Tag - great-recession

 
 

GREAT RECESSION

How policymakers have responded to past economic crises, such as the 2008-09 financial crisis and the COVID-19 pandemic, will shape their preparedness in dealing with future recessions. 
COMMENTARY / World
Jul 8, 2024
Policy lessons from recent economic crises
Eventually, the world will face another recession. How will policymakers use the lessons learned from the 2008-09 financial crisis and COVID-19 pandemic to respond?
Economists often struggle to predict business downturns and different economic theories may apply in different situations.
COMMENTARY / World
Dec 27, 2023
What economists got wrong about the Great Recession
Macroeconomics faces challenges and limitations in predicting and understanding economic events.
Japan Times
BUSINESS / Markets
Mar 21, 2023
2008 bank crisis survivors remember how fast dominoes can fall
Comparisons to that episode have become a little harder to ignore, although authorities are better equipped today to deal with stress in the financial system.
Japan Times
WORLD
Oct 11, 2022
Bernanke and two academics win Nobel in economics for work on banks’ role in crises
Former Federal Reserve chair Ben Bernanke and economists Douglas Diamond and Philip Dybvig were awarded for their influential work on the relationship between banks and economic turmoil.
Japan Times
BUSINESS / Economy
Oct 25, 2019
Subprime auto giant's loans souring at fastest clip since 2008
A growing percentage of Santander Consumer USA Holdings Inc.'s subprime auto loans are turning out to be clunkers soon after the cars are driven off the lot.
Japan Times
COMMENTARY / World
Apr 16, 2019
What really caused the global financial crisis?
A new book offers some answers and sensible suggestions to reduce the odds of a future crisis.
Japan Times
BUSINESS / Economy
Apr 15, 2019
Trump, despite solid U.S. growth, says Fed should fire up crisis-era stimulus
President Donald Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.
BUSINESS / Economy
Feb 15, 2019
Fannie-Freddie watchdog pick Mark Calabria urges Congress to overhaul U.S. housing giants to avoid losses
President Donald Trump's pick to lead Fannie Mae and Freddie Mac's regulator pledged to work with Congress on overhauling the companies, while downplaying controversial positions he's previously laid out on everything from the 30-year-mortgage to affordable housing initiatives.
Japan Times
BUSINESS / Economy
Dec 13, 2018
U.S. debt under Trump has ballooned by size of Brazil's GDP: Treasury
U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising under the Trump administration.
Japan Times
BUSINESS / Economy
Oct 22, 2018
U.S. Treasury chief Steve Mnuchin dismisses risk of contagion from China's economic slowdown
U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China's weakest economic growth since the global financial crisis could spill into other emerging markets and destabilise U.S. financial markets.
Japan Times
BUSINESS
Aug 15, 2018
Sarah Sanders claim of more black jobs during Trump era than in Obama's is dead wrong
White House Press Secretary Sarah Sanders falsely claimed that President Donald Trump has created three times as many jobs for black workers as his predecessor, Barack Obama, did during his entire time in office.
Japan Times
BUSINESS / Economy
Mar 12, 2018
London house prices drop at the fastest pace since 2009
London house prices are falling at the fastest pace since the depths of the recession almost a decade ago, with the capital's most expensive areas seeing the biggest declines.
Japan Times
BUSINESS
Jul 31, 2017
The bust never ended for Wall Street's most crisis-scarred banks
Ten years ago today a pair of Bear Stearns Cos. hedge funds that had gorged on subprime mortgage securities filed for bankruptcy, becoming the canaries in the coal mine for the global financial system that collapsed 15 months later.
Japan Times
BUSINESS / Markets
Jun 30, 2017
Traders who left for hedge funds heading back to banks
Traders who fled banks for hedge funds are on their way back to Wall Street.
Japan Times
COMMENTARY / World
Dec 20, 2016
Obama's top achievement: heading off a depression
U.S. President Barack Obama's greatest accomplishment was acting to make sure the Great Recession did not become something far worse.
Japan Times
COMMENTARY / World
Sep 23, 2014
Americans feeling roughed up as incomes lag
Americans have a peculiar prosperity. Their economy is escaping the confines of the Great Recession, but people don't feel reassured. They've lost confidence in the future.
Japan Times
BUSINESS / Companies
Aug 21, 2014
Bank of America settles mortgage probes with DOJ for $16.65 billion
Bank of America Corp. has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.
COMMENTARY / World
Feb 16, 2014
Wrong debate on economic inequality in U.S.
The theory that growing inequality in the 2000s caused many low- and middle-income Americans to over-borrow so that they could keep up with wealthier Americans doesn't hold up. The right debate is on why lenders relaxed credit standards.
COMMENTARY / World
Nov 24, 2013
Why banks shouldn't be blamed for the recession
Banks didn't cause — and shouldn't be punished for — the recession.
Japan Times
BUSINESS / Economy
Sep 29, 2013
American Dream fading for many in wake of financial crisis
Four years into an economic recovery in which most of the benefits have flowed to the top earners, a majority believes that the American Dream is becoming markedly more elusive, according to the results of a Washington Post-Miller Center poll exploring Americans' changing definition of success and their...

Longform

Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?