NewsRack: newstrust/US-Economy/Recession

Analysts say French president's plan to boost economy, attract jobs is misguided - Star Tribune: World

Mon, 20 May 2013 18:30:00 GMT

Does France have right plan to revive its economy? - Boston Globe: Technology

Mon, 20 May 2013 18:30:00 GMT

Does France have right plan to revive its economy?

Does France have right plan to revive its economy? - AP Business

By SARAH DiLORENZO — Mon, 20 May 2013 18:30:00 GMT

PARIS (AP) -- The man charged with reviving France's shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite....

Average credit card debt, late payments fall in 1Q - AP Business

By ALEX VEIGA — Mon, 20 May 2013 18:30:00 GMT

LOS ANGELES (AP) -- Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt....

Average credit card debt, late payments fall in 1Q - Twincities.com: Nation

By ALEX VEIGA AP Business Writer — Mon, 20 May 2013 18:30:00 GMT

LOS ANGELES—Americans got better about paying their credit card debt on time in the first three months of the year, a period when many

TransUnion: Late-payment rate on US credit cards fell in 1Q as borrowers tackled holiday debt - Star Tribune: Nation

Mon, 20 May 2013 18:30:00 GMT

The Courage to Put Yourself on the Line - Crooks Liars

Mike Lux — Mon, 20 May 2013 18:30:00 GMT

On Monday, May 20th, hundreds of homeowners facing foreclosure and housing rights activists from across the country will rally outside of the United States Department of Justice to demand Attorney General Holder hold the Wall Street Banks that ravaged America’s economy accountable. Dozens of struggling homeowners are prepared to risk arrest in non-violent civil disobedience or set up an ongoing occupation outside the Department of Justice until demands for Wall Street accountability and relief for their communities are addressed. Demonstrators today are using their bodies to send a message to Eric Holder that it is time to stop shielding the big Wall Street banks from prosecution. Hundreds of homeowners who have been playing by the rules while the big banks have cheated them are risking arrest at the Department of Justice to make an unmistakable statement: it is about time for the government to side with poor and middle class folks who the bankers have screwed rather than those banks who have ...

Letters: Sunday Dialogue: An Economy in Transition - International Herald Tribune: Editorials

Thu, 16 May 2013 18:30:00 GMT

Letters: Sunday Dialogue: An Economy in Transition

Small Talk: Retiring boomers driving sales of small businesses - Salt Lake Tribune

Fri, 17 May 2013 18:30:00 GMT

by Joyce M. Rosenberg The Associated Press Published May 18, 2013 01:01AM MDT Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions. In the first three months of this year, the number of sales that closed jumped 56 percent from the same time in 2012, according to BizBuySell.com, an online marketplace for small businesses. Retirement was the No. 1 contributor to business sales in the fourth quarter of last year and th... ...

Economics Daily Digest: It's Gatsby's world, they're just working in it - Daily Kos

rss@dailykos.com (Roosevelt Institute) — Thu, 16 May 2013 18:30:00 GMT

By Tim Price, originally published on Next New Deal Click here to receive the Daily Digest via e-mail. Gatsby and the McJobs Rebellion ( KC Star ) Roosevelt Institute Fellow Dorian Warren notes that the new adaptation of The Great Gatsby is timed nicely with fast food and retail workers' push for fairer wages. The story of unbridled greed keeps being retold, but this time they plan to write their own ending. Millennials reject 'lazy, entitled' label: 'Who are they talking about?' ( Today ) Roosevelt Institute | Pipeline Fellow Nona Willis Aronowitz writes that while pundits sneer at Millennials, members of the generation that came of age during the Great Recession are too busy working to improve the bad hand they've been dealt to have time for haters. 84 Percent of NYC Fast Food Workers Report Wage Theft in a New Survey ( The Nation ) Josh Eidelson highlights a new report that finds many fast food restaurants are pulling a fast one on their workers, who are forced to ...

Bay Area adds 2,600 jobs in April, reaching its highest job totals since fall 2008 - San Jose Mercury News: Business

Fri, 17 May 2013 18:30:00 GMT

The job gains were led by the San Francisco-San Mateo-Marin region, which added 2,600 jobs and the East Bay, which gained 1,300; the South Bay suffered an employment setback, losing 1,800 jobs

Salacious and Sober Collide, Illustrating Hurdles for Italy’s Government - NYT > World

By RACHEL DONADIO — Fri, 17 May 2013 18:30:00 GMT

Salacious and Sober Collide, Illustrating Hurdles for Italy’s Government

California Gov. Jerry Brown low-balled tax revenues by $3.2 billion, independent budget analyst says - San Jose Mercury News: Breaking News

Fri, 17 May 2013 18:30:00 GMT

The state's independent budget analyst said Friday that California will take in $3.2 billion more than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and setting up a spending showdown with the administration.

As Utah’s star rises after 2 recessions, lessons linger - Salt Lake Tribune

Fri, 17 May 2013 18:30:00 GMT

by Paul Beebe The Salt Lake Tribune Published May 17, 2013 04:58PM MDT With few exceptions, the pattern of jobs distributed across Utah is largely unchanged after two recessions since the turn of the new century. That underscores not only the unusual diversity of the state’s economy, but it increases the likelihood employment in the state will grow faster than in the U.S. for some time. It’s true the Great Recession gave construction a good drubbing , manufacturing employment ebbed and flowed between 2000 and 2012, and the information sector seems in permanent decl... ...

Obama: 'Our focus cannot drift' from jobs, economy - Boston Globe: Latest

Fri, 17 May 2013 18:30:00 GMT

Obama: 'Our focus cannot drift' from jobs, economy

European Commission predicts Greek recession to end in 2014 but unemployment to stay high - Star Tribune: World

Thu, 16 May 2013 18:30:00 GMT

Obama focuses on job creation in Baltimore visit - Boston Globe: Latest

Thu, 16 May 2013 18:30:00 GMT

Obama focuses on job creation in Baltimore visit

Obama focusing on job creation in Baltimore visit - Boston Globe: Latest

Thu, 16 May 2013 18:30:00 GMT

Obama focusing on job creation in Baltimore visit

IMF says Cyprus at risk of even deeper recession - AP Business

By MARJORIE OLSTER — Thu, 16 May 2013 18:30:00 GMT

WASHINGTON (AP) -- The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default....

Soft patch for Mass. economy as job growth slows - Boston Globe: Technology

Thu, 16 May 2013 18:30:00 GMT

Soft patch for Mass. economy as job growth slows

EU Commission sees Greek recovery but few jobs - Boston Globe: Latest

Thu, 16 May 2013 18:30:00 GMT

EU Commission sees Greek recovery but few jobs

First-time jobless claims soar to 360,000 - Daily Kos

rss@dailykos.com (Meteor Blades) — Wed, 15 May 2013 18:30:00 GMT

The four-week running average, a better measure that flattens volatility in the weekly numbers, rose slightly to 339,250. It will take another few weeks' worth of reports to determine whether this is just a one-week fluke in numbers that have been mostly trending down this year or the first indications that the federal budget sequester is starting to have the impact many experts have predicted. The Congressional Budget Office has calculated a possible loss from the sequester of 750,000 jobs this year. Other analysts say more like 300,000. Labor Department analysts say they could find no links to the sequester associated with the increase in claims. During the best 12 months of the Clinton administration, first-time claims averaged about 280,000 a week. Total claims in both state and federally funded unemployment benefits continued their downward slide, dropping for the week ending April 27 to 4,843,806, a decrease of 30,720 from the previous week. For the comparable week of 2012, there ...

Economics Daily Digest: Thirty-seventh time's the charm - Daily Kos

rss@dailykos.com (Roosevelt Institute) — Wed, 15 May 2013 18:30:00 GMT

By Tim Price, originally published on Next New Deal Click here to receive the Daily Digest via e-mail. Four Better Ways to Spend the $55 Million Wasted on Votes to Repeal the Affordable Care Act ( Think Progress ) House Republicans will vote to repeal Obamacare for the 37th time today because they still haven't found a genie to grant their wish, but Bryce Covert and Adam Peck write that instead of paying them to pretend to work, we could pay for things we actually need. Sequestration Cuts Taking Money Out of People's Unemployment Checks ( HuffPo ) Arthur Delaney notes that 2 million long-term unemployed are seeing their benefits cut as a consequence of the sequester. Now that money can be put toward reducing the already rapidly shrinking federal deficit instead of being wasted on, say, a family's dinner. The global epidemic of underemployed youth ( Reuters ) Shane Ferro highlights a report from the International Labor Organization that finds fewer than 20 percent of young ...

News Analysis: Japan Courts Growth While Europe Keeps Up Austerity - NY Times: World

By NICHOLAS KULISH — Thu, 16 May 2013 18:30:00 GMT

Japan’s economy has posted an unexpectedly robust growth rate, but economists said Europe, particularly Germany under Chancellor Angela Merkel, was not willing to learn from Tokyo.

In France, a Beleaguered President Defends His Tenure - NYT > World

By NICOLA CLARK — Thu, 16 May 2013 18:30:00 GMT

In France, a Beleaguered President Defends His Tenure