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The State of the New Economy

Can’t see the above video? Click this link to watch. In this video interview, David M. Smith, PhD, Associate Dean of Academic Affairs and Associate Professor of Economics at the Graziadio School of Business and Management discusses the impact of the American Reinvestment and Recovery Act so far, the fate of female and older workers … Continued

Learning on the Job

This op-ed first appeared in the Los Angeles Business Journal and is reprinted with their permission. In recent weeks there hasn’t been much data supporting sustained economic stability, much less a recovery. However, it does appear the economy is no longer in a freefall, and we are likely experiencing the depths of this downturn. Since … Continued

U.S. Economic Recovery May Not Be So Soon in Coming

Davide Accomazzo, MBA    Economic forecasting is never an easy task but admittedly this year is harder than usual. The deep financial and social dislocations we suffered in the last 12 months have set in motion dynamics we hardly understand in their full ramifications. Most forecasts seem to point to a difficult first half followed by … Continued

Why Did Subprime Loans Become Such a Big Deal?

Intelligent people, including my wife, have been asking me questions about the subprime mortgage crisis. The point that seems to stump them is why a relatively small percentage of subprime mortgage defaults has led to a spiraling national credit crisis, how it happened, and where do we go from here. They were good questions, and … Continued

Dream to Nightmare: Who Should Pay for the Housing Disaster?

This is a guest post by Peggy Crawford, PhD, Professor of Finance, and Terry Young, PhD, Professor of Economics The housing saga continues. The hope of “owning a piece of the American dream” is becoming a nightmare for some home buyers. While optimists argue that the “worst” is over as they cling to any sign … Continued