Finance & Economics
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Articles concerning trends in the financial industry, including international equities, bonds, and exchanges, and their impact on the global economy. Also covers personal finance topics such as personal retirement. Articles concerning broader retirement initiatives, such as Social Security, are covered in a parallel "Policy" twine.
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How Obama Can Convince Congress to Enact a Larger Stimulus, and Why He MustThe Administration's biggest economic mistake so far was to badly underestimate last January how bad the employment situation would become by Fall. As a result, it low-balled the stimulus -- settling for a plan that, while avoiding even worse job losses, didn't go nearly far enough. Obama has ...
Giorgio Bertini
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24 hours ago
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Mishel on double-digit unemploymentAfter rising for more than two-and-a-half years, the country’s unemployment rate crossed into double-digit territory in October with a jobless rate of 10.2%. This provides another sign of the severity of the current downturn, the very long road we face back to full employment and the urgent need ...
Giorgio Bertini
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24 hours ago
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At 10.2%, October’s unemployment is a wake-up callThough the American Recovery and Reinvestment Act (ARRA) now has GDP growing again, this morning’s Bureau of Labor Statistics’ October employment report found that the jobs situation nevertheless continues to worsen. Unemployment rose dramatically to 10.2% in October, the highest rate since ...
Giorgio Bertini
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24 hours ago
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Let A Hundred Theories Bloom - Joseph Stiglitz et alThe economic and financial crisis has been a telling moment for the economics profession, for it has put many long-standing ideas to the test. If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause ...
Giorgio Bertini
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24 hours ago
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The Great Contraction of 2008-2009A popular view among economic forecasters and market bulls is that “the deeper the recession, the quicker the recovery.” They are right – up to a point: immediately after a normal recession, economies do, indeed, often grow much faster than usual over the ensuing twelve months. Unfortunately, ...
Giorgio Bertini
added
24 hours ago
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Employment Drops More than Expected, Unemployment at 10.2 Percent - Buy and Hold PlusUnemployment climbed to 10.2 percent and payrolls declined by more than expected in October. Payroll cuts were led by the construction, manufacturing, and retail sectors. In what could be seen as a silver lining, temporary workers increased by 44,000, possibly indicating that employers are ...Tony Wang added 36 hours ago
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Good Economic Data Propels Dow Over 10,000 - Buy and Hold PlusStocks rode good news on jobs, productivity, and retail sales to big gains on Thursday. The Dow climbed back above 10,000, with all 30 components showing gains. Cisco was a big gainer after its CEO had positive comments on the economy and the tech sector. Now investors will be waiting for the ...Tony Wang added 45 hours ago
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2Flu shots for Wall Street stirs ire in New York | U.S. | ReutersIf anyone deserves to get sick with Swine Flu it is these pigs that gave the whole world a financial epidemic!JDP added 2 days ago
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2The Fed may crack down further on big Wall Street bonuses - Nov. 5, 2009It's WAY past time ... what it's REALLY time for is some take back of what they stole and some put-up in jail of those thieves!JDP added 2 days ago
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Jobless Claims Drop, Retail Sales and Productivity Climb - Buy and Hold PlusInvestors got a triple shot of good economic news today, with initial unemployment claims lower than expected, productivity gains higher than expected, and retail sales climbing in October. The markets reacted accordingly, climbing in mid-day trading. This data can be added to the rest of the ...Tony Wang added 2 days ago
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Started Jun. 2, 2008
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