Political Capital

Posts tagged: recession


Students training to become electrical linemen ascend poles during class at Los Angeles Trade-Technical College on March 12, 2014.

Photograph by Patrick T. Fallon/Bloomberg

Students training to become electrical linemen ascend poles during class at Los Angeles Trade-Technical College on March 12, 2014.

Bloomberg by the Numbers: 4.6

On its current trendline, the Bloomberg Consumer Comfort Index would reach its pre-recession level in 4.6 years. Based on its growth rate since June 2009, when the recession officially ended, the index would finally reach its pre-recession reading of 45.3...

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Employees assemble components of a Jeep Cherokee at the Chrysler Toledo Assembly Plant in Ohio on Friday, Feb. 28, 2014.

Photograph by Ty Wright/Bloomberg

Employees assemble components of a Jeep Cherokee at the Chrysler Toledo Assembly Plant in Ohio on Friday, Feb. 28, 2014.

Job Market Looking Up — After Bottoming Out: Gallup

“I’ve been down so very damn long that it looks like up to me.” – The Doors Considering that, just a few years ago, only eight percent of Americans surveyed said it looked like a good time to find a...

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A salesman assists a customer at the GEARYS Rodeo Drive Rolex Group store in Beverly Hills on Dec. 9, 2013.

Photographer: Patrick T. Fallon/Bloomberg

A salesman assists a customer at the GEARYS Rodeo Drive Rolex Group store in Beverly Hills on Dec. 9, 2013.

Bloomberg by the Numbers: -28.4

The Bloomberg Consumer Comfort Index rose to minus 28.4 in the week ended Jan. 5. The index, which asks Americans to rate the national economy, the buying climate and their personal finances, improved from minus 28.7. “Growing employment opportunities, higher...

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A 'tent city' in Camden, New Jersey. Camden has at least three 'tent cities,' where many of the homeless in the Southern New Jersey region live.

Photograph by Andrew Burton/Getty Images

A 'tent city' in Camden, New Jersey. Camden has at least three 'tent cities,' where many of the homeless in the Southern New Jersey region live.

American Spells of Poverty Continue, 50 Years into Johnson’s ‘War’

While progress has been made since President Lyndon Johnson declared an “unconditional war on poverty” 50 years ago, the worst economic downturn since the Great Depression has made economic hardship more commonplace in recent years, according to a Census Bureau...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Tapering the Easing: Only in D.C.

Only in Washington is tapering the opposite of easing. Then again, only here might the QE2 be a bond purchase. The Federal Reserve announced today that it will cut its monthly bond purchases to $75 billion — down from $85...

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South Dakota and 18 other states are recording more births. Photo by Marcio Jose Sanchez  / Associated Press

South Dakota and 18 other states are recording more births. Photo by Marcio Jose Sanchez / Associated Press

Baby Boom = U.S. Recovery

Baby Boom, South Dakota style — read recovery, USA: More than 200 babies were born at Avera McKennan Hospital in Sioux Falls in August. “We’ve got babies coming out of our ears,”  obstetrician Kim McKay tells Bloomberg’s Kasia Klimasinska in...

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