Economists at the International Monetary Fund predict that the global economy will grow by less than one percent in 2009 and Iraqis went to the polls for early voting in provincial elections, with the rest of the country set to vote on Saturday. Jim Lehrer recaps the day’s other headlines. Continue reading
President Barack Obama met Wednesday with business leaders and renewed his calls for Congress’s quick action on passing a new economic stimulus plan. Continue reading
It was a tough time for filmmakers at this year’s Sundance Film Festival, that annual nexus for lesser-seen cinema in Park City, Utah. Thanks to the recession, changing technology and an industry struggling to catch up, less than a dozen movies have found distributors, with many high-profile films leaving the festival without a buyer.
Question/Comment: If economists cannot see that an economy that is two-thirds consumption based with consumer debt rising and savings falling is not completely unsustainable, why don’t we call them idiots instead of economists? Some would call it mercantilism. Paul Solman: … Continue reading
Acknowledging that the economy has continued to deteriorate, the Federal Reserve signaled Wednesday that it will continue to use unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite “some time.” Continue reading
Question/Comment: A business advice columnist in The Oregonian recently answered a question about canceling a credit card when the issuer changes the terms. One of her comments was that it always has a negative impact on one’s credit score to … Continue reading
As the impact of the economic downturn ripples across the U.S., four public broadcasting reporters describe how the recession has impacted their states and local communities.
President Obama headed to Capitol Hill Tuesday to try to garner bipartisan support for his economic stimulus plan, which some Republican congressional leaders have criticized for not doing enough to create and preserve jobs. Ray Suarez reports. Continue reading
Americans’ attitudes about the economy have sunk to a new low as another round of glum economic data released Tuesday also shows home prices plummeting and state unemployment rates soaring. Continue reading
- With the Economic Downturn and Wages Stagnant, What Economic Rationale Prevails for Increasing Prices?
Question/Comment: In the New York Times recently, it was stated that there has been a drop in consumer prices. Here is NYC I have found that prices have risen. For example, a half gallon of milk that was $1.89 three … Continue reading