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Us Economy

California's Ailing Economy Could Prolong US Recession

AP | JULIET WILLIAMS | Posted 07.30.2009 | Business

Read More: California Budget, Califoria Recession, Economy, Californai Economy, US Economy, Arnold Schwarzenegger, California, Business News

SACRAMENTO, Calif. — California faces a $24 billion budget shortfall, an eye-popping amount that dwarfs many states' entire annual spending plan...

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Dear Mr. President

Ben Hecht | Posted 07.26.2009 | Business

Read More: US Economy, Obama Auto Industry, Economic Development, Economic Crisis, Economic Recovery, Obama Economy, White House Council on Automotive Communities and Workers, Auto Industry, Industrial Cities, Business News
Ben Hecht

A philanthropic collaboration of 21 of the world's largest foundations and financial institutions, Living Cities applauds the focused, inter-agency approach you are taking to revitalize industrial cities.

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I Just Don't Get It

Larry Gellman | Posted 07.25.2009 | Politics

Read More: U.S. Economy, Right Wing Media, John McCain, Global Economy, Rush Limbaugh, Iran Election, Cnbc, Economy, Economic Crisis, President Obama, Bank of America, Right Wing, Iran, Obama Economy, Lindsey Graham, Iranian Election, Barack Obama, Investment Banks, Goldman Sachs, Investing, Economic Stimulus Package, Finance, Larry Kudlow, Rush Limbaugh Obama, Fox News, Henry Paulson, Financial Crisis, Economic Stimulus, Saxby Chambliss, Fox, Citigroup, Politics News
Larry Gellman

It seems pretty clear that Obama is actually insisting that we change the approach that led the economy off a cliff. I just don't get it.

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Warren Buffett: U.S. Economy Still In "Shambles" (VIDEO)

Huffingtion Post/AP | Posted 07.25.2009 | Business

Read More: US Economy, Warren Buffett, Economy, Warren Buffet, Us Economy 06/24/09, Warren Buffet on Economy, Business News

OMAHA, Neb. (AP) _ Billionaire Warren Buffett says the economy has not yet had any bounce and will take some time to recover. Berkshire Hathaway's ch...

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Durable Goods Orders Rise Unexpectedly In May

AP | MARTIN CRUTSINGER | Posted 07.25.2009 | Business

Read More: Us Economy Recession, Durable Goods, May, Recession, US Economy, Durable Goods Orders, Business News

WASHINGTON — Orders to U.S. factories for manufactured goods from computers to aircraft surged in May for a second straight month. And a gauge o...

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An Oldie, but not so Goodie: Updating the U.S. Poverty Measure

C. Nicole Mason | Posted 07.19.2009 | Politics

Read More: U.S. Economy, Women, Senate, Congress, US Poverty, Middle Class, Christopher Dodd, Obama Administration, Task Force on Middle Class Working Families, War on Poverty, Jim McDermott, Politics News
C. Nicole Mason

There has been a lot of sexy talk about cutting poverty in half over the next 10 years. How is that going to happen if we don't have an accurate measure of how many poor people there are living in the US.

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Building a National Innovation Movement

Gary Shapiro | Posted 07.18.2009 | Business

Read More: First Amendment, Consumer-Electronics-Association, Global Economy, Zogby International, Austin, Free Trade, Congress, Immigration, Atlanta, Innovation, US Economy, Gary Shapiro, Silicon Valley, H1B Visa, Entrepreneurship, Technology, Cea, Zogby Poll, R&D, Cuba, China, Research Triangle, Business News
Gary Shapiro

Will we step boldly into the new economic reality with a plan for creating jobs? Or will we look to unsustainable government protections that will force the US to take a backseat in the new era?

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Meltdown 101: Reform plan's impact on consumers

AP | DAVE CARPENTER | Posted 07.17.2009 | Business

Read More: U.S. Economy, Obama Wall Street, Barack Obama Financial Crisis, Financial Crisis, Obama, Consumers, Obama Financial Reform, Business News

American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to illegal late tradin...

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The Case for a National Office of Transition

Robbie Gennet | Posted 07.09.2009 | Politics

Read More: U.S. Economy, Green Jobs, Personal Health, War, President Obama, Green, Jobs, Drugs, Justice Department, Green Energy, War in Iraq, Iraq War, Labor, Military, Unemployment, General Motors, Health, Oil, Financial Crisis, Green Economy, Teachers, Iraq, Unions, Michigan, Health Care, Auto Industry, Personal Finance, Politics News
Robbie Gennet

President Obama is seeking massive changes in the way the US is operating when it comes to energy, transportation, agriculture and labor, among others...

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AP: Recession's Impact Show Signs Of Moderating

AP | MIKE SCHNEIDER and JEANNINE AVERSA | Posted 07.09.2009 | Business

Read More: U.S. Economy, AP Economic Stress Index, Economic Forecasts, Consumer Spending, Recession, Business News

The economy's tailspin gave way to a more controlled descent in the spring, according to The Associated Press' monthly analysis of economic stress in ...

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U.S. Economy Still In Deep Recession Despite Glimmers Of Hope

Washington Post | Neil Irwin | Posted 07.02.2009 | Business

Read More: Deep Recession, US Economy, Economy, US Recession, Recession, Business News

Economists, senior government officials and ordinary consumers are all showing greater confidence in the outlook for the economy. ...

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Roubini: Recession May Last 9 More Months

Reuters | Posted 06.28.2009 | Business

Read More: U.S. Economy, Nouriel Roubini, Economic Forecasts, Economy, Economic Crisis, Rgemonitorcom, Roubini Dr Doom, Recession, Business News

SEOUL (Reuters) - Nouriel Roubini, the famously glum economist who predicted the financial crisis, said that while the recession in the United States ...

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Battle of the Regulators

Ron S. Geffner | Posted 06.26.2009 | Business

Read More: U.S. Economy, Sec, Securities and Exchange Commission, Recession, Economy, Economic Crisis, Business News
Ron S. Geffner

There is no regulatory agency nor are any of our elected officials without blood on their hands. Each has contributed to the economic crisis.

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U.S. Risks A Second Recession

Reuters | Emily Kaiser | Posted 06.26.2009 | Business

Read More: Recession Forecasts, U.S. Economy, Jeffrey Rosenberg, Double-Dip Recession, Economic Crisis, Recession, Financial Crisis, Business News

WASHINGTON (Reuters) - The U.S. economy appears destined for several years of weak growth and high unemployment that leave it vulnerable to a recessio...

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Immigrant Professionals Leaving US Due To Downturn

Washington Post | Stephanie McCrummen | Posted 06.25.2009 | Business

Read More: Economy, Immigrant Professionals Leaving Us, Immigrants, US Economy, Recession, Business News

With the U.S. economy in turmoil, his job as a truck driver no longer secure and his upwardly mobile life in the Dallas suburbs in jeopardy, James Odh...

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Doubting Dows

Dan Dorfman | Posted 06.25.2009 | Business

Read More: Recession Fears, U.S. Economy, Bullish-Market, Recession, Economy, Economic Crisis, Business News
Dan Dorfman

After assessing the economic scene, Richard Russell, editor of the Dow Theory Letters, is convinced the economy is not fated to turn upwards towards the end of 2009. Nor, he believes, will it turn up in 2010.

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U.S. Economy Risks Dire Prospect of Hyperinflation

Sheldon Filger | Posted 06.25.2009 | Business

Read More: Timothy Geithner, Hyperinfaltion, Larry Summers, Deflation, Economic Crisis, Inflation, Federal Reserve, Treasury, Financial Crisis, Pimco, Bill Gross, U.S. Economy, Ben Bernanke, Economy, Business News
Sheldon Filger

Quantitative easing and multi-trillion dollar deficits are the two core ingredients of an explosive fiscal cocktail that will ultimately lead to hyperinflation.

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Geithner Pledges To Cut Deficit As Concern Grows Over US Debt Rating

Bloomberg | Robert Schmidt | Posted 06.21.2009 | Business

Read More: US Debt Rating, US Debt, US Economy, Geither, Business News

Treasury Secretary Timothy Geithner said the Obama administration is committed to reducing the federal budget deficit after concerns rose that the U.S...

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PIMCO's Gross: U.S. At Risk Of Losing Top AAA Rating

Reuters | Jennifer Ablan | Posted 06.21.2009 | Business

Read More: US Economy, Pimco, Bill Gross, AAA Rating, Business News

Bill Gross, manager of the world's biggest bond fund, warned on Thursday the United States will eventually lose its top AAA credit rating, a fear that...

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Bad Vibes from the Stars

Dan Dorfman | Posted 06.21.2009 | Business

Read More: US Economy, Merrill Lynch, Dow Jones, Global Economy, Economy, Economic Crisis, Astrology and Politics, Planetary-Alignment, Timothy Geithner, Ben Bernanke, David Walker, China Economy, Business News
Dan Dorfman

The L-shaped economy that we're in is one which won't get much better and will require an adjustment to lower economic growth and a lower standard of living.

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Fed sees hopeful signs but downgrades `09 forecast

AP | JEANNINE AVERSA | Posted 06.20.2009 | Business

Read More: U.S. Economy, Economic Forecast, 09 Forecast, Economy, Fed Economy, Federal Reserve, Business News

WASHINGTON — The Federal Reserve expects the economy to improve in coming months, even as policymakers downgraded their outlook for all of 2009 ...

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The Unknowable Lightness of Being

Zachary Karabell | Posted 06.19.2009 | Business

Read More: Fed Minutes, Federal Reserve, U.S. Economy, Unemployment, Statistics, Gdp, Economic Predictors, Economic Predictions, Business News
Zachary Karabell

The consensus about the future, based on predictions that have never been right in the past, is for anemic economic activity through the fall and then fairly decent into next year with still high unemployment.

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Why Barack Obama Cannot Prevent America's Next Great Depression

Sheldon Filger | Posted 06.19.2009 | Business

Read More: Global Recession, u.s. Deficit, U.S. Banks, Obama Economics, Obama Economic Stimulus Plan, President Obama, Maynard Keynes, Financial Crisis, U.S. Economy, Barack Obama, Global Economic Crisis, Obama's Economic Team, Hernando De Soto, Business News
Sheldon Filger

President Obama may be fated to travel the same path as Gorbachev, and like him, end up as a valiant failure.

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Build More Autos Overseas: Marginalize More U.S. Families

Leo W. Gerard | Posted 06.19.2009 | Business

Read More: NewPage Corp., Ford Ranger, Usw, China, Chevy Silverado, Toyota Celica GT, Unemployment, General Motors, Copper, Nissan, Hurricane Katrina, Jim Henson, 9-11, U.S. Economy, Ge, Gm, Steelworkers, United Steelworkers, Congress, Hbo, Goodyear Tire, Keep It Made in America, Wall Street, Bush Administration, Molybdenum, Ball Corp., Molly, Fraggle Rock, Chino Mine, Sub-Prime Mortgage Crisis, Freeport McMoRan, Rubber Worker, Doozers, Auto Bailout, Fraggles, Business News
Leo W. Gerard

As I toured the U.S. last week on the 11-state, 32-city "Keep it Made in America" bus tour. I talked to unemployed manufacturing workers who are desperate.

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Blacks and Latinos Barely Afloat During Recession: With High Rates of Unemployment, Obama's Recovery Plan Not Enough

C. Nicole Mason | Posted 06.18.2009 | Politics

Read More: Latinos, U.S. Economy, Recovery, Labor, American Recovery and Reinvestment Act, Green Jobs, Economic Stimulus Package, Unemployment, Money, Main Street, Obama Administration, Green Economy, Affirmative-Action, Families, Job Creation, African Americans, Politics News
C. Nicole Mason

In order to cut the unemployment rate in those communities to the projected national rate of 6.5 percent, an additional 1.7 million jobs would have to be created and go directly to Blacks and Latinos by 2010.

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