The need for a new and tremendous belt-tightening by the US government and the costs of the recession to consumers is about to hit like a tidal wave. And the drops in government services to individuals and businesses…
The bailout of Greece has come down to a very few options: 1) Germany can bail Greece out because it is the one European nation that can afford to, 2) Germany will not bail Greece out…
There has been a great deal of speculation that Greece might resign its spot in the Eurozone so that it can use its own currency as a way to handle its debts or perhaps default…
The Social Security Administration wants back the $2.5 trillion its has loaned to the US Treasury. It is no wonder. The agency will have to pay out $29 billion more this year that it…
It cannot be good news that the warnings from credit agencies about the US debt and deficit come almost monthly now. Moody’s, in its latest quarterly AAA Sovereign Monitor, examined the financial health of…
The unemployment rate is slightly below the 10% mark, which seems terribly important psychologically. It seems that the economy is fine if the jobless rate is 9.7% but is in horrible shape if the…
Results from the poll used to create the Blue Chip Economic Indicator show that economists believe that US GDP will grow at a slower rate than they had previously forecast for next year. According…
The statisticians who occasionally cough up data on employment posted two new sets of numbers today. The first was the traditional monthly report from the BLS called “The Job Openings and Labor Turnover Summary”. …
Seventy-three percent of companies polled in a new Manpower survey said their will not hire employees in the second quarter. The Manpower Employment Outlook Survey covers 18,000 companies across all major industry sectors. The…
The Federal Reserve has issued its most recent Beige Book, which does not really sound that much different from from many of the notes from the latest FOMC minutes. The Fed noted slight improvement…
It has been two days since the United States Department of Labor announced that if Emergency Unemployment Compensation and full federal funding for the Extended Benefit program are not extended, 400,000 Americans will lose…
Iowa opened its “cash for appliances” program yesterday and the $2.8 million that the state had set aside to fund it was gone by mid-afternoon. All on the first day. The state announced “…all…
Chile was hit with an 8.8-magnitude quake devastating some parts of the South American country today. Officials say it is the worst earthquake to hit the country in a quarter of a century. The event occurs…
The number of “snow hurricanes” that have hit the mid-Atlantic states and Northeastern US must be a National Weather Service record. Much of the East Coast is under assault again and will be for most…
The US economy may have grown at a 5.7% pace in the fourth quarter of 2009, but according to a survey of experts by Thomson Reuters a figure of closer to 3% is more likely…