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The Regional Economist

October 2009

The "Man-Cession" of 2008-2009: It's Big, but It's Not Great

That men are losing jobs at a much faster rate than women during this recession shouldn't be a surprise.  The pattern is typical.  And it's not just the men in the hard hats who are out of a job—men in almost all categories of work are being affected disproportionately.

Increasing Political Freedom May Be Key To Reducing Threats

The root causes of terrorism might not be poverty and lack of education, as many believe.  Rather, the lack of civil liberties, political rights and the rule of law might be more influential.

Regulating Carbon Emissions: The Cap-and-Trade Program

The anti-pollution program in Congress contains desirable economic features.  But a key component—an auction process covering all permits for carbon emissions—does not seem to be politically viable.

Housing's Great Fall: Putting Household Balance Sheets Together Again

The simplest way to avoid another devastating housing crash and foreclosure crisis probably is to reduce household borrowing and, then, to keep it low.

President's Message: Is the Rate of Homeownership Nearing a Bottom?

Community Profile: Alton Comes to Grip with Industrial Decline

District Overview: Recession Takes Toll on Eighth District Tax Collections

Book Review: In Fed We Trust: New Book Focuses on the Fed in the Eye of the Storm

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