EconWatch.com

September 03, 2010

Obama to Focus Again on the Economy - NYTimes.com

[The Caucus] He will deliver a speech on the economy in Cleveland on Wednesday, and will hold the news conference on Friday. It will be his first White House news conference since late May, when he addressed the BP oil spill.

Posted at 02:36 PM

European Central Bank Optimistic About Economy - NYTimes.com

[DealBook] His remarks came hours after the central bank of Sweden, which is not a member of the euro zone, raised its benchmark interest rate. The action, taken to head off inflation as the country’s economy surges, highlighted the diverging growth rates in Europe.

Posted at 02:35 PM

September 01, 2010

David Rosenberg: Here's 5 Signs That The Economy Began The Double ...

[Business Insider] If you have any doubts, have a look at the current issue of the magazine, International Economy, a slick mag endorsed by former Federal Reserve chairmen Paul Volcker and Alan Greenspan, by Jean-Claude Trichet, president of the European Central Bank, by former Secretary of State George Shultz, and by the New York Times and Washington Post, both of which declare the magazine to be “ahead of the curve.”

Posted at 07:13 PM

How the Stock Market and Economy Really Work - Kel Kelly - Mises Daily

[Mises Institute Daily Articles (Full-text version)] Kel Kelly has spent over 13 years as a Wall Street trader, a corporate finance analyst, and a research director for a Fortune 500 management consulting firm. Results of his financial analyses have been presented on CNBC Europe, and the online editions of CNN, Forbes, BusinessWeek, and the Wall Street Journal.

Posted at 07:06 PM

August 31, 2010

Obama-Economy | Jamie Dupree's Washington Insider

[Jamie Dupree's Washington Insider] [...] Obama-EconomyAtlanta Journal Constitution (blog)One staffer for a GOP Senator told me that they had heard a lot of complaints from small business groups back home about the lack of action on this small …Obama: GOP should let small business bill throughBoston Herald"Can You Guys Still Hear Us?": President Obama Talks Economy Amidst Technical …ABC News (blog) [...]

Posted at 07:07 PM

Wealthy lawmakers increased their riches as economy sputtered in ...

[Top News] Herb Kohl (D-Wis.) is certainly one of the wealthiest lawmakers on Capitol Hill. As owner of the NBA’s Milwaukee Bucks, Kohl has a $254 million asset on his hands, according to Forbes magazine.

Posted at 07:05 PM

August 28, 2010

President Obama, Mayor Bloomberg Talking Economy On The Links ...

[The Daily Politics] Update 2: "The President and Mayor Bloomberg took the opportunity to discuss plans for short- and long-term economic growth at a pivotal point in our recovery," said White house spokesman Reid Cherlin. Potus invited the Mayor about a week ago.

Posted at 05:06 PM

U.S. Births Decline; Economy to Blame?

[WebMD Health] 27, 2010 -- The number of babies born in the United States declined an estimated 2.6% in 2009 compared to the previous year, the CDC says. And it may be the result of the downturn in the economy.

Posted at 05:05 PM

August 27, 2010

Commentary » Blog Archive » Obama's Economy

[Commentary] The Dow Jones Industrial Average stumbled back below 10000 on Thursday, an unwelcome milestone as worries about the U.S. economy increase. The blue-chip index erased early gains to finish down 74.25 points, or 0.74%, at 9985.81.

Posted at 02:37 PM

China Economy Hotel Chain Home Inns Sees Brisk Expansion - Russell ...

[China Wealth] Homes Inns, an economy-hotel chain that's been a big beneficiary of China's travel industry boom, expects to keep up its rapid expansion in the next few years, CEO David Sun told reporters. Since 2004, the Shanghai-based company has increased the number of hotels in its chain from 20 to 700.

Posted at 02:36 PM

August 25, 2010

Fixing the economy would break the law, thanks to Harriet Harman ...

[News] The major proponents of this theory are taxpayer-funded bodies like the Equality and Human Rights Commission, which needs to justify its £53m annual cost to their taxpayer by sniffing out inequality. Incidentally the EHRC employs a disproportionately low level of whites, men and Christians compared to the general population, so by abolishing it the Government would be discriminating against women and minorities.

Posted at 07:07 PM

CBO finds stimulus boosted economy - The Hill's On The Money

[News] The report gives a small boost to President Obama and Democrats, who pushed the stimulus through Congress with minimal support from Republicans in February 2009. The White House and Democratic leaders have argued that the stimulus was necessary to prevent the economy from slumping into an even deeper recession and possibly a depression after the financial crisis.

Posted at 07:05 PM

August 24, 2010

Beijing's 9 Day Traffic Jam Creates Mini-Economy - PSFK

[PSFK] With a population of over 1.3 billion, China’s urban areas are no stranger to traffic congestion. The latest jam on the Beijing-Tibet expressway has reached epic proportions, stretching one-hundred kilometres. Expected to last around nine days, the slow-moving traffic is a result of road maintenance and an increase in cargo-carrying trucks. Roadside merchants have set up shop along the expressway to meet the needs of frustrated drivers, offering water and food products far-above market price.

Posted at 07:09 PM

Economy Heading for a Systemic Collapse into Hyperinflationary ...

[LewRockwell.com] The Energy Report: A few months back, John, you said, "if you strangle liquidity you always contract an economy and deliberately or not, liquidity is being strangled, resulting in sharp declines in consumer credit, commercial and industrial loans." Does this mean it would spur more economic growth if banks actually started lending?

Posted at 07:08 PM

August 21, 2010

RealClearPolitics - HorseRaceBlog - Is the Economy Obama's Only ...

[RealClearPolitics - Homepage] Klein then goes on to compare President Obama's current standing in the Gallup poll to Presidents Carter, Clinton, and Reagan - arguing that, in fact, Obama is in a slightly better position. Klein chose this trio because they are "the last three presidents who entered office amid a recession and didn't have a country-unifying terrorist attack in their first year."

Posted at 05:07 PM