economy

Stories 561 - 580 | << Prev   Next >>

Ex-Sen. Gramm Sticks to His Guns on Deregulation
Ex-Sen. Gramm Sticks to
His Guns on Deregulation
ANALYSIS
Nov 17, 2008 10:29 AM CST

Ex-Sen. Gramm Sticks to His Guns on Deregulation

Republican touts benefits of subprime loans, credit-default swaps as critics cry foul

(Newser) - While some experts argue his work contributed to the economic meltdown, former senator Phil Gramm stands by his efforts to deregulate the lending and financial sectors, the New York Times reports. “There is this idea afloat that if you had more regulation you would have fewer mistakes,” Gramm...

Summit Puts Off Thorniest Questions Until Next Year

(Newser) - Today's summit of world leaders may have found broad agreement on the need for bold reform of the global markets, but it left the toughest decisions to future meetings, the Wall Street Journal reports. The broad strokes include greater oversight of banks and credit-rating agencies, a review of executive pay,...

Palin's Flop Shows Gender Doesn't Sway Women Voters

It's the agenda, stupid: Goodman

(Newser) - This election showed a female candidate won’t automatically draw women’s votes if most women disagree with her on the issues, Ellen Goodman writes in the Boston Globe: “It’s not the gender … but the agenda.” With women traditionally putting economic issues—and more governmental control—...

Startups Seek Ways Around Venture Capital

Twitter, others explore other revenue streams to avoid investors' raised demands

(Newser) - While Wall Street investors have taken advantage of the tanking economy to nab low-priced stocks, Silicon Valley’s venture capitalists have likewise enjoyed a buyer’s market, demanding larger ownership stakes in startup outfits in exchange for their coveted funds. Companies like Twitter—initially funded with $22 million in venture...

In Slump, Vegas Pushes Escapism

Marketing gamble by casinos is coming back to haunt them

(Newser) - Las Vegas has enthusiastically promoted itself to travelers interested in pastimes other than gambling in recent years, but now that economic woes are tightening leisure budgets, Sin City is taking a hit, reports Advertising Age. With visitor volume and gaming revenue down, casinos are scrambling to respond. One has a...

New Deal a Good Example, But Not Perfect

Obama must have 'audacity' FDR lacked

(Newser) - With the economy on the rocks, the New Deal is a hot topic. But FDR’s master plan almost failed, Paul Krugman writes in the New York Times, because "his economic policies were too cautious." In the end, "what saved the economy, and the New Deal, was...

Hey, at Least Travel Costs Are Plunging

Airlines, cruises, hotels slash prices for those who can still afford it

(Newser) - There’s a spot of good news for travelers amid the barrage of dire economic reports: Those looking for a flight, cruise, or hotel stay may find surprisingly good deals. As financial woes keep many Americans grounded, the travel industry is forced to drop prices to fill space, the Los ...

Kennedy: Fix Health Care Now
 Kennedy: Fix Health Care Now 
OPINION
Nov 9, 2008 9:16 AM CST

Kennedy: Fix Health Care Now

Don't let economic crisis blind us to broken system

(Newser) - The economy may be gasping, but that doesn’t give us a prescription to neglect health care, Ted Kennedy writes. “We must forge ahead with this urgent priority. The system is broken,” he writes in a Washington Post op-ed. The liberal lion points to recent signs that reform...

Team Obama Weighs Priorites Amid Obstacles
Team Obama Weighs
Priorites Amid Obstacles
ANALYSIS
Nov 9, 2008 7:47 AM CST

Team Obama Weighs Priorites Amid Obstacles

Economy could put other promises on back burner

(Newser) - Between the economic crisis and a host of campaign promises, Barack Obama faces major challenges—and his team is taking time now to sort through priorities for his presidency, the New York Times reports. The president-elect's top priority is the economy, he repeated yesterday in a radio address to the...

Can Obama Be the New FDR?
 Can Obama Be the New FDR? 
OPINION
Nov 8, 2008 1:08 PM CST

Can Obama Be the New FDR?

Nation needs Roosevelt's action, inspiration

(Newser) - Barack Obama’s call yesterday to “act swiftly” to address the economic crisis clearly echoed Franklin Roosevelt’s inaugural address during the Depression: “action, and action now.” But while Obama's “crisp competence” was welcome, he wasn't particularly inspirational, and, Joe Nocera writes in the New York ...

Business Booming at Pricey Pawn Shops

LA's high-end pawn shops report record business

(Newser) - The financial crisis is squeezing its way up the economic ladder. With credit nowhere to be found, LA's high-end pawn shops are "the bank of only resort" for bigwigs who need quick cash for mortgages, plastic surgery, and even movies (that's to make one, not see one). At one...

No Quick Fix on Economy: Obama
 No Quick Fix 
 on Economy: Obama 
UPDATED
Nov 7, 2008 2:39 PM CST

No Quick Fix on Economy: Obama

US 'strong and resilient,' president-elect says at first news conference

(Newser) - Barack Obama addressed the nation today for the first time since his presidential victory, focusing his remarks on the economy, the New York Times reports. “It is not going to be quick and it’s not going to be easy for us to dig ourselves out of the hole...

Krauthammer: Not Even Reagan Could Have Won
Krauthammer: Not Even Reagan Could Have Won
OPINION
Nov 7, 2008 10:39 AM CST

Krauthammer: Not Even Reagan Could Have Won

(Newser) - It’s easy to see what killed John McCain’s presidential ambitions. McCain, ahead on Sept. 15, was crushed by falling banks, writes Charles Krauthammer in the Washington Post. There was a full-fledged panic in America, as the S&P suffered its steepest drop in 71 years. The populace naturally...

Unemployment Hits 14-Year High; Stocks Flat
 Unemployment Hits 14-Year 
 High; Stocks Flat 
MARKET Open
Nov 7, 2008 8:54 AM CST

Unemployment Hits 14-Year High; Stocks Flat

To be fair, they've already had the worst two-day stretch since 1987

(Newser) - The economy lost 240,000 jobs in October, bringing unemployment to 6.5%, its highest rate since 1994. It was the 10th-straight negative month, bringing the year’s losses to 1.2 million. But the staggering report did little to move the needle on Wall Street, as the Dow actually...

Bush, Obama Will Sit Down Monday

Transition moving quickly between president, successor

(Newser) - President George W. Bush will meet with Barack Obama early next week to discuss plans for transition, the Washington Post reports. Obama received his first intelligence briefing this morning, and key staffers have been given expedited security clearances. “We face economic challenges that will not pause to let a...

Pelosi Urges Lame-Duck Stimulus Bill

Democrats say bipartisan, White House support crucial to measure

(Newser) - Nancy Pelosi says she hopes to quickly push through a $61 billion economic stimulus package but will need the support of President Bush and the current crop of Senate Republicans, Reuters reports. Pelosi said a "lame duck session" could come as early as Nov. 16. "It depends on...

Key Indicator Points to a Long Slump
 Key Indicator Points 
 to a Long Slump 
ANALYSIS
Nov 5, 2008 11:38 AM CST

Key Indicator Points to a Long Slump

Yield curve predicts slow recovery in developed economies as credit remains tight

(Newser) - A little known—but closely followed—indicator that contrasts the differences in yield between 2- and a 10-year government securities suggests the economic downturn in the developed world is likely to hang around a lot longer, reports the Wall Street Journal. Yield curves generally are narrow when the economy is...

Credit Crisis 'Froze' Inflation: Dallas Fed Chief

Nevertheless, US is 'navigating the mother of all financial storms'

(Newser) - The credit crisis has had at least one unintended positive effect, stopping a growing threat of inflation, Bloomberg reports. Dallas Fed president Richard Fisher said “inflationary momentum froze in its tracks” as the credit market did the same, but otherwise had a poor view of the economy. “I...

Campaigns Make Florida Election-Eve Battleground

Obama reprises out-of-touch criticism of McCain, who hits back on economics

(Newser) - Both presidential candidates were on the trail today in Florida, trading jabs from opposite ends of the state, the Miami Herald reports. Barack Obama spoke about the economy in Jacksonville, in the north, the same city where John McCain said the “fundamentals of the economy are strong.” McCain...

The Bush Era: An 'American Fiasco'
 The Bush Era: 
 An 'American Fiasco' 

OPINION
Nov 3, 2008 11:38 AM CST

The Bush Era: An 'American Fiasco'

Columnist rips into the White House's 'all-time loser' on election eve

(Newser) - In the waning days of the Bush administration, Simon Schama wonders how the president is handling his role as the “all-time loser in presidential history.” “If the Statue of Liberty were alive,” Schama writes in the Guardian, “she would be weeping tears of blood” over...

Stories 561 - 580 | << Prev   Next >>