Fed’s Best Bet Is To Sit On It Hands
Many of Ben Bernanke’s fellow Fed governors are sullen if not mutinous about the decision to buy in as much as $600 billion in US paper. Some consider it a road to inflation. Others…
Economy
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Newest first · Page 361Moody’s Warning On US Debt Rating Ignored By Congress
Moody’s says that plans by Congress and the Administration to extend tax cuts may stimulate the US economy for the next year. That will be the end of the positive effects. The budget deficit…
2011: The Year Of Employment Growth
Staffing giant Manpower has released its forecasts for employment conditions for the first quarter of 2011. They are optimistic, and in some cases ebullient. “Data reveals improved hiring expectations from 12 months ago in…
Just Say No To An Unemployment Task Force
In an interview with The Financial Times, American Express Co. (NYSE: AXP) Chief Executive Kenneth Chenault called for the formation of task force among business and political leaders to tackle the unemployment problem. This…
Wal-Mart’s Best Selling Holiday Items (WMT, AMZN, AAPL, EK)
What’s driving holiday sales at Wal-Mart Stores Inc. (NYSE: WMT)? We took a look at some of the best sellers at Amazon.com Inc. (NASDAQ: AMZN) yesterday, and thought it would be interesting to see…
Americans: Cut Government Spending, Don’t Touch Taxes
Americans believe that the pain of reducing the deficit should be based on government cuts and not changes in the tax code. They do not, however, expect their own taxes to drop as a…
Why Asking For Higher Taxes Is Patriotic
Is it patriotic for a group of 45 millionaires to petition the government to raise their taxes? You betcha. In fact, Patriotic Millionaires for Fiscal Strength are willing to sacrifice their own fiscal well-being…
EC To Hammer Ireland On Its Four-Year Economic Plan
The European Commission plans to give a “thorough assessment” of a four-year budget plan to be released on Tuesday. According to the Irish Times, “The European authorities and the IMF are working on the basis…
Bernanke Defends The Faith Against China
“Globally, both growth and trade are unbalanced. Because a strong expansion in the emerging-market economies will ultimately depend on a recovery in the more advanced economies, this pattern of two-speed growth might very well…
Economists” Group Says 2011 Will Be A Hard Year
Next year will not be much of an improvement over this one if a large group of prominent economists is to be trusted. The Research Seminar in Quantitative Economics at the University of Michigan poll…
House Could Extend Long-Term Unemployment Benefits, Maybe
Two million people are scheduled to lose their long-term unemployment benefits between now and year’s end. Unless friends or relatives elect to be generous, this would essentially make them indigent and likely without shelter.…
Good News For The Economy, At Least In Philadelphia
The economy has begun to show signs of life, at least in Philadelphia. The Philadelphia Federal Reserve said: “Results from the Business Outlook Survey suggest that regional manufacturing activity showed improvement in November. All…
India Micro-Credit Market Starts To Collapse
CIA World FactbookLend tens of thousands of poor people who do not have normal access to modest sums of money, and do it during a recession, then hope to get the money back. It…
The Good, The Bad, And The Insignificant: The Fed Will Maintain QE2 Plan, Like It Always Said It Would
Verdict: Good There is no turning back now. The Federal Reserve plans to implement QE2 like it already said it would do two weeks ago. But, Ben Bernanke has proven once again that he…
Another Useless Debt Reduction Plan
The Bipartisan Policy Center set up by former Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole and George Mitchell will offer a new plan to address the national deficit. It will be called “Restoring…