While speaking in Michigan, Mitt Romney was asked a quest that may have caught him off guard. “If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy.” New York Times writer, Paul Krugman say “A-ha, so cutting government spending hurts growth, other things […]
The great recession hasn’t been great for free trade. As unemployment has risen throughout the world, governments have become more focused on protecting their own industries than on promoting international commerce
We are all Keynesians now.
Fed’s $2 trillion may buy little improvement in jobs For $2 trillion, Federal Reserve Chairman Ben S. Bernanke may buy little improvement in growth, employment or inflation over the next two years. Firms with large-scale models of the U.S. economy such as IHS Global Insight, Moody’s Analytics Inc. and Macroeconomic Advisers LLC project only a […]
China’s economic growth surges but inflation low China’s economic growth surged to 11.9% in the first quarter, possibly giving Beijing room to allow its currency to rise, but analysts warned it faces growing pressure to cut back stimulus and keep the world’s third-largest economy from overheating. The strong performance reported Thursday might allow a loosening […]
As we reach the end of a miserable 2009, signs continue to mount across the globe that the world economy is stirring back to life. The U.S.
Miami’s poorer residents have long complained that the city’s meager public-transit system makes it harder for them to get to work. So when the Obama Administration announced the $787 billion stimulus plan earlier this year, many hoped some of that money would help fund plans like an expansion of Miami’s undersized Metrorail system especially a 10-mile northern extension that would reach into predominantly African-American and other minority communities largely cut off from downtown and other employment centers
After Wall Street stabilized last spring, it didn’t take long for the economy to become a political afterthought to the major battle of the year in Washington: health-care reform. But last Tuesday’s off-year election broke D.C.’s political trance like a brick through plate glass
White House senior adviser Valerie Jarrett was adamant Sunday, when asked if President Obama was considering a so-called “second stimulus” to deal with the rising unemployment rate. “I think it’s too soon, it’s premature to say is a second stimulus needed,” she told David Gregory, the host of NBC’s Meet the Press
Finland has become the first country in the world to declare broadband Internet access a legal right. Starting in July, telecommunication companies in the northern European nation will be required to provide all 5.2 million citizens with Internet connection that runs at speeds of at least 1 megabit per second