The French today came out with a proposal to save Greece and the eurozone. French banks, which hold roughly $21 billion in Greek sovereign debt, have agreed to roll over a big chunk of their Greek government bond holdings for 30 years to keep markets happy and avoid a Greek default. But the key to that plan is getting all the other …
These days, it’s hard to get through a week that doesn’t include headlines about a guy getting slammed for saying, doing, or tweeting something dumb about women. The slip-up du jour comes from a New Zealand businessman who claimed women get paid less because they take time off for babies and period pain. Oh yes he did.
Alasdair …
If you’re wondering why you can’t find a job, don’t blame your underwater mortgage.
That’s the finding of a new study by economists Colleen Donovan and Calvin Schnure, which attempts to get at the roots of our stubborn joblessness problem. There are a lot of economists speculating that homeowners who can’t afford to pay off their …
The Greek government survived its no confidence vote in parliament, and the world is breathing a mini sigh of relief. So where does that leave the Greeks, and what are the next best steps?
According to Greek politicians, the name of the game is bailouts, and Greece is desperate for another one. To get that squared away, its parliament …
Remember the days when one catch phrase could sum up our entire economy? In the 1970s, it was “stagflation,” the idea that inflation could be high even when economic growth was low. In the early 90s, the “jobless recovery,” a term coined during Bill Clinton’s presidential campaign, referred to the lingering recession that …
They say heartbreak is optimism’s best cure. Not so in this economy. After a slew of painful economic data out over the past few weeks, it’s hard to find an economist who isn’t annoyingly upbeat.
Take the latest Wall Street Journal economic forecasting survey: Economists put the chances of a double-dip recession in the next year …
Americans bought less stuff in May, but more than most people thought. That’s left markets perky, but we’re not in the clear yet.
The Commerce Department reported U.S. retail sales fell last month by 0.2%, their first drop in almost a year after ticking up 0.3% in April. The good news is the drop wasn’t as bad as economists predicted, …
Here we go again. The Obama administration is itching to woo back its highest rolling donors for its 2012 re-election bid, according to a piece out by the New York Times. Indeed, campaign season is inspiring a much softer tone with Wall Street, after Obama’s many months of harping on the private sector for making our jobs and deficit …
To double dip or not to double dip. That’s the question flowing from Wall Street to Main Street to the White House and back. But whether you classify what’s happening to our economy as another “dip” or not, the pain of it all won’t be short-lived.
That’s the essence of this week’s cover story by Rana Foroohar. By parsing out five …
May’s troubling jobs numbers threw the Obama administration under the bus. With unemployment now at 9.1%, the country is antsier about getting solutions to our jobs problem, and getting them fast.
59% of Americans gave the president a thumbs down for his handling of the economy in the latest Washington Post-ABC poll out Wednesday, up …
The quip “don’t quit your day job” isn’t the insult it used to be. In this economy, it’s the key to staying afloat.
Not only is joblessness on the rise again, according to Friday’s jobs numbers, which showed May unemployment ticked up to 9.1%. But the longer you’re out of work, the harder it is to get back in. Roughly 45% of …
Surprise, surprise. Fed Chair Ben Bernanke’s much-awaited speech today at the Atlanta conference didn’t really say much. Markets tumbled on fallen hopes that he’d offer the sputtering recovery yet another bond-buying boost.
There was no grand announcement of QE3, another round of the monetary stimulus that’s been keeping markets afloat. …
