Last week, the Obama administration and the media began portraying the economy is a more favorable light, asserting that we’re at or near the bottom of the recession. Today, looking for good news anywhere they can find it, the Los Angeles Times claims that “Southern California home prices may be stabilizing,” because the median homeContinue reading “Have we hit bottom?”
Tag Archives: stimulus package
The Great Disruption
As economic indicators continue to worsen, people from all walks of life are personally feeling the effects of the recession. Unemployment continues to rise as layoffs spread and businesses fail. Public resources continue to be thrown at corporations deemed too-intertwined with our financial system to collapse. Retirement accounts shrink as the stock market plunges. DemandContinue reading “The Great Disruption”
The impact of the recession on the poor, and what’s in the stimulus bill for the hardest hit anyway?
As highlighted in my previous post, accurately measuring poverty is difficult enough, but another challenge is the timeliness of the data. Even when we have good numbers there is usually a significant lag time between when residents were surveyed and when the final data are released. The National Law Center on Homelessness and Poverty hasContinue reading “The impact of the recession on the poor, and what’s in the stimulus bill for the hardest hit anyway?”