recovery

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400 Toil to Raise Costa Concordia
 400 Toil to Raise 
 Costa Concordia 
one year later
Jan 11, 2013 12:45 PM CST

400 Toil to Raise Costa Concordia

Officials call recovery biggest ever attempted

(Newser) - It's been almost exactly a year since 32 people died when the Costa Concordia rolled over off the west coast of Italy, and a 400-person team of salvagers is at last ready to undertake what is being called "the largest and most complex [marine] recovery ever attempted,"...

Recession Worse Than Thought; GDP Growth Weak

Economy grew just 1.3% over past three months

(Newser) - We already knew the Great Recession was the worst in decades, but in fact we were even worse off than we thought, new figures show. The economy shrank 5.1% over the course of the recession, from 2007 to 2009—1 percentage point worse than the earlier estimate of 4....

The Truth About Gabrielle Giffords' Recovery
 The Truth About 
 Giffords' Recovery 
in case you missed it
Apr 16, 2011 7:00 PM CDT

The Truth About Giffords' Recovery

Her progress needs to be viewed in relative terms

(Newser) - It all sounds remarkable: Friends and colleagues have told the media about their "lengthy" conversations with Gabrielle Giffords, who is "running a campaign from the hospital." Indeed, she is getting better—but her progress might not be as speedy or extensive as those comments suggest. When you...

Stroke Victims' New Hope: A Deep Chill

Hypothermia prompts 'hibernation' that aids doctors

(Newser) - Last year, surgeons eyed induced hypothermia to treat trauma ; now, experts think a deep chill could help stroke patients recover, the Daily Mail reports. Doctors throughout 20 European countries think inducing hypothermia could cut stroke victims’ brain damage; they’re now seeking funding for testing. “Hypothermia might improve the...

Giffords to Leave Hospital Friday

Her mother sends exuberant email

(Newser) - Gabrielle Giffords will be released from the hospital on Friday, heading instead to the Institute for Rehabilitation and Research at Memorial Hermann Hospital in Houston, Politico reports. The center specializes in brain injury recovery. Giffords’ mother sent out an excited email today, telling friends that Giffords was recovering so well...

Doctor: Giffords Breathing on Her Own
Doctor: Giffords
Breathing on Her Own
UPDATED
Jan 11, 2011 12:08 PM CST

Doctor: Giffords Breathing on Her Own

Another puts her chance of survival at 100%

(Newser) - One of Gabrielle Giffords’ doctors has given a stunningly optimistic prognosis on her survival. “I’m going to get into a lot of trouble for this, but her prognosis for survival is 100%, as far as it being short term,” Peter Rhee, the chief of trauma at the...

Bernanke Ready to Spend More to Prop Up Economy

Don't worry about inflation, he adds

(Newser) - Federal Reserve Chairman Ben Bernanke is such a fan of the decision to buy $600 billion in Treasury securities to prop up the economy that the Fed is prepared to spend even more. Added economic stimulus might still be needed because the current recovery is weak, Bernanke warned in an...

Secret to Recovery: Optimism
 Secret to 
 Recovery: 
 Optimism 
opinion
Nov 5, 2010 1:54 PM CDT

Secret to Recovery: Optimism

Obama, Boehner must promote American confidence

(Newser) - There’s a big economic problem that’s been keeping a low profile: American confidence, writes David Smick in the Washington Post . “Between $2.5 trillion and $4 trillion of private capital is waiting on the sidelines to ‘reliquify’ a new era of American confidence and innovation,”...

Government Isn't Bigger
 Government Isn't Bigger 
PAUL KRUGMAN
Oct 11, 2010 1:49 PM CDT

Government Isn't Bigger

Obama hasn't expanded spending—and that's too bad

(Newser) - The Obama presidency has mobilized hundreds of thousands of conservatives to clamor against the "big expansion of government spending," but said expansion simply didn't happen—and that's the problem, writes Paul Krugman for the New York Times . The president hasn't created new benefits for the poor, large new...

'Inflation Hawks' Will Kill Our Recovery
'Inflation Hawks' Will Kill
Our Recovery
paul krugman
Apr 9, 2010 9:22 AM CDT

'Inflation Hawks' Will Kill Our Recovery

Beware the 'tight-money people' who fear short-term spending

(Newser) - Paul Krugman assesses the economic mess in Greece and sees "no good answers" for them but an important lesson for America. Namely, "steer clear of deflation," a horrible process that Greece must now endure because it's stuck with the euro. We don't have that problem, so let's...

Greenspan: We Did 'the Best We Could'

Former Fed chief takes heat on Capitol Hill

(Newser) - Alan Greenspan is taking more heat on Capitol Hill today as a three-day series of hearings begins on the economic meltdown. “What we tried to do was the best we could with the data that we had,” the former Fed chief told the Financial Crisis Inquiry Commission. “...

Employers Add Jobs in March
 Employers Add Jobs in March 
Apr 2, 2010 7:47 AM CDT

Employers Add Jobs in March

Increase of 162K keeps unemployment rate at 9.7%

(Newser) - The Labor Department delivered expected good news on the jobs front this morning: Employers added 162,000 jobs in March, the biggest monthly increase in 3 years. The gain, however, wasn't big enough to change the unemployment rate, which remained at 9.7% for the third straight month.

Half of States Still In Recession

Economies shrunk in 25 states over the last 3 months

(Newser) - Many Americans can’t seem to believe the recession is over, and there’s a very good reason for that: For them, it isn’t. Over the past month, 21 states saw their economies grow, while 22 saw it shrink—that number jumps to 25 if you look at the...

Obama's Stealth Stimulus: $250 Checks to Seniors

With social security stagnant, Obama proposes payment to elderly

(Newser) - Seniors won’t be getting a boost in their Social Security benefits this January, but President Obama tried to head off that announcement yesterday by encouraging Congress to give them all a one-time $250 check. The administration sees these payments, which would cost the government about $13 billion, as another...

Disney-Marvel Deal Could Signal M&A Recovery

Monday deals push August volume up 40%

(Newser) - Two major deals finished on the last day of August—projected to be the worst month for deal making since 1995—have raised expectations that the mergers and acquisitions market is finally coming out of hibernation, the Wall Street Journal reports. Monday saw Disney buy Marvel for $4 billion and...

Credit Disparity Tells Tale of Two Recoveries

(Newser) - A fractured, polarized credit market is splitting America’s companies into the recovering and the desperate, the Wall Street Journal reports. For the mostly big companies with easy access to credit, the recovery is in full swing, but for the mostly small companies that can’t borrow, things seem as...

Goldman Analyst Bullish on Stocks' Recovery

Cohen predicts S&P to gain 10% by Jan 2010

(Newser) - A top Goldman Sachs forecaster predicts the recovery in stocks that began in March should hold, Reuters reports. The S&P 500 could rise as much as 10% from its current level to top 1,050-1,100, says Abby Joseph Cohen, the chief of Goldman’s investment policy committee. "...

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"...

SC Court Orders Gov to Take Stimulus Cash

(Newser) - The South Carolina Supreme Court has ruled that Gov. Mark Sanford must apply for $700 million in federal stimulus money aimed at education that the governor had strenuously resisted, the State reports. The state’s General Assembly had already mandated the move, but Sanford argued it had no authority to...

Bernanke Sees Slow Recovery, Despite Positive Signs

Still hopes economy will grow by year's end

(Newser) - The US has a long way to go before the economy returns to full health, despite hopeful signs, Ben Bernanke told the House budget committee today. “Recovery will only gradually gain momentum and that economic slack will diminish slowly,” the Fed chairman said. With businesses cautious, “the...

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