Great Recession

Bay Area economy faring better than rest of state

By: Albert Samaha 03/31/13 9:55 PM

When President Barack Obama was elected in November 2008, the Great Recession was picking up speed and the national unemployment rate was at 6.5 percent. By his inauguration, it had hit 8.5 percent, then peaked in January 2010 at 10.6 percent. And it’s been a slow trudge back ever since. Read More

Foreclosure assistance on horizon

By: Phil Ting 10/21/12 8:23 PM

Nearly six months ago, the nation’s five largest loan providers — Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo — agreed to the $25 billion National Mortgage Settlement in response to the ongoing foreclosure crisis. The terms of the settlement just went into full effect. Thanks to California Attorney General Kamala Harris, almost half the settlement — $12 billion — was set aside for our state. Read More

The Duffer

By: Nate Beeler 06/15/11 10:21 PM

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Economic Speed Bump

By: Nate Beeler 06/04/11 9:20 PM

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WSJ’s Must-Read on Fannie, Freddie reform

By: Mark Tapscott 05/05/10 12:00 AM

Nothing so damns the Obama-Dodd financial reform bill as the sham that it is than the absence of a provision to reform – or, better yet, abolish – Fannie Mae and Freddie Mac, the two government-sanctioned entities at the heart of the Great Recession. Read More

Three reasons why public sector unions could keep the Great Recession going for a long time

By: Mark Tapscott 03/31/10 12:00 AM

With private sector unemployment still in double figures, tax payers may be forgiven for wondering why the ranks of unionized government workers seem to be growing like never before. Don't expect them to slow down any time soon either. Nick Gillespiece offers at least three reasons why in this superb Reason TV take: Read More