American Recovery and Reinvestment Act of 2009 (ARRA) - Commonly referred to as the Stimulus or The Recovery Act, this is the economic stimulus package enacted by the 111th United States Congress in February 2009. The measures are nominally worth $787 billion. The Act includes federal tax incentives, expansion of unemployment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector. The Act also includes numerous non-economic recovery related items that were either part of longer-term plans (e.g. a study of the effectiveness of medical treatments) or desired by Congress (e.g. a limitation on executive compensation in federally aided banks added by Sen. Dodd and Rep. Frank).
Brad DeLong -
A conventional economist's persective on the financial crisis.
Bureau of Economic Analysis (BEA): Overview of the U.S. Economy - BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts
FedSpending.org -
Allows searching of over 88,000 reports from prime recipients of more than $218 billion in contracts, grants, and loans awarded under the American Reinvestment and Recovery Act (Recovery Act) between Feb. 17 and June 30, 2010, as well as additional information on sub-recipients and vendors. Recipients of Recovery Act funds are required to report quarterly about use of the money they receive. The first reports were made public on Oct. 30, 2009. Fedspending.org uses a dataset that was last updated on August 24, 2010.
Financial Crisis of 2007–2010 - A Wikipedia article: The financial crisis of 2007 to the present is a crisis triggered by a liquidity shortfall in the United States banking system. It has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It contributed to the failure of key businesses, declines in consumer wealth estimated in the hundreds of trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity. Many causes have been suggested, with varying weight assigned by experts. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy over the 2010–2011 periods.
Financial Crisis Resources Center - Provided by CGAP, an independent policy and research center dedicated to advancing financial access for the world's poor.
FinancialStability.gov - Features oversight information associated with the U.S. Treasury Department's Financial Stability Plan.
Global Financial Crisis: Essential Resources from the Carnegie Council - What factors and institutions contributed to the crisis? Who should be responsible for fixing the economy? How much worse will it get before the economy improves? How much will our lifestyles have to change? These Carnegie Council resources look at the ethical implications of the financial crisis and explore how the financial system can be rebuilt in a sustainable way that fosters trust and avoids future mistakes.
Le Monde Diplomatique -
Provides global coverage of what the alternative globalisation movement is up to, along with critical discussions of a wide range of social, political, and evironmental and economic issues.
Monthly Review (MRZine) - Keeps a lively flow of critical commentary and contemporary information going related to finance and the economy as well as other issues.
Nouriel Roubini's EconoMonitor - Nouriel Roubini, professor of economics at the Stern School of Business at New York University and founder of the RGE Monitor economic research firm, authors this blog.
Also see Roubini's Global Economics.
Paul Krugman - NYT's columnist Krugman's commentary on economic issues, international trade, and finance.
RealtyTrac -
Compiles local and national U.S. data on foreclosures.
Recovery.gov - The U.S. government’s official website that provides easy access to data related to Recovery Act spending and allows for the reporting of potential fraud, waste, and abuse.
Stern on Finance -
A site dedicated to the understanding of financial markets, financial institutions, and how they interact with the economy. It is maintained by the faculty of the Leonard N. Stern School of Business at New York University.
Troubled Asset Relief Program (TARP) Information - On October 14, 2008, the U.S. government announced a series of initiatives to strengthen market stability, improve the strength of financial institutions, and enhance market liquidity. Treasury announced a voluntary Capital Purchase Program to encourage U.S. financial institutions to build capital to increase the flow of financing to U.S. businesses and consumers and to support the U.S. economy. Under the program, Treasury will purchase up to $250 billion of senior preferred shares on standardized terms.
U.S. House Financial Services Committee Hearing - The U.S. House Committee on Financial Services, chaired by Congressman Barney Frank (D - Massachusetts), held a hearing on "The Future of Financial Services Regulation" on October 21, 2008. This links to transcripts of testimony from that hearing as well as an archived webcast. In their discussions of the need for regulatory changes, a number of those who testified also examined the causes of the current crisis.
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Monday, April 2, 2012 3:10 PM
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