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A look at economic developments and activity in major stock markets around the world Monday:
Unemployed workers and homebuyers caught a break thanks to a new law signed by President Barack Obama on Friday. The law offers tax credits for homebuyers, extending and expanding a popular program, and extends jobless benefits up to 20 weeks for unemployed workers who can’t find a job. Here’s how the plans will work.
Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.
The economy is still shedding jobs, but at a much slower pace than at the height of the financial crisis this year, according to government figures released Friday. That bolsters the view that the economy is making a slow but steady recovery from the worst downturn in decades.
White House economic adviser Christina Romer (ROH'-mur) says the 10.2 percent unemployment rate for October is a stark reminder of how much more needs to be done to get people back to work.
German investor confidence fell in November from the previous month, a leading German survey showed Tuesday, reflecting doubts about the sustainability of economic recovery.
Next year may be a year of stabilization in Hawaii's economy, but it will likely be 2011 before sustained economic recovery sets in, economist Leroy Laney said.
I would give credence to speculation like this from only a handful of NBA writers. Marc Spears of Yahoo! comes to mind, so does Chris Broussard of ESPN. I can mention a few other names as well, but the list is short: shorter than the reins Kobe Bryant has on the mercurial Ron Artest to fit in with the Lakers.
The unemployment rate has surpassed 10 percent for the first time since 1983 — and is likely to go higher.
State lawmakers are debating plans ranging from auto racing to consolidating municipal services to steer Rhode Island through a bleak financial crisis.
The auto industry loves to find miracle workers. Thirty years ago, Lee Iacocca worked his magic by convincing Congress to deliver a package of loan guarantees that kept Chrysler from going broke. A decade ago, Carlos Ghosn was recruited to save struggling Nissan. Now Sergio Marchionne is being asked to pull together a miracle for the second time.
The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment report on Friday.
Canada's unemployment rate rose to 8.6 percent in October from 8.4 percent a month earlier as the economy shed a net total of 43,200 jobs, the government said Friday.
Rotkaeppchen sparkling wine. Florena Cosmetics. Spee detergent. Zetti crunchy chocolate clusters.
On the night of Nov. 9, 1989, the Berlin Wall — the stark, menacing symbol of the Cold War — came crashing down, suddenly and dramatically.
It frequently has been observed that it is easier to stalk the leader than it is to preserve that position once it is achieved.
Out of work, out of savings and out of things to sell, Carolyn Johansen is running out of options to keep her home even as her unemployment benefits run out.
The unemployment rate in Rhode Island will continue climbing and peak at 13.8 percent next year even as layoffs taper off, an economist told state budget officials Wednesday.
When Dave Dudley lost his plum job as a vice president of a software company, he knew it wouldn’t be long before his house mortgage became unmanageable. So he changed his address — to Anywhere, U.S.A.
A trade group's measure of the health of the U.S. service sector likely rose for a second straight month in October as consumer spending ticks higher, a crucial ingredient for a strong rebound from the recession.
The recession has dramatically changed many Americans’ shopaholic habits, at least temporarily and perhaps forever.
Holiday shoppers could be in a bah-humbug kind of mood this year, according to a survey of business leaders and managers in nine Midwest and Plains states released Monday.
U.K. manufacturers are increasingly optimistic about the recovery of the British economy, which is still mired in recession, a survey showed Monday.
Economists expect growth in U.S. manufacturing picked up in October as the economy improved and demand from overseas increased, welcome signs for the fledgling recovery.
Former Mass. Gov. Mitt Romney says the time has come to stop the economic stimulus program, contending that it has not worked as the Obama administration planned.
Worldwide poll: Vast majority say capitalism not working Dissatisfaction with capitalism is widespread around the globe 20 years after the fall of the Berlin Wall that heralded the demise of European communism, a poll released Monday showed.
The Results of Our IgnoranceThere are many people today who know little or nothing about the U.S. Constitution. There are many who know little or nothing of U.S. history, let alone world history.
"There is not a single successful regulator giving him (President Obama) advice" William Black ( government lawyer in the 1980's, helped secure more than 1000 felony convictions resulting from the S&L scandal ) _______________________________________
Camden NJ still Poorest but Stimulus gave them two Hippops. No Jobs.The landmark 2002 Municipal Rehabilitation and Economic Recovery Act that put Camden under state control set aside $175 million for dozens of city projects.
Mark Spitznagel: The Man Who Predicted the Depression Contrary to popular belief, deregulation caused neither the depression nor our current recession. Great article about the man who predicted the depression because of government manipulation of the money supply through credit, which also applies to our problems of today.
People Want Justice. But it almost seems as if Bernie Madoff's 150-year sentence for a scheme that had nothing to do with causing Wall Street's meltdown is supposed to cover all the crooks, and that we're supposed to be satisfied.Must read summary of the Wall St.
Chávez's Venezuela: Rationing Both Water & Power In a country that has claimed the world's biggest oil reserves and is home to its fourth-mightiest river, the Orinoco, has recently been forced to ration both water and electricity.
The American economy is a happy place. The stock market is above 10,000. Corporate profits have improved. Productivity in the work place has surged.
I'm doing 'God's work'. Meet Mr Goldman Sachs.It's the site of the best cash-making machine that global capitalism has ever produced, and, some say, a political force more powerful than governments. The people who work behind the brass-trim glass doors make more money than some countries do.
Unemployment Up Dramatically! Stocks Rise! Huh?But there is another reason high unemployment may excite investors. Current layoffs are likely, for many workers, to be permanent.
For those of us that have vehemently pushed for national health care reform in America, tonight's historic vote is a breakthrough. However, we will have to wait four years to see it's full impact . Affordable health care access for all Americans.
Larry Summers' Speaking Fees Targeted By WatchdogsGood government groups took swings this weekend at Larry Summers, along with the White House in general, after it was revealed that the economic adviser accepted hundreds of thousands of dollars in speaking fees from banks dependent on taxpayer funds. Calling the revelations yet …
Obama 2008 Victory was a Fluke..Cons lead Libs 2-1What happened? The vaunted Obama realignment vanished. In 2009 in Virginia, the black vote was down by 20 percent; the under-30 vote by 50 percent. And as for independents, the ultimate prize of any realignment, they bolted.
Ron Paul on the Economy, Healthcare, Intervention and Michael MooreIt's nine minutes worth watching.
Report: 237 millionaires in CongressAs Washington reels from the news of 10.2 percent unemployment, the Center for Responsive Politics is out with a new report describing the wealth of members of Congress.
Obama Faces His AnzioBut while health care won't be Mr. Obama's Waterloo, economic policy is starting to look like his Anzio. Duh???
Wall Street Bonuses Rise by 40 Percent" The authors of the biggest financial catastrophe in world history—executives and traders at US investment and commercial banks—will see their year-end bonuses rise by an average of 40 percent compared to last year, according to a report issued Wednesday by Johnson Associate …
Senator Sanders (I-VT) Proposes "Too Big To Fail, Too Big To Exist" LegislationThe act is straightforward. It would require that 90 days after its passage, Treasury Secretary Tim Geithner "submit to Congress a list of all commercial banks, investment banks, hedge funds and insurance companies that the Secretary believes are too big to fail."
Major news media: The dogs that do not barkSometimes news stories are interesting for what they do not say.
OK, I've been stewing on this for a number of weeks now. I've been noticing the rhetoric on Newsvine being steadily ratchetted up over the past few months that I've been a member. It's rather disconcerting and it's coming from both sides (and me included sometimes).
Where the Jobs AreToday's employment report shows that the economy has lost more than eight million jobs since the recession began, but some sectors have skated through. More Articles
t r u t h o u t | Mass Shooting Indicates Breakdown of MilitaryWe as citizens of the United States need to take better care of our soldiers before and after they return from War. Who is protecting them while they are protecting us.
Wall Street run amok? Blame HarvardHow did this schism come about? Just where did Wall Street go wrong? It's popular to blame misaligned incentives, lack of regulation or just plain greed. Those would be conveniently simple explanations. We could just fix incentives, regulate more and prosecute the guilty.
Will the Left Try a Kamikaze Rush? The Democrats can still carry it over the top and then take their losses in elections to come with the faith that no Republican Congress will dare to infuriate all the Victim Groups of the Left by repealing free medical care for forty percent of the population.
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