EconWatch.com: July 2009 Archives

EconWatch.com > July 31, 2009

Disney's earnings signal good news for the economy

[DailyFinance] Disney's theme park revenue fell only nine percent to $2.75 billion in the quarter. Disney could not cut costs enough to keep operating profit in the unit at a reasonable level so it fell by 19 percent to $521 million.

Gateway Pundit: Minus 12... As Economy Crumbles So Does Dear ...

[Gateway Pundit] Americans reject the radical in the White House... Obama's approval numbers have dropped 42 points since January.

Posted at 02:33 PM

July 31, 2009

Disney's earnings signal good news for the economy

Posted at 02:34 PM

Gateway Pundit: Minus 12... As Economy Crumbles So Does Dear ...

[Gateway Pundit] Americans reject the radical in the White House... Obama's approval numbers have dropped 42 points since January.

Posted at 02:33 PM

July 29, 2009

GINA COBB: Flashback: "Bush's Economy: Unemployment Soars" to 6.4%

[GINA COBB] The poor economy and swelling unemployment could pose problems for President Bush next year in his re-election bid. But tax cuts recently passed by the Republican-controlled Congress are starting to take effect and will bolster job prospects, the administration has argued.

Posted at 07:06 PM

The “Obama Economy” | QandO

[QandO] But that 15-point negative reading was the least negative of any NPR poll in more than year. The portion saying “wrong track”

Posted at 07:04 PM

July 28, 2009

Lawrance G. Lux: The New Economy

[Lawrance G. Lux] 1) The $400 Billion in Baby Boomer Savings: There will be practically no real Savings to the Generation as a Whole, as Unemployment rates of Boomers will chew up a lot of assets. The Net Effect of Boomer Retirement will that the Boomer Generation will still be unprepared for Retirement.

Posted at 07:06 PM

Mish's Global Economic Trend Analysis: Incredible Shrinking Boomer ...

[Mish's Global Economic Trend Analysis] Calling Mercedes the "the quintessential boomer brand", BusinessWeek estimates that Mercedes will sell a third fewer cars in America. The article also notes efforts by companies like Nordstrom (JWN), Starwood Hotels &

Posted at 07:05 PM

July 25, 2009

P2P Foundation » Blog Archive » The Solidarity Economy and the ...

[P2P Foundation] We currently run the Ning only in German (expect the materials from the workshop on Solidarity Economy in Graz). If an English version should be implemented is open to discussion.

Posted at 05:04 PM

Top official at Fed says U.S. economy will crash if central bank ...

[War On You: Breaking Alternative News] At the hearing on July 9 before the House Financial Services Subcommittee, Donald Kohn, the vice chairman of the Federal Reserve, told Congress that any interference in the affairs of bankers would “negatively affect markets.”

Posted at 05:03 PM

July 24, 2009

The Economy and the News Cycle, Arnold Kling | EconLog | Library ...

[EconLog: Library of Economics and Liberty] Meanwhile, the economic cycle has not gotten shorter, so it still takes several quarters for the economy to change direction. In fact, if anything, it could be that as far as unemployment is concerned, the economic cycle has gotten longer: as our labor force becomes more heterogeneous, it takes even more time to redeploy people out of declining businesses and into expanding ones.

Posted at 02:36 PM

BBC - Stephanomics: The shrinking economy

[BBC Blog Network] The blog of Stephanie Flanders, the BBC's economics editor.

Posted at 02:34 PM

July 22, 2009

Serbia's economy to shrink by at up to 5 percent, financial ...

[Breaking News] NEW DELHI - The Indian economy will grow by 7 percent this fiscal even as recent projections by global agencies like the International Monetary Fund (IMF) say that advanced countries' economies would shrink by 2 percent, Minister for External Affairs Pranab Mukherjee said here Thursday. 'I am proud to say that in 2008-09 India will still grow by 7 percent,' said Mukherjee while addressing the 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Posted at 07:05 PM

Gateway Pundit: President Disaster: "We Rescued the Economy"

[Gateway Pundit] In an evening news conference, Obama is expected to outline the case for healthcare reform as well as provide an update on what has been accomplished since he took office in January.

Posted at 07:04 PM

July 21, 2009

Salisbury News: The Obama Economy Is Great”¦For Washington D.C.

[Salisbury News] Last week, Michigan’s Bureau of Labor Market Information announced that their state’s unemployment rate spiked in June, hitting 15.2%, the highest rate since mid-1983. Five other states, Rhode Island (12.4%), Oregon (12.2%), South Carolina (12.1%), Nevada (12%), and California (11.6%) all have either matched or surpassed their all time unemployment highs.

Posted at 07:09 PM

Guru Strategy: Gary Shilling says the economy needs another ...

[DailyFinance] My particular favorite was Kudlow himself, while interviewing Shilling, and Schilling explaining that it is not unusual to have a month or two of GDP growth during a recession. Kudlow, in his "the glass is not half full, it is brimming..." mentality during the glass actually falling off the table and shattering in a million pieces, loudly announcing "...here is A.

Posted at 07:08 PM

July 18, 2009

Peter Schiff on Fixing the Economy « LewRockwell.com Blog

[LewRockwell.com Blog] Peter Schiff on Fixing the Economy. Posted by Lew Rockwell on July 18, 2009 07:18 AM. (Thanks to Travis). Reddit • Digg this • Stumble It • Shout It • Add to Mixx • Discuss on Newsvine · « Previous: Why was this case in federal court? ...

Posted at 05:05 PM

Hot Air » Blog Archive » President boldly vows: My economy ...

[Hot Air » Top Picks] President boldly vows: My economy-wrecking health care bill will pass this year.

Posted at 05:04 PM

July 17, 2009

Budget Chief: Health Care Reform Will Weaken Economy -- Politics Daily

[Politics Daily] In a devastating blow to the Administration's efforts to pass health care reform, the Director of the Congressional Budget Office testified yesterday.

Posted at 02:35 PM

Pyramid Economy | The Daily Show | Comedy Central

[Daily Show Videos] Goldman Sachs makes $3.4 billion in three months. Sonia Sotomayor coasts through her confirmation hearings despite Lindsey Graham's interrogation.

Posted at 02:34 PM

July 15, 2009

Gateway Pundit: Finally... Obama Takes Responsibility For Economy

[Gateway Pundit] “It's a job I gladly accept,” he said to applause. “I love these folks who helped get us in this mess.

Posted at 07:06 PM

Obama takes control of US economy : Ghana Business News

[Ghana Business News] In his weekly radio and Internet address Saturday and in a newspaper opinion piece, Obama argued that the stimulus program was designed as a two-year plan and that it had already halted the economic free fall. It hasn’t helped Obama, however, that the jobless rate now stands at 9.5 percent, even though his economic team initially predicted that the stimulus would prevent unemployment from going higher than 8 percent.

Posted at 07:04 PM

July 14, 2009

Indian economy recovering, deficit inevitable: Mukherjee (Roundup)

[Breaking News] NEW DELHI - Union Finance Minister Pranab Mukherjee on Monday said that the fiscal deficit as a percentage of GDP is projected at 6.8 per cent as compared to 2.5 per cent of the Budget Estimates (BE) for 2008-09 and 6.2 per cent as per the provisional accounts of 2008-09. Presenting the General Budget for 2009-10 in Lok Sabha on Monday, Mukherjee assured that government would address the issue properly to come back to the path of fiscal consolidation, as this level of deficit was a matter of concern.

Posted at 07:05 PM

The Can-Kicking Economy

[The Daily Reckoning] Meredith Whitney, “The Woman Who Called Wall Street’s Meltdown,” according to the Fortune Magazine cover of August 18, 2008, upgraded the shares of Goldman Sachs to a “Buy,” and predicted the stock would rise 30% from current levels. “Goldman has all the benefits of the capital markets in general,” said Whitney, “Without the ”˜junk in the trunk’ as I like to call it.” Goldman shares jumped 5.3%.

Posted at 07:04 PM

July 11, 2009

Sweet & sour: Economists upbeat on economy; consumers, less so

[DailyFinance] Economists surveyed this month by Bloomberg News now expect the U.S. economy to expand faster than previously forecast, for both the second half of 2009 and in 2010. Economists surveyed anticipate 1.5 percent GDP growth in the second .

Posted at 05:07 PM

The American Spectator : The Night and Day Economy

[The American Spectator and AmSpecBlog] Of course, the next argument Marcel come back with is the banks made these loans and now they're getting "free" money from TARP and how they aren't helping these idiots stay in their homes...I can't defend TARP, I think it was one big cluster f&%^ and the banks that made these idiot loans should have been allowed to go scrap heap of history; however, it isn't free money.

Posted at 05:06 PM

July 10, 2009

Pope Benedict on the Global Economy - Jim Wallis - God's Politics Blog

[God's Politics Blog] As the G8 Summit begins in Italy, Pope Benedict XVI has released a new encyclical on the global economy. Despite the sometimes dense philosophical and theological language, his message is clear: The economy must be guided by the criteria of justice and the common good. It is a comprehensive document, and while I haven’t yet read the entire encyclical, from news reports and a quick skim, a number of important things stand out.

Posted at 02:35 PM

The Shotgun: Free enterprise used to stimulate the Alberta economy ...

[The Shotgun] “If Ed Stelmach had not torn up written contracts and damaged our international reputation as a fair and stable place to invest, we wouldn’t need federal government help to create jobs,” said Dyrholm, referring to the NRF which changed pre-existing royalty agreements in the oil and gas industry, bringing drilling activity in the province to a stand still despite oil trading between $60 - $70 a barrel.

Posted at 02:34 PM

July 08, 2009

Socialstructing: Bringing Social Back into Our Economy and ...

[Boing Boing] This economy was deeply rooted in the myriad relationships people like my mother used to acquire goods, services, information, education, and many other things. They did not do this consciously--no one was teaching them how to grow their network or increase their following the way many social marketers are eager to teach us today, they just did this to survive.

Posted at 07:05 PM

Pajamas Media » Why Does Barack Obama Hate Our Economy?

[Pajamas Media] Can you say GM, Chrysler, Morgage co’s and Banks ect…ect..Implementing a Gov run healthcare system payed for by companies with private Healthcare plans with huge tax penalties and draconian beurocracy that forces these large and small business’s to drop said private plans , thus forcing more citizens on the Gov health care plan that now is complety in control of literally your life.Next get a large group of radical organizers..oh let’s say ACORN..who Obama once worked for ,give them hundreds of millions of our tax dollars then behind closed doors put them in charge of the next census.You know that pesky thing that then is used to draw up political districts according to RACE,Socio economics ect.No chance of massive fraud there? NOOO not ACORN.Then with the Dems and The Big “O”

Posted at 07:04 PM

July 07, 2009

Crude oil becomes economy's friend

[DailyFinance] Nonetheless, if crude keeps falling, it is a boon for the recovery. Because consumer spending is the primary engine of U.S. gross domestic product, lower gas prices are a critical component of the .

Posted at 07:08 PM

War and Peace, an Ailing Economy and Michael Jackson - The Caucus ...

[The Caucus] Obama said. “Michael Jackson, like Elvis, like Sinatra, when somebody who’s captivated the imagination of the country for that long passes away, people pay attention and I assume at some point people will start focusing again on things like nuclear weapons.”

Posted at 07:04 PM

July 04, 2009

Zambia's economy still unstable | LusakaTimes.com

[LusakaTimes.com] We do not need to be reminded about Zambia’s economy being unstable as it has been like that for a long time.I have been told by those who were old enough around 1964 and just after Zambia got her independence that one Kwacha was equal to one Pound.Since then,the Kwacha has been depreciating.We should not live in the past but we should learn from the past. Our leaders and planners need to go back in time,review what has caused this instability and maybe just maybe we can begin to make a visible,positive difference.

Posted at 05:06 PM

Zimbabwe's economy shows signs of life : The Zimbabwe Times

[The Zimbabwe Times] THE moribund Zimbabwean economy, in particular its battered stock exchange, is showing signs of life. And though Prime Minister Morgan Tsvangirai’s foreign trip –

Posted at 05:03 PM

July 03, 2009

2008 Pontiac G8 GT: Fuel Economy Update | Long-Term Road Tests ...

[The Driving Woman] You may have noticed that the 2008 Pontiac G8 GT was absent from this week's monthly fuel economy summary. There's no sinister hidden meaning here.

Posted at 02:37 PM

Peter Martin: Where's the economy headed?

[Peter Martin] Where's the economy headed? Find out in The Age tomorrow. Posted by Peter Martin at 7/03/2009. 0 comments: Post a Comment · Older Post Home. Subscribe to: Post Comments (Atom). Peter Martin. Peter Martin is the economics correspondent ...

Posted at 02:35 PM

EconWatch.com > July 31, 2009

Disney's earnings signal good news for the economy

Gateway Pundit: Minus 12... As Economy Crumbles So Does Dear ...

July 31, 2009

Disney's earnings signal good news for the economy

Gateway Pundit: Minus 12... As Economy Crumbles So Does Dear ...

July 29, 2009

GINA COBB: Flashback: "Bush's Economy: Unemployment Soars" to 6.4%

The “Obama Economy” | QandO

July 28, 2009

Lawrance G. Lux: The New Economy

Mish's Global Economic Trend Analysis: Incredible Shrinking Boomer ...

July 25, 2009

P2P Foundation » Blog Archive » The Solidarity Economy and the ...

Top official at Fed says U.S. economy will crash if central bank ...

July 24, 2009

The Economy and the News Cycle, Arnold Kling | EconLog | Library ...

BBC - Stephanomics: The shrinking economy

July 22, 2009

Serbia's economy to shrink by at up to 5 percent, financial ...

Gateway Pundit: President Disaster: "We Rescued the Economy"

July 21, 2009

Salisbury News: The Obama Economy Is Great”¦For Washington D.C.

Guru Strategy: Gary Shilling says the economy needs another ...

July 18, 2009

Peter Schiff on Fixing the Economy « LewRockwell.com Blog

Hot Air » Blog Archive » President boldly vows: My economy ...

July 17, 2009

Budget Chief: Health Care Reform Will Weaken Economy -- Politics Daily

Pyramid Economy | The Daily Show | Comedy Central

July 15, 2009

Gateway Pundit: Finally... Obama Takes Responsibility For Economy

Obama takes control of US economy : Ghana Business News

July 14, 2009

Indian economy recovering, deficit inevitable: Mukherjee (Roundup)

The Can-Kicking Economy

July 11, 2009

Sweet & sour: Economists upbeat on economy; consumers, less so

The American Spectator : The Night and Day Economy

July 10, 2009

Pope Benedict on the Global Economy - Jim Wallis - God's Politics Blog

The Shotgun: Free enterprise used to stimulate the Alberta economy ...

July 08, 2009

Socialstructing: Bringing Social Back into Our Economy and ...

Pajamas Media » Why Does Barack Obama Hate Our Economy?

July 07, 2009

Crude oil becomes economy's friend

War and Peace, an Ailing Economy and Michael Jackson - The Caucus ...

July 04, 2009

Zambia's economy still unstable | LusakaTimes.com

Zimbabwe's economy shows signs of life : The Zimbabwe Times

July 03, 2009

2008 Pontiac G8 GT: Fuel Economy Update | Long-Term Road Tests ...

Peter Martin: Where's the economy headed?

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The “Obama Economy” | QandO