economy

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Obama, McCain Take Fight to Pages of Journal
Obama, McCain Take Fight
to Pages of Journal
OPINION
Nov 3, 2008 11:14 AM CST

Obama, McCain Take Fight to Pages of Journal

Rivals sounds familiar themes with columns in conservative newspaper

(Newser) - Barack Obama and John McCain are appearing together today on one battleground—the opinion pages of the conservative Wall Street Journal. Obama sticks almost exclusively with economics, mentioning the paper’s own reservations with McCain’s housing rescue plan. He’s also quick to remind readers in upper tax brackets...

As Deadbeats Soar, Utilities Quick to Pull Plug

As the economy worsens, electric companies get tough on delinquent bills

(Newser) - Utilities are growing increasingly aggressive about shutting off the juice even as more customers struggle to pay their bills in a sinking economy, reports the Wall Street Journal. The trend has regulators and consumer advocates worried companies have become too focused on their bottom lines, but utilities say they’re...

New Home-Sale Incentive: Free House Calls

(Newser) - Home sales being a little tricky these days, a luxury developer in the trendy Buckhead section of Atlanta has stumbled onto a unique form of incentive: free house calls from doctors. Deep-pocketed buyers who plunk down $2 million to $12.5 million to live in a new high-rise will get...

Dow Surges Despite GDP Dip
 Dow Surges Despite GDP Dip 
MARKETS
Oct 30, 2008 9:07 AM CDT

Dow Surges Despite GDP Dip

Drop isn't as bad as feared, and rate cuts abroad cheer US traders

(Newser) - Stocks jumped at the opening bell, as international rallies helped offset a shrinking US economy, the Wall Street Journal reports. Gross domestic product shrank at a seasonally adjusted 0.3% annual rate from July to September; the not-as-bad-as-feared figure sent the Dow up 201 points at the open before dipping...

American Airports: Shiny, New, and Empty

Decades-long projects completed as industry turns down

(Newser) - In the boom years of the last decade, cities across America broke ground on major airport expansions, from additional runways to new terminals. Now those projects are being completed—just as air travel has slowed and hundreds of planes are being grounded. Flights may be less congested, writes the New ...

CEO: Starbucks Perking Up
 CEO: Starbucks Perking Up 
Oct 29, 2008 6:14 PM CDT

CEO: Starbucks Perking Up

After drop in third quarter, coffee chain's sales improved in October

(Newser) - Starbucks' CEO says the company is percolating again and may have hit bottom in the quarter that ended in September, the Wall Street Journal reports. The chain again saw declining sales, says Howard Schultz, but he also noted a “slight improvement” in October. Starbucks has been shutting stores, and...

AC/DC Is No. 1? Must Be a Recession

When the band's record sales go up, the economy goes down

(Newser) - Forget complicated economic indicators—the surest sign that recession looms is that AC/DC is back on top of the charts after 28 years, writes Alexis Petridis in the Guardian. It seems that whenever the Aussie rockers have a best-selling album, at least in Britain, the economy's in the tank. See...

Gas Prices in Record Fall
 Gas Prices in Record Fall 
Oct 27, 2008 3:35 AM CDT

Gas Prices in Record Fall

Gas drops 53 cents in two weeks

(Newser) - Gasoline prices have dropped 53 cents in the last two weeks, the steepest decline ever, according to the nationwide Lundberg Survey. The national average price for a gallon of regular unleaded is $2.78, Reuters reports. Wichita, Kansas, has the cheapest gasoline, at $2.26 a gallon, and San Francisco...

Alaska Paper Picks Obama
 Alaska Paper Picks Obama 
OPINION
Oct 26, 2008 2:48 PM CDT

Alaska Paper Picks Obama

Anchorage Daily News is wary of both McCain and Palin

(Newser) - Sarah Palin has accomplished a lot and has brought unexpected recognition to Alaska, but for the presidency, Barack Obama is "a clear choice" for the Anchorage Daily News. John McCain has abandoned his maverick positions to curry conservative favor, and the demands of the White House would "stretch...

Pound Craters After Latest Grim Stats

British currency falls to $1.56 amid recession fears

(Newser) - The British economy shrank by 0.5% last quarter, all but confirming that the UK is in its first recession since 1991, reports the Times of London. The decline is greater than expected, and this week both the prime minister and the head of the Bank of England acknowledged that...

Crisis Powwow Set for Nov. 15

Nov. 15 is the date

(Newser) - World leaders will meet Nov. 15 in Washington to address the global financial crisis—the first in a series of summits to mitigate what economists predict could be a long and deep downturn, a senior Bush administration official said today. The first meeting will discuss underlying causes of the financial...

Cabbies Among First to See Ripples of Wall Street's Pain

Crashing markets mean fewer fares, smaller tips

(Newser) - New York cabbies will tell you that their jobs are indicative of overall health of the economy—so they’re getting hammered right now. New York looks at one driver’s experience with the bubble-and-bust of recent years, with the halcyon days of bankers tossing him $40 for a $2....

Bush to Host Economic Summit

World meeting to be held 'in the near future'

(Newser) - President Bush will soon announce his plan to host a global summit on the financial crisis, MSNBC reports, to be held in the near future. “The president wants participation and ideas from both developed and developing nations,” one official said on condition of anonymity. Bush will meet with...

Pakistan Seeks Cash Amid Financial Crunch

(Newser) - Pakistan's new leaders are scrambling for foreign cash to ward off a possible economic meltdown at a time when they are trying to contain soaring violence by Islamic fundamentalists, the AP reports. Battered by high inflation and a plunging currency, the nuclear-armed country hopes global powers and financial institutions will...

The Day After, McCain Still Savors His Cup of Joe

Back on trail after debate, Republican still has Obama-baiting plumber on lips

(Newser) - Joe the Plumber remained a fixture of John McCain’s campaign today on the heels of his prominence in last night’s debate, the Chicago Tribune reports. “Joe's the man,” the Republican said at a rally. “He won and small businesses won across America. The American people...

Avon Looks to Ailing Economy for Growth

(Newser) - Avon's cosmetic-toting army is growing as troubled economic times make door-knocking more attractive to women struggling to make ends meet, reports the Wall Street Journal.  Incentives including price cuts, gas vouchers, and advice from celebrity financier Suze Orman, helped attract 5% more sales reps in the second quarter of...

Poll: Americans Want More Regulation

70% say lack of oversight caused economic woes

(Newser) - What caused the financial and housing crises? Three-quarters of Americans think a lack of federal regulation played at least some role in current economic woes, and 90% characterize the economy as doing badly, according to a Los Angeles Times/Bloomberg poll. When asked about the most crucial financial focus for the...

McCain Paints Ugly Picture, Touts His Experience as Fix

GOP candidate compares Obama to Herbert Hoover on economy

(Newser) - John McCain painted a dismal picture of the economy today at a rally in Virginia, comparing Barack Obama’s solutions to Herbert Hoover’s while declaring himself the right candidate to fix the mess, the Virginian-Pilot reports. McCain also raised the specter of his flailing campaign in an effort to...

Mac's Last Big Push Must Be on Economy: Strategists

'Drastic action' needed, GOP insiders say

(Newser) - Republican strategists say John McCain won’t be able to get back on his feet without addressing the economy, Politico reports. While some want further emphasis on Barack Obama’s associations, there’s broad agreement the economy is what’s ailing McCain. “It's hard to imagine the voters thinking...

Poll: Obama 53%, McCain 43%

McCain too busy with attack ads; losing support among base

(Newser) - Barack Obama continues to rise in the polls just as John McCain falls, with the latest numbers giving the Democrat a 10-point lead over his opponent, reports the Washington Post. Voters also gave Obama a clear lead on taxes and leadership for the first time in the election. McCain, meanwhile,...

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