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  • **FILE** Worker Maria Contrero removes an elite running shoe from a sole press May 1, 2012, during the assembly process at the New Balance Athletic Shoe, Inc. factory in Boston. (Associated Press)

    Economic recovery is weakest since WWII

    The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.

  • Greg Mann, an unemployed research analyst and real estate appraiser, is pictured at his home Tuesday, Aug. 14, 2012, in Braselton, Ga.. The recession that ended three years ago lingers on as the worst economic recovery since the Great Depression. (AP Photo/John Amis)

    Economic recovery rockiest since Depression

    The recession that ended three years ago this summer has been followed by the feeblest recovery since the Great Depression, according an extensive review of the country's economic ups and down over the past eight decades.

  • Greg Mann, an unemployed research analyst and real estate appraiser, sorts and cuts coupons at his home Tuesday, Aug. 14, 2012, in Braselton, Ga.. The recession that ended three years ago lingers on as the worst economic recovery since the Great Depression. (AP Photo/John Amis)

    Economic recovery is weakest since WWII

    The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.

  • Coons

    Political Scene

    Former Alaska Gov. Sarah Palin raised more than $1.2 million for her political action committee during the last quarter, giving $93,500 to conservative candidates and causes ahead of the looming midterm elections in which she's played a major role.

  • Dale Mortensen (shown), along with Peter Diamond and Christopher Pissarides, developed a tool that is used as to estimate how unemployment benefits, interest rates and other factors can affect the labor market. (Associated Press)

    3 win Nobel prize for work on labor market

    Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain how many people can remain unemployed despite a large number of job vacancies.

  • ** FILE ** Peter Diamond (AP Photo/Gregorio Borgia, File)

    2 Americans, 1 British-Cypriot win econ Nobel

    Two Americans and a British Cypriot won the 2010 Nobel economics prize Monday for developing a theory that helps explain how many people can remain unemployed despite a large number of job vacancies.

  • ** FILE ** In this April 16, 2008, photo, Janet L. Yellen, president and CEO of the Federal Reserve Bank of San Francisco, speaks about foreclosures to the Bay Area Council Outlook Conference in Alameda, Calif. President Obama on Thursday, April 29, 2010, named Ms. Yellen to be vice chairwoman of the Federal Reserve and filled two other vacancies at the central bank whose decisions influence economic activity, employment and inflation. (AP Photo/Paul Sakuma)

    Fed nominee: Lax regulation contributed to 2008 crisis

    Janet L. Yellen, the president's pick to be the second-highest ranking official at the Federal Reserve, acknowledged Thursday that regulators were slow to crack down on risky banking practices that stoked the 2008 financial crisis.

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Quotations
  • "A housing collapse is very different from a stock market bubble and crash," said Nobel Prize-winning economist Peter Diamond of the Massachusetts Institute of Technology. "It affects so many people. It only corrects very slowly."

    Economic recovery rockiest since Depression →

  • "A housing collapse is very different from a stock market bubble and crash," says Nobel Prize-winning economist Peter Diamond of the Massachusetts Institute of Technology. "It affects so many people. It only corrects very slowly."

    Economic recovery is weakest since WWII →

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