Economy HEADLINES
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Published April 24th, 2013 - 4:35PM
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.
Published April 24th, 2013 - 1:53PM
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.
Published April 24th, 2013 - 1:53PM
As the spring home-buying season gets under way, bidding wars are breaking out on Sacramento's tree-lined streets.
Published April 24th, 2013 - 1:53PM
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.
Published April 24th, 2013 - 1:35PM
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.
Published April 11th, 2013 - 1:44PM
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.
Published April 5th, 2013 - 2:19PM
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.
Published March 28th, 2013 - 4:28PM
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.
Published March 20th, 2013 - 4:01PM
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.
Published March 20th, 2013 - 1:33PM
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.
Published March 8th, 2013 - 2:05PM
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.
Published March 8th, 2013 - 1:21PM
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.
Published March 8th, 2013 - 1:20PM
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.
Published February 21st, 2013 - 2:42PM
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.
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