economy – News Stories About economy - Page 28

OPINION

Dec 1, 2008 1:55 PM CST

Obama Must Forget Agenda, Fix Economy

Now isn't the time for divisive legislative battles: Samuelson

(Newser) - When Barack Obama takes office, he’ll have to decide whether he wants to revive the economy, or pursue his policy agenda. “The two approaches are at odds,” writes Robert Samuelson in the Washington Post. Yes, Obama could say energy and health reform will improve the economy, but...

US Already a Year Into Recession: Economists

Dec 1, 2008 12:51 PM CST

US Already a Year Into Recession: Economists

Non-traditional measurement based on employment, other statistics

(Newser) - The US economy has been in a recession since employment peaked in December 2007, a committee of economists declared today. However, MarketWatch notes, the private National Bureau of Economic Research rejects the traditional metric that recession is defined as consecutive quarters of GDP decline, opting instead to look at four...

Who's That
Guy on the
Local News?

Dec 1, 2008 8:25 AM CST

Who's That Guy on the Local News?

TV stations replace veteran anchors with cheaper rookies

(Newser) - Across the country, star local news anchors are signing off for good, the New York Times reports, as local network affiliates look for ways to cut costs, and find big anchor salaries tempting targets. Newscasters with more than 20 years behind the desk have been dropped in Chicago, Houston, Denver,...

Brits Turn to Sex
for Cheap Thrills

Dec 1, 2008 3:41 AM CST

Brits Turn to Sex for Cheap Thrills

Hard times encourage people to find inexpensive activities, poll finds

(Newser) - For those who can't afford to shop during the holidays, the British offer a suggestion: have sex instead. Love-making topped a list of increasingly popular cost-free activities, followed by window shopping and gossiping—which beat out sex among women—in a survey of 2,000 Brits. The findings coincide with...

Bailout Harks
Back to FDR,
With More Risk

analysis

Nov 30, 2008 2:37 PM CST

Bailout Harks Back to FDR, With More Risk

'Unimaginable' spending will mean WWII-sized deficit

(Newser) - Washington's latest $1 trillion injection into the economy echoes Depression-era and WWII revival plans, but with a dangerous twist, writes Jim Puzzanghera in the Los Angeles Times. Even if the bailouts succeed, the government's mountain of debt will likely bury the next generation in high interest rates and inflation. And...

Strapped Budgets
Make for Better Gifts

opinion

Nov 29, 2008 4:10 PM CST

Strapped Budgets Make for Better Gifts

Use a signature gift to cut costs, give meaningfully

(Newser) - Tight budgets are forcing Americans to skirt the season's traditional buying frenzy and make gifts that put "emphasis on people, not stuff," Melissa Magsaysay writes in the Los Angeles Times. She's creating "a creative signature gift" of Ugandan beads that she's turning into bracelets: The...

Noonan:
Be Thankful
We Don't See This

OPINION

Nov 28, 2008 1:10 PM CST

Noonan: Be Thankful We Don't See This

There's no apocalypse out there

(Newser) - This Thanksgiving, Peggy Noonan is thankful for what she’s not seeing. Despite the relentless glut of negative economic news, “everything looks the same,” she writes in the Wall Street Journal. There is no one selling pencils in the street, no children lining up in bread lines. “...

Romer Will Be Summers Ally, but With a Deft Touch

analysis

Nov 28, 2008 11:59 AM CST

Romer Will Be Summers Ally, but With a Deft Touch

Pick for Council of Economic Advisers chair known for 'deft touch'

(Newser) - Relative unknown Christina Romer was a smart pick to lead Barack Obama's Council of Economic Advisers, Lisa Lerer writes for Politico. The Berkeley professor is a Depression expert, and "right now, you want a business cycle stabilization chair," one colleague said. She describes herself as having “liberal...

Islam Would Bring US Out of Crisis: Qaeda Leader

Nov 28, 2008 10:58 AM CST

Islam Would Bring US Out of Crisis: Qaeda Leader

New video ties terror wars to financial meltdown

(Newser) - Al-Qaeda's No. 2 leader appeared in a new video posted today calling on Americans to embrace Islam to overcome the financial meltdown, which he said was a consequence of the Sept. 11 attacks and militant strikes in Iraq and Afghanistan. Ayman al-Zawahiri's 80-minute recording also lashed out at Afghanistan's government...

Rove: Obama Has Picked a
First-Rate Economic Team

OPINION

Nov 28, 2008 6:19 AM CST

Rove: Obama Has Picked a First-Rate Economic Team

Solid picks win rare praise from former Bush deputy

(Newser) - Karl Rove was pleasantly surprised by Barack Obama's choice of an economic team, the Republican analyst writes in the Wall Street Journal, singling out Tim Geithner and Larry Summers as solid picks. Geithner has played a key role in the current administration's handling of the financial crisis and will provide...

Food Banks See
Spike in Demand

Nov 27, 2008 5:24 PM CST

Food Banks See Spike in Demand

Former donors now need donations: bank director

(Newser) - As millions of American families gathered to give thanks for what they have, food banks and shelters struggled to cope with a spike in demand for their services. "Food bank after food bank tells me it's new faces, people they haven't seen before," says one charity spokesman in...

Queen Takes Lead
in Royal Belt-Tightening

Nov 27, 2008 1:15 PM CST

Queen Takes Lead in Royal Belt-Tightening

Royal Family curbs lavish lifestyle to commiserate with strapped Brits

(Newser) - The British, from PM Gordon Brown on down, are turning to the queen for leadership during tough economic times, the Telegraph reports. The monarch has been curbing indulgences and meeting with Britons feeling the impact of the slowdown. Princes Harry and William are falling in line, beefing up their public...

No Snow Job: Owner Wants $500K for Vail Parking Spot

Nov 26, 2008 2:44 PM CST

No Snow Job: Owner Wants $500K for Vail Parking Spot

Space at prime ski destination may appeal to recession-proof snow bunnies

(Newser) - America’s economy may be going downhill, but evidently not in the ski destination of Vail, Colo., where one resident is offering a parking space close to prime slopes for $500,000, the Vail Daily reports. “There’s always somebody out there who has money to spend on a...

Early On, Holiday Travel Going Smoothly

Nov 26, 2008 11:53 AM CST

Early On, Holiday Travel Going Smoothly

Few delays reported on roads, airports at start of Thanksgiving rush

(Newser) - Travelers breezed through airport terminals and drivers cruised open roads today, the effects of a sour economy blamed for keeping people closer to home at the start of the annual Thanksgiving rush. Even though gas prices fell and airlines offered last-minute deals, many Americans appeared to be skipping trips this...

Volcker to Chair an Economic Recovery Advisory Group

Nov 26, 2008 8:44 AM CST

Volcker to Chair an Economic Recovery Advisory Group

Ex-Fed Chief tapped to advise on topics from wages to recovery

(Newser) - Former Fed chief Paul Volcker will run a new non-partisan White House economic advisory board being crafted by president-elect Barack Obama, reports the Wall Street Journal. The group, to be comprised of independent experts, will give Obama a channel of economic advice that falls outside Washington's traditional bureaucracy.

Obama, Biden Will Huddle With Governors on Economy

Nov 25, 2008 4:00 PM CST

Obama, Biden Will Huddle With Governors on Economy

GOP participants may resist further bailouts

(Newser) - Barack Obama and Joe Biden will discuss measures to help the ailing economy with America’s governors next Tuesday, the Wall Street Journal reports, with a two-hour, bipartisan working session in Philadelphia. GOP governors are “looking forward” to hearing Obama’s ideas, but will definitely bring plans of their...

Slump May Doom
Clean Energy Initiatives

Nov 25, 2008 12:25 PM CST

Slump May Doom Clean Energy Initiatives

Some nations could fall back on fossil fuel

(Newser) - Just as global warming initiatives were gaining serious momentum around the world, the financial crisis looks like it's undermining both the political will and the math that support them, the New York Times reports. With gas prices plummeting, US automakers may be scaling back investment in new technology. In Europe,...

Thrift Helped
Get Us Into
This Mess

OPINION

Nov 25, 2008 10:09 AM CST

Thrift Helped Get Us Into This Mess

"Wealth effect" is playing out in reverse

(Newser) - Three factors are playing into the financial crisis, and it's time to recognize the culprit that accompanies the burst housing bubble and banking meltdown, Robert J. Samuelson writes in the Washington Post. The wealth effect—"the tendency of people to adjust their spending as their wealth changes"—...

Learn to Live With Less

OPINION

Nov 23, 2008 12:44 PM CST

Learn to Live With Less

Couple pledged to buy only necessities for 12 months

(Newser) - Light wallets may seem particularly woeful around the holidays, when cheer often comes with a retail pricetag. But shopping binges, while they may be satisfying, ultimately just add to overconsumption problems worldwide, Judith Levine writes in the Washington Post. So she and her partner tried something new: They went a...

'Public Sick of Partisanship':
Lieberman

talk show roundup

Nov 23, 2008 12:00 PM CST

'Public Sick of Partisanship': Lieberman

Joe says Obama never called back; politicos talk bailouts on TV

(Newser) - Joe Lieberman told Meet the Press today that he regrets "some things I said in the heat of the campaign that I wish I'd said more clearly," and hopes Barack Obama will put, er, "country first" by leading in a bipartisan fashion. Lieberman said he called...