EconWatch.com > February 29, 2008

Bush, Fed chief say US economy will improve

Star-Telegram.com Most Recent Headlineshttp://www.star-telegram.com/business/story/503044.html [Star-Telegram.com Most Recent Headlines] AAA spokesman Geoff Sundstrom's suggestion this week that $4-a-gallon gasoline is possible this summer was referenced by Peter Maer of CBS News Radio in his question at Thursday's presidential news conference.

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Dollar Continues to Sink Amid Economy Woes

FOXBusiness.comhttp://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/243328090/dollar-continues-sink-amid-economy-woes_501197_46.html [FOXBusiness.com] The euro reached $1.5229 on Thursday amid slowing economy concerns and inflation fears.

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Posted at 02:36 PM

February 29, 2008

Bush, Fed chief say US economy will improve

Star-Telegram.com Most Recent Headlineshttp://www.star-telegram.com/business/story/503044.html [Star-Telegram.com Most Recent Headlines] AAA spokesman Geoff Sundstrom's suggestion this week that $4-a-gallon gasoline is possible this summer was referenced by Peter Maer of CBS News Radio in his question at Thursday's presidential news conference.

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Posted at 02:38 PM

Dollar Continues to Sink Amid Economy Woes

FOXBusiness.comhttp://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/243328090/dollar-continues-sink-amid-economy-woes_501197_46.html [FOXBusiness.com] The euro reached $1.5229 on Thursday amid slowing economy concerns and inflation fears.

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Posted at 02:36 PM

February 27, 2008

Major new media mogul blames lousy economy on...Barack Obama and ...

Attytood[Attytood] Obama and Clintion: (1) forced banks to bundle mortgages, (2) forced investors to buy the bundles, (3) caused the low interest rates that made those investments attractive, (4) caused the low interest rates that gave many bad credit risks access to complicated debt obligations (5) caused the housing market to be overheated, (6) caused the ARMs to kick in and cause increasing numbers of foreclosures, and the subsequent cooling of the housing market (7) as a consequence of #6, caused the investors to start taking huge hits on the bundled debt obligations they invested in, (8) caused a subsequent credit crunch, (9) caused the subsequent slow down in economic growth, (10) caused the feds to lower interest rates to stimulate the economy, (11) caused inflation rates to increase as a result of lowered interest rates, a devalued dollar, and inflationary pressures caused by the devaluation of the dollar and inflationary pressures on energy resulting from the ethanol craze that was created by Republican ethanol-friendly policies and a lack of attention to other energy resources, etc., etc.,

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Posted at 07:03 PM

Government to rescue the economy [Bank’s]

Untitledhttp://leduc916.wordpress.com/2008/02/27/government-to-rescue-the-economy-banks/ [Untitled] Most crisis-hit emerging economies experienced huge recessions and a tidal wave of insolvencies. Indonesia’s gross domestic product fell more than 13 per cent between 1997 and 1998.

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Posted at 07:02 PM

February 26, 2008

Asst Sec Swagel Remarks on the US Economy

US Treasury - Press Releases - Financial Marketshttp://www.treas.gov/press/releases/hp840.htm [US Treasury - Press Releases - Financial Markets] These efforts are aimed at reducing the odds of a similar problem happening in the future. A criticism could be made that any proposed regulatory reforms, while worthwhile, amount to fixing the barn door after the horse has escaped.

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Posted at 07:03 PM

Fed's Kohn: Economy Still Bigger Worry Than Inflation

CNBC Top News and Analysishttp://www.cnbc.com/id/23353865 [CNBC Top News and Analysis] A top Federal Reserve official said Tuesday that the danger the U.S. economy will weaken further is a bigger worry than higher inflation, and the central bank has tools and is ready to do what it needs to respond to "difficult times."

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Posted at 07:02 PM

February 23, 2008

Japanese stocks lower on renewed fears about US economy

Blog Entries[Blog Entries] Overnight, shares in New York dropped sharply after bleak readings on the American economy heightened investors' fears of a recession. The Dow Jones industrial average fell more than 140 points.

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Posted at 05:04 PM

The Indian Economy Blog is looking for contributors

LinkedIn Answers: Internationalization and Localizationhttp://www.linkedin.com/answers/international/internationalization-localization/INT_INZ/177109-3292 [LinkedIn Answers: Internationalization and Localization] IEB currently has about 1,000,000+ readers per year -- visitors + Bloglines/ various RSS feeds + syndications to Lexis/ Nexis, Newstex, Newswee/ Washington Post etc.,)

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Posted at 05:02 PM

February 22, 2008

As Economy Slips, Yacht Sales Skyrocket

WallStreetFighterhttp://www.wallstreetfighter.com/2008/02/as-economy-slips-yacht-sales-skyrocket.html [WallStreetFighter] That's right, while the U.S. economy slows -- if not enters a recession -- the demand for these toys for the ultrarich has never been stronger. Several luxury shipyards have seen sales double in the last five years.

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Posted at 02:33 PM

Report: Consumers want cup holders, not fuel economy

Autoblog[Autoblog] On the plus side, General Motors is saying fuel economy is becoming more of a priority to shoppers – it points out that four years ago it wasn't even in the top ten (studies by GM list fuel economy behind styling and value).

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Posted at 02:32 PM

February 20, 2008

Breaking Down the Barriers to a Green Economy

United Nations Environment Programme (UNEP)http://www.unep.org/Documents.Multilingual/Default.asp?DocumentID=528&ArticleID=5748&l=en [United Nations Environment Programme (UNEP)] Monaco, 20 February 2008-An emerging Green Economy is glimpsed in the latest United Nations Environment Programme's (UNEP) Year Book as growing numbers of companies embrace environmental policies and investors pump hundreds of billions of dollars into cleaner and renewable energies.

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Posted at 07:06 PM

The Remaining Four Candidates on Economy

Hfamom's Webloghttp://hfamom.wordpress.com/2008/02/19/the-remaining-four-candidates-on-economy/ [Hfamom's Weblog] Former Arkansas Governor Mike Huckabee’s rise to the top tier of Republican presidential candidates is one of the major stories of this election cycle. Although his strong support among evangelical Christians is a factor in his rise, Huckabee has also benefited from the backing of a small but intense group of people favoring abolition of the federal tax system and its replacement by a 23% national retail sales tax known as the FairTax.

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Posted at 07:05 PM

February 19, 2008

Bush says the economy is bad because they built too many houses

Crooks and Liarshttp://www.crooksandliars.com/2008/02/19/bush-says-the-economy-is-bad-because-they-built-too-many-houses/ [Crooks and Liars] I think this economy is down because we built too many houses (Curry: hmmmmm) and the economy is adjusting. On the other hand we’re just about to kick out 157 billion dollars to our taxpayers……what would have been had we abandoned Iraq when times were tough and let those soldiers die in vain..

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Posted at 07:05 PM

Bananas, politics and the economy

Gadling[Gadling] During the conversation they also talked about the various types of bananas there are in the world and why they aren't sold in the U.S. Buying various types of bananas overseas is a market going pleasure. I've found that the ones not much bigger than a finger are often the sweetest.

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Posted at 07:04 PM

February 15, 2008

Greenspan: Economy on the Edge of Recession

FOXBusiness.comhttp://feeds.foxbusiness.com/~r/foxbusiness/markets/~3/235550960/greenspan-economy-edge-recession_481859_3.html [FOXBusiness.com] The former Federal Reserve chairman blamed the declining housing market as the main drag on the economy.

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Posted at 02:33 PM

Obama on the Economy

Matthew Yglesiashttp://matthewyglesias.theatlantic.com/archives/2008/02/obama_on_the_economy.php [Matthew Yglesias] The sentence taken from the context of him trying to say "All liberals think they are smarter than you, and you should resent them for it and for having good educations" isn't really a good piece of evidence to show that "everybody" was calling Obama a smart, detail-oriented policy man at first, and that somehow a bunch of pundits unfairly switched on him and started calling him an airhead after he gave more eloquent speeches.

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Posted at 02:32 PM

February 13, 2008

Invest Your Tax Rebate AND Help the Economy

Prosper Blog: Prosper, the online marketplace for people-to-people lendinghttp://blog.prosper.com/2008/02/13/invest-your-tax-rebate-and-help-the-economy/ [Prosper Blog: Prosper, the online marketplace for people-to-people lending] Investing your tax rebate on other people’s spending using Prosper loans eliminates the false choice of spend versus save. When someone asks if you are spending or saving your tax rebate, you can honestly answer “Both!”

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Posted at 07:03 PM

What to do in a down economy

Duct Tape Marketing Bloghttp://www.ducttapemarketing.com/blog/2008/02/13/what-to-do-in-a-down-economy/ [Duct Tape Marketing Blog] First, we aren’t in a down economy unless you listen to CNN, your business isn’t dependent upon the consumer confidence index, you just need a few more ideal customers, and second, you do the same thing you do in a rockin economy - target, differentiate and raise your prices - have a listen Jim has a great following.

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Posted at 07:03 PM

February 12, 2008

How’s the Economy? The Scrap Heap Indicator

SavingAdvice.com Bloghttp://www.savingadvice.com/blog/2008/02/12/102027_hows-the-economy-the-scrap-heap-indicator.html [SavingAdvice.com Blog] If the suits in Washington really want to know how our economy is doing, I’d encourage them to visit their local scrap heap on a Saturday and take in all the people bringing in metal to sell. Visit often enough, through good times and bad, and you can begin to gauge the economic health of the USA.

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Posted at 07:10 PM

The Bush economy

Nashville is Talkinghttp://www.nashvilleistalking.com/2008/02/12/the-bush-economy/ [Nashville is Talking] Jerry Horne is not happy with the penny pinch he’s feeling from the Bush economy. Did you know , if you had pulled your money out of the stock market , after January 1 , of this year , you would have more money , now , even after the .

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Posted at 07:07 PM

February 09, 2008

Public - Stimulate Economy, Leave Iraq

FreeMarketNews.com - World News/Editorials and Analysishttp://www.freemarketnews.com/WorldNews.asp?nid=54696 [FreeMarketNews.com - World News/Editorials and Analysis] The way to get the country out of recession — and most people think we’re in one — is to get the country out of Iraq, according to Associated Press-Ipsos poll. Pulling out of the war ranked first among proposed remedies in the survey, followed by spending more on domestic programs, cutting taxes and, at the bottom end, giving rebates to poor people in hopes they’ll spend the economy into recovery.

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Posted at 05:07 PM

Flying the Chinese-Made Flag to Stimulate the Economy

All Spin Zonehttp://allspinzone.com/wp/2008/02/09/flying-the-chinese-made-flag-to-stimulate-the-economy/ [All Spin Zone] That $600 individual rebate was also a lame disguise to make the people overlook the $50 billion that was being distributed in the form of tax rebates for American business, a Republican pet project. Only at the last minute””and only because the Democrats demanded it and agreed not to fight the Republicans who refused to allow heating assistance for the impoverished and extra money for the unemployed””did the final proposal include $300 for each of the 250,000 disabled veterans, and $600 for each of 20 million senior citizens who didn’t qualify.

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Posted at 05:06 PM

February 08, 2008

Expecting Economy To Derail Next Presidency

http://www.nysun.com/article/71009 [New York Sun - Business Section - Articles] The title of the Academy Awardnominated film "No Country for Old Men" would never apply to the 87-year-old investment adviser and money manger, Charles Allmon, but another nominated title appropriately sums up what he tells me he sees .

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Posted at 02:33 PM

Clinton Criticizes McCain on Economy, Iraq

The Caucushttp://thecaucus.blogs.nytimes.com/2008/02/07/clinton-criticizes-mccain-on-economy-iraq/ [The Caucus] And about that healthcare fiasco that she is now blaming Republicans for, It might surprise you to know democrats had a ruling majority in the house and senate when she failed to get it passed in the 90’s. Before Bill helped them lose the majority in the house after 40 years of their presence.

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Posted at 02:32 PM

February 06, 2008

Vote near in Senate showdown over economy

The CNN Wirehttp://cnnwire.blogs.cnn.com/2008/02/06/vote-near-in-senate-showdown-over-economy/ [The CNN Wire] NEW YORK (CNNMoney.com) — Amid growing fears that a recession is imminent, the Senate is poised for a showdown over politically contentious proposals intended to spur the economy.

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Posted at 07:04 PM

Republican, Democratic Voters: Economy Top Issue of Concern

HULIQ - Societyhttp://www.huliq.com/49661/republican-democratic-voters-economy-top-issue-concern [HULIQ - Society] A survey of "Super Tuesday" voters conducted by Edison Media Research and Mitofsky International for the Associated Press and television networks shows Democrats ranked the war in Iraq second on their list of issues of concern, with health care third.

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Posted at 07:03 PM

February 05, 2008

Service Economy

The Supreme Irony of Life...http://supremeirony.blogspot.com/2008/02/service-economy.html [The Supreme Irony of Life...] The Institute for Supply Management's non-manufacturing index, which reflects almost 90 percent of the economy, fell to 41.9, the lowest since October 2001, from 54.4 the prior month, the Tempe, Arizona-based ISM said. A reading of 50 is the dividing line between growth and contraction.

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Posted at 07:03 PM

Graphic feed: ”˜knowledge economy index’ for Middle East and North ...

GlobalHigherEdhttp://globalhighered.wordpress.com/2008/02/05/graphic-feed-knowledge-economy-index-for-middle-east-and-north-africa/ [GlobalHigherEd] Source: World Bank (2008) The Road Not Traveled: Education Reform in the Middle East and North Africa, Washington, DC: World Bank. Note: also see ”˜Producing the global knowledge economy: the World Bank and the KAM”˜.

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Posted at 07:03 PM

February 02, 2008

Slow The Economy? Chill, Bill

Digg / upcominghttp://digg.com/2008_us_elections/Slow_The_Economy_Chill_Bill [Digg / upcoming] As a touted effect of global warming melts under the glare of science, Bill Clinton says we must slow the economy to save the earth. How's that again?

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Posted at 05:04 PM

US economy - it's toast

smh.com.au Business News.[smh.com.au Business News.] US EMPLOYERS shed jobs in January to break a four-year hiring run and deliver the first indication that the economy is nearing a recession, if not already in it.

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Posted at 05:03 PM