economic recovery

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Let&#39;s Give Jobless a &#39;Signing Bonus&#39;
 Let's Give Jobless 
 a 'Signing Bonus' 
OPINION
Jun 11, 2011 12:40 PM CDT

Let's Give Jobless a 'Signing Bonus'

But cut off benefits after 39 weeks: Todd Buchholz

(Newser) - Todd Buchholz, an economic adviser to the elder President Bush, thinks the idea of 99 weeks of unemployment benefits is foolish. It gives people little incentive to find work, he writes in the Washington Post . His solution: Cut off benefits at 39 weeks but add a "signing bonus" for...

Obama: Economy 'Going to Take Time'

President pleads for patience in weekly address

(Newser) - President Obama today sought the public's patience with a slowing economy and said training workers for manufacturing jobs despite declines in that sector will help put the economy on a path toward growth. "We didn't get into this mess overnight. And we won't get out of...

Elite &#39;Pain Caucus&#39; Is Killing America
 Elite 'Pain Caucus' 
 Is Killing America 
paul krugman
Jun 10, 2011 1:35 PM CDT

Elite 'Pain Caucus' Is Killing America

Rich creditors dictate policy, leave jobless in the lurch: Paul Krugman

(Newser) - Ordinary Americans are reeling under the high unemployment rate, and the economy is teetering as well. So why do politicians in both parties refuse to spend money to create jobs? Blame the "Pain Caucus," writes Paul Krugman in the New York Times . This caucus consists of "rentiers,...

Bernanke, Obama Agree: No Double-Dip

Fed chief, president expect recovery will strengthen

(Newser) - Ben Bernanke isn’t worried about a double-dip recession, despite an economy he acknowledged as unexpectedly troubled this year, reports MarketWatch . “I expect hiring to pick up from last month’s pace as growth strengthens in the second half of the year,” the Fed chairman told a meeting...

US Keeps Repeating Same Mistake on Economy

Paul Krugman: We have to worry about jobs, not the deficit

(Newser) - The US made a terrible mistake last year by not spending enough money on the economic recovery, and it's on track to repeat the error on a larger scale this year, writes Paul Krugman in the New York Times . Deficit hawks were allowed to overrule those concerned about job...

Only McDonald's Saved Us From Losing Jobs

Depressing: That one-day hiring binge kept us in the black

(Newser) - Just how lousy were today's unemployment numbers ? Employers created a meager 54,000 jobs, way under expectations. Alex Goldmark at Good points out that if not for McDonald's one-day hiring binge of 62,000 jobs, the nation would have had a net loss. "That's what...

Sorry, Our Economic &lsquo;Recovery&rsquo; Is Tanking
 Sorry, Our Economic 
 ‘Recovery’ Is Tanking 
henry blodget
Apr 28, 2011 12:13 PM CDT

Sorry, Our Economic ‘Recovery’ Is Tanking

Weak GDP growth is only the latest sign: Henry Blodget

(Newser) - The general consensus these days is that the economy is enjoying a steady if unspectacular recovery, writes Henry Blodget at Business Insider . After all, stocks and corporate profits are up and the unemployment rate is down. In a column headlined "Don't Mean To Be Rude, But The Economy...

Nicholas Kristof: GOP Gives Democracy a Bad Name



 GOP Gives 
 Democracy 
 a Bad Name 
Nicholas Kristof
Apr 7, 2011 1:21 PM CDT

GOP Gives Democracy a Bad Name

Why are we paying these people?

(Newser) - Nicholas Kristof has spent a lot of time in Libya, Egypt, Bahrain, and China recently, talking up the virtues of democracy. “But if Congressional Republicans actually shut down the government this weekend, they will be making a powerful argument for autocracy,” he writes in the New York Times...

Unemployment Dips to 8.9%, Nearly a Two-Year Low
 Unemployment Dips to 8.9% 
Mar 4, 2011 7:58 AM CST

Unemployment Dips to 8.9%

That's nearly a two-year low

(Newser) - More good news in February : The unemployment rate dipped to 8.9%—a nearly two-year low—as employers hired at the fastest pace in nearly a year. The economy tacked on 192,000 jobs last month, with factories, professional and business services, education, and health care among those expanding employment....

Obama Brings Call for Innovation to 'Sputnik' Town

President reinforces message in Wisconsin

(Newser) - The day after calling for Americans to double down on innovation and seize what he has dubbed the new "Sputnik moment," President Obama reinforced his message in the small town of Manitowoc, Wisconsin. The choice of town in the pivotal electoral state is doubly significant, as Obama delivered...

Housing Market Headed for Double Dip

Declines could hurt broader recovery

(Newser) - The housing market is cratering again, dousing the optimism that pervaded earlier this year. Prices fell for the third straight month in October, according to the S&P/Case Shiller index released yesterday, and economists expect them to keep dropping through early spring, wiping out any progress made since the market’...

Greenhouse Gas Emissions on Track to Set Record

If economy continues to recover, emissions likely to rise

(Newser) - The bad news: Greenhouse gas emissions could hit record highs this year, a new study shows. The kinda good news: Researchers say a recovering economy is to blame. Scientists found that—despite the financial crisis—global carbon dioxide emissions only dropped by 1.3% last year compared to 2008's record...

Bernanke's Rationale Looks Too Rosy

Felix Salmon isn't thrilled with Fed chief's op-ed

(Newser) - The Fed's controversial plan to buy $600 billion worth of Treasuries to stimulate growth has brought the phrase "quantitative easing" out from the obscurity of financial blogs. Will it work? Two columns today on the subject from Ben Bernanke himself in the Washington Post and Felix Salmon at Reuters...

Fed Will Pump $600B Into Economy
Fed Will Pump $600B
Into Economy
Nov 3, 2010 2:09 PM CDT

Fed Will Pump $600B Into Economy

Hopes to drive down rates, stimulate hiring

(Newser) - The Federal Reserve is making a bold effort to invigorate the economy by announcing it will buy hundreds of billions more in Treasury bonds. The Fed says it will buy $600 billion of long-term government bonds by the middle of 2011 to further drive down rates on mortgages and other...

US Is Pissed, and It Won't End Nov. 2


 US Is Pissed, 
 and It Won't 
 Stop Nov. 2 
Frank Rich
Oct 17, 2010 8:16 AM CDT

US Is Pissed, and It Won't Stop Nov. 2

Only economic recovery can soothe the country's anger

(Newser) - Carl Paladino, New York's gay-bashing , racist email-sending gubernatorial candidate, may be the most "clownish" illustration of American rage, but he's no anomaly, writes Frank Rich in the New York Times . And, like the "farcical" Christine O'Donnell, Paladino is a "political loss-leader" whose probable defeat lets us laugh...

'Recovery' Looking Like 10-Year Recession

Uncertainty is the 'new normal' in America

(Newser) - For many Americans, "recovery" feels a lot like recession—and it may take a decade for that to change, finds the New York Times . At the current rate of job creation, for instance, it would take nine years to recapture jobs lost thus far. Home prices, meanwhile, are down...

Growing Income Gap Is Killing US
 Growing 
 Income Gap 
 Is Killing US 
Steven Pearlstein
Oct 6, 2010 1:57 PM CDT

Growing Income Gap Is Killing US

Steven Pearlstein: If all the spoils go to the few, it has real economic consequences

(Newser) - Plenty of time and space has been and will be devoted to figuring out why the income gap between the rich and poor has gotten so big in the US, writes Steven Pearlstein. Today, though, he focuses on the very real consequences: "Runaway inequality," he writes, "undermines...

Senate Clears $30B Small-Business Measure

Dems overcome months of opposition

(Newser) - The Senate passed long-delayed legislation today designed to open up credit to small businesses and award them with other incentives to expand and hire new workers. Democrats won a 61-38 vote to pass the legislation, joined by two Republicans (George Voinovich and George LeMieux). The measure would establish a $30...

Greenspan: Forget Stimulus, Let Markets Take Over

Government spending is less effective than we hoped

(Newser) - Alan Greenspan says stimulus spending isn't perking up the economy as much as hoped—and that at this point, it's better to let businesses and the markets handle the recovery, the Wall Street Journal reports. “We’d probably be better off doing less than more” because “you’d...

Stewart Mocks Biden's 'Summer of Recovery'

'Summer of bedbugs' might have been more accurate

(Newser) - America had a summer of bedbugs and mosque controversy instead of the "summer of recovery" Joe Biden promised, complains Jon Stewart. The Daily Show host, pointing to dismal jobs numbers and the sagging stock market, says "summer of recovery" is about as accurate as calling last summer the...

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