Seemingly intractable long-term unemployment has become a national emergency that requires new and creative steps if it’s to be reversed before it does permanent damage, several high-profile economists warned Congress on Wednesday.
A year ago, a $25 billion settlement ordered banks to do a better job helping troubled homeowners, and to end the stories of borrowers trapped in a confusing web of mortgage negotiations leading to foreclosure.
As the spring home-buying season gets under way, bidding wars are breaking out on Sacramento's tree-lined streets.
Bank of America’s CEO, in an interview that aired Tuesday with public television’s Charlie Rose, praised the federal regulations that have been rolled out in the wake of the financial crisis and said banks must be run better in the future.
As part of a new push to broaden the way economic growth is measured, government statisticians will soon begin using a new accounting method that’s likely to spotlight the problem of underfunded pension funds, particularly those managed by state and local governments across the nation.
Buried deep in the Obama administration’s four-volume budget released this week are long-term economic projections that underscore what could be steep costs for failing to get the nation’s finances in order.
A disappointing March jobs report Friday, marked by a sharp slowdown in hiring and shrinking labor force participation, triggered new debate over the strength of the U.S. economic recovery.
The conventional wisdom is that financial troubles in Cyprus have little bearing on the health of American banks and the U.S. financial system. That view may prove optimistic if problems in Cyprus spread to its neighbors.
The Federal Reserve upped its forecast for the U.S. labor market Wednesday, but Chairman Ben Bernanke cautioned that ongoing political battles over federal spending are creating headwinds and led the central bank to revise its forecast and project slower growth.
Republicans like to say that federal spending is “crowding out” investment by the private sector. That’s scary sounding, but it isn’t actually happening.
The stronger-than-expected gain of 236,000 jobs and a four-year-low unemployment rate of 7.7 percent suggested an accelerating economy Friday. The question is whether politicians will ram a stick into the spokes of growth.
Blessings in a Backpack began with two schools in 2005 and now serves nearly 62,000 students in 437 schools in 42 states and three other countries - Canada, Colombia and Haiti. Britta and her husband, Jeff Foster, began the program at Woodrow Elementary in Modesto, Calif., when the school year started in August.
Bank of America CEO Brian Moynihan’s stock bonus nearly doubled this year, to $11 million, reflecting a steep share price rise and the board’s apparent confidence in Moynihan’s progress on the bank’s legal issues and capital position.
Economists warn that the $85 billion in across-the-board cuts in federal spending set to start taking effect March 1 would stunt growth and slow hiring. Less clear is how long it would take to feel the benefits from the tough-love approach.
Online member cbairey from Life on the Cheap forum: "You CAN garden in an apartment. Hanging planters also work well for green beans, cukes, tomato.greens etc. Or you can plant right into the bag for easy moving about and keeps decks clean, even inside in a sunny window."
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