recession

Financial Meltdown
4:40 am
Mon July 14, 2014

Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe

Citigroup has agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.
Kiichiro Sato AP

Originally published on Mon July 14, 2014 8:53 am

Citigroup said Monday it had agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.

The deal covers mortgage-backed securities and collateralized debt obligations issued, structured or underwritten by Citi between 2003 and 2008, the company said in a statement on its website.

Read more
Thinning Of Middle Class
12:30 pm
Wed March 26, 2014

US Will Return To Historic Levels Of Inequality Says One Economist

Tyler Cowen's book "Average is Over."

Here in the Puget Sound region and across the country, the economy is making slow and steady progress in recovering from the Great Recession of 2008. But moving forward, many questions still remain. A crucial one involves the growing inequality gap. Economist Tyler Cowen says the U.S. will return to historic levels of inequality and in turn, we'll see a thinning out of the middle class.

His latest book is called “Average Is Over: Powering America Beyond The Age Of The Great Stagnation.” Cowen talked with Marcie Sillman.

Read more
Slow Regrowth Of Construction
4:00 am
Thu September 26, 2013

Construction Is Everywhere, But Industry Still Fragile

Flickr Photo/clappstar

Construction is now the fastest-growing industry in Washington state. Construction cranes fill the skyline. Public works projects like light rail lines and the tunnel project snarl our streets. But despite appearances, construction has not yet fully recovered from the 2008 recession.

Read more
Emerging From Recession
10:56 am
Wed September 25, 2013

Luke Timmerman On Finding Biotech Work

Flickr Photo/World Bank Photo Collection

The biotech industry took a big hit during the recession, and it can still be difficult in this area to find and keep work in that field. But for those looking to enter the industry there are a few things you should keep in mind. Luke Timmerman, the national biotech editor at Xconomy, an online business and technology blog, explains what you should consider before taking a job in biotech and the challenges of the industry.

Read more
Welder Demand
1:00 am
Thu September 19, 2013

Passing The Torch To A New Generation Of Welders

Welding student Mike Mullins.
KUOW Photo/Jake Warga

Welding torches have sizzled at the Vigor Industrial shipyard on Seattle’s Harbor Island for a century. But the men and women behind the welding masks in this particular warehouse have only been at it for two weeks. The demand for skilled welders is so high that the shipyard and the state are now paying to teach the skill to displaced workers.

Read more
Recession Recovery
1:00 am
Thu September 19, 2013

Rents Rising In Seattle And Portland As Wages Stay Flat

Flickr Photo/Daniel Spils

If you’re on the hunt for an affordable apartment in Seattle, Bellevue or Tacoma – good luck. Rents in these urban areas continue to climb higher while people’s earnings remain stagnant, according to a new annual census report released Thursday.

Read more
From Mechanic To Nurse
8:20 am
Tue September 17, 2013

Health Care Sector Jobs Slowly Rebounding From Recession

Ross McGilvray works as a registered nurse in the Medical Telemetry unit at Virginia Mason Hospital in Seattle, Wash.
karenducey.com/Karen Ducey

Nursing schools around the country have seen a jump in enrollment in the last few years. Many students were hoping to get in on what was supposed to be a recession-proof field: the growing health care sector. Instead, new graduates faced a tough market.

Read more
Economics
6:00 am
Wed August 21, 2013

Put Your Money Where Your Mouth Is: The Conversation Talks Economics

Paul Krugman
Center for American Progress

We discuss the economy a lot on The Conversation. From the effects of the recession to financial planning, money is always in the news. Today, we rebroadcast some of our best interviews with economists and financial reporters, including a talk with Paul Krugman in front of a live studio audience.

Read more
Resort Foreclosure
7:08 am
Fri February 8, 2013

Western Idaho Resort Muddles Through Extended Limbo

Tom Banse Northwest News Network

Originally published on Thu February 7, 2013 3:41 pm

DONNELLY, Idaho - The real estate crash triggered some big bankruptcies in the Northwest, but few are as spectacular and convoluted as the foreclosure of the unfinished Tamarack Resort in western Idaho. What was supposed to be the Northwest's newest destination resort remains in extended legal limbo, but plucky homeowners are keeping it alive until a new buyer arrives.

Read more