economy

Stories 241 - 260 | << Prev   Next >>

Your Future Bill for the National Debt: $2,500 a Year

... actually, that'll just cover the interest

(Newser) - The next decade will see interest payments on the national debt quadruple, forcing every American to essentially pay more than $2,500 yearly, the Washington Post finds in a look at President Obama’s budget plan. That means that starting in 2014, net interest payments will exceed spending on all...

China Economy Zooms by Japan to No. 2 Spot

Nation's now gearing up to take on No. 1 US

(Newser) - China has steamed past Japan to become the world's second-largest economy. Japan's economy, hit by a drop in exports and consumer demand, was worth $5.5 trillion at the end of last year, while China's was estimated at $5.8 trillion. China is expected to take over the US as...

Economy Grew at 3.2% Rate in Q4

Consumer spending grew at fastest pace in 5 years

(Newser) - Spurred by consumer spending and a shrinking trade deficit, the economy grew at a 3.2% annual rate in the fourth quarter. That beats the previous quarter's 2.6% but falls short of analysts' expectations of 3.5%. Still, "a number above 3% should drive a stake through the...

Obama's SOTU: Go Centrist, or Go Home
 Obama's SOTU: 
 Go Centrist, or Go Home 
fareed zakaria
Jan 24, 2011 1:49 PM CST

Obama's SOTU: Go Centrist, or Go Home

Both sides are right in economy debate, says Fareed Zakaria

(Newser) - President Obama’s recent move the center has been a political boon, but in his State of the Union address he needs to redefine that center, laying out "a genuinely bipartisan pro-growth strategy ... that is not just good politics but good policy," writes Fareed Zakaria for the Washington ...

Beware Republicans' New Voodoo Economics
Beware Republicans'
New Voodoo Economics
paul krugman
Dec 31, 2010 11:14 AM CST

Beware Republicans' New Voodoo Economics

Paul Krugman: How do big tax cuts square with concern over the deficit?

(Newser) - Paul Krugman warns against what he sees as a new version of "voodoo economics" that Republicans plan to codify in the House: "The belief that deficits created by tax cuts just don't matter." Jon Kyl and crew think that any tax cut is a good tax cut,...

Economy Grew Modestly in 3rd Quarter

2.6% rate beats predictions; economics optimistic for year's end

(Newser) - The US economy grew at a moderate pace last summer, reflecting stronger spending by businesses to replenish stockpiles. More recent barometers suggest the economy is gaining momentum in the final months of the year. Gross domestic product increased at a 2.6% annual rate in the July-September quarter, the Commerce...

Fox News Viewers 'Most Misinformed,' Study Finds

Network's fans most likely to believe certain falsehoods

(Newser) - University of Maryland researchers have deemed Fox News viewers the "most misinformed," Mediaite reports. The researchers, who asked a number of questions about hot-button issues in the 2010 election, found Fox News viewers—regardless of political affiliation—were more likely than viewers of other networks to believe, for...

Chance of Double-Dip Recession in 2011 Falls to 15%
Chance of Double-Dip Recession in 2011 Falls to 15%
economists predict
Dec 13, 2010 8:25 AM CST

Chance of Double-Dip Recession in 2011 Falls to 15%

GDP will grow 3%, they estimate

(Newser) - The Bush tax cut deal has some economists walking on sunshine. Experts are getting more upbeat in their forecasts for next year, predicting accelerating growth, finds the Wall Street Journal in its latest forecasting survey. The 55 experts who weighed in expect GDP to grow in “nearly every period,...

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...

Tax Cut Showdown: Dems' Two Options

Must win centrists as Bush cuts expire

(Newser) - When it comes to tax cuts, the Democrats’ options are few. Politically speaking, it’s too late to force the expiration of Bush cuts on those earning more than $250,000. But Dems have two notable choices, writes David Leonhardt in the New York Times : one, to let the Bush...

As Crises Spread, Europe Scrambles for an Answer
As Crises Spread, Europe Scrambles for an Answer
analysis
Dec 1, 2010 10:04 AM CST

As Crises Spread, Europe Scrambles for an Answer

Even healthier countries now feeling pinch

(Newser) - Financial crises in Greece, Ireland, and Portugal have stoked fears for Italy, Belgium, and the more robust Germany as Europe struggles to find a solution, the New York Times reports. Worry that Germany may have to pay the brunt of bailout costs have prompted the sale of its debt; investor...

Portugal Screeches to Halt as Unions Strike

Trains, planes, banks shut down in unions' joint effort

(Newser) - The largest Portuguese unions banded together and went on joint general strike today, the first of its kind since 1988, the New York Times reports. The unions, protesting a government austerity plan amid a debt crisis, halted trains, buses, planes, health care, and banking services. “What’s coming for...

'Guidelines,' No Specifics, at G20

Obama slams China over currency manipulation

(Newser) - G20 leaders have agreed to curb “persistently large imbalances” in saving and spending and set “indicative guidelines” against trade imbalances, but more specific decisions on how to identify and fix said imbalances were left until next year, reports the New York Times . The finance minsters are to agree...

GM Earns $2B in Q3
 GM Earns $2B in Q3 
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 Talks Mistakes, Midterms in 60 Minutes Interview
 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
 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

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
 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 3Q
 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
 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...

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