In their newly released study, Economists at Northeastern University found that since the recovery began in June 2009 following a deep 18-month recession, “corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1 percent” of that [...]
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The Wageless, Profitable Recovery
June 30th, 2011 by Financial Writer Tags: american workers, economic recovery, Northeastern University, recovery, united states
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I.M.F. Urges Debt Limit Action in U.S.
June 30th, 2011 by Financial Writer The International Monetary Fund urged the United States on Wednesday to raise the nation’s borrowing limit, warning that inaction could lead to higher interest rates that would harm the domestic economy and world financial markets.
The debt limit is the amount the government can borrow to help finance its operations. The United States [...]Tags: Debt, economy, International Monetary Fund, obama, united states, world financial markets
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Christine Lagarde and the Demand for Dollars
June 30th, 2011 by Financial Writer After receiving support from the United States at the critical moment, Christine Lagarde was named Tuesday as the next managing director of the International Monetary Fund. In campaigning for the job, Ms. Lagarde, France’s finance minister, made various promises to emerging markets with regard to improving their relationships with the I.M.F. [...]
Tags: budget deficit, Christine Lagarde, economy, emerging markets, european union, federal budget, foreign exchange, International Monetary Fund
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Senate cancels recess to work on debt ceiling
June 30th, 2011 by Financial Writer The Senate will forgo its scheduled recess for the week of July 4 to work on legislation to raise the debt ceiling and cut the deficit, Senate Majority Leader Harry Reid said Thursday.
“The work we’re doing to cut the deficits and create jobs is too important, the obstacles too steep and [...]
Tags: Debt, July 4, Senate, USA
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Today’s Study: Communication (The Huge Opportunity On The Wires)
May 2nd, 2011 by Financial Writer NewEnergyNews Daily Headlines click here for main page: http://www.NewEnergyNews.net/
Today At Newenergynews, 4-28:
* Today’s Study: Communication (The Huge Opportunity On The Wires)
* Quick News, 4-28: Pres Boosts New Energy; A Big Sun Buy-In Chance; Feds Fund Efficient Homes; Cleaner Cleaning
Yesterday
* Study: Being Ready (Measuring Higher Winds)
* Quick News, 4-27: More New Energy Innovation; New Energizing China’s [...]
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TAX THE RICH! OK, BUT THEN WHAT?
April 12th, 2011 by Financial Writer For years, President Obama has been clear about his preferred tax policy: Tax the rich more and protect households that make less than $250,000 from higher taxes.
It’s not clear what he’ll say about taxes on Wednesday when he lays out his ideas for how to tackle the country’s long-term debt. If history holds, he’ll stick [...]Tags: 2012, AIG, au, ben, bipartisan, Debt, deficit, economic, economically, economy, fed, household, households, increase, Invest, investment, lawmakers, money, mortgage, obama, president, rate, spending, taxpayers, ubs, us
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Oakmark’s David Herro Says Unloved Japanese Stocks a ‘Steal’
February 3rd, 2011 by Financial Writer Japan’s stock market is more than 70 percent off its 1989 record high and last month the country’s debt was downgraded for the first time in nine years. Time to buy Japanese equities, says David Herro.
“At these prices Japanese stocks are a steal,” said Herro, 50, manager of the $6.9 [...]Tags: au, bank, ben, business, China, company, Debt, deutsche bank, dollar, economic, economy, economy grew, euro, Europe, european union, exports, finance, glo, government, increase, india, Invest, investment, investor, investors, japan, new york, prime minister, rate, stock, stock market, stocks, the dollar, us
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BBVA Seeks Bigger Market Share
February 2nd, 2011 by Financial Writer Banco Bilbao Vizcaya Argentaria outlined plans to grab a big chunk of the Spanish banking market over the next three years as the nation’s ailing savings banks restructure.
The announcement came as Spain’s second-largest bank by assets reported a jump in fourth-quarter profit backed by robust growth in Latin America, which offset weakness in [...]Tags: bank, banking, banks, company, dow jones, loan, loans, ubs, us
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‘Doomed’ FHA short refi starts
February 1st, 2011 by Financial Writer The Federal Housing Administration, or FHA, has opened its doors for the “short refinance” program that’s supposed to help homeowners who owe more than their home is worth. But skeptics — including my colleague Holden Lewis, who is on vacation this week — have already taken a dim view of the short refi program as [...]
Tags: au, Debt, economic, fed, finance, government, homeowners, housing, Invest, investor, investors, lender, lenders, loan, mortgage, owners, us
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Boom Truck Financing
January 31st, 2011 by Financial Writer Trucks are specialty vehicles, the incomparable services for a number of special operations. Can be used in tree trimming services, loading and unloading heavy products and also for transportation. They are specially designed to offer performance, portability and versatility. In short, they are high performance vehicles. By their very nature, carry higher price tags. [...]
Tags: au, cars, company, finance, financial, increase, lending, transaction, transactions, us, vehicles, visa
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