economy

Obama's Economic Plan: 2.5 Million Jobs by 2011

Iria — Sat, 22 Nov 2008 16:33:58 -0600

Saturday on the weekly Democratic radio address, Barack Obama outlined his economic plan, and how he plans to add 2.5 million jobs by 2011.

Dow Jones Drops to Lowest in 5 Years, Below 8,000

Iria — Wed, 19 Nov 2008 17:05:25 -0600

The U.S. stock market continued its steady downward slide on Wednesday, finishing at a point lower than any seen in the past 5 years.

County Level IAS360 House Price Index Data Shows Promise

ESKCSG — Tue, 11 Nov 2008 17:41:14 -0600

IAS360 House Price Index shows bright spots at the individual county level with 75 of the 360 counties showing month to month improvement in September

Obama's First Press Conference: The U.S. Has One President at a Time

Iria — Fri, 07 Nov 2008 14:59:42 -0600

Barack Obama held his first press conference as president-elect in Chicago today following a meeting with his vice president-elect Joe Biden and their top economic advisers.

Fed Rate Cut: Another 1/2 Point

Iria — Wed, 29 Oct 2008 16:01:04 -0500

Hoping to combat the ongoing financial crisis and what looks to most (though some still deny it) a recession, the Federal Reserve announced another rate cut, this one of 1/2 point. This fed rate cut brings the federal funds rate, the interest banks charge on overnight loans, to 1%, a rate last seen in 2003-2004.

More of the Same? New Ads Hit McCain on His Bush Economics

Iria — Sun, 26 Oct 2008 20:24:17 -0500

John McCain has admitted that the economy isn't his strong suit, what would be worse for America is if he continued the failed Bush economic policies. And that's just what a new DNC ads points out.

Federal Government Cries Wolf, But Matthew Lesko Knows Better

LeskoNews — Wed, 22 Oct 2008 13:00:09 -0500

WASHINGTON -- As the Federal Government doles out billions of dollars to bolster up a faltering economy, many believe the government pool of giveaways has dried up -- but government money expert, Matthew Lesko, is not convinced.

Falling House Prices in August Adds Pressure to an Already Volatile Economy

ESKCSG — Tue, 14 Oct 2008 19:09:36 -0500

IAS360 House Price Index Reports a National Decline of 0.2% for August

Exports may not rescue UK economy

harminka — Tue, 14 Oct 2008 14:01:49 -0500

Hopes that the plunging pound may boost UK exports have been questioned by new research into currency movements.

Dow Drops Below 10,000; First Time Since Oct. '04

Iria — Mon, 06 Oct 2008 11:42:25 -0500

Markets worldwide tumbled, and the Dow Jones Industrial Average (DJIA) dropped below 10,000 for the first time since 2004, as the world tried to determine if the Wall Street bailout passed last Friday will work ... or not.

US Employers Cut 159,000 Jobs, Most in 5 Years

Iria — Fri, 03 Oct 2008 09:13:27 -0500

The Labor Department's latest report on unemployment data, released Friday, showed that while the nation's unemployment rate was unchanged at 6.1%, employers reported laying off 159,000 people in September --- the highest number in 5 years.

Palin's Economics are "Totally Incoherent": Paul Krugman

Iria — Fri, 26 Sep 2008 12:09:25 -0500

Paul Krugman joined Amy Goodman on Democracy Now! on Friday morning. Naturally much of the broadcast centered around the ongoing financial crisis. For those who don't know, Krugman is professor of economics and international affairs at Princeton University and a columnist at the New York Times.