economy

Stories 601 - 620 | << Prev   Next >>

Pound Craters After Latest Grim Stats

British currency falls to $1.56 amid recession fears

(Newser) - The British economy shrank by 0.5% last quarter, all but confirming that the UK is in its first recession since 1991, reports the Times of London. The decline is greater than expected, and this week both the prime minister and the head of the Bank of England acknowledged that...

Crisis Powwow Set for Nov. 15

Nov. 15 is the date

(Newser) - World leaders will meet Nov. 15 in Washington to address the global financial crisis—the first in a series of summits to mitigate what economists predict could be a long and deep downturn, a senior Bush administration official said today. The first meeting will discuss underlying causes of the financial...

Cabbies Among First to See Ripples of Wall Street's Pain

Crashing markets mean fewer fares, smaller tips

(Newser) - New York cabbies will tell you that their jobs are indicative of overall health of the economy—so they’re getting hammered right now. New York looks at one driver’s experience with the bubble-and-bust of recent years, with the halcyon days of bankers tossing him $40 for a $2....

Bush to Host Economic Summit

World meeting to be held 'in the near future'

(Newser) - President Bush will soon announce his plan to host a global summit on the financial crisis, MSNBC reports, to be held in the near future. “The president wants participation and ideas from both developed and developing nations,” one official said on condition of anonymity. Bush will meet with...

Pakistan Seeks Cash Amid Financial Crunch

(Newser) - Pakistan's new leaders are scrambling for foreign cash to ward off a possible economic meltdown at a time when they are trying to contain soaring violence by Islamic fundamentalists, the AP reports. Battered by high inflation and a plunging currency, the nuclear-armed country hopes global powers and financial institutions will...

The Day After, McCain Still Savors His Cup of Joe

Back on trail after debate, Republican still has Obama-baiting plumber on lips

(Newser) - Joe the Plumber remained a fixture of John McCain’s campaign today on the heels of his prominence in last night’s debate, the Chicago Tribune reports. “Joe's the man,” the Republican said at a rally. “He won and small businesses won across America. The American people...

Avon Looks to Ailing Economy for Growth

(Newser) - Avon's cosmetic-toting army is growing as troubled economic times make door-knocking more attractive to women struggling to make ends meet, reports the Wall Street Journal.  Incentives including price cuts, gas vouchers, and advice from celebrity financier Suze Orman, helped attract 5% more sales reps in the second quarter of...

Poll: Americans Want More Regulation

70% say lack of oversight caused economic woes

(Newser) - What caused the financial and housing crises? Three-quarters of Americans think a lack of federal regulation played at least some role in current economic woes, and 90% characterize the economy as doing badly, according to a Los Angeles Times/Bloomberg poll. When asked about the most crucial financial focus for the...

McCain Paints Ugly Picture, Touts His Experience as Fix

GOP candidate compares Obama to Herbert Hoover on economy

(Newser) - John McCain painted a dismal picture of the economy today at a rally in Virginia, comparing Barack Obama’s solutions to Herbert Hoover’s while declaring himself the right candidate to fix the mess, the Virginian-Pilot reports. McCain also raised the specter of his flailing campaign in an effort to...

Mac's Last Big Push Must Be on Economy: Strategists

'Drastic action' needed, GOP insiders say

(Newser) - Republican strategists say John McCain won’t be able to get back on his feet without addressing the economy, Politico reports. While some want further emphasis on Barack Obama’s associations, there’s broad agreement the economy is what’s ailing McCain. “It's hard to imagine the voters thinking...

Poll: Obama 53%, McCain 43%

McCain too busy with attack ads; losing support among base

(Newser) - Barack Obama continues to rise in the polls just as John McCain falls, with the latest numbers giving the Democrat a 10-point lead over his opponent, reports the Washington Post. Voters also gave Obama a clear lead on taxes and leadership for the first time in the election. McCain, meanwhile,...

Global Markets Rally After Rescue Talks

Banks gain big in European trading

(Newser) - Asian and European markets were up today following announcements by global leaders of wide-ranging economic rescue packages. France's Cac 40 index and London's FTSE 100 index both bounced more than 5%, with banking shares posting some of the biggest gains, the BBC reports. Australia's main index jumped 5.6% and...

Bush Already Rejiggering $700B Bailout

Initial reluctance to buy stock may have hurt rescue

(Newser) - The White House is abruptly overhauling plans for the $700 billion bailout package it pushed through Congress just two week ago—raising fears that valuable time was lost on a plan not carefully considered, reports the New York Times. Instead of using funds to buy up troubled securities as initially...

Bush: Recovery Will Take Time

But don't worry, we have acted and will continue to act

(Newser) - The government's financial rescue plan is aggressive enough and big enough to work, President Bush said today, but it will take time to fully kick in. "Anxiety can feed anxiety and that can make it hard to see all that's being done to solve the problem," Bush said...

Stocks Plunge 600, Rebound
 Stocks Plunge 600, Rebound 
MARKETS
Oct 10, 2008 8:53 AM CDT

Stocks Plunge 600, Rebound

Panic grips the street

(Newser) - Stocks continued their rocky ride this morning, plunging more than 600 points after the opening bell before rebounding, reports the Wall Street Journal. The Dow, in what the Journal calls a “slow-motion crash,” was down about 250 points after the first hour. The Nasdaq and S&P followed...

'Rednecks' Endorse Obama
 'Rednecks' Endorse Obama 
Oct 9, 2008 6:27 PM CDT

'Rednecks' Endorse Obama

Two seniors look to bridge a cultural gap

(Newser) - Two self-described "rednecks" from the South are on a mission to help elect the nation's first black president. AFP looks at the efforts of the Missouri senior citizens who are defying stereotype with their tounge-in-cheek “Rednecks for Obama” campaign. Their banner drew big crowds at last week's debate,...

McCain Talks Economy as Women Break for Obama

Housing seen as way to win over white moms

(Newser) - John McCain is shifting focus to the economy in a bid to win over white women who are rapidly flocking to Barack Obama. Any bump McCain saw with female voters after selecting running mate Sarah Palin has utterly evaporated, the Boston Globe reports. Polls show Obama leading by 17% among...

Disaster Ahead for McCain, Obama, and Us
Disaster Ahead for McCain, Obama, and Us
OPINION
Oct 9, 2008 10:07 AM CDT

Disaster Ahead for McCain, Obama, and Us

Economic crisis will ruin political, financial fortunes alike

(Newser) - Disaster’s dead ahead for John McCain, for Barack Obama, and for the rest of us, too, writes Rosa Brooks in the Los Angeles Times. McCain is “a dead man walking,” as he’ll soon find out. The "winner" will be a President Obama with no idea...

Hey, GOP: Let's Emulate Obama's Cool
Hey, GOP:
Let's Emulate Obama's Cool
OPINION
Oct 9, 2008 7:57 AM CDT

Hey, GOP: Let's Emulate Obama's Cool

Attack ads worked in 2004. That's not where we're at: Frum

(Newser) - David Frum plans to vote for John McCain, but with the economy in ruin, anyone who thinks the GOP can win “by banging on about William Ayers and Jeremiah Wright is...to put it mildly...severely under-estimating the electoral importance of pocketbook issues.” These desperate attacks “are...

Yes, It's Bad, But the Depression It Ain't

Economist sees differences and remains optimistic

(Newser) - The economic news out of Wall Street and Washington is scary and shocking, but there's no reason to use the "D" word anytime soon, Jay Hancock writes in the Baltimore Sun. He talks with economic historian and professor Louis Galambos, who remains guardedly optimistic about the "core of...

Stories 601 - 620 | << Prev   Next >>
Most Read on Newser