The Phantom Recovery
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.
Before the Current Recession, a Phantom Recovery
Pew Research Center Executive Vice President Paul Taylor’s full testimony to the Senate Finance Committee.
State of the News Media 2009
Even before the recession, the fundamental question facing journalism was whether the news industry could win a race against the clock for survival. In the last year, two important things happened that have effectively shortened the time left on that clock. Some of the numbers are chilling.
In Mammon We Trust? Religions Agree Economy is Issue Number One
While members of all faiths see the economy as the top priority for 2009, they are not always in agreement on what issues the government should tackle. The divide is especially large on reducing crime and moral decline in America.
With Crisis As Catalyst, State Governors Push Big Changes
Governors are using the economic crisis to sell big changes in how state and local jurisdictions operate, promising overhauls that could alter the face of government around the country.
No Place Like Home — Even if the Value Is in the Tank
Not even a housing-led recession can shake Americans’ faith in the blessings of homeownership.
One-In-Five Homeowners Feels “Underwater” On Mortgages
Those who say their homes are worth less than what they owe on their mortgages are generally younger, less affluent and more likely to be Hispanic or African American than are those who feel they would at least break even if they had to sell today.
Jobs Worries Climb the Economic Ladder
For the public, the continuing financial crisis has been overtaken by a jobs crisis; the proportion citing jobs or unemployment as the nation’s most important economic problem has more than quadrupled to 42% since early October and concern about job loss has climbed steeply among affluent Americans.
Immigrant Latino Unemployment Rises Sharply
Job loss data reveal a rapidly worsening situation for foreign-born Hispanics, native-born Hispanics and blacks in the labor market.
Economy Is a Tough Subject for the Nation’s Public Schools
States traditionally have been reluctant to cut school funding during hard times, but in the current severe downturn schools are not immune.