Exhaustion of unemployment benefits lowers jobless rate? Huh?

As much as one quarter of the drop in the unemployment rate between October 2009 and January 2011 can be attributed to the exhaustion of extended unemployment insurance benefits, according to economists at the Federal Reserve Bank of Chicago.

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Joseph Stiglitz’s “Freefall” offers interpretation of recession

As the economy begins to slowly piece itself back together after the Great Recession, many are still wondering how it all happened. What went wrong? How could this have been prevented? Nobel Prize-winning economist Joseph Stiglitz tackles those questions and more in his analytic book “Freefall: America, Free Markets, and the Sinking of the World Economy.”

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Book Review: Lords of Finance

Liaquat Ahamed’s Pulitzer Prize-winning “Lords of Finance” weaves international exchange rates, foreign reserves and the inter-war period’s “barbarous relic” – gold – together from the vantage point of four men who directed the fates of millions toward the granddaddy of all economic crises: The Great Depression.

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