OECD Warns on Threat of EU and U.S. Recession
The OECD has warned in its latest Economic Outlook that both the euro area and U.S. could quickly move into recession. The organization says that only a sharp change in economic policy will prevent…
Economy
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Newest first · Page 355Newest And Oldest States Still Stuggle With Unemployment
The old industrial states continue to have high unemployment. So do the states that became part of the US relatively recently. Most of this second group were regions of opportunity. The populations which flooded to…
As Recession Looms, Economists See Growth
The signs that point to a new recession recently have grow larger. That has not kept members of the National Association for Business Economists from forecasting moderate growth next year. Their view is out…
Child Poverty Is Concentrated in Areas That Cannot Combat It
Nothing in the Census report on child poverty levels for 2009 and 2010 was unexpected. The 2010 poverty rate rose slightly to 21.6%, the highest level since 2001. That is the year when the…
What’s Important in the Financial World (11/16/2011) Dell’s Problems, BMW Sales
BMW said its expects double-digit percentage growth in the U.S. in 2012. And Cadillac says it will launch two new models to compete with BMW next year. Both brands have had sales improvements this…
The Seven Jobs That Require the Most Education, but Pay the Least
College graduates with student loans owed an average of $25,250 in 2010, an all-time high and a 5% increase, according to a recent report. What makes matters worse is that students graduating in 2010…
US Recession Risk Tops 50%
The financial crisis in Europe and the lingering effects of the earthquake and tsunami in Japan have heightened the risk of a second recession in the US in the first half of 2012. That’s…
The Jobs That Make The Most In Tips
Tips have reached a tipping point. The amount people in the service industry make in tips is up for the first time in three years, according to a report published today by PayScale. The…
What Matters In The Financial World Today (11/5/2011)
The Greek democracy is over 3,000 years old, and it may take another 3,000 for the nation to sort out its national debt problems. Prime Minister George Papandreou was able to withstand a vote…
FOMC Looking at Slightly Better Growth & Moderated Inflation
As expected, Ben Bernanke and the Federal Open Market Committee kept interest rates steady. What was always the most important thing to consider is an update on “operation twist” as far as how far…
Unemployment Begins to Look Better
ChartFor the first time in almost a year, it appears that unemployment has begun to improve. October jobless numbers could fall well below 9% for the first time since the start of the recession.…
Q3 GDP Maintains Growth… The Recession Has To Wait
The news this morning is dominated by European bailout news, but we have a “recession watch” figure today. This morning was the Gross Domestic Product for the third quarter in the United States. This…
Analysts Upgrade Q3, Ignore Housing and Consumer Confidence
Armies of economists have begun to increase their estimates of third-quarter GDP and employment levels. That is a mistake. They seem to have overlooked consumer confidence, which hit a 31-month low this month, according…
Not Much for Social Security Recipients
Social Security recipients, 55 million strong, will get a 3.6% cost of living increase next year. There has not been a cost of living increase from the fund in three years. This one is…
Occupy Wall Street Protests: The Million Message March
The Martin Luther King, Jr., memorial was dedicated in Washington about the time that the Occupy Wall Street movement grew in southern Manhattan and elsewhere. It was a reminder of how effective public protests…