HOUSTON (AP) – Houston Mayor Annise Parker is hoping voters will elect her to a third and final term. Parker is…
The Motor City is financially strapped, trying to dig out of a $265 million deficit and saddled with more than $12 billion in long-term debt.   In…
I thought this story would be great that DefenderNetwork.com posted that I thought would be great to share.  Enjoy the read. Young adults are the recession’s lost generation. In record numbers, they’re struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they’re […]
Via DefenderNetwork.com: Young adults are the recession’s lost generation. In record numbers, they’re struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they’re becoming parents at all. The unemployment rate for them is the highest since World War II, and they risk […]
The Great Recession didn’t just impede on our annual incomes and job security—for nearly two decades, the expected life span of Black and White Americans was steadily narrowing, but a swift reverse has occurred and now the expected life span is widening. Some experts attribute this unexpected gap to none other than the recession, reports […]
Black Republicans are a rare breed — a select group of individuals who have pledged their votes to conservative politics despite Black America’s overwhelming allegiance to liberals. Blacks and white liberals alike have challenged the seemingly hypocritical nature of what it means to be a Black Republican, posing the question: “Are Black Republicans the biggest […]
As the U.S. economy slowly recovers from a severe recession, Americans are still skating on thin ice financially, according to a report released Tuesday. Nearly one quarter of those surveyed were hit with declines in earnings of at least 25%, according to the study, “Standing on Shaky Ground,” which focused on four key areas: employment, […]
Via NEWÂ YORK (CNNMoney.com): The Great Recession ended in June 2009, according to the body charged with dating when economic downturns begin and end. But the news comes amid rising fears of a double-dip recession. The National Bureau of Economic Research, an independent group of economists, released a statement Monday saying economic data now clearly […]
As Barack Obama was sworn in as president in 2009 he inherited the greatest economic crisis since the Great Depression. To combat this crisis and stimulate the American economy on February 19th President Obama signed into law H.R.1 or the American Recovery and Reinvestment Act of 2009. The Recovery Act has three immediate goals: create […]
Via Huffington Post: When two struggling families appeared as guests on The Oprah Winfrey Show to talk about the home foreclosures they were facing, they had no idea a surprise guest would make their problems disappear. The Eller family and the Allgood family shared their stories with Oprah and explained how the national recession took […]
VIA CNNMONEY: Economists have been saying for a while that the Great Recession has ended. Now, there are signs that the general public is finally starting to agree. Though still pitifully low, consumer confidence is improving. But some of the positive economic news of recent weeks, like the best job gains in three years, the […]
In State of the Union, president calls for three-year spending freeze..
