economic recovery – News Stories About economic recovery - Page 4

Obama: We're Sunk
Without a Strong
Middle Class

Sep 8, 2010 1:30 PM CDT

Obama: We're Sunk Without a Strong Middle Class

He lays out his plan for economic recovery

(Newser) - President Obama today delivered his big speech on the economy, though the big themes were laid out in advance. He reiterated that it's time to extend Bush-era tax cuts for the middle class—but that the nation can't afford the Republican approach of extending tax cuts for the wealthy as...

Be Wary of
Cash-for-Clunkers-o-Nomics

opinion

Sep 7, 2010 12:49 PM CDT

Be Wary of Cash-for-Clunkers-o-Nomics

Demand for new equipment will spike, then collapse

(Newser) - So President Obama is going to give businesses a break by letting them write off 100% of the cost of new equipment and plants. Welcome to "cash-for-clunkers-o-nomics," writes Joe Weisenthal at Business Insider . In a tepid economy, probably the only companies that take advantage will be those that...

Fixing the Economy
Is a Lot Like Parenting

DAVID BROOKS

Aug 27, 2010 1:11 PM CDT

Fixing the Economy Is a Lot Like Parenting

It's all about 'good values' and a secure environment

(Newser) - Americans debated the merits of fiscal stimulus a lot—in particular how big it should be. But it's important not to lose the forest for the trees when engineering an economic recovery, David Brooks writes for the New York Times . Consider Germany, which had a much smaller stimulus and is...

New Hiring Is Weak:
Jobless Rate Still 9.5%

Aug 6, 2010 8:13 AM CDT

New Hiring Is Weak: Jobless Rate Still 9.5%

Unemployment report has no happy surprises

(Newser) - Private employers added new workers at a weak pace for the third straight month, making it more likely economic growth will slow in the coming months. The jobless rate was unchanged at 9.5%. The Labor Department said companies added a net total of 71,000 jobs in July, far...

Bernanke: Unemployment Will Be High
for Years

Jul 21, 2010 3:24 PM CDT

Bernanke: Unemployment Will Be High for Years

Financial picture is 'unusually uncertain'

(Newser) - Ben Bernanke isn't exactly spreading good tidings in his semiannual report to Congress. Two of the lowlights, from the New York Times :

Unemployment: Expect it to remain high, as in well above 7%, through the end of President Obama's first term. Bernanke said it will take "a significant amount

...

Hey, Stimulus Backers,
Don't Be So Arrogant

david brooks

Jul 6, 2010 12:21 PM CDT

Hey, Stimulus Backers, Don't Be So Arrogant

At least concede the possibility you're wrong

(Newser) - David Brooks sounds a bit fed up with all the economists— Paul Krugman , he's looking at you—loudly demanding another stimulus. Among the shots in today's New York Times column:

"The Demand Siders are brilliant, but they write as if changing fiscal policy were as easy as adjusting the

...

Our Economy: Damned If We Do, Damned If We Don't

steven pearlstein

Jul 2, 2010 1:58 PM CDT

Our Economy: Damned If We Do, Damned If We Don't

Short-term fixes needed, but they hurt our long-term prospects

(Newser) - Steven Pearlstein surveys the mess of our economy and finds that we're in quite a pickle: "To fix the economy in the long run, we have to weaken it in the short run—yet weakening it in the short run makes it just that much harder to fix it...

US Sheds Jobs for
First Time This Year

rate is 9.5%

Jul 2, 2010 7:55 AM CDT

US Sheds Jobs for First Time This Year

It's the first monthly decline in 2010

(Newser) - Today's unemployment numbers from June delivered generally bleak news and suggest that the economic recovery is slowing, reports the Wall Street Journal . The unemployment rate actually dipped from 9.7% to 9.5%, but the US economy lost jobs (125,000, mostly because census workers' temporary positions were cut) for...

We're Heading for Recession

opinion

Jun 26, 2010 5:09 PM CDT

We're Heading for Recession

Weak growth and tax increases doom us

(Newser) - John Mauldin takes a lengthy look at a slew of economic factors at Business Insider and reaches a somber conclusion: Odds are now better than even that the US will slip into a rare double-dip recession next year. Growth is anemic, with little hope for a turnaround in sight, and...

Economy Expands at 3.2%
Clip as Spending Rebounds

Apr 30, 2010 8:20 AM CDT

Economy Expands at 3.2% Clip as Spending Rebounds

Consumer spending drives growth for third straight month

(Newser) - The economy grew at a solid 3.2% pace during the first quarter of this year as consumers boosted their spending by the most in three years. It marked the third straight quarterly gain, providing more hope that a recovery is in progress. Still, growth came in a tad shy...

Jobs Surge Back
for Techies

Apr 16, 2010 8:06 AM CDT

Jobs Surge Back for Techies

Google hired 786 employees in Q1

(Newser) - If you went to MIT, the economy shouldn’t look half bad. Tech companies are hiring again, often even fighting over top recruits, the Wall Street Journal reports. Yesterday, Google announced that it had hired 786 employees in the first quarter, and said it expected to “continue hiring aggressively...

Unemployment Stays at 10%

Jan 8, 2010 7:42 AM CST

Unemployment Stays at 10%

Employers cut 85,000 jobs in December, more than expected

(Newser) - The economy lost more jobs in December and the unemployment rate was unchanged, signs that a sluggish economic recovery has yet to revive hiring. The Labor Department says employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected. A sharp drop in the labor force,...

Stocks Close In
on Big 2009 Gains

Dec 31, 2009 8:00 AM CST

Stocks Close In on Big 2009 Gains

Dow up 61% since the low point in March

(Newser) - Stocks have rebounded mightily since the dark days of March, though analysts warn the dazzling recovery could make for a lackluster 2010, or even auger a double-dip recession or '30s-style yo-yoing markets. The good news first: Barring a disastrous close today, the Dow will be up around 61% since March...

Obama Pushes Tax Breaks for Small Businesses

Dec 8, 2009 1:08 PM CST

Obama Pushes Tax Breaks for Small Businesses

President lays out ideas to create jobs

(Newser) - President Obama proposed a series of job-creating ideas today to supplement the original stimulus plan, with an emphasis on helping small businesses through tax breaks and a suspension of their capital gains taxes. He also called for spending on highways and other infrastructure projects as well as the so-called “...

Obama to Tackle
Jobs, Deficit

speech preview

Dec 8, 2009 8:53 AM CST

Obama to Tackle Jobs, Deficit

Pols split on how to use bailout bucks for recovery

(Newser) - President Obama will today outline a new push to tackle the country's surging unemployment and mounting deficit. The speech, at the Brookings Institution, comes as legislators are locked in a debate over how, exactly, to use surplus TARP funds to boost a tepid recovery. Republicans oppose dipping into the surplus,...

'Formidable Headwinds' Hinder Recovery: Bernanke

Dec 7, 2009 4:30 PM CST

'Formidable Headwinds' Hinder Recovery: Bernanke

Weak credit and labor markets mean recovery will be slow: Fed chair

(Newser) - Ben Bernanke painted a stark picture of the economy today, warning that "formidable headwinds" are working against the incipient recovery. Despite an unexpectedly positive jobs report, the pace of expansion is likely to remain "moderate," the Fed chair said. “Despite the general improvement in financial conditions,...

Jobs Are Coming
Back—and Soon

floyd norris

Dec 4, 2009 11:22 AM CST

Jobs Are Coming Back—and Soon

Employers laid off so many they'll have to hire

(Newser) - The rosier-than-expected unemployment numbers released today are encouraging, Floyd Norris writes, but it’s actually the very precipitous nature of the original falloff that makes him optimistic about the future. So many jobs were lost, Norris argues, that If employers want to fill any but the most meager of orders,...

Employers Offer
More OT, Fewer New Jobs

green shoots

Nov 27, 2009 1:33 PM CST

Employers Offer More OT, Fewer New Jobs

Brightening economy results in more overtime, fewer new jobs

(Newser) - Manufacturers skeptical about economic improvement are hedging their bets and forgoing hiring in favor of scheduling overtime work to fill welcome new orders. The tactic may be working for now—employees surely aren’t complaining—but the phenomenon is likely to be short-lived. “Overtime is more costly,” an...

Geithner:
Recovery
Could Be
'Choppy'

Sunday Talk shows

Nov 1, 2009 6:56 AM CST

Geithner: Recovery Could Be 'Choppy'

Tells NBC that financial crisis caused 'a lot of damage'

(Newser) - Timothy Geithner says the US economy has suffered a lot of damage in the current downturn, and it's going to take time before it fully recovers. The treasury secretary said on NBC's Meet the Press that creating jobs and regaining the confidence of investors will be the real test of...

IMF: Global Recession Is Over

Oct 1, 2009 5:37 AM CDT

IMF: Global Recession Is Over

World economy is growing, but recovery will be slow

(Newser) - The global recession is over, the International Monetary Fund said today, revising its economic forecasts in response to Asian growth and more than $2 trillion in stimulus packages worldwide. The IMF now says the world economy is growing and will expand by 3.1% in 2010, with China growing at...