Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation’s history while only slowly beginning to put Americans back to work.
If Congress [...]
Posts Tagged ‘recession’
Obama budget: Record spending, record deficit
February 2nd, 2010 by Financial Writer
Tags: banks, barack obama, recession, record deficit, record spending, unemployment
more...Wages and benefits rise weak 1.5 percent in 2009
January 29th, 2010 by Financial Writer
Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century.
The anemic gains have raised concerns about the durability of the economic recovery. The fear is that consumer [...]
Tags: economic recovery, employment compensation, Federal Reserve, recession, us workers
Business warns regulation may crimp recovery
January 27th, 2010 by Financial Writer
Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.
The worried response to U.S. President Barack Obama’s plans to curb big banks and a British assault on bankers’ pay came as 2,500 business leaders and policy makers [...]
Tags: business, commercial banks, financial industry, financial sector, global business, recession, world economic
Economic survey: Slow recovery continues
January 25th, 2010 by Financial Writer
Businesses expect to boost hiring and capital spending in the first half of the year as the U.S. recovery from the recession slowly continues, according to a new survey.
Since the fall of 2009 demand has edged higher in the goods-producing, finance and real estate industries, while other sectors such as transportation are seeing less drastic [...]
Tags: business economics, businesses, economic, real estate industries, recession, us recovery
Ahead of the Bell: Leading economic indicators
January 21st, 2010 by Financial Writer
Analysts expect that a private forecast of U.S. economic activity rose at a slightly slower pace in December, signaling that the slow, bumpy recovery from the recession was likely to continue.
The Conference Board’s index of leading economic indicators likely rose 0.7 percent last month, according to Wall Street economists surveyed by Thomson Reuters. The index, [...]
Tags: economic indicators, economy recovery, real estate sector, recession, stock prices, unemployment, us economic
Intel outlook points to PC industry recovery
January 19th, 2010 by Financial Writer
Intel’s fourth-quarter earnings breezed past Wall Street’s expectations, and its rosy profit outlook for 2010 was another sign that a lasting recovery for the recession-battered personal computer market is under way.
As the first major technology company to report its results for the last quarter, Intel is seen as a barometer for the PC market and [...]
Tags: economy recovery, intel, pc industry, pc shipments, recession, wall street
Recession takes toll on university president pay
January 18th, 2010 by Financial Writer
The recession has reached the executive suites of the nation’s public universities and colleges, putting a stop to a string of large annual pay increases for school presidents.
A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public schools leveling off in 2008-2009, rising a relatively modest 2.3 [...]
Tags: bonuses, charles grassley, higher education, recession, unemployment
Ahead of the Bell: Business Inventories
January 14th, 2010 by Financial Writer
Businesses, after slashing inventories for over a year, likely boosted stockpiles for a second-consecutive month in November. The hope is that businesses will begin restocking their depleted shelves, helping to support the economic recovery.
Economists surveyed by Thomson Reuters expected inventories to rise by 0.2 percent November. The Commerce Department will release the report at 10 [...]
Tags: business inventories, businesses, economic recovery, recession, stockpiles
Easy money may already be out of the markets
January 11th, 2010 by Financial Writer
The stock market rally is aging, and the surest sign is that investors are migrating to stocks that missed out on 2009’s big run.
The Standard & Poor’s 500 index is up 69 percent since March 9. The stocks hit hardest during the bear market, including financials and small-caps, led the rally during its first seven [...]
Tags: easy money, economy's recovery, investors, recession, stock market
Japan can avoid double-dip recession: minister
December 27th, 2009 by Financial Writer
Japanese National Strategy Minister Naoto Kan said on Sunday the country’s economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by the government and better market conditions.
Japan’s economy is in deflation and the three-month old Democratic Party-led government fears a return to a recession next year, especially ahead of an upper [...]
Tags: economic recovery, economy, fiscal spending, japan, naoto kan, recession