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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: economy

economy stories: 467 news summaries

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Analysis

Unemployment Will Probably Miss 10%: Silver


Aug 10, 09 11:52 AM CDT
(Newser) - Lots of economists are predicting that unemployment, which at last count hung at 9.4%, will hit 10% before the calendar changes, but Nate Silver of FiveThirtyEight.com disagrees. For that to happen, the economy would need to lose another million jobs or so, and "the jobs picture is... More »

MORE ABOUT:
unemployment • job market • shrinking workforce • labor market • economy • Nate Silver

 Reappoint Bernanke: Krugman 


Aug 10, 09 11:21 AM CDT
(Newser) - If there’s any justice, Ben Bernanke will get another go-around at the helm of the Federal Reserve, Paul Krugman tells Bloomberg. “He’s earned the right to a second term,” the Nobel laureate says. “When the banking system failed to deliver capital where it was needed,... More »

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Ben Bernanke • Federal Reserve • Nobel Prize • Nobel Prize in Economics • Paul Krugman • economy • Joseph Stiglitz • Obama administration • President Obama

OPINION

Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

Aug 10, 09 8:22 AM CDT
(Newser) - The economy isn’t in great shape, but we’re going to avoid Great Depression II, writes Paul Krugman in the New York Times. “What saved us? The answer, basically, is big government.” Unlike the private sector, the government didn’t decrease spending as its income decreased,... More »

MORE ABOUT:
government spending • Paul Krugman • economic stimulus package • economy • financial crisis • Wall Street bailout • big government

(Newser) - China's version of eBay is flourishing despite a crawling global economy and critics accusing the company of abetting black marketeers, the New York Times reports. Started 6 years ago, Taobao.com offers free listings, which forced eBay out of China and lured 120 million users who generate $15 billion in... More »

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China • eBay • Chinese economy • Taobao • economy • online sales

(Newser) - A chic San Diego hotel is offering rooms for only $19 a night—without toiletries, towels, sheets, or a bed, the San Diego Union-Tribune reports. “It's our way of getting people here that might not normally come," says Rancho Bernardo Inn manager John Gates. Taken over by... More »

MORE ABOUT:
recession • deal • economy • downturn • hotels


 Stimulus Worked: 
 Economists 

Good news for prez ahead of today's job-loss report

Aug 7, 09 10:14 AM CDT
(Newser) - President Obama’s stimulus package appears to have helped the economy bottom out more swiftly, an economists’ report says. Analysts hold that the stimulus boosted economic growth by about a percentage point in the second quarter—not enough to keep the economy from shrinking but enough to slow the pace... More »

MORE ABOUT:
recession • economic stimulus package • economy • Obama administration • President Obama • economists • economic recovery

Women of the Future: Powerful, Stressed

Women feel overworked amid gains in economic clout

Aug 6, 09 5:48 PM CDT
(Newser) - Women are gaining economic clout, but they’re also feeling overburdened, a survey of 12,000 women in 21 countries finds. Women spend some 70% of consumer dollars globally and are set to produce 70% of household income growth in the next 5 years—meaning entrepreneurs who can help them... More »

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women • study • business • power • stress • market • survey • happiness • economy

TALK SHOW ROUNUP



 Geithner Won't 
 Rule Out 
 Middle Class 
 Tax Hike 

Romer says the economy hasn't bottomed yet

Aug 2, 09 10:00 AM CDT
(Newser) - President Obama’s top economic advisers fanned out across the Sunday talk shows today, with Tim Geithner leaving open the possibility that Obama would renege on a campaign promise not to raise taxes on the middle class. “We’re going to have to do what’s necessary” to revive... More »

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health care • Barack Obama • taxes • economy • Timothy Geithner • Christina Romer • Cash for Clunkers

(AP) - Citing fresh evidence that the economy is on the road to recovery, President Obama this morning credited his $787 billion economic stimulus program for helping "put the brakes on this recession," and cautioned that full recovery will take many more months. The country's future economic prosperity depends on... More »

MORE ABOUT:
Barack Obama • recession • economic stimulus package • economy • radio address

(Newser) - The US economy contracted in the second quarter, but it was a mild decline that beat analyst estimates, Bloomberg reports. GDP fell 1%, less than the 1.5% economists predicted, and a heck of a lot less than the 6.4% and 5.4% drops seen in the two... More »

MORE ABOUT:
economic indicators • consumer spending • GDP • economy

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has... More »

MORE ABOUT:
stock market • Citigroup • earnings reports • Kellogg • Ford • corporate earnings • second quarter earnings • Dow Chemical Co. • economy

(AP) - The economy is finally beginning to show signs of stabilizing in some parts of the US, bolstering hopes of a broader-based recovery this year. A Federal Reserve snapshot of economic conditions issued today finds that most of the Fed's 12 regions indicated either that "the pace of decline has... More »

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Federal Reserve • United States • recession • economy • financial crisis • economic downturn • economic crisis • stabilizing

ANALYSIS


 Dems' 2010 
 Prospects 
 Start to Dim 

Economy plagues party whose future looked brighter months ago

Jul 29, 09 9:16 AM CDT
(Newser) - Things looked rosy for the Democrats in January—but amid economic concerns and trouble for party governors, 2010 could be tougher than expected, Politico reports. Midterm elections typically favor the opposition, and “we don’t have the burden of Iraq as we did in 2006 and don’t have... More »

MORE ABOUT:
Democrats • governor • economy • polls • Election 2010 • Republicans • midterm elections

In Recession, Homeowners Nail Contractors

As many vie for projects, consumer gains the upper hand

Jul 28, 09 2:41 PM CDT
(Newser) - Hiring a contractor to remodel a kitchen or resurface a floor once meant a lot of hassle and some serious cash. But the recession has changed all that: Contractors these days are ready and willing to work on the cheap, Time reports. Projects are smaller, and spending on remodeling is... More »

MORE ABOUT:
contractors • recession • homeownership • economy • building

 Risk Aversion Keeps 
 Loans Shrinking 

Trend suggests economy has a long way to go

Jul 27, 09 10:34 AM CDT
(Newser) - Lending is still on the downswing, the Wall Street Journal finds, as an analysis of 15 banks' total loans on offer in the second quarter shows another 2.8% decline. What's worse, more than half of April and May’s loan volume was tied to refinanced mortgages and renewed credit... More »

MORE ABOUT:
loans • recession • bank • lending practices • economy • financial crisis • TARP

ANALYSIS

Recession Is Kaput; Now
for the 'Smart Economy'


Jul 26, 09 4:23 PM CDT
(Newser) - The Great Recession is cooling off, but Americans will feel the heat for a while—because recovery is tricky this time, Daniel Gross writes in Newsweek. Another economic bubble inflated by consumption would be a mere Band-Aid. That's why President Obama is trying to create a four-sided "smart economy"... More »

MORE ABOUT:
health care • broadband Internet • recession • recovery • infrastructure • green technology • economy • economic recovery

(Newser) - President Obama has big plans for the economy, and that’s too bad because he knows nothing about it, Fred Barnes writes in the Weekly Standard. All of his proposals and angry jabs at Wall Street are counter to his professed interest in growth and job creation. “Obamanomics... More »

MORE ABOUT:
economics • recession • Federal government • economy • Obama administration • financial crisis • President Obama • economic downturn • Fred Barnes

 Minimum Wage Rises to $7.25 

Some say hike will hurt small business; others hold it'll boost economy

Jul 24, 09 11:45 AM CDT
(Newser) - The minimum wage today jumps 70 cents to $7.25 an hour, a move that rekindles a debate as old as the wage itself, notes the Atlanta Journal-Constitution. Some worry that the increase puts an unfair burden on small businesses, especially with times so tight; others say low-wage earners will... More »

MORE ABOUT:
minimum wage • wages • recession • circulation • economy

Analysis

Good News: We've Hit Bottom!

Of course, the
bad news is:
We've hit bottom!

Jul 24, 09 9:13 AM CDT
(Newser) - Former Fed vice chairman Alan Blinder has some good news and some bad news about the economy, and it’s the same news: We’ve hit bottom. Third-quarter GDP should turn positive, and the fourth quarter could even hold an upside surprise. Growth of 3% or even 4% is utterly... More »

MORE ABOUT:
Federal Reserve • US economy • GDP • economy • Alan Blinder • US gross domestic product • financial crisis

ANALYSIS

 Things We Want, 
 and Don't, in Odd Recession 

Hard-times staples fall by the wayside

Jul 22, 09 11:04 AM CDT
(Newser) - The current economic crisis is breaking the recessionary mold, Time reports, with American purchases running counter to expectations. A few surprises:
  • Soup isn’t selling. Typically, the cheap, decent food is a recession staple, but health concerns and rising prices may be driving us away from it.
  • Organic
... More »

MORE ABOUT:
film • organic food • sex • recession • soup • economy • recession depression • what recession?

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