recovery

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Bernanke Sees Slow Recovery, Despite Positive Signs

Still hopes economy will grow by year's end

(Newser) - The US has a long way to go before the economy returns to full health, despite hopeful signs, Ben Bernanke told the House budget committee today. “Recovery will only gradually gain momentum and that economic slack will diminish slowly,” the Fed chairman said. With businesses cautious, “the...

Air France Black Box Recovery Could Take Months

Key devices could be beyond reach of deep-sea divers

(Newser) - The black boxes from the missing Air France jet are crucial to determining what brought the plane down, but locating the devices could present the most daunting challenge since the Titanic mission, Reuters reports. “You are looking for a needle in a haystack,” said one industry specialist, guessing...

Hurricanes Will Send Foreclosure Debris Flying

(Newser) - It’s a perfect, er, storm: Some of America’s most hurricane-prone areas are littered with foreclosed houses likely send debris flying in a storm, the AP reports. Without caretakers to secure them, the houses will also endure greater damage and lose even more value. "A lot of these...

No Recovery In Sight for Small Business

(Newser) - Wall Street and Washington financial gurus may be seeing “green shoots” of economic recovery, but small businesses are still stuck in the mud, Kevin Kelly writes in Newsweek. Kelly, the CEO of a bag manufacturing company, says too many colleagues' businesses are losing sales, laying off workers, or shutting...

In Market Hit Early, Signs of a Recovery
In Market Hit Early, Signs of
a Recovery
ANALYSIS
May 5, 2009 8:53 AM CDT

In Market Hit Early, Signs of a Recovery

Some see bottom, others 'fool's gold' in Sacramento real estate

(Newser) - In Sacramento, one of the first US cities to see the housing market crumble, there are glimmers of recovery, the New York Times reports. Sales have jumped 45% from last year, and investors and first-time buyers are on the prowl. “It’s fragile, and it could easily be fleeting,...

Don't Get Excited, Crisis Isn't Over: Krugman

Tough times ain't over—and we can't afford 'complacency'

(Newser) - We’re hearing about “glimmers of hope" from policymakers, but the president’s biggest lefty naysayer has a word of warning: “Don’t count your recoveries before they’re hatched,” Paul Krugman writes in the New York Times. “Premature optimism” has been disastrous during previous downturns,...

15 Years Later, Rwanda Moves Toward Forgiveness

Rwandan wants his country to inspire world

(Newser) - When Bishop John Rucyahana heard of the genocide wracking his native Rwanda in 1994, he did something unexpected: He returned home from Uganda. Since then, he has built schools for orphans and “reconciliation villages” where the genocide’s victims and perpetrators live together, Newsweek reports. “If Rwanda can...

Geithner Predicts Big Things at G20

Confident Treasury chief expects 'global stimulus' plan

(Newser) - Treasury chief Tim Geithner made time in London for a series of TV interviews in which he expressed confidence that the global economy has turned the corner. He told Bloomberg that he sees "encouraging signs" of recovery and said policy makers at the G20 summit will make sure the...

'Tentative' Signs Point to Healing US Economy

But changes on paper may take time to hit pockets

(Newser) - Next month, the US recession is set to become the longest since the Great Depression, but the Wall Street Journal, in the first up-beat prediction in months, musters “tentative” signs that things could be turning around. Consumer spending and sentiment rose in February, the housing market is looking more...

Williams' Heart Surgery a Success: Docs

(Newser) - Surgery last week on actor Robin Williams’ heart “went extremely well,” doctors said today. The 3½-hour procedure corrected an irregular rhythm and replaced a valve, People reports. “A couple hours after surgery, he was entertaining the medical team and making us all laugh,” said the...

Obama: End 'Cycles of Bubbles and Bust'

(Newser) - President Obama told the chief executives of America's biggest companies today that the US has to end its "endless cycles of bubbles and busts," Bloomberg reports. "Instead, we must build this recovery on a foundation that lasts," Obama said in an address to the Business Roundtable....

Second-Half Rebound? Don't Bank On It

(Newser) - Economists say the prospects of a recovery in the second half of the year are looking less and less likely, the Wall Street Journal reports. Most economists surveyed predict the nation's GDP will grow in the third quarter by a measly 0.7%, less than half the rate predicted 6...

Second Engine Recovered From Hudson River

Couric lands first interview with Flight 1549's hero captain

(Newser) - The left engine of Flight 1549 was pulled from the Hudson River this afternoon, days after it was located with sonar, NY1 reports. Divers had held off on the recovery because of cold weather; warmer temperatures today allowed them to reach the engine and hoist it out of the water...

Kennedy Going Home Tomorrow
Kennedy
Going Home Tomorrow
Jan 20, 2009 7:42 PM CST

Kennedy Going Home Tomorrow

Senator's seizure probably caused by fatigue, doctor says

(Newser) - Ted Kennedy continues to do well after today's seizure and will be released from the hospital tomorrow morning after a night of observation, the Boston Globe reports. His collapse was probably caused by “simple fatigue,” a doctor said. He is surrounded by family at a Washington hospital after...

Any Madoff Money Will Be a Long Time Coming

(Newser) - If past fraud cases are a guide, investors rooked by Bernard Madoff will have to wait quite a while to see even a fraction of their initial investments returned, Reuters reports. Court action is notoriously slow, but that’s only half the problem: Recovering money is possible only if it’...

Kim Jong-Il Back in Public After Stroke

North Korean leader appears recovered

(Newser) - US intelligence officials believe North Korean leader Kim Jong-Il has recovered from a stroke he suffered last August, and has been making public appearances, Reuters reports. The 66-year-old dictator recently inspected army units and a ceramics factory, according to North Korea's state-controlled media. One appearance is believed to have taken...

More Companies Should Cut Wages, Not Jobs
More Companies Should
Cut Wages, Not Jobs
OPINION
Dec 19, 2008 11:37 AM CST

More Companies Should Cut Wages, Not Jobs

In a move that may be mimicked, FedEx moves to help workers, shareholders

(Newser) - It was FedEx's turn yesterday to play Scrooge, announcing cutbacks in the face of recession, but the company's strategy—cutting wages for senior execs and other salaried employees, rather than cutting jobs—maybe prove to be the smart alternative, and a harbinger of things to come, Peter Eavis writes in...

Merle Haggard Recovering From Lung Cancer Surgery

Country legend loses portion of lung

(Newser) - Country crooner Merle Haggard is recovering at home in California after undergoing surgery for lung cancer last week, Reuters reports. The 71-year-old singer was recently diagnosed with a slow-spreading form of the cancer, which tests show was completely removed in the surgery. "I'm feeling better and better each day,...

Economy's in for Grueling Hangover
 Economy's in 
 for Grueling 
 Hangover 
OPINION
Sep 21, 2008 6:05 AM CDT

Economy's in for Grueling Hangover

Time to pay for the party

(Newser) - The federal government’s giant bailout plan sparked a stock market surge—but it’s unlikely the economic turbulence will end anytime soon, warns David Leonhardt in the New York Times. “It’s been a long period of excess” lasting over a decade, and now the dot-com, stock market...

16 Girls Killed, More Trapped in Turkey Dorm Collapse

Rescue teams dig frantically to unearth survivors

(Newser) - A three-story dormitory housing female students collapsed in central Turkey today, killing at least 16 girls, injuring at least 27, and setting off a search for a half-dozen students believed to be under the rubble. The students, between ages 8 and 16, were attending Koran courses in the city of...

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