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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: US economy

US economy stories: 303 news summaries

61 - 80 of 303 Stories | << Prev 1 2 3 4 5 6 7 8 ... 16 Next >>

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 Fears of Deflation 
 Spook Economists 

With oil below $50 and sales everywhere, economists seek solutions

Nov 21, 08 9:18 AM CST
(Newser) - Lower prices may sound like a good thing, but economists say sustained deflation poses a serious threat to any turnaround, the Washington Post reports. Consumer prices are tanking on everything from clothes to steel, which feeds a cycle: People stop buying as they hold out for better sales, and stores... More »

MORE ABOUT:
Ben Bernanke • US economy • deflation • consumer prices

Military Recruitment Up
Amid Job Crisis 

Pending Iraq withdrawal also increasing appeal

Nov 19, 08 2:45 AM CST
(Newser) - More young people are considering joining the military as civilian jobs dry up and the US begins to prepare plans to withdraw from Iraq, reports USA Today. After years of difficulty finding recruits, a Pentagon survey shows a jump from 9% to 11% in the number of 16- to 20-year-old ... More »

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Iraq • Pentagon • US military • recruitment • US economy • financial crisis

Economic
Slump Hits the Dog House

More abandonments, fewer adoptions put burden on shelters

Nov 9, 08 12:00 PM CST
(Newser) - Our furry friends don't know what an economic downturn is, but they're feeling its effects as much as we are, Reuters reports. Between owners finding they can't afford the best cat food to dogs being sent to foster care when homes are foreclosed, shelters are seeing a spike in abandonments.... More »

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pets • US economy • rescue dogs • cat • animal shelters • financial crisis

 Brothels Screwed by Economy 

Even sex isn't selling as truckers losing 'play money' bypass Nevada brothels

Nov 4, 08 12:00 PM CST
(Newser) - The flagging economy is threatening to send Nevada's whorehouses to the poorhouse, the Los Angeles Times reports. Managers of some of the state's 25 legal brothels say they have no shortage of newcomers—some as old as 74—wishing to enter the world's oldest profession, but food and fuel prices... More »

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prostitution • recession • US economy • Nevada • brothel • prostitute • sex trade • sex industry

 Everything Must Go: 
 Hard Times Create 
 Yard Sale Boom 

'Thrift economy' thriving as households struggle to meet mortgage payments

Oct 25, 08 5:05 AM CDT
(Newser) - Yard sales are on the rise nationwide as the economy heads for the cellar, the New York Times reports. Flyers for sales cover lampposts in formerly booming communities as struggling homeowners seek to raise cash from selling off all the non-essentials—even children's toys. Many of the bargain-hunters are in... More »

MORE ABOUT:
recession • sales • US economy • sale

 Oil Sinks Below $70 
 as Economy Tanks 

Price oil halves in 3 months as demand takes a dive

Oct 17, 08 2:20 AM CDT
(Newser) - Dropping demand sent a barrel of oil dipping below $70 for the first time in 14 months yesterday, the Wall Street Journal reports. Prices have dropped more than 50% in three months—a sign of a deeply troubled economy, but one that could help the world recover as companies that... More »

MORE ABOUT:
oil • recession • global economy • US economy • oil price • oil prices • financial crisis

Dems Pitch $300B Plan to Jump-Start Economy

But it may have to
wait until January

Oct 14, 08 3:31 AM CDT
(Newser) - House Democrats are mulling a huge infusion of public cash to kick start economic growth, the New York Times reports. The proposal, announced after a meeting with top economists, would use up to $300 billion to create jobs in new public works projects, and boost food stamp and unemployment insurance... More »

MORE ABOUT:
Nancy Pelosi • Congress • recession • US economy • economic stimulus package • financial crisis

OPINION

 Bailout Won't 
 Bail Out Bernanke 

Nation needs explanation of how it will help

Oct 6, 08 2:42 PM CDT
(Newser) - The economic bailout plan does nothing to address the "collapse in confidence" hammering the financial system, Christopher Carroll writes for the Financial Times. Using the example of the "Bank of Rome" in August, 79 AD, the Johns Hopkins economist argues that the plan makes as much... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • US economy • Treasury Department • Pompeii • bailout • Treasury secretary • financial crisis

Economic Crisis Is Too Advanced for Rescue

Layoffs just part of the problem, as states, consumers cut back

Oct 5, 08 1:24 PM CDT
(Newser) - September's spike in US unemployment numbers was the latest indication of a faltering economy, but the country's problems certainly aren't limited to layoffs. Unfortunately, the $700 billion bailout plan won't make things much better, analysts tell the Los Angeles Times. From consumer activity to state governments, the economic signs are... More »

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layoffs • consumer goods • US economy • bailout • financial crisis

Obama Cracks Open Lead
on Economic Fears

Poll finds Obama leading McCain by 9%; Palin approval ratings falling

Sep 24, 08 4:31 AM CDT
(Newser) - Wall Street's worries are working in Barack Obama's favor, according to a new Washington Post/ABC News poll. The candidate has opened up his first clear lead of the race against John McCain, 52% to 43%, with much of the boost coming from voters who see him as more capable of... More »

MORE ABOUT:
Barack Obama • John McCain • poll • US economy • Washington Post ABC poll • campaign issues • Election 2008 • Sarah Palin • opinion polls

Wrangle Over $700B Bailout Heats Up

Lawmakers seek pay caps, homeowner help, as doubts mount

Sep 23, 08 6:58 AM CDT
(Newser) - Congress and the Bush administration are edging closer to an agreement on a bailout for financial firms—but several major sticking points remain, the New York Times reports. Progress has been made on oversight for the $700-billion fund, but lawmakers are pushing for taxpayers to get an equity stake in... More »

MORE ABOUT:
Congress • Ben Bernanke • Federal Reserve • US economy • credit crisis • John Paulson • subprime crisis • Senate Banking Committee • bailout • financial crisis

Main Street Skeptics Slam Bailout Scheme

Many doubt their tax dollars should cover Wall Street's 'greed'

Sep 22, 08 10:40 AM CDT
(Newser) - While Wall Street stands to gain in the federal bailout, many on Main Street are deeply skeptical, the Washington Post finds in a heavily foreclosed-upon Virginia community. “I've been financially responsible with my own money. Why should I now be responsible for the fact that you were not?” wonders... More »

MORE ABOUT:
taxes • US economy • subprime crisis • bailout • George W. Bush • Main Street • financial crisis

OPINION

 Economy's in 
 for Grueling 
 Hangover 

Time to pay for the party

Sep 21, 08 6:05 AM CDT
(Newser) - The federal government’s giant bailout plan sparked a stock market surge—but it’s unlikely the economic turbulence will end anytime soon, warns David Leonhardt in the New York Times. “It’s been a long period of excess” lasting over a decade, and now the dot-com, stock market... More »

MORE ABOUT:
stock market • recovery • US economy • excess • bubble • financial crisis

ANALYSIS

 How Market Turmoil 
 Affects Campaign 

Obama, McCain haven't talked much about US economy—now they'll have to

Sep 15, 08 9:50 AM CDT
(Newser) - The crisis on Wall Street will change the shape of the presidential campaign in its final weeks, forcing both sides to adjust their messages and strategies. Mike Allen, in Politico, details four major effects:
  • Neither John McCain nor Barack Obama has talked much, or in detail, about economic plans.
... More »

MORE ABOUT:
Barack Obama • John McCain • Lehman Brothers • US economy • Freddie Mac • Fannie Mae • financial crisis

Global Stocks Down as US
Job Losses
Rattle Markets

Employers may have shed 75,000 posts

Sep 5, 08 2:00 AM CDT
(Newser) - Stocks fell in Europe and Asia today, marking the worst weekly slump in 6 years, according to the MSCI World Index. Markets were depressed by grim news expected in the latest US employment report due out this morning, reports Bloomberg. Economists predict figures will show a US loss of 75,... More »

MORE ABOUT:
economic indicators • recession • unemployment • US economy • Beige Book • economy

OPINION

Wait on Rate Hikes Until
Crisis Eases

Fed should ignore critics, hold its ground until markets rebound

Sep 3, 08 5:55 PM CDT
(Newser) - Critics claim the Federal Reserve has been too eager to cut interest rates, and that lax policy has exacerbated inflation. But the Fed should hold its ground, Desmond Lachman argues in the American, until the housing and credit markets are clearly on the rebound. The credit crunch has prompted banks... More »

MORE ABOUT:
inflation • housing market • Federal Reserve • foreclosure • US economy • interest rate • credit crisis • lending practices • interest rate cut • monetary policy

OPINION

 The Rich 
 Get Richer, 
 Work Harder 

Wealth disparities are what's keeping big earners sweating

Sep 2, 08 8:06 AM CDT
(Newser) - America’s higher earners are working harder all the time —but it’s not because of PDAs and laptops. It’s because of a fear of being “left behind” as wealth gaps widen among the upper classes, writes Dalton Conley in the New York Times. “Rising inequality... More »

MORE ABOUT:
technology • work • labor • US economy • class divide

 Ranks of
 Uninsured
 Drop by 1M

Poverty rate unchanged, median incomes rise

Aug 26, 08 1:11 PM CDT
(Newser) - There were a million fewer uninsured Americans last year, the first annual decrease under the Bush administration, according to Census Bureau data released today. Median household incomes also rose slightly for the third consecutive year, while the nation’s poverty rate held steady at just over 12%, AP reports. The... More »

MORE ABOUT:
Bush administration • health care • health insurance • Census Bureau • poverty • US economy • poverty rate • George W. Bush

 'Obamanomics':
 A Tough Sell
 in America? 

Obama's economics lean left and right, until he talks taxes

Aug 24, 08 7:55 PM CDT
(Newser) - Barack Obama will face a crippled economy if he wins in November, but what fiscal policies will he put to use? “My core economic theory is pragmatism,” says Obama, a liberal who picked up free market notions when teaching at the University of Chicago. His policies on health... More »

MORE ABOUT:
Barack Obama • economics • US economy • fiscal conservatives

OPINION

 Time to Change 
 the Slogan, Obama

Obama must tell story of our economic future

Aug 24, 08 9:44 AM CDT
(Newser) - It’s time for Barack Obama to drop the “Change We Can Believe In” slogan in favor of something closer to “Change Before It’s Too Late,” writes Frank Rich in the New York Times. The former phrase fit the Democratic primary throwdown, but now Obama must... More »

MORE ABOUT:
Barack Obama • John McCain • US economy • Frank Rich • slogans • change • campaign tactics

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