blood on the Streets | Economy | AlterNet

Eurozone Catastrophe: How Saving the Euro Could Mean Blood on the Streets | Economy | AlterNet | Recession Journal | Scoop.it
The whole future shape of Europe must be resolved in a week or so. It’s a high-stakes game of poker that the Germans are determined to win--at the expense of misery for many.
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PUBLICALLY OWNED BANKS- NOW IS THE TIME

Scribd is the world's largest social reading and publishing site.
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Wall Street's Big Banks Are the Real Threat to Our Economy

Wall Street's Big Banks Are the Real Threat to Our Economy | Recession Journal | Scoop.it

Looks like no more ringing endorsements from WSJ editorials for the Huntsman:

 

Ours is the only campaign willing to confront one of the greatest threats to our long-term economic prosperity: Too-Big-To-Fail Wall Street banks.
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How Romney’s Firm Drove Steel Plant Into Bankruptcy, But Still Profited Thanks To Federal Bailout

How Romney’s Firm Drove Steel Plant Into Bankruptcy, But Still Profited Thanks To Federal Bailout | Recession Journal | Scoop.it
A Missouri steel company in which former Massachusetts Gov.
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U.S. Economy 2012: Odds Favor a Recession

U.S. Economy 2012: Odds Favor a Recession | Recession Journal | Scoop.it

With U.S. real wage growth over the past decade worse than any period in the modern record,  including the duration spanning The Great Depression, is all the talk about a consumer revival heading into the new year a wee bit rosy?

 

Global Economic Intersection's Opinion Blog - Econintersect.com blogs news, analysis and opinion.
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S. Korea manufacturing shrinks most in 3 years

S. Korea manufacturing shrinks most in 3 years | Recession Journal | Scoop.it

Not a great signal for the global economy turning the page on 2007-2011:

SEOUL (Reuters) - South Korea's manufacturing sector shrank the most in nearly three years in December as global demand cooled, a survey showed on Monday, but President Lee Myung-bak cited inflation as (News: S.
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True Economics: 2/1/2012: Sunday Times January 1 - 2012 Economy Forecast

True Economics: 2/1/2012: Sunday Times January 1 - 2012 Economy Forecast | Recession Journal | Scoop.it
2/1/2012: Sunday Times January 1 - 2012 Economy Forecast: This is an unedited version of my… http://t.co/m4ZLgL9g...
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‘Mother Of All Bank Runs’ Has Already Begun In Eurozone | The [Occupy] 2012 Scenario

‘Mother Of All Bank Runs’ Has Already Begun In Eurozone | The [Occupy] 2012 Scenario | Recession Journal | Scoop.it
RT @InnaMood: RT "@Starseed52: ‘Mother Of All Bank Runs’ Has Already Begun In Eurozone http://t.co/nCyxIIqA #economy #euro #financial #NESARA"...
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From Flipping Homes to Flipping Burgers, Perhaps. Federal report: Home flipping drove housing bubble  | ajc.com

LAS VEGAS — A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record foreclosures and sent economies plummeting in Nevada, California, Arizona,...
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GOP Sen. Coburn: My ‘Most Liberal’ Colleagues Are ‘More Intellectually Honest’ Regarding The Deficit

GOP Sen. Coburn: My ‘Most Liberal’ Colleagues Are ‘More Intellectually Honest’ Regarding The Deficit | Recession Journal | Scoop.it
As Senate Republicans continue to stand against raising taxes on millionaires — even if it means the current payroll tax cut that’s benefiting every working American expires — Sen.
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Mobius Says Another Financial Crisis ‘Around The Corner’

Mobius Says Another Financial Crisis ‘Around The Corner’ | Recession Journal | Scoop.it
Mark Mobius , executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.
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Eliot Spitzer: 5 Ways to Make Banks Pay for Their Secret $7 Trillion Free Ride | | AlterNet

Eliot Spitzer: 5 Ways to Make Banks Pay for Their Secret $7 Trillion Free Ride | | AlterNet | Recession Journal | Scoop.it
The CEOs of major banks maintained they were in good financial shape. Meanwhile, they secretly borrowed massive amounts from the government to stay afloat.
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IMF's Lipton: Global Economy In 'Dangerous' New Phase - Wall Street Journal

Telegraph.co.ukIMF's Lipton: Global Economy In 'Dangerous' New PhaseWall Street JournalWASHINGTON (Dow Jones)--David Lipton, first deputy managing director of the International Monetary Fund, said the global economy is in "a dangerous new phase"...
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GOP Cuts To Food Aid For Seniors And Food Banks Equals One Day Of Bush Tax Cuts For Millionaires

GOP Cuts To Food Aid For Seniors And Food Banks Equals One Day Of Bush Tax Cuts For Millionaires | Recession Journal | Scoop.it
Today, the House is debating the Republican’s 2012 Agriculture Appropriations Bill, which, as we’ve been documenting, slashes funding for food assistance, preventing hundreds of thousands of people from accessing aid.
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