National Bureau of Economic Research

(Newser) - Break out the champagne: The recession is over! In fact, it’s been over since June 2009, according to a new report from the National Bureau of Economic Research, an unofficial group that marks the start and end of such economic events. Things may not be great, the committee concluded,...

(Newser) - Oil prices continue to plunge as demand slackens amid the global economic downturn. Oil has dropped 19% drop this week, the biggest weekly decline in five years, reports Bloomberg. Prices have tumbled 70% since reaching a record $147.27 in July, and  some predict prices may dip as low as...

(Newser) - Barack Obama has chosen Christina Romer, a Berkeley economics professor, to lead the Council of Economic Advisers, ABC News reports. The council analyzes economic developments and recommends policy for the president. Obama will announce Romer’s appointment, along with the rest of his economic team, today.

(Newser) - Studying sales of Confederacy bonds in Amsterdam during the US Civil War, two economists say they're able to judge how European traders saw the South's chances of victory, the Wall Street Journal reports. Investors pegged the rebels' odds at 42% early on, but their 1863 defeat at Gettysburg sank bond...