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Latest Economic history Stories

2011-09-15 20:19:02

A study published in the October issue of the Journal of Labor Economics suggests an unexpected consequence of the housing bust: lower college attendance. The study, by Cornell economist Michael Lovenheim, finds evidence that when home values soared in the late 1990s and early 2000's, many families borrowed against that new equity to send kids to college, boosting overall college attendance nationwide. Now that the boom is over and families have less equity in their homes, it could mean...

2011-09-05 11:52:39

The Great Recession and ensuing job crisis continue to take a toll on union membership, according to UCLA's annual report on organized labor. From July 1, 2010, to June 30, 2011, unionization rates remained essentially flat in Los Angeles but fell close to a percentage point in California and tumbled to historic lows nationwide, researchers from the university's Institute for Research on Labor and Employment (IRLE) found. "The trend is bad for unions, it's bad for workers and, because...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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