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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: economy

economy stories: 467 news summaries

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 Bernanke Sees
 Economy Stabilizing 

But not going to improve quickly

May 5, 09 11:11 AM CDT
(Newser) - It looks like the economy is stabilizing, Ben Bernanke told the congressional Joint Economic Committee today, but recovery won’t be quick, and there are still “sizable job losses” on the horizon. “We continue to expect economic activity to bottom out, then to turn up later this year,... More »

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Congress • Ben Bernanke • Federal Reserve • testimony • economy



 In Hard Times, 
 Big Donors 
 Don't Flaunt It

Some seek subtlety as neighbors struggle

May 4, 09 11:29 AM CDT
(Newser) - In hard times, big givers are staying out of the spotlight, the Chronicle of Philanthropy reports. Some 19% of donations of $1 million or more in the past 10 months have been anonymous, compared with 3%-5% over the past 10 years. Donors often stay nameless to keep other charities from... More »

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philanthropy • recession • donation • anonymous • economy • charitable giving

ANALYSIS

3 Million US Job Openings Isn't
a Good Thing

Figure shows troubling disconnect between employers, workers

May 1, 09 2:26 PM CDT
(Newser) - Even with the unemployment rate shattering records, 3 million jobs nationwide remain unfilled. But the growing mismatch between employers and workers tarnishes that silver lining, Peter Coy argues in BusinessWeek. Untrained job-seekers often don’t have necessary skills to work in growing sectors like health care and accounting, and employers... More »

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health care • accounting • unemployment • job market • unemployment benefits • economy • job training

Economy Shrinks Faster Than Expected
in 1st Quarter

6.1% pace fueled by biz cutbacks, export drop

Apr 29, 09 8:13 AM CDT
(AP) - The US economy shrank at a worse-than-expected 6.1% pace at the start of this year as sharp cutbacks by businesses and the biggest drop in US exports in 40 years overwhelmed a rebound in consumer spending. Today's Commerce Department report dashed hopes that the recession's grip on the country... More »

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United States • exports • consumer spending • Department of Commerce • economy • financial crisis

TALK SHOW ROUNDUP

 Iran Prez: 
 No Talks 
 Without 
 Preconditions 

Gibbs: WH 'very serious' about swine flu outbreak; Summers: recession will worsen

Apr 26, 09 10:07 AM CDT
(Newser) - Rebuffing President Obama’s call for beginning US-Iranian negotiations without preconditions, Mahmoud Ahmadinejad pushed instead for a “clear-cut framework for talks.” In an interview from Tehran, the Iranian president told ABC’s This Week, “The agenda should be clear,” and complained that Obama didn’t respond... More »

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Iran • Barack Obama • Mahmoud Ahmadinejad • Valerie Jarrett • economy • Robert Gibbs • Lawrence Summers • swine flu

March New Home Sales Down 0.6%

But that's good news: Numbers are actually better than expected

Apr 24, 09 11:09 AM CDT
(AP) - New US home sales dipped slightly last month but still beat expectations as builders start to see long-awaited encouraging signs about the housing market—including a dip in the inventory of new homes for sale. Sales fell 0.6% in March to a seasonally adjusted annual rate of 356,000,... More »

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housing market • homes • home sales • Department of Commerce • home builders • new home sales • economy

OPINION

Obama Could Try Some of His Vaunted Fiscal Responsibility

Administration involved in major economic gambles

Apr 21, 09 11:10 AM CDT
(Newser) - In a recent speech at Georgetown, President Obama outlined his plans for the economy. The funny thing is, David Brooks writes in the New York Times, "he sounded like a cultural conservative." The president talked about the good old days and vowed to end fiscal irresponsibility. In short,... More »

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Barack Obama • stock market • Georgetown University • economic stimulus package • David Brooks • economy • economic crisis

 Zimbabwe Central Bank 
 Stole Cash to Stay Solvent 

Governor admits pilfering private accounts to keep ministries running

Apr 20, 09 11:26 AM CDT
(AP) - Zimbabwe's central bank governor admits he took money from bank accounts of private businesses and foreign aid groups without permission to keep the country's cash-strapped ministries running. Gideon Gono said today he loaned money from the private hard-currency accounts to the government. He says the accounts will be reimbursed when... More »

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Africa • inflation • Zimbabwe • economics • economic reform • incompetence • central bank • economy • hyper-inflation • economic crisis • Gideon Gono

Fed Swears Stimulus Won't Spike Inflation

Central bank will 'adapt flexibly' and one day reverse rescue plans

Apr 18, 09 5:32 PM CDT
(Newser) - The Federal Reserve's plans to plunge more money into the economy are “necessary, safe, and effective" and “will not lead to adverse aftereffects,” Ben Bernanke's top deputy said today. Giving a speech at Vanderbilt University, Fed Vice Chairman Donald Kohn admitted that the Fed's balance sheet... More »

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inflation • Federal Reserve • balance sheets • economy • Donald Kohn

OPINION

 Don't Get Excited, 
 Crisis Isn't Over: Krugman 

Tough times ain't over—and we can't afford 'complacency'

Apr 17, 09 10:54 AM CDT
(Newser) - We’re hearing about “glimmers of hope" from policymakers, but the president’s biggest lefty naysayer has a word of warning: “Don’t count your recoveries before they’re hatched,” Paul Krugman writes in the New York Times. “Premature optimism” has been disastrous during previous downturns,... More »

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recession • recovery • Paul Krugman • optimism • economy • President Obama

OPINION

Old Days—Good and Bad—Are Back: Noonan

In slump, simple pleasures are chic as traditional values gain

Apr 17, 09 10:36 AM CDT
(Newser) - Reading about a Michigan family that shed modern excess in favor of a self-sufficient farm life didn't strike Peggy Noonan as shocking in these economic times. Her fellow New Yorkers have already begun responding to the same forces, causing Noonan to predict the rise of "a certain authenticity chic,... More »

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agriculture • retail • fashion • sustainable living • New York City • shopping • farming • recession • Botox • retail sales • economy

 New Home 
 Construction 
 Down 11% in March 

Slow pace projects that market dive hasn't run its course

Apr 16, 09 9:12 AM CDT
(AP) - Housing construction plunged to the second-lowest level on record last month, providing a sobering sign that the worst housing slump in decades has not ended. Construction of new homes dropped by nearly 11% , the second-lowest construction pace in records that go back 50 years. The decline was worse than economists... More »

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housing market • construction • recession • housing starts • economy • financial crisis

 Consumer Prices Dip in March 

Prices drop 0.1%, despite tobacco hike

Apr 15, 09 1:18 PM CDT
(AP) - Consumer prices dipped unexpectedly in March, leaving prices over the past year falling at the fastest clip in more than a half-century. The recession is expected to keep a lid on inflation as widespread layoffs dampen wage pressures and weak demand keeps companies from raising prices. Consumer prices edged down... More »

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inflation • tobacco • price • deflation • economy • consumer price index

(Newser) - President Obama said today that the US faces a long slog in finding its way out of financial tumult, but emphasized that he is seeing signs of hope, the New York Times reports. "Times are still tough," he said. "By no means are we out of the... More »

MORE ABOUT:
recession • speech • economy • Obama administration • financial crisis • President Obama • economic downturn

 March Retail Sales Show Surprise 1.1% Drop
 

Blow to hopes that economy has hit trough

Apr 14, 09 8:27 AM CDT
(AP) - Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out. The Commerce Department cited a 1.1% drop, the biggest decline in 3 months and a much weaker showing than the 0.3% increase that analysts expected. Falling auto sales... More »

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retail • recession • retail sales • economy • wholesale prices


 In Recession, 
 Teaching, Service 
 Hot Jobs for Grads 

Recession will effect talent flow for years to come

Apr 12, 09 5:51 AM CDT
(Newser) - The dream of pulling in big bucks just out of college at a prestigious Wall Street job is fading in the face of the recession, and early signs point to public service, government, science, and education as today's emerging hot industries, reports the New York Times. The economy, combined with... More »

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Barack Obama • Wall Street • recession • teaching • economy • career

Frugalistas Rejoice: Recession Is a Validation

'Frugalistas' embrace new thrifty values

Apr 11, 09 11:15 AM CDT
(Newser) - Shredding credit cards and buying less may sound like consumer America's version of hell, but some—especially those penny-pinchers long scoffed at as miserly—are downright gleeful. "This validates the choices I've made," one tells the New York Times. With the savings rate up a remarkable 4 points... More »

MORE ABOUT:
money • recession • Americans • savings • economy • frugality

Pentagon Game Simulates Global Economic Warfare

The exercise showed China to be the savviest economic operator

Apr 9, 09 9:33 AM CDT
(Newser) - Last month, the Pentagon hosted a new kind of war game, focused not on a “shooting war,” but on how hostile states might damage the US economy, Politico reports. Instead of decorated military brass calling the shots, shirt-sleeved hedge fund managers, academics, and executives played out scenarios shifting... More »

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China • Russia • Pentagon • war games • global economy • Chinese economy • economy

 American Psyche Shows 
 Recession Stress Fractures 

70% fear family income loss

Apr 9, 09 9:21 AM CDT
(Newser) - Depression is up as the US economy proceeds downward, but many of those complaining are not actually facing financial problems—they simply fear they could. “Even if you do everything right, something bad can happen to you,” says a woman whose doctor prescribed therapy. Polls find the economy... More »

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mental health • middle class • Americans • therapy • anxiety • economy • recession depression

 Economy Sparked Recent 
 Killing Sprees: Experts 

57 kllled in mass murders in past month

Apr 8, 09 9:57 AM CDT
(Newser) - With mass murderers having gunned down some 57 people in the last month, many observers say the troubled economy may be triggering the increase in such attacks, the Washington Post reports. “It could be the loss of a job, the loss of a lot of money in the stock... More »

MORE ABOUT:
crime • murder • recession • mass shootings • economy

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