economy – News Stories About economy - Page 13

Nov 10, 2010 10:33 AM CST

GM Earns $2B in Q3

Biggest quarterly profit in more than a decade

(Newser) - General Motors has reported a $2 billion third-quarter profit, its biggest quarterly report in 11 years. The figure shows that GM doesn’t need to sell big to earn big anymore, writes Nick Bunkley in the New York Times . A week before its initial public offering—which will reduce the...

Obama: Tone Has 'Slipped'

INTERVIEW

Nov 8, 2010 7:26 AM CST

Obama: Tone Has 'Slipped'

Prez talks mistakes, midterms on 60 Minutes

(Newser) - President Obama acknowledged mistakes since entering office, including “slipping” on maintaining a better tone in Washington, in a 60 Minutes interview last night, Politico reports. “Part of my promise to the American people when I was elected was to maintain the kind of tone that says we can...

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,”...

Obama Spins India Trip Into Job Mission

Nov 5, 2010 1:43 PM CDT

Obama Spins India Trip Into Job Mission

Critics scream about cost despite widely discredited report

(Newser) - Faced with a barrage of outrage—based on a discredited report—over the cost of his 10-day trip to India, Indonesia, South Korea, and Japan, Barack Obama has rebranded it as a jobs mission. “The primary purpose is to take a bunch of US companies and open up markets...

Why This
Vote Really
Matters

Charles Krauthammer

Oct 29, 2010 12:34 PM CDT

Why This Vote Really Matters

This election (and the next) is about the role of government: Krauthammer

(Newser) - Tuesday's vote will be a blast for Republicans, but "the direction of the country” won't truly be determined until the 2012 election, writes Charles Krauthammer. Until then, with Obama’s veto power and Democrats’ shrunken numbers, nothing much will get done. Still, the “beauty” of these next two...

GDP Grows 2% in Q3

Oct 29, 2010 8:54 AM CDT

GDP Grows 2% in Q3

Growth fits economists' predictions

(Newser) - The economy grew slightly faster over the summer as Americans spent a little more freely: The GDP grew at a 2% rate during the third quarter, in line with what economists had forecast. It marks a slight improvement over last quarter, when the GDP grew at a 1.7% rate....

Economy Loses 95K Jobs

Oct 8, 2010 8:01 AM CDT

Economy Loses 95K Jobs

Unemployment hovers at 9.6%

(Newser) - A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down US payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6%, says the Labor Department. The jobless rate has now topped 9.5% for 14 straight months, the...

The Next Big Crash: Japan

Analysis

Sep 27, 2010 1:19 PM CDT

The Next Big Crash: Japan

Country's aging population makes it a 'global time bomb'

(Newser) - The next great economic catastrophe could be looming in Japan, according to one financial analyst. “We try to avoid hyberbole as much as possible,” writes Hedgeye analyst Darius Dale in Fortune . But after examining Japan’s aging population and pension obligations, “we have to say that, in...

We Actually Need
More Immigrants

Ezra Klein

Sep 27, 2010 11:31 AM CDT

We Actually Need More Immigrants

We'll wind up with more jobs for natives, not less

(Newser) - Ezra Klein has a plan that will drastically improve our economy by lowering prices and raising wages. “But few politicians are going to want to touch it,” he writes in Newsweek , because the plan is this: “More immigration.” Americans often make the mistake of thinking that...

Why America Is So Angry and Miserable

OPINION

Sep 23, 2010 8:53 AM CDT

Why America Is So Angry and Miserable

Blame our culture of entitlement, victimhood, and greed

(Newser) - These days, America seems defined by a near-ubiquitous “simmering resentment, frustration, and anger,” writes Charles Hugh Smith on his Of Two Minds blog. Why is that? Smith blames:

A culture of entitlement: From Social Security recipients to Wall Street welfare queens, “most of us have to elbow

...

Fed: We Could
Help Economy...

Sep 22, 2010 11:05 AM CDT

Fed: We Could Help Economy...

...But we won't just yet

(Newser) - The Federal Reserve yesterday reassured the public that it was “prepared to provide additional accommodation if needed” to support the recovery, but that it didn’t think it was needed just yet. But merely suggesting the possibility was enough to send markets in the right direction, with interest on...

Tax Cuts: Good for
Politicians, Not Economy

Sep 11, 2010 2:48 PM CDT

Tax Cuts: Good for Politicians, Not Economy

There are better ways to go, but no one wants another stimulus

(Newser) - “Tax cuts” is a phrase politicians love, especially in election season—but they may not do the economy much good at all. Those in favor of extending the Bush tax cuts (Republicans and a few Democrats) argue that ending the tax cuts, thus increasing taxes, for anyone—even the...

Obama: We're Sunk
Without a Strong
Middle Class

Sep 8, 2010 1:30 PM CDT

Obama: We're Sunk Without a Strong Middle Class

He lays out his plan for economic recovery

(Newser) - President Obama today delivered his big speech on the economy, though the big themes were laid out in advance. He reiterated that it's time to extend Bush-era tax cuts for the middle class—but that the nation can't afford the Republican approach of extending tax cuts for the wealthy as...

Obama Promises
Action On Economy

Sep 3, 2010 12:27 PM CDT

Obama Promises Action On Economy

...But warns that there's 'no quick fix'

(Newser) - There is “no quick fix” for the economy, Barack Obama said today in a speech at the White House, but his team is working on a new series of proposals to boost growth and hiring. Obama spoke following the Labor Department’s latest employment report, which showed that private...

Two Very Different Outlooks
on Our Economy

opinion

Aug 25, 2010 1:32 PM CDT

Two Very Different Outlooks on Our Economy

One expert says be confident, another calls it a depression

(Newser) - How goes the economic recovery? Depends on what you read. These two views could hardly be further apart:

Cheer up! Enough with the "gloom and doom," writes Ross Devol of the Milken Institute. The economy is stronger than is widely acknowledged and can regain its past "dynamism"

...

Bernanke: Unemployment Will Be High
for Years

Jul 21, 2010 3:24 PM CDT

Bernanke: Unemployment Will Be High for Years

Financial picture is 'unusually uncertain'

(Newser) - Ben Bernanke isn't exactly spreading good tidings in his semiannual report to Congress. Two of the lowlights, from the New York Times :

Unemployment: Expect it to remain high, as in well above 7%, through the end of President Obama's first term. Bernanke said it will take "a significant amount

...

Where Obama
Went Wrong With
'Pundit Delusion'

OPINION

Jul 19, 2010 1:58 PM CDT

Where Obama Went Wrong With 'Pundit Delusion'

Hint: It's not because he's too liberal

(Newser) - Pundits may argue that Barack Obama is too liberal, but they’re wrong, writes EJ Dionne of the Washington Post . The truth is that Obama is a center-left progressive, but because today’s politics are defined by the passionate political fringes, he’s not perceived that way. And that’s...

Our Economy: Damned If We Do, Damned If We Don't

steven pearlstein

Jul 2, 2010 1:58 PM CDT

Our Economy: Damned If We Do, Damned If We Don't

Short-term fixes needed, but they hurt our long-term prospects

(Newser) - Steven Pearlstein surveys the mess of our economy and finds that we're in quite a pickle: "To fix the economy in the long run, we have to weaken it in the short run—yet weakening it in the short run makes it just that much harder to fix it...

US Sheds Jobs for
First Time This Year

rate is 9.5%

Jul 2, 2010 7:55 AM CDT

US Sheds Jobs for First Time This Year

It's the first monthly decline in 2010

(Newser) - Today's unemployment numbers from June delivered generally bleak news and suggest that the economic recovery is slowing, reports the Wall Street Journal . The unemployment rate actually dipped from 9.7% to 9.5%, but the US economy lost jobs (125,000, mostly because census workers' temporary positions were cut) for...

Jobless Masses a Boon
for Employers

Jun 28, 2010 3:00 PM CDT

Jobless Masses a Boon for Employers

Companies can hire better workers, pay less

(Newser) - High unemployment isn’t bad for everyone. Many companies are taking advantage of the jobless masses, hiring extremely motivated workers at discount rates, Bloomberg reports. “Companies are getting higher-productivity employees for the same or lower wage rate they were paying a marginal employee,” explains one investment strategist. “...