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Economic Recovery

Global Market Turmoil Hints That U.S. Recovery May Founder

McClatchy | Kevin G. Hall | Posted 05.25.2011 | Business

WASHINGTON -- Conflicting U.S. jobs data and mounting concerns about debt defaults abroad that threaten global economic growth triggered a worldwide ...

Stocks Sink To Lowest In 3 Months: Here's Why

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and likely to stop co...

Economic Recovery Will Fail Without Our Trust

Jeremy Rifkin | Posted 05.25.2011 | Books
Jeremy Rifkin

Only recently, in the wake of the disastrous downturn of the global economy have some economists begun to turn their attention to the role social trust plays in providing the foundation for commerce and trade.

Productivity Climbs 6.2% In Fourth Quarter 2009 As Labor Costs Fall

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — Employers are managing to boost production without creating new jobs. The question is when they'll feel the need to ramp up hiring....

U.S. Service Sector Expanded In January

AP | TALI ARBEL | Posted 05.25.2011 | Business

NEW YORK — The economy's service sector grew slightly in January, while the pace of job losses slowed, signaling a recovery still struggling to ...

Pimco's El-Erian: U.S. Economy Will Experience A 'Resetting' In 2010

BusinessWeek | Alison Vekshin | Posted 05.25.2011 | Business

Jan. 29 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., said he expects the U.S. economy to experience ...

Top Priority: Good Jobs

Sec. Hilda Solis | Posted 05.25.2011 | Business
Sec. Hilda Solis

A great deal of work remains to be done in getting our economy to its full strength. But there is no doubt that the Recovery Act is making a positive difference in people's lives.

Cheaper Liquor Gets Boost In Downturn As Americans Drink More But Choose Less Expensive Brands

AP | EMILY FREDRIX | Posted 05.25.2011 | Business

NEW YORK — Americans' love affair with top-shelf booze cooled last year as the recession took a toll on high-priced tipples. People drank more ...

Metro-Area Unemployment: December Data Show Unemployment Worsened In Most Cities And Counties

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — Unemployment rose in most cities and counties in December, signaling that companies remain reluctant to hire even as the economy re...

Immigration Reform is Necessary for America's Economic Recovery

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

Comprehensive immigration reform is critical for America's long term economic success and is one of the few political initiatives that could receive genuine bipartisan support in the current Congress.

Geithner: Bank Fee May Be Extended Beyond 10 Years To Recoup Cost Of Bailout

LUCA DI LEO And MICHAEL R.CRITTENDEN | Posted 05.25.2011 | Business

WASHINGTON--The U.S. may extend a $90 billion fee on the country's largest banks beyond the planned 10 years if the government hasn't recouped the cos...

Budget Forecast Optimism: In Last 30 Years, 80 Percent Of Four-Year Federal Budget Projections Have Been Too Optimistic: Study

nytimes.com | CATHERINE RAMPELL | Posted 05.25.2011 | Business

Something to keep in mind when reading about the president's budget projections: They are almost always wrong. And not surprisingly, the estimates usu...

Consumer Spending, Personal Incomes Rise In December

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the econ...

Bank Of America CEO Brian Moynihan Signals Openness To Consumer Protection Agency

Posted 05.25.2011 | Business

Brian Moynihan, Bank of America's new CEO, may not oppose the creation of a federal consumer-protection agency, the Wall Street Journal reports this m...

Henry Paulson Defends Bailouts, Talks Economic Recovery In New Book "On The Brink" (VIDEO)

abcnews.com | Posted 05.25.2011 | Books

Henry Paulson, former Treasury Secretary and former CEO of Goldman Sachs, was on "Good Morning America" this morning to discuss his new book, "On the ...

2009 Wages, Benefits Rise Just 1.5 Percent, Weakest Increase On Record

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered worke...

Obama's Proposed "Small Business" Initiative Lacks Audacity (and Focus)

Chris Rabb | Posted 05.25.2011 | Business
Chris Rabb

The proposal that the government invest in "small businesses" is misguided. It is firms that are over 25 years old -- not start-ups -- that have historically created the most net jobs.

How Democrats Pulled the U.S. Economy Back from the Brink

Sen. Byron Dorgan | Posted 05.25.2011 | Business
Sen. Byron Dorgan

It's been a tough year, but the investments we made in the economy pulled it back from the brink of disaster. We're not out of the woods yet by a long shot, but there are signs the Bush Recession may now be ending.

A Solution-Based SOTU Reaction

Kristen Psaki | Posted 05.25.2011 | Green
Kristen Psaki

While inefficient homes contribute over 20 percent of the nation's carbon pollution, less than 5 percent of these 130 million homes have undergone an energy efficient retrofit, or weatherization.

New Home Sales Drop 7.6 Percent In December

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Sales of new homes fell unexpectedly in December, capping the industry's worst year on record and fueling concern that the housing ...

What Obama Really Said: An A-to-Z Guide for Dummies

Richard M. Benjamin | Posted 05.25.2011 | Politics
Richard M. Benjamin

For those unable to grasp -- never mind appreciate -- the President's address in all its nimble luster, here is a lexicographer's guide.

Cities Running on Fumes: Where Was the Fuel in the SOTU?

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

In his State of the Union address, President Obama missed an opportunity to explain how his plans for economic growth, job creation, and the middle class can truly succeed. We need spending, not cuts.

'Rediscovering Values': A Book I Didn't Expect to Write

Jim Wallis | Posted 05.25.2011 | Books
Jim Wallis

How will this economic crisis change us? Could there be good news in, through, and even because of this Great Recession? What is our role in creating a moral recovery?

Case-Shiller Index: November Home Prices Rise, But Still Off 5.3 Percent From A Year Ago

AP | ADRIAN SAINZ | Posted 05.25.2011 | Business

MIAMI — Home prices rose for the sixth straight month in November, fueled by tax credits for homebuyers. The Standard & Poor's/Case-Shiller 20-...

Verizon Layoffs: Company Plans To Shed 10,000 Jobs to Cut More Than 10,000 Jobs After Sales Miss Estimates

bloomberg.com | Amy Thomson | Posted 05.25.2011 | Business

Jan. 26 (Bloomberg) -- Verizon Communications Inc., the second-largest U.S. phone company, plans to cut more than 10,000 jobs at its fixed-line unit t...