World News Center
Orszag: Extend Bush tax cuts for 2 years
September 7, 2010Peter Orszag, who recently stepped down as President Obama's budget director, called for a two-year extension of the Bush tax cuts in an article he wrote in the New York Times on Tuesday.
Obama to introduce another business tax cut
September 7, 2010In another move aimed at stabilizing the still-shaky economy, President Barack Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official.
4 surprise bright spots in the economy
September 7, 2010Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery.
Manufacturing (ISM)
September 7, 2010Oct. 1
81% rate U.S. economy as 'poor' - CNN poll
September 7, 2010A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.
Obama's economy boost - just don't call it stimulus
September 7, 2010President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.
Where the jobs are now, and where they'll be next
September 7, 2010U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.
Signs of life in the job market
September 7, 2010Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs.
Should US government debt be rated junk?
September 7, 2010A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least.
How trader Dick morphed into banker CEO Dick Fuld
September 7, 2010The rumors persisted of Lehman Brothers' being taken over again, and it was against such a background that Dick devised his pièce de résistance.
