2011
DOI: 10.1093/cjres/rsr005
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California shrugged: fountainhead of the Great Recession

Abstract: California was the epicentre of the current Great Recession. Due to its economic structure, open economy, political institutions and other factors, it has a starring role in the four-fold US crisis underway-housing, urban, industrial and fiscal. First, California was a disproportionately large player in US mortgage markets and its banks engaged in the worst excesses of the housing bubble. Second, California exhibited disproportionate activity in the housing sector among the 50 states and had the most unafforda… Show more

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Cited by 40 publications
(32 citation statements)
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“…This dynamic tension between institutional and resource pressures may be critical in whether or not hospice care is ultimately provided for children. In the current economic recession, as an example, many hospices are reacting to the changing economy and modifying service provision as a means to maintain and enhance resource flows, often contrary to institutional pressures (15). Understanding the relationships between institutional and resource influences and provision of pediatric hospice care is important, if providing hospice care for children is to expand.…”
Section: Introductionmentioning
confidence: 99%
“…This dynamic tension between institutional and resource pressures may be critical in whether or not hospice care is ultimately provided for children. In the current economic recession, as an example, many hospices are reacting to the changing economy and modifying service provision as a means to maintain and enhance resource flows, often contrary to institutional pressures (15). Understanding the relationships between institutional and resource influences and provision of pediatric hospice care is important, if providing hospice care for children is to expand.…”
Section: Introductionmentioning
confidence: 99%
“…Of late, urban scholars have reacted to the exclusive focus on Wall Street and Washington by asserting the role of the ‘urban problematic’ in our understanding of both the production and aftermath of the crisis (Crump et al ., 2008; Bardhan, 2009; Burkhalter and Castells, 2009; Dymski, 2009; Wyly et al ., 2009; Bardhan and Walker, 2010). They remind us that this story is not simply about a static problem, but one inherently linked to the ongoing restructuring of the American metropolis 2 .…”
Section: Introduction: An Urban Crisis On the Metropolitan Edgementioning
confidence: 99%
“…The US Great Recession, which officially spanned the period from December 2007 to June 2009 and whose effects continue to reverberate, was distinguished not only by its depth and slow recovery but also by its geographic extent (Bardhan and Walker 2011; Elsby et al 2010 Gabe et al 2013). The recession’s impact was spatially uneven, but, unlike its immediate predecessors, most regions of the country were hard-hit by increases in unemployment, including those that had experienced only relatively minor economic damage in previous national economic contractions since the 1970s.…”
mentioning
confidence: 99%