#great-recession

#great-recession

When Tacolicious opened as a stand at the Ferry Building in 2009, owners Joe Hargrave and Sara Deseran couldn't have known their business would pop off like it did.Though the business debuted during the Great Recession, Tacolicious became a hot spot for upscale Mexican food.They expanded to the Marina, and in 2012 added an expansive location on Valencia Street, followed by locations and spin-offs throughout the Bay.

National Poetry Month Day 28: Tarik Dobbs
Not an Exit I was seventeen interning at a natural gas line, I smelled Like shit, frankly, I washed myself in sanded
Paper, that textured soap - it looked Like dotted rosacea.While I stared at my palm, I F-350'd
Someone's sedan in the parking lot.They never called To claim the cash I offered to help and I still worried.

Siduri Wines and Clarice Wine Company founder Adam Lee was on a plane, midair over New Orleans last week, when he heard the news that his bank of 26 years was in trouble.But it wasn't anger or fear that gripped him.Yes, he was nervous.He had a $70,000 balance with Silicon Valley Bank, the leading bank for California wineries, which collapsed Friday, creating the biggest bank failure since the Great Recession in 2008.

Despite affordability challenges, the Hispanic homeownership rate reached 48.6% in 2022, the eighth consecutive year of growth.Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP) said in its 2022 state of Hispanic homeownership report on Tuesday.

Despite the housing market cool down, homeowners with mortgages, which accounts for roughly 63% of all properties, gained $1 trillion in equity between the fourth quarter of 2021 and the fourth quarter of 2022, according to a report released Thursday by CoreLogic.On average, U.S. homeowners with mortgages gained $14,300 in equity, a jump of 7.3%, from Q4 2021 to Q4 2022.

Last year was a hard one for investors.The and the tech-heavy Nasdaq Composite Index lost 19% and 33%, respectively, in 2022, marking their worst annual performances since 2008, when the global economy was being ravaged by the Great Recession.This year is off to a better start: Both indexes were up nicely in January.

The Double Down was meant to sound like a prank.KFC first announced the sandwich, featuring bacon, cheese, and sauce held between two fried chicken filets, on April Fool's Day in 2010.It was real and went on to become legendary in its absurdity and decadence.Now it seems almost quaint - more extravagant meals can be built at basically every fast-food chain.

This month, an estimated 16 million households receiving SNAP benefits in 32 states and Washington, DC, will see their benefits decrease by at least $95 monthly, according to estimates from the Center on Budget and Policy Priorities, a left-leaning research and policy institute.On average, recipients will lose between 30% and 40% of their SNAP benefits, said Diane Whitmore Schanzenbach, an economist at Northwestern's Institute for Policy Research.

After more than a year of overheated prices, the used-car market cooled by several degrees in December.The trend brings some relief to car buyers.But inventories have yet to reach pre-pandemic levels, and consumers still miss the buying power they had in 2019.While experts say this year's used-car market will continue to improve, consumers need to have realistic expectations of what car buying will look like in 2023.

City Council Speaker Adrienne Adams on Tuesday pushed back on Mayor Eric Adams' latest proposed budget cuts, which included a directive for city agencies to eliminate half of their vacant positions, saying the city can't afford to lose staff amid its current municipal worker shortage.Agency heads were first notified about the new spending reduction plan in a Monday letter from Mayor Adams' Budget Director Jacques Jiha  who heads the city Office of Management and Budget (OMB).

On the retirement front, a new study has some good news for unmarried women: They're no longer falling behind their married peers.Still, it's tough to celebrate equality when it seems to be driven mostly by the falling fortunes of men.Studies about how prepared US workers overall are for retirement tend to be incredibly depressing - and even more so when they focus on women, who say in staggering percentages that they're worried about running out of money.

(Getty; Illustration by Kevin Rebong for The Real Deal)
Investors took a hard pivot away from home purchases in the third quarter, as rising borrowing costs appeared to reverse the sector's record activity in a matter of months.Investor home purchases dropped 30.2 percent year-over-year last quarte r, according to Redfin data.

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before.And while there's some debate around whether we're officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly.

Economists say the expected economic slowdown in 2023 may not result in higher levels of gig work, unlike past recessions when levels of contract work and self-employment spiked.They say the tight labour market, combined with a changing workforce and stubborn inflation, will make a possible recession this year different from those that preceded it.

The Boston Globe Death and distress haunt members of the 2001 title team.Jermaine Wiggins, a tenement kid from East Boston who gained a glimmer of fame by helping the Patriots win their first Super Bowl and launch one of football's greatest dynasties, went broke within two years of his last NFL game.

Not long after several Wall Street banks collapsed in 2008, a nine-page document circulated on an obscure mailing list, proposing a new kind of financial system that wouldn't rely on any "trusted third party."The paper was the basis for what became the cryptocurrency industry.Using sweeping, idealistic language, its adherents vowed to conduct business in a transparent and egalitarian way, rejecting the high-risk practices of a small number of powerful financial firms that caused the Great Recession.

Michelle Singletary is taking time off for the holiday.In her absence, we are offering this updated column from her archive, which originally ran on Nov. 26, 2019.When you're in debt, the responsible thing to do is to ignore the pressure to give.Suppress, as best you can, the misguided guilt that love comes wrapped in a pretty box with a red bow.

The Federal Reserve building in Washington.(Graeme Sloan/Bloomberg News)The financial system isn't at risk of a 2008-style meltdown, but fresh threats are complicating the Federal Reserve's aggressive campaign to tame some of the highest inflation in 40 years, the central bank warned Friday.Chief among these risks is rising volatility in the financial markets, diminishing liquidity for government bonds and geopolitical tensions worldwide, the Fed warned in its semiannual report on global financial stability.

Back when she was a legislative leader, one rare quality that impressed me about Karen Bass was her candor in admitting ignorance about a complex subject.Usually, politicians will try to fake their way through answering a reporter's question involving an issue they don't know squat about.Or if they do assert that more thought is needed, it's often because they're afraid to say what's really on their mind.

If you're a marketer who wants to hear a comforting bedtime story about how brand marketing will endure during the impending recession, you're not going to get it from Sir Martin Sorrell.The conventional thinking goes that if companies maintain their investment in brand marketing to stay top-of-mind, even when the going gets tough, they'll be rewarded on the other side of a downturn.