11.06.09
Highest unemployment rate in 26 years: Obama’s jobs challenge
The unemployment rate hit 10.2 percent in October. The news underscored that job creation is the big political imperative for Obama and Congress as 2010 elections loom on the horizon.
11.02.09
Four financial innovations for a new generation
While financial innovation is often associated with nearly toppling the international economic system, some entrepreneurs are preparing a different breed of financial tools.
11.02.09
ECONOMIC SCENE: On national debt, worries are bipartisan
The national debt is worrying to conservatives and liberals alike. The question? What to do about it.
10.31.09
Big winner on economic stimulus and jobs is … Puerto Rico?
The island territory has been able to add a high number of new jobs per capita. But the stimulus comes at a time of political struggle between public and private labor in Puerto Rico.
10.31.09
Edmunds.com fires back at White House cash-for-clunkers slam
Tiff over the success of cash-for-clunkers has the White House reaching beyond media criticism to take on even ‘apolitical’ consumer groups.
10.30.09
Economic stimulus: which states have gained the most jobs
The White House says the economic stimulus accounts for 640,000 jobs. But the picture is mixed across the US.
10.30.09
Americans’ income and spending drop, despite stimulus
Household disposable income stagnated in September, and spending fell 0.5 percent, the government reported. The figures call into question the strength of the economic recovery.
10.30.09
Stimulus saved or created 650,000 jobs, White House claims
But the jobs market remains weak despite the stimulus, and may remain so for some time, officials say.
10.29.09
Extending home-buyer credit: another clunker?
Congress wants to extend the $8,000 home-buyer credit. Critics say it's not that helpful and mostly benefits home sellers.
10.29.09
White House economist Romer says economy has turned a corner
The nation’s GDP grew in the third quarter. But Obama's chief economist Christina Romer says the US is 'still in for more bad news' on jobs until GDP grows even more.
10.29.09
GDP report: Economy grows after a year of contraction
US economy grew 3.5 percent in the third quarter, according to GDP report. But it will be months before the economy adds jobs, economists forecast.
10.28.09
Report: Cash for Clunkers was a lemon
A study by Edmunds.com released Wednesday suggests that Cash for Clunkers mostly gave money to people who were going to buy a new car anyway.
10.28.09
Executive pay: How much say should Obama ‘czar’ have?
High executive pay and bonuses are unseemly after taxpayer bailouts, many Democrats charge. But GOP lawmakers worry about federal 'pay czar' meddling in the workings of capitalism.
10.28.09
America’s worst commutes
From the legendary traffic snarls of New York City to the long routes taken by rural Pennsylvanians, here are America's worst commutes.
10.27.09
Bankers face activists’ anger in the streets of Chicago
Demonstrators at the American Bankers Association convention Tuesday decried banks' greed and lack of transparency. But officials say the bankers in Chicago aren't the ones who were bailed out by the federal government.
10.27.09
Congress targets major cause of banking crisis: derivatives
The House Financial Services Committee announced a plan Tuesday to give regulators tools needed to crack down on banks' risky behavior. It will be a tough job, experts say.
10.26.09
Lost your job? Documentary details layoffs’ sweet side
Layoffs hurt. But "Lemonade" tells the story of job losses that turned into more fulfilling careers.
10.26.09
ECONOMIC SCENE: More spending on Afghan war could hurt the dollar
Spending on Afghan war could be putting the dollar in increasingly perilous position
10.23.09
Foreclosure activity slows in California as banks hold back
Mortgage default notices - the first step in foreclosure - dropped by 10.3 percent in California last quarter. That's due to loan modifications and banks' unwillingness to dump more homes on the market, say experts.
10.23.09
Did Larry Langford bet Birmingham’s future on Wall Street scheme?
Birmingham Mayor Larry Langford is charged with money laundering and bribery. No-bid bond financing schemes have led to billions of lost taxpayer dollars across the US.
10.23.09
Home sales surge in September; median price dips to $174,900
Lower prices and the federal tax credit for buyers fuel a 9.4 percent rise in home sales.
10.23.09
Stimulus’ big boost to the economy? It already happened.
White House economist Christina Romer said Thursday that the stimulus package's impact on the economy will weaken from here on.
10.22.09
Wall Street pay cuts ordered by Treasury
The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.
10.20.09
Time to fix up your house? The price of materials is rising.
Copper, aluminum, plastic, and other materials are getting more costly. So if you’re going to remodel or build an addition, now might be a good time to do it.
10.20.09
Poverty is up, but how much? Census tells two stories.
Almost 16 percent of Americans lived in poverty last year, according to new data released by the Census Bureau. The numbers were sharply higher than official rates, which reflect different measures.
