http://www.freerepublic.com/tag/economic/ en-us Wed, 25 Nov 2009 10:49:38 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2394095/posts Some employers are continuing to lay off workers. Struggling Internet company AOL last week said it plans to cut up to 2,500 jobs, more than a third of its work force, once it is spun off from the media conglomerate Time Warner Inc. And Hartford, Conn.-based health insurer Aetna Inc. said it will cut 625 jobs, or nearly 2 percent of its staff, and will make similar job cuts in the first quarter of 2010 due to the lagging economy and the potential impact of health care reform. Federal Reserve policymakers said at their November meeting that the unfolding recovery... FOXNEWS.com http://www.freerepublic.com/focus/f-news/2394095/posts#comment Wed, 25 Nov 2009 10:49:38 GMT http://www.freerepublic.com/focus/f-chat/2389040/posts PASCO COUNTY (Bay News 9) -- Owning a small business can be difficult and starting soon local entrepreneurs will be dishing out a lot more cash to the government. The annual fee employers pay to fund unemployment benefits is about to go up drastically. The fee is jumping from $8.40 per employee to $100.30. "That'll have a huge burden on the small business man and woman -- any business in the state of Florida -- who are struggling right now," said state Sen. Mike Fasano. The state is out of unemployment money according to the Florida Department of Revenue. It's... baynews 9 http://www.freerepublic.com/focus/f-chat/2389040/posts#comment Wed, 18 Nov 2009 16:01:56 GMT http://www.freerepublic.com/focus/f-news/2379105/posts INDIANAPOLIS -- Indiana University economists presenting their annual forecast today (Nov. 5) are confident that 2010 is going to be better than this year. Unfortunately, 2009 was "really, really awful." "Better is not necessarily good," said Bill Witte, associate professor emeritus of economics at IU and a member of the Kelley School of Business' annual Business Outlook Panel. "2010 is going to be acceptable, except for the fact that we're starting from extremely low levels. Things will be getting better, but they still won't be really good." The Journal of Business http://www.freerepublic.com/focus/f-news/2379105/posts#comment Thu, 5 Nov 2009 14:11:41 GMT http://www.freerepublic.com/focus/f-news/2366990/posts Listened to an interesting talk today by Jared Bernstein, chief economist to Vice President Joe Biden, at a New America think-tank conference on job creation. A few observations: 1) If Bernstein’s talk was any indication, don’t look for much public celebration by the White House if we get some good 3Q and 4Q GDP numbers. As he put it, “Absent robust job growth, it is not a true economic recovery.” He stressed this point several times. I don’t even think you will hear an administration official use the word “recovery” in 2009. 2) Bernstein trotted out several interesting slides —... Reuters Blogs http://www.freerepublic.com/focus/f-news/2366990/posts#comment Tue, 20 Oct 2009 23:05:52 GMT http://www.freerepublic.com/focus/f-news/2359687/posts Introduction Over the past decade and a half, Americans have been presented with two radically different visions of the role of government. The first vision, articulated and implemented by President Reagan in the 1980s, declares that government taxation and burdensome regulations are harmful to the natural market forces that generate economic growth. Since economic growth is the only way to truly create jobs and raise incomes, policies that reduce taxes and government intervention are the keys to higher living standards for all Americans. President Clinton espouses the second vision, which maintains that the expansion of government does not have harmful... house.gov http://www.freerepublic.com/focus/f-news/2359687/posts#comment Sat, 10 Oct 2009 22:07:29 GMT http://www.freerepublic.com/focus/f-news/2354022/posts "I'm working closely with my economic advisors to explore any and all additional options and measures that we might take to promote job creation," Obama said after the Labor Department reported that 263,000 Americans lost jobs in September and the unemployment rate rose to 9.8 percent. Embedded in those numbers was this sobering statistic. The number of Americans unemployed for 27 weeks increased by 450,000 and now totals 5.4 million. The White House may soon ask Congress to extend three parts of the original $787 billion stimulus law signed in mid-February. * Extend the current $8,000 first-time home buyer tax... FOXNEWS.com http://www.freerepublic.com/focus/f-news/2354022/posts#comment Sat, 3 Oct 2009 11:27:36 GMT http://www.freerepublic.com/focus/f-news/2350867/posts If the academic year gets pushed deeper into summer, as President Obama is advocating, the grumbling will not be limited just to students and teachers who will be forced to spend more days in school. Critics say the president's call for a longer academic calendar and a shorter summer vacation will bring on a host of unintended consequences -- including increased costs for school systems, major cuts to the nation's hotel and tourism industries, and a serious blow to summer camp operators. Obama says kids in the U.S. spend too little time in the classroom, putting them at a disadvantage... Fox News http://www.freerepublic.com/focus/f-news/2350867/posts#comment Tue, 29 Sep 2009 17:00:08 GMT http://www.freerepublic.com/focus/f-news/2345123/posts Washington, D.C. (AHN) - American's economic recovery "is very near," a report by a private research organization concluded Monday. The assertion by the Conference Board was based on improvements in 10 leading economic indicators measured by the group. Five of the indicators improved in August, while two had no change. The indicators are used to forecast economic fortunes up to nine months into the future. An index that measures current activity, the coincident index, was unchanged for the month after being revised to show a 0.1 percent increase in July. The indicators have been rising since April after being in... All Headline News http://www.freerepublic.com/focus/f-news/2345123/posts#comment Tue, 22 Sep 2009 00:14:05 GMT http://www.freerepublic.com/focus/f-news/2345200/posts WASHINGTON (Reuters) – The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice. A document outlining the U.S. position ahead of the September 24-25 Group of 20 summit in Pittsburgh said exporters, which include China, Germany and Japan, should consume more, while debtors like the United States ought to boost savings. "The world will face anemic growth if adjustments in one part of the global economy are not matched by offsetting adjustments in other parts," said the document,... Reuters on Yahoo http://www.freerepublic.com/focus/f-news/2345200/posts#comment Tue, 22 Sep 2009 02:06:20 GMT http://www.freerepublic.com/focus/f-news/2344049/posts Obama noted several steps have been taken to spur the U.S. economy, pointing to the stimulus package, efforts to unlock frozen credit markets and free more loans for people investing in homes, cars, education or financing small businesses. And he said other nations have been challenged to address underlying problems that caused a deep global recession. But Obama said his administration knows that "stopping the bleeding isn't nearly enough. We know we still have a lot to do here at home to build an economy that is producing good jobs for all those who are looking for work today. "And... FOXNEWS.com http://www.freerepublic.com/focus/f-news/2344049/posts#comment Sun, 20 Sep 2009 08:46:42 GMT http://www.freerepublic.com/focus/f-chat/2343766/posts I always wondered how the people survived in Argentina's currency melt down. Here is a video with the answer. It is very interesting and inspiring. youtube http://www.freerepublic.com/focus/f-chat/2343766/posts#comment Sat, 19 Sep 2009 19:18:27 GMT http://www.freerepublic.com/focus/f-chat/2335651/posts Here’s a thought to ponder. Let’s think of a community of families that each agree to put aside a minimum of $100 CASH a month. They agree that this cash will henceforth ONLY be spent within the community – and physical cash will be the only currency accepted. Any purchases not made in the community will be made with other resources. There would be no “central bank” within the community. There would be no central figure to “trust”. The only requirement is a verbal agreement to use that money within the community by buying and selling with other members, or... politicket http://www.freerepublic.com/focus/f-chat/2335651/posts#comment Wed, 9 Sep 2009 18:56:34 GMT http://www.freerepublic.com/focus/f-bloggers/2323254/posts Here we are again approaching another 10-year cycle peak. The last such peak was in 1999 while the most recent 10-year cycle bottom was in 2004. We wrote extensively on both episodes at the time and the 10-year cycle is one of our favorites. It's what I like to call the "slam dunk" cycle since among all the yearly Kress cycles, the 10-year cycle at its peak and bottom phase can almost always be used for profitable trading/investing almost by itself. It will be sad to wave goodbye to our friend, the 10-year cycle, in a few weeks. After the... Commodity News Center http://www.freerepublic.com/focus/f-bloggers/2323254/posts#comment Mon, 24 Aug 2009 15:50:27 GMT http://www.freerepublic.com/focus/f-bloggers/2294129/posts We estimate fiscal 2009 to have a deficit of more than $2 trillion and incoming revenues will only make up less than half of that. In spite of the protestations of our Treasury Secretary Tim Geithner that the deficit will be reduced, our president guarantees $1 trillion annual deficits as far as the eye can see. Cuts will never come and the dollar will fall because that is the way the elitists want it to be. Only from the ashes of economic and financial collapse can the new world order rise. Our government says one thing and does another. They... International Forecaster Weekly http://www.freerepublic.com/focus/f-bloggers/2294129/posts#comment Thu, 16 Jul 2009 18:58:59 GMT http://www.freerepublic.com/focus/f-news/2291210/posts Geithner is expected to repeat assurances that the government's soaring budget deficits will not trigger a devastating bout of inflation that sinks the value of the dollar and foreigners' holdings. High-level meetings Geithner is scheduled to hold high-level meetings on Tuesday and Wednesday with top government officials and leading business executives in Saudi Arabia and the UAE. "We have a fiscal policy that will ultimately undermine the value of their holdings and that has got foreign investors nervous," said Mark Zandi, chief economist at Moody's Economy.com. On Monday, the government is expected to announce that the deficit through the first... Gulf News http://www.freerepublic.com/focus/f-news/2291210/posts#comment Mon, 13 Jul 2009 03:08:36 GMT http://www.freerepublic.com/focus/f-bloggers/2281657/posts Housing has led us out of every economic slump for the past 50 years, which is why this recession could go on for a long time... The Daily Crux http://www.freerepublic.com/focus/f-bloggers/2281657/posts#comment Mon, 29 Jun 2009 14:24:13 GMT http://www.freerepublic.com/focus/f-news/2267835/posts During his NAACP speech earlier this month, Sen. Obama repeated the term at least four times. "I've been working my entire adult life to help build an America where economic justice is being served," he said at the group's 99th annual convention in Cincinnati. And as president, "we'll ensure that economic justice is served," he asserted. "That's what this election is about." Obama never spelled out the meaning of the term, but he didn't have to. His audience knew what he meant, judging from its thumping approval. A careful reading of Obama's first memoir, "Dreams From My Father," reveals that... The INVESTOR'S BUSINESS DAILY http://www.freerepublic.com/focus/f-news/2267835/posts#comment Tue, 9 Jun 2009 10:08:57 GMT http://www.freerepublic.com/focus/f-news/2266799/posts no link, just headline DrudgeReport.com http://www.freerepublic.com/focus/f-news/2266799/posts#comment Sun, 7 Jun 2009 22:30:18 GMT http://www.freerepublic.com/focus/f-news/2262621/posts A corrupt parliament; an unprincipled government; an economy sinking under a mountain of debt - and a people enraged. Not a bad description of Britain in 2009. Also not a bad description of Britain nearly two centuries ago, in the dismal decade of distress and discontent that followed the Napoleonic Wars. Yes, we've been in this mess before. The question is: How did we get out of it? And can we do it again? In his Rural Rides, which he began writing in 1822 and published in 1830, the radical journalist William Cobbett portrayed a country groaning under the twin... Daily Mail http://www.freerepublic.com/focus/f-news/2262621/posts#comment Tue, 2 Jun 2009 02:39:58 GMT http://www.freerepublic.com/focus/f-news/2256939/posts As bad as California's budget crisis is for the state's $1.8-trillion economy, just wait. It could get worse. The spectacle that played out in the national media this week of a state unable to get its fiscal act together is reinforcing the notion that the Golden State is a rotten place to do business, experts say. Corporate leaders and Wall Street investors, watching the daily festival of seeming incompetence, political partisanship and governmental dysfunction, could be persuaded to limit or eliminate their investments here. ... The budget crisis threatens to further weaken the state's job market, which lost 63,700 more... LA Times http://www.freerepublic.com/focus/f-news/2256939/posts#comment Sat, 23 May 2009 17:26:12 GMT http://www.freerepublic.com/focus/f-news/2256623/posts WASHINGTON (Reuters) – From legalizing marijuana and then taxing it, to increasing death certificate fees and charging gentlemen's club patrons an extra $5 at the door, cash-strapped U.S. states and cities are rooting around for revenue in some unconventional places. But even those able to scrounge up funds from untapped sources will likely still need federal help or traditional tax increases to recover from a 17-month recession that has dried up revenue, drained spending capabilities and nearly obliterated the usual last resort of borrowing. Sin seems most ripe for the taxing in a list of proposed revenue moves compiled by... Reuters on Yahoo http://www.freerepublic.com/focus/f-news/2256623/posts#comment Fri, 22 May 2009 23:48:42 GMT http://www.freerepublic.com/focus/f-news/2246591/posts (IsraelNN.com) A survey conducted by the Boston Review in its May/June issue shows that nearly 25% of American non-Jews blame “the Jews” a moderate amount or more for the financial crisis. Furthermore, a total of 38.4% of the non-Jews in the U.S. attribute at least some level of blame to the group. Possibly most significant of all were the subconscious anti-Semitic tendencies revealed based on the way the questions were phrased to different groups. arutz 7 http://www.freerepublic.com/focus/f-news/2246591/posts#comment Fri, 8 May 2009 01:33:10 GMT http://www.freerepublic.com/focus/f-news/2242145/posts President Obama voted against the last two conservative justices to join the Supreme Court. He once said that, if he were president at the time, he would not have nominated the court's other two conservatives. Obama has described his ideal Supreme Court as being a "refuge of the powerless" -- a populist attitude toward the nation's highest court that suggests the sort of person he will nominate to replace Justice David Souter, who is expected to resign this summer. For now, the White House is staying mum on news of Souter's impending retirement. The administration is giving Souter a chance... Fox News / Politics http://www.freerepublic.com/focus/f-news/2242145/posts#comment Fri, 1 May 2009 17:01:37 GMT http://www.freerepublic.com/focus/f-news/2241414/posts WASHINGTON (Reuters) – President Barack Obama sought to reassure Americans on Wednesday he was making progress tackling the economic crisis and in fixing the U.S. image abroad, but urged patience. "We are off to a good start. But it is just a start," Obama told a White House news conference as he assessed his first 100 days in office and promised to keep up the whirlwind pace. "I am pleased with our progress, but I am not satisfied." Buoyed by high public approval ratings, Obama focused on the jam-packed policy agenda he has pursued since his January 20 inauguration, topped... Reuters on Yahoo http://www.freerepublic.com/focus/f-news/2241414/posts#comment Thu, 30 Apr 2009 18:30:17 GMT http://www.freerepublic.com/focus/f-news/2234128/posts Many of the sneering comments about the participants in last week’s hundreds of tea parties across the nation were premised on the idea that these people didn’t know much about public policy. The hostile CNN reporter (Rush Limbaugh might call her an infobabe) who told tea party attendants that they were going to get tax rebates was an example of that. It was also an example of the condescension of so many in the media: ordinary people should be satisfied with getting a few extra bucks now and shouldn’t worry about the long-term effects of huge increases in government spending... Washington Examiner http://www.freerepublic.com/focus/f-news/2234128/posts#comment Tue, 21 Apr 2009 10:10:42 GMT