Question: Why doesn’t the government sponsor jobs programs similar to those by Roosevelt during the Great Depression, such as rebuilding infrastructure, building new energy grids, alternative transportation, a decent bus system or train system? Paul Solman: But that’s what the…
Americans and government watchdogs are getting their first glimpse at the results of the massive economic stimulus package heralded by President Barack Obama soon after taking office.
By Carolyn O'Hara
Ryan Lizza, Washington correspondent for The New Yorker magazine, has penned a new account of how the main players on the White House economic team negotiate their different backgrounds and priorities in crafting high-stakes economic policies.
By Online DA
The financial crisis barreled through industrialized and developing nations, bruising once vital economies, and thrusting unhealthy ones further into decline. With G-20 leaders in Pittsburgh this week, here is a look at where their economies stand.
Editor’s note: All this week on the Business Desk, we’ll be featuring contributions from economists, financial journalists, and other experts on the origins and impact of the financial crisis. We asked several experts to weigh in on the single…
By Quinn Bowman
U.S. employers shed 216,000 jobs in August, increasing the unemployment rate to 9.7 percent, the highest level since 1983.
Question: Is the stimulus working? Paul Solman: Hard to argue otherwise, if what you mean is: Would things be worse right now if there were no stimulus? In the long run, maybe the stimulus will be seen as just having…
Question: I often hear that WWII finally ended the Great Depression. How can it be that a relatively short war (WWII) was so helpful to the economy but…
By Online DA
Foreclosure filings in the United States jumped in July, again setting a record for the third time in five months. The increase was due to falling home prices and the recession, which kept some homeowners from making payments or refinancing.
By PBS NewsHour
The Chinese government reported that the country's economy grew by 7.9 percent in the second quarter of this year, fueled by massive stimulus spending and more than $1 trillion in lending by state-run banks.
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