recession

Carl Juste / Miami Herald

In a 2008 interview, then Brazilian President Luiz Inácio Lula da Silva offered me his formula for success: “I allow the rich to earn money with their investments and I allow the poor to participate in that economic growth.”

Lula’s capitalist-socialist policies, and soaring commodities prices, led Brazil to an astonishing boom in the 2000s. By 2010, as Lula was leaving office, the country was the world’s sixth-largest economy, and 40 million people were added to its middle class.

It was a confident global player.

Now it’s a foundering cautionary tale.

Florida Leads Nation In International Homebuyers

Jun 24, 2014
Sean Bonini/flickr

Florida’s recession could have been worse if not for homebuyers from other countries. 

The nonprofit government watchdog group Florida TaxWatch says international buyers bought up cheap properties and pumped cash into the state’s economy.

The buyers were mainly from Canada, Latin America and Europe – all regular trading partners of the U.S.

http://srnels.people.wm.edu/

07/30/13 - Tuesday's Topical Currents looks at the history of US financial crunches.  It’s easy to recall the recession of 2008 or the 1929 stock market crash, but there have been many more panics, and they’ve all revolved around consumer, state and federal defaults. We’ll speak with Scott Reynolds, author of A NATION OF DEADBEATS:  An Uncommon History of America’s Financial Disasters. The first U-S financial crisis was in 1792. Tha

I resigned a position in November 2012. The income was decent, but the position I resigned was 42 miles north in Broward County. Gas and tolls cost about $600 per month. While the pay was a very good income seven years ago, a lack of raises meant it was no longer adequate. In the past few years we have seen drastic increases in home insurance cost, gas, health insurance, food, and electricity. Yet income levels have not increased to keep pace with the expenses.