economy – News Stories About economy - Page 11

Bad Economy Boosts Cremations Over Burials

Dec 10, 2011 8:10 AM CST

Bad Economy Boosts Cremations Over Burials

They're getting even more popular, with families citing savings

(Newser) - The dismal state of the economy has prompted more Americans to choose cremation over traditional burial services to save money, reports the New York Times . Cremations have been steadily rising in popularity since 1985 (41% now vs. 15% then) but the spike has been more pronounced in the last decade....

Desperate Obama Resorts
to Class Warfare

Charles Krauthammer

Dec 9, 2011 12:48 PM CST

Desperate Obama Resorts to Class Warfare

His policies have failed, so he's blaming the rich: Charles Krauthammer

(Newser) - President Obama's big speech in Kansas this week makes clear that he's going to resort to class warfare to try to win re-election, writes Charles Krauthammer in the Washington Post . With the economy in shambles, Obama is sticking to his simplistic stick-it-to-the-rich theme ("the breathtaking greed of...

Fed Sees High
Unemployment
All Next Year

Nov 2, 2011 4:35 PM CDT

Fed Sees High Unemployment All Next Year

Forecast sees it at 8.6% at end of 2012

(Newser) - If President Obama were hoping for a quick election-year turnaround in the jobless rate, the Federal Reserve burst his bubble today. The Fed projected unemployment will be at 8.6% at the end of 2012, not much better than the 9.1% registered in September of this year, reports the...

Economy Spells Defeat for Obama Re-Election Campaign

Recession Spells Doom
for Obama Re-Election

economists say

Oct 25, 2011 2:44 PM CDT

Recession Spells Doom for Obama Re-Election

...Assuming Republicans nominate someone competent

(Newser) - Barack Obama could be in trouble. An election model from economic advisory firm IHS Global Insight is predicting a “heavy defeat” for the president, with Obama collecting a measly 43.5% of the vote, MarketWatch reports. Obama still has a shot, the firm noted, if Republicans nominate an “...

As Bad as the
Depression? If Only

David Leonhardt

Oct 9, 2011 1:44 PM CDT

As Bad as the Depression? If Only

At least new industries arose in the 1930s: Leonhardt

(Newser) - There's never a Great Depression around when you need one, apparently. Despite its misery, "the United States economy was quietly making enormous strides during the 1930s," argues David Leonhardt in the New York Times . Americans were getting a better education—high school, back then—while industrious entrepreneurs...

Bernanke:
Recovery
'Is Close to
'Faltering'

Oct 4, 2011 2:22 PM CDT

Bernanke: Recovery 'Is Close to 'Faltering'

He advises Congress not to cut spending

(Newser) - Federal Reserve Chairman Ben Bernanke said today that the US economic recovery "is close to faltering" and that the central bank is prepared to take further steps to support it. (That potential action apparently pleased investors: The Dow came off the day's lows, fell a bit, then rebounded...

Next Recession Has Arrived: Economic Institute

'Vicious Cycle' of New Recession Has Started

institute says

Sep 30, 2011 6:29 PM CDT

'Vicious Cycle' of New Recession Has Started

Dozens of indexes indicate downturn: ECRI

(Newser) - The crippled US economy is already tumbling into another recession, according to one economic institute. The Economic Cycle Research Institute reports on its website that dozens of leading indexes indicate another "full-blown recession" is occurring, not a "soft landing." Why heed ECRI’s warning? "Perhaps because,...

Odds of a Double-Dip?
Probably 50-50 Now

analysis

Sep 8, 2011 1:24 PM CDT

Odds of a Double-Dip? Probably 50-50 Now

This kind of stalled job growth often leads to recession: David Leonhardt

(Newser) - Bleak reading for the White House ahead of the president's jobs speech : David Leonhardt of the New York Times thinks the odds of a double-dip recession have spiked of late and might be around 50-50 now. The US had been putt-putting along in what looked to be a modest...

Obama Asks
to Unveil
Jobs Plan
to Congress

Aug 31, 2011 11:40 AM CDT

Obama Asks to Unveil Jobs Plan to Congress

He wants to address joint session on Sept. 7

(Newser) - Congress will hear about President Obama's plan to create jobs directly from the source: He has asked to address a joint session at 8pm EST on Sept. 7, reports the Hill . His plan would be delivered on the same night and the same time as a GOP presidential debate...

Obama to GOP: 'Stop
Drawing Lines in the Sand'

Aug 17, 2011 5:00 PM CDT

Obama to GOP: 'Stop Drawing Lines in the Sand'

President winds up bus tour, says Republicans blocking economic growth

(Newser) - President Obama accused Republicans of keeping a politically motivated stranglehold on the US economy as his three-day bus tour of the Midwest wrapped up today, the Los Angeles Times reports. "I need you to send a message to folks in Washington," he told voters at a seed-production facility...

Why the
Gas Tax Is
Essential

OPINION

Aug 16, 2011 12:32 PM CDT

Why the Gas Tax Is Essential

It protects our highways, creates jobs, and aids the planet

(Newser) - The federal gas tax—18.4 cents per gallon—is due to expire Sept. 30. For the sake of our infrastructure, our economy, and our environment, we can’t let that happen, write the editors of the New York Times . Its expiration “would bankrupt the already stressed Highway Trust...

Rick Perry's
'Texas Miracle'
Is Pure Myth

paul krugman

Aug 15, 2011 11:13 AM CDT

Rick Perry's 'Texas Miracle' Is Pure Myth

Texas hasn't escaped unemployment—and 'Perrynomics' wouldn't work nationally

(Newser) - Rick Perry’s campaign will probably focus on an “alleged economic miracle” in Texas, predicts Paul Krugman: People think the state “sailed through the Great Recession almost unscathed thanks to conservative economic policies," which Perry will no doubt argue that he can replicate nationwide. Thing is, there...

Crash May Have Been Worse Than Thought

nate silver

Aug 4, 2011 12:57 PM CDT

Crash May Have Been Worse Than Thought

Nate Silver sees bad things in long-term GDP graph

(Newser) - Need a pick-me-up given today's depressing stock news ? Then be advised that Nate Silver's column in the New York Times is not for you. The stats guru plots GDP going back to 1877 and sees signs that our recent "economic crash was even worse than economists...

Moody's Keeps Triple-A Rating for US, but ...

Aug 2, 2011 5:40 PM CDT

Moody's Keeps Triple-A Rating for US, but ...

It says the outlook is 'negative;' no word yet from S&P

(Newser) - Two of the big three rating agencies have spoken, and neither is yanking the nation's triple-A credit rating—for the time being. Moody's kept the Aaa in place in the wake of the debt ceiling deal but said the rating outlook is "negative," meaning it can...

59% Pessimistic
About US Economy

survey says

Jul 25, 2011 3:27 PM CDT

59% Pessimistic About US Economy

That's the highest level in nearly 15 years

(Newser) - With unemployment levels high and the US on the brink of default , is it any surprise that American pessimism has reached a 15-year high? A new CNN poll cited by Politico finds that 59% expect the economy to be in bad shape a year from now, the highest percentage since...

More Gloom: Layoffs
Hit 9-Month High

Jul 21, 2011 8:53 AM CDT

More Gloom: Layoffs Hit 9-Month High

And the future is looking bleak, say economists

(Newser) - Layoffs have climbed to their highest level in nearly a year—1.78 million workers were handed pink slips in May, the most since August 2010—increasing ever-present fears about the US economy. The Wall Street Journal highlights the latest casualties: Cisco Systems plans to slash 6,500 jobs; Lockheed...

Obama:
I Won't
Sign Any
'Stop-Gap'
Debt Deal

Jul 11, 2011 10:59 AM CDT

Obama: I Won't Sign Any 'Stop-Gap' Debt Deal

President says budget talks will continue 'every day'

(Newser) - Compromise was the theme of President Obama's press conference today, during which he acknowledged that yesterday's budget talks did not result in a deal—but promised that "we're gonna meet every single day until we get this thing resolved." He insisted that he and "...

Next for South Sudan:
Building an Economy

Jul 11, 2011 7:18 AM CDT

Next for South Sudan: Building an Economy

Officials want to wean the new nation off oil

(Newser) - In South Sudan, the world's newest nation , 98% of revenue comes from oil—and one of the first tasks its nascent government must tackle is how to change that, since oil revenue must still be split with the north. Work will begin today on building an economy that's...

Obama Now
Talking Like
a Republican

Paul Krugman

Jul 8, 2011 1:26 PM CDT

Obama Now Talking Like a Republican

Paul Krugman: It's getting harder to trust him on the economy

(Newser) - The way President Obama is talking lately, it sounds an awful lot like he's accepted the "economic fallacies" of Republicans, writes Paul Krugman in the New York Times . He seems more concerned about cutting the deficit and slashing spending than creating jobs. It's possible this is part...

Obama on Jobs:
'We've Still Got
a Long Way
to Go'

Jul 8, 2011 10:48 AM CDT

Obama on Jobs: 'We've Still Got a Long Way to Go'

President urges Congress to act on several initiatives to juice economy

(Newser) - President Obama didn't try to put a pretty face on today's bleak unemployment figures : The numbers confirm "what most Americans already know," he said: "We still have a long way to go and a lot of work to do." He urged Congress to pass...