EconWatch.com > February 28, 2009
The Daily Dish | By Andrew Sullivan (February 27, 2009) - $8 To ...
[The Daily Dish | By Andrew Sullivan] In my view, fixing the banking sector is more important than getting the stimulus right. So if you can afford to lose the money, go to a large bank (more likely to be insolvent), find their most overpriced service, and buy as much of it as you can.
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t r u t h o u t | Economy Shrinks at Fastest Pace in 26 Years
[Truthout - All Articles] Washington - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.
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Posted at 05:03 PM
February 28, 2009
The Daily Dish | By Andrew Sullivan (February 27, 2009) - $8 To ...
[The Daily Dish | By Andrew Sullivan] In my view, fixing the banking sector is more important than getting the stimulus right. So if you can afford to lose the money, go to a large bank (more likely to be insolvent), find their most overpriced service, and buy as much of it as you can.
Read related posts for „The Daily Dish | By Andrew Sullivan (February 27, 2009) - $8 To ...“.
Posted at 05:04 PM
t r u t h o u t | Economy Shrinks at Fastest Pace in 26 Years
[Truthout - All Articles] Washington - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.
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Posted at 05:03 PM
February 27, 2009
The Daily Dish | By Andrew Sullivan (February 26, 2009) - Update ...
[The Daily Dish | By Andrew Sullivan] Update: The Economy Still Sucks. Today's numbers are not so good. Peter Boockvaar captures the mood: ...there is absolutely nothing within today’s data to hang one’s hat on as the deterioration continues and the dark tunnel sees no end. ...
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Posted at 02:42 PM
Sweden's economy suffers historic drop - The Local
[The Local - Sweden's news in English] Updated from 2007Sweden’s best-known exports for many people include Ikea furniture and the music of Abba. But in American sporting circles there’s no doubt what comes top of the list: Swedish...
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Posted at 02:37 PM
February 25, 2009
Dollar Tree Shows Trade-Down Economy Peaking Too (DLTR) - 247 Wall ...
[247 Wall Street] Everyone keeps looking for the trade-down economy stock plays. These had been great winners in 2008, but some have sold off with the broad market of late. This morning’s earning report from Dollar Tree Inc. (NASDAQ: DLTR) posted a solid earnings report, but it also shows how even the trade-down economy is getting hit.
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Posted at 07:05 PM
What Direction Is Obama Taking the Economy? - Grace-Marie Turner ...
[The Corner] toward one in which the government plays the central role. It is no wonder that the stock market has lost half its value in just a few months and continues to plummet today.
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Posted at 07:04 PM
February 24, 2009
Industry experts reveal economy concern // News
[GamesIndustry.biz - News] The GamesIndustry.biz Network 2009 Survey of industry members has revealed that there is a real concern within the videogames business about the current state of the economy - and most people expect it to get worse.
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Posted at 07:07 PM
Federal Reserve Chairman Ben Bernanke says economy suffering ...
[Business - cleveland.com] Those and other bold steps -- including a soon-to-be-operational Fed program to boost the availability of consumer loans -- for autos, education, credit cards and other things -- should over time provide relief and promote an economic recovery, Bernanke said. That program is "about to open," he told lawmakers, without providing an exact date.
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Posted at 07:07 PM
February 21, 2009
Economic Fascism and the Bailout Economy - Gary North - Mises ...
[Mises Institute Daily Articles (Full-text version)] The success of the Ludwig von Mises Institute in getting Austrian School economics in front of hundreds of thousands of young people, all over the world, who would never have heard about Mises or Rothbard had it not been for the World Wide Web, indicates that the foundations of the modern fascist economy are being undermined where it counts, which is in the minds of bright people who are no longer buying into the system.
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Posted at 05:03 PM
Economy’s lull means layoffs at HNTB - Kansas City Star
[Kansas City Star: Business] “HNTB remains a financially strong, employee-owned firm that is responding to the downturn in the market by attempting to strengthen our ability to meet client needs and provide them with continued excellent service at a time when many of them are adversely affected by current economic dynamics,” the company’s statement read.
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Posted at 05:02 PM
February 20, 2009
Charlie Rose: A discussion about the economy | The Big Picture
[Comments for The Big Picture] Mark Zandi, Nina Easton, Nouriel Roubini and Fred Mishkin Wednesday, February 18, 2009.
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Posted at 02:35 PM
The state of the Azerothian economy - WoW Insider
[WoW Insider] I'd imagine Blizzard is keeping a pretty close eye on just how our gold moves around, and that "steadily increase" is what they'd want all of our money to do, just to keep the game's economy moving around.
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Posted at 02:34 PM
February 18, 2009
The New Political Economy of Immigration | Immigration | AlterNet
[AlterNet.org] The millions of undocumented immigrants -- those who crossed the border illegally or overstayed their visas -- who were living and working in the United States were no longer simply regarded as a shadow population or as surplus cheap labor. In the public and policy debate, immigrants were increasingly defined as threats to the nation's security.
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Posted at 07:06 PM
Comrade Greenspan: Seize the economy’s commanding heights! - Paul ...
[Paul Krugman] It is pretty telling that Lindsey Graham, the economic adviser to McCain, and Greenspan, a renowned financial bubble artist, both conservatives and extreme partisans of fanatically free market logic, have come in favor of nationalizations of banks. It is even more telling that they have done so while Summers, the ex-Treasury Secretary of Clinton, and his ex-aide Geithner, have declared they were against nationalizations.
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Posted at 07:05 PM
February 17, 2009
Microsoft Admits Poor Economy Will Hurt Revenues | Edge Online
[Edge Online - Interactive Entertainment Today] Ballmer was speaking at the Mobile World Congress trade show in Barcelona, where Microsoft's focus has so far been on new applications and services for Windows Mobile.
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Posted at 07:06 PM
On Japan's Economy: Some Old Scribbles Show What Massive Fraud Has ...
[The Washington Note] But as I think about how the US is responding -- and how we are building national champion firms and cloaking our national policy decisions in the cloak of culture past and culture yet to come, we are sounding a lot like the Japanese were when they were trying to remain insulated from outside pressures.
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Posted at 07:04 PM
February 14, 2009
Stories From an Economy That Needs Help - The Caucus Blog ...
[The Caucus] The republicans think that American forgot that they gave the fat cats trillions of dollars with their trick el down economics, before they gave the another trillion and a third in bail out under Bush and they think they can cry for more tax cuts for the fat cats so they can pocket even more cash. The reality for Wally Street should be for all Executives, if you did not start the company or invent the company and if it is a public company YOU ARE NOT A PRINCE YOU ARE AN EMPLOYEE.
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Posted at 05:05 PM
Global Economy Matters: Staring into the Abyss
[Global Economy Matters] well because, absent a solid growth in exports, Japanese companies have to rely on the domestic market for growth (at least to some extent) and this is quite literally impossible with Japan's demographic profile.
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Posted at 05:04 PM
February 13, 2009
Games Industry Grows Despite Poor Economy | Edge Online
[Edge Online - Interactive Entertainment Today] NPD analyst Anita Frazier stated, "Even in these tough economic times, the fact that total sales were able to realize a 13 percent increase in revenue (compared to January '07) speaks to the continued strength of video games as one of the leading entertainment industries in the U.S."
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Posted at 02:36 PM
News Hounds: News Shows Discuss The Economy Without Economists
[News Hounds] Reported by Ellen - February 13, 2009 -. From Media Matters: In the hour following President Obama's February 9 press conference -- during which he gave a brief address about the .
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Posted at 02:34 PM
February 11, 2009
NCAA: Economy Won't Affect Pairings - NCAA Basketball FanHouse
[NCAA Basketball FanHouse] Outside of the BCS bowls, any reduction of costs is substantial enough of a win for a team to validate staying close to home, not to mention an increase in ticket sales. But for college basketball, where the postseason actually matters, any sort of regional favoritism would be highly detrimental to the basic setup of the postseason itself.
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Posted at 07:06 PM
Wonkette : Everyone Loves A Wartime Economy!
[Wonkette] Ah, The Politico covering one reporter covering Jeb Bush — reading this lonely Republican circle-jerk of failure, I think I know how a rich Baptist must feel when he passes a homeless shelter.
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Posted at 07:05 PM
February 10, 2009
Downing Street Says » Economy
[Downing Street Says] Put that Ed Balls had also alluded to the fact that the crisis could have an effect on politics and a possible rise in fascism, the PMS said that Ed Balls had not mentioned fascism at all in anything that he had said. One of the lessons we had to learn from the 1930’s was that we should not retreat into protectionism at a time like this and this was something that the Prime Minister and the Chancellor today in Brussels had been emphasising very much.
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Posted at 07:09 PM
Despite economy, Westminster show goes on - Westminster Dog Show ...
[NBCSports.com: Sports] There are 170 breeds and varieties at this 133rd edition of Westminster, with a perky Brussels griffon and a monkey-faced affenpinscher among the favorites. Best in show judge Sari Tietjen will point to her choice Tuesday night.
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Posted at 07:08 PM
February 07, 2009
Gun sales on rise as economy struggles - PennLive.com
[Impact: Politics - Pennlive.com] tags[tags.length] = "Lebanon County";blogs[blogs.length] = "3032"; titles[titles.length] = "Council president plans to run for Harrisburg mayor";cats[cats.length] = "Breaking News";
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Posted at 05:04 PM
Winter Olympics get torched by tough economy - Olympic Sports ...
[NBCSports.com: Sports] Apolo Anton Ohno, winner of five medals over the last two Olympics and hoping to close out his career in Vancouver, said speedskating is doing fine in the lead-up to the games. But because the sport doesn’t have a huge membership, or big TV revenues, funding threatens to go downhill quickly after the games.
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Posted at 05:04 PM
February 06, 2009
Economy claims Henderson's last independent bookseller - Las Vegas Sun
[Las Vegas Sun Stories: All Sun Headlines] Facing economic collapse in the new year and no cash for payroll, independent bookseller Cheesecake and Crime did what the world’s largest banks, car dealers and financial services institutions have done: The owners asked for a bailout.
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Posted at 02:35 PM
GE Chief Immelt says US economy is in worst shape since 1970's; US ...
[Finfacts Ireland Business & Finance Portal] Globalization has knit economies closer in the past two decades, bringing benefits for consumers but pressure on companies and workers in developed markets. Efforts to protect old jobs rather than create new ones would prolong the global recession, hobble productivity and raise the specter of stagflation.
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Posted at 02:34 PM
February 04, 2009
Firedoglake » The Choice: A Generation of A Lousy Economy, Or?
[Firedoglake] I suspect that the current paralysis will not change, and we will indeed face a generation of lousy economy, if that allows the Rich to continue for any length of time. Look at the Soviet Union, and how much misery their working class tolerated for how long, and we won’t be any different.
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Posted at 07:05 PM
Pew Research Center: Reality Bites: Economy Fouls Mood
[PewResearch.org | All Feeds] Michael Steele, who prevailed after six rounds of voting to become the first African-American chairman of the Republican National Committee.
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Posted at 07:04 PM
