economy

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The Next Big Crash: Japan
 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

 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
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...
 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

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

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

...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
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

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'

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
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
 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
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. “...

Let's Face It: It's a Depression
 Let's Face It: It's a Depression 
Paul krugman
Jun 28, 2010 8:21 AM CDT

Let's Face It: It's a Depression

Savage cuts when governments should be spending will prove the fatal blow

(Newser) - Paul Krugman uses the D word today, arguing that we're now in the early stages of a third depression. It may turn out to be more like the Long Depression of the 19th century than the dreaded Great Depression, but that's not going to offer much succor to the legions...

We're Heading for Recession
 We're Heading for Recession 
opinion
Jun 26, 2010 5:09 PM CDT

We're Heading for Recession

Weak growth and tax increases doom us

(Newser) - John Mauldin takes a lengthy look at a slew of economic factors at Business Insider and reaches a somber conclusion: Odds are now better than even that the US will slip into a rare double-dip recession next year. Growth is anemic, with little hope for a turnaround in sight, and...

It's the Anti-Stimulus We Should Be Worried About

State budget cuts are wiping out the effects of the stimulus

(Newser) - The success of the Obama stimulus in creating jobs has been broadly, and furiously, debated—and will continue to be as the election season nears. But Ezra Klein argues today that in the end it's the "anti-stimulus"—the massive constriction of state budgets—that will decide our economic...

Dr. Doom: Europe on Path to Recession

And America might 'run into the wall'

(Newser) - Dr. Doom isn't happy with what he sees happening in Europe, which the NYU economist (real name Nouriel Roubini) says is on the path to recession or something very much like it. Some interview highlights, as reported by Reuters and Bloomberg :
  • In the euro zone, "growth will fall toward
...

US Economy Needs Less Caution, More Spending
US Economy Needs Less Caution, More Spending
Paul Krugman
May 21, 2010 11:34 AM CDT

US Economy Needs Less Caution, More Spending

Forget deficit; fret over threat of 'lost decade'

(Newser) - No matter what you've heard panicked commentators say, the US is not the next Greece, and the government is not trying to do or spend too much in the face of the slumping economy. In reality, Washington isn't doing or spending enough, and as a result, the US could be...

America's 40% Overpriced
 America's 40% Overpriced 
OPINION
May 12, 2010 1:56 PM CDT

America's 40% Overpriced

Take in some discount movies, you'll understand

(Newser) - Joe Queenan has figured out the real problem with the US economy: It's overpriced. Queenan came to this revelation after he and his buddies made a habit of going to see movies on Tuesday nights, when they only cost $6 instead of $10.25. At that price, even bombs like...

Job Creation Up, but So Is Jobless Rate

Unemployment at 9.9% as job seekers re-enter market

(Newser) - Employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years, the AP reports. The jobless rate also rose, to 9.9%, as people resumed their searches for work. The hiring of 66,000 temporary government workers to conduct the census helped overall payroll...

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