economic recovery

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Obama Nominates Bernanke for 2nd Term

Prez: he 'approached a financial system on the verge of collapse with calm and wisdom'

(Newser) - President Obama has nominated Ben Bernanke for a second term as Federal Reserve chairman, saying Bernanke “led the Fed through the one of the worst financial crises that this nation and this world have ever faced,” the AP reports. “Ben approached a financial system on the verge...

Recession Soon Over, but Here Comes Another
Recession Soon Over, but Here Comes Another
OPINION
Aug 24, 2009 7:02 AM CDT

Recession Soon Over, but Here Comes Another

Roubini: Unwinding rescue could produce 'W-shaped' recovery

(Newser) - The global recession is nearly over, but the recovery is far from certain, writes NYU professor and professional pessimist Nouriel Roubini in a Financial Times op-ed. The economist who predicted the financial crisis chides colleagues who foresee a V-shaped recovery, with a quick return to growth. Rather, the recovery will...

Japan Says 'Sayonara' to Downturn

(Newser) - Japan appears to be pulling out of its recession, posting its first economic growth in more than a year, reports the New York Times. The world’s second-largest economy grew by 0.9% in the last three months ending June 30—equivalent to 3.7% annualized growth. Exports grew 6....

Fed Holds Rates, Sees Economy 'Leveling Out'

(Newser) - The Federal Reserve has slowed its recovery-minded plan to purchase Treasury securities but said that "economic activity is leveling out," the Wall Street Journal reports. The Fed’s policy committee hopes to complete its $300 billion purchase of Treasury securities by October—originally slated for September—and also...

Builders Are Building Again, Despite Risk
 Builders Are Building 
 Again, Despite Risk 
ANALYSIS
Aug 11, 2009 1:08 PM CDT

Builders Are Building Again, Despite Risk

(Newser) - A decrease in vacant housing inventory and an uptick in sales have home builders ramping up construction for the first time in months, Time reports. Currently, the number of new homes on the market would take an estimated 8.8 months to sell—a far cry from the standard of...

Stimulus Worked: Economists

 Stimulus Worked: 
 Economists 
Aug 7, 2009 10:14 AM CDT

Stimulus Worked: Economists

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

(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...

Dow Up 17 to End Best Month Since '02
 Dow Up 17 to End 
 Best Month Since '02 
MARKETS
Jul 31, 2009 3:15 PM CDT

Dow Up 17 to End Best Month Since '02

Nasdaq falls in today's session, but enjoys big monthly gains

(Newser) - Data which showed a slowing pace of decline for US gross domestic products fueled modest advances in the markets today, with the Dow finishing its best month since October 2002, the Wall Street Journal reports. Bank of America and Alcoa paced advancers, and the Dow closed up 17.15 at...

Recession Is Kaput; Now for the 'Smart Economy'
Recession Is Kaput; Now
for the 'Smart Economy'
ANALYSIS
Jul 26, 2009 4:23 PM CDT

Recession Is Kaput; Now for the 'Smart Economy'

(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"...

Biden: Recovery Act Is Working
 Biden: Recovery Act Is Working 
OPINION
Jul 26, 2009 10:07 AM CDT

Biden: Recovery Act Is Working

Critics attacking 'pet programs' have 'misconstrued' the effort

(Newser) - Those who dismiss the Recovery Act as “being spent on pet programs” are wrong, writes the man tasked with administering it. Writing in a New York Times op-ed, VP Joe Biden contends that the stimulus has “brought us back from the precipice.” Two-thirds of it “goes...

Economy 'Back From the Abyss:' Summers

(Newser) - President Obama's top economist is confident that swift action by the administration averted disaster, ABC News reports. “We were at the brink of catastrophe at the beginning of the year,” Larry Summers says, “but we have walked some substantial distance back from the abyss.” Summers credits...

Stimulus Cash Isn't Making It to Hard-Hit Minorities

African-Americans, Hispanics pummeled by recession

(Newser) - With unemployment at 14.7% among African Americans and 12.2% among Hispanics, the recession is hitting minority communities particularly hard. But as is often the case with so-called “colorblind” spending, stimulus funds, intended to be equal-opportunity, aren’t making it to these groups. The government must “start...

How Fluffy Towels May Point to Economic Recovery

(Newser) - Everyone's reading tea leaves to figure out where the economy's headed, and Time finds reason for hope in something it calls the "Bed, Bath & Beyond barometer." The retailer's profits were up in the first quarter, and same-store sales weren't as bad as expected. This is especially...

Bond Sales Drive Dow Up 32
 Bond Sales Drive Dow Up 32 
MARKETS
Jun 11, 2009 3:16 PM CDT

Bond Sales Drive Dow Up 32

(Newser) - Markets were up today on a successful sale of 30-year Treasury notes and other indicators of economic recovery, the Wall Street Journal reports. Bank of America saw a 9% upswing after its CEO testified on Capitol Hill. The Dow gained 31.90 to 8,770.92. The S&P rose...

Economists See High Unemployment Through 2010

(Newser) - Economists think the US unemployment rate will stay above 9% through 2010, the Wall Street Journal survey finds. Accordingly, those in the know believe the Federal Reserve will hold interest rates down at least through spring. “For real people, there is no recovery until the unemployment rate stabilizes,”...

Stories 81 - 94 | << Prev