Federal Reserve Sees Slowing, Refuses To Panic
The Federal Reserve Open Market Committee notes were issued today and the agency said the economy was once again in nearly dire straights. “The pace of recovery in output and employment has slowed in…
Economy
All Economy Articles
Newest first · Page 364This Just In: People Are Worried About Their Jobs
People worry about their jobs and the economy more than anything else. That is the conclusion of a new Gallup poll that was a waste of both time and money. No sane person would…
Predicting A Need For Higher Taxes
The new report on the US economy by the Organization for Economic Co-Operation and Development says that the American deficit is greater than the government says it is and that one of the results…
Productivity Still The Enemy Of Job Creation
The relationship between productivity and job creation is a complex one–at least as seen through the eyes of economists. It is based on a simple question: how long can companies squeeze additional work out…
The Recession Is Over, Long Live The Recession
The recession ended last June, according to those who decide–the Business Cycle Dating Committee of the National Bureau of Economic Research. The economy has been in an expansion since then, at least so far…
Tax The Rich, But Not Their Businesses
Washington has a problem, or at least the Administration does. It is tempted to allow tax cuts for the rich, those who make more than $250,000 a year, expire. That will put a burden…
The Old Folks Can’t Find Work
The old folks can’t find work. Neither can the young. But, the young can wait it out. The old have almost run out of time. The New York Times points out that some people…
Poll Shows Unemployment On The Rise Again, Total Nears 19%
The number of people who are unemployed or underemployed has begun to rise for the first time since last spring. This may be a sign that the economic slowdown that began sometime in the…
David Stockman Hates The Bush Tax Cuts
Former Reagan Budget Director David Stockman, one of the founders of fiscal conservatism, has emerged as one of the smartest critics of the Bush Tax Cuts. He made his case to Alan Murray of…
Consumer Confidence Crushed In September
According to Reuters Consumer sentiment unexpectedly worsened in early September to its weakest level in more than a year, as distress over jobs and finances intensified among upper-income families, a survey released on Friday…
The Rich Badly Hurt By Economic Cycles
The poverty level in the US has reached its highest level since 1994, and the number of uninsured Americans is at an all-time high. But it is the rich who are most affected by…
Down-And-Out In America — 2010 Style
The news today from the Census Bureau was awful. As the U.S. grapples with the worst economic downturn since the Great Depression, more people must struggle to sustain themselves. About 54 million people in…
No Good New From The Philly Fed
The economy is in reverse, if the most recent data from the Philadelphia Federal Reserve is any indication. Results from the federal agency’s Business Outlook Survey suggest that regional manufacturing activity was nearly flat…
Greenspan Plays Crypt Keeper for Council on Foreign Relations
Alan Greenspan spoke today at the Council on Foreign Relations in New York, and he is not exactly the biggest bull. On the stimulus, the crypt keeper says the obvious: it is not working…
Economic Confidence Slides
Confidence in the economy in the early part of September was down from the previous two months and collapsed compared to to the same period last year. “Although economic confidence in the U.S. appeared…