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February 11, 2010: She gets it: Elizabeth Warren, Harvard Law professor and chair of the Congressional Oversight Panel on TARP, is one of the few who knows what is happening to the middle class.
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January 12, 2010: The economic downturn has not only emptied bank accounts and turned neighborhoods into ghost towns, it has derailed many of the demographic trends that businesses had been counting on for customers. Which trends will get back on track and which will be permanently detoured? Here's what you can expect.
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September 15th, 2009: Brace yourself. The 2008 income statistics released by the Census Bureau last week document widespread economic pain. Unfortunately, more is to come.
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April 29, 2009: Take a look at any economic indicator lately, and you're likely to swoon as the trend line veers into a vertical plunge. This is called cliff diving. It is a common sport in economics, but rare in demographics. Demographic change is slow and steady. Demographic trends rarely dive off cliffs, but they occasionally jump off curbs. Case in point: the latest geographic mobility statistics.
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March 25, 2009: Millions of Americans cannot believe what is happening to them, and with good reason. Most of the nation's working-aged population (anyone under age 45) has never experienced a recession this bad, including many of the business executives who have steered their companies into bankruptcy. The last severe economic downturn--at least equivalent to what we are experiencing today--occurred in the early 1980s.
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February 18, 2009: In a recent online poll, Time magazine asked its readers who was most to blame for the current economic crisis. Readers rated the guilt of 25 different people on a scale of 1 (innocent) to 10 (guilty). On that scale, the American Consumer rated an 8--even guiltier, according to the public, than George W. Bush or Alan Greenspan. "We've been borrowing, borrowing, borrowing," explained Time, "living off and believing in the wealth effect, first in stocks, which ended badly, then in real estate, which has ended even worse."
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