Great Recession

Gen Z's jaded view of employment, shaped by the Great Recession and current economic challenges like housing and job market barriers, has hardened into distrust. A SignalFire analysis shows entry-level hiring dropped over 50% from 2019-2024, while 57% of Gen Zers believe their generation faces financial failure.

Downtown Seattle's office vacancy rate is currently 27%, higher than the 22% peak during the Great Recession, with no improvement observed. The city faces prolonged challenges with 'zombie' office towers.

Greenspan was a driving force for change at the Fed and a guiding light for investors, though his legacy is clouded by the Great Recession. The article references his role in shaping economic policy and the impact of the 2008 crisis on his reputation.

Alan Greenspan, the U.S. Federal Reserve chair known for overseeing a decade of economic growth and later criticized for contributing to the 2007-2009 financial crisis, died at 100 from Parkinson’s disease complications. His wife, Andrea Mitchell, described him as a man of diverse passions and brilliance, while the Fed acknowledged his role in establishing its credibility through monetary policy.

The CDC reported nearly 4,000 new cases of congenital syphilis in babies in 2024, the highest since the mid-1950s. The rise is linked to the national loss of syphilis control beginning with the Great Recession and defunding of public health programs in 2008. Survivors often face lifelong disabilities or developmental delays.

The article discusses generational tensions between Gen Z and Boomers over financial issues, highlighting Kevin O'Leary's criticism of young people's spending and Gen Z's anger over economic inequality. The author, a Boomer, argues both generations need to listen to each other while acknowledging historical challenges faced by both.

Consumer sentiment in the U.S. has dropped to its lowest level since 1952, with stark partisan divides in economic perceptions. Americans express deeper pessimism than during past crises like the Great Inflation, Volcker shock, and Great Recession, despite strong job markets and a booming stock market.

Barney Frank, the first openly gay U.S. House member and a Massachusetts congressman, was a key figure in post-Great Recession Wall Street reforms. He died at 86.