US economy – News Stories About US economy - Page 34

Apr 19, 2007 8:57 AM CDT

BlackBerry Blackout Lasts 12 Hours

Millions of data and email addicts left jonesing during service outage

(Newser) - Five million BlackBerry scrollers in the U.S. and Asia were stymied for 12 hours over Tuesday night and yesterday morning while Research in Motion frantically fixed a service outage. Early-riser Wall Streeters working on deals with London were particularly annoyed by the downtime. Experts surmise the blackout was a...

Ethanol Could Fuel Recession

Apr 9, 2007 1:38 PM CDT

Ethanol Could Fuel Recession

Demand for grain triggers shortage

(Newser) - Demand for grain for biofuels like ethanol is spurring global food shortages and sending prices soaring—and could trigger a recession, warns the Wall Street Journal. Food prices are already skyrocketing in economies as diverse as India, China, Germany, the U.K., and South Africa. American consumers are likely to...

Fake Raids Test Iraqi Reconstruction

Mar 22, 2007 11:13 AM CDT

Fake Raids Test Iraqi Reconstruction

U.S. aid to small businesses works only if it's invisible. Otherwise, companies get 'immediately shot or blown up.'

(Newser) - The American military is staging fake raids on Iraqi small businesses to confirm that US aid is being well spent—without tipping off insurgents that they have any US connection. "The only way things will work is if the US contribution is totally invisible," says a civil-affairs officer,...

Does Saudi Arabia Have a Dubai Complex?

Mar 12, 2007 1:23 PM CDT

Does Saudi Arabia Have a Dubai Complex?

Building binge aims to diversify boom-or-bust oil economy

(Newser) - Saudi Arabia is on a building binge. King Abdullah City—a planned $26.7-billion development where multi-million-dollar yachts will dock in the ports that currently welcome 300,000 Mecca-bound pilgrims—is one of five major “economic cities” the government is building in an attempt to spur private-sector growth and...

China Embraces Private Property

Mar 9, 2007 8:57 PM CST

China Embraces Private Property

Bill reassures urban middle class, decried by advocates of the poor

(Newser) - China's burgeoning middle class will be feeling a little more secure next week, when the National People's Congress is expected to pass the country's first property-rights bill. The measure has become a lightening rod for criticism of China’s leadership, with communists using it as evidence that the government is...

Greenspan Sees Recession

Mar 6, 2007 11:04 AM CST

Greenspan Sees Recession

Former fed chairman forecasts end of cycle as early as this year

(Newser) - Back when bankers and investors hung on his every word, Alan Greenspan was caution itself in public pronouncements . But yesterday the former chairman took the rare step of predicting the onset of an out-and-out recession. Speaking via satellite to a business conference in Hong Kong, Greenspan said the US. economy...

Bernanke Buoys Dow

Mar 6, 2007 11:04 AM CST

Bernanke Buoys Dow

Global markets continue to fall

(Newser) - U.S. stock prices rebounded yesterday, buoyed by Fed Chairman Ben Bernanke's forecast of moderate growth. But averages from Singapore to London continued to slide and there was widespread debate over whether the plunge was the market correcting for inflated highs or if it was the first sign of a...