It’s time for new housing market stimulus. But how? Home sales fell 3.8% in May. That might not sound like a big drop in sales. After all, real estate is double dipping. But for this time of year, it’s big. May and June are …
Time for more housing stimulus. The question is how.
According to numbers released today by the National Association of Realtors, home sales fell 3.8% in May. They were down 15% from a year ago. Home prices were down as well, 5% lower than a year ago. And while 4% might not sound like a big drop for sales, for this time of year it is. …
Remember when we used to talk about a V-shaped recovery. Yeah not so much. A new economic report commissioned by the U.S. Conference of Mayors, which is meeting this week, predicts that at least 50 metro areas, or about one-in-seven cities, in this country won’t see a return to pre-recession employment levels until 2020. Among the …
UPDATED 4:06PM 6/17/11
When it comes to solving America’s debt “problem,” what we usually hear about is spending cuts or tax increases. Few talk about cutting Social Security. The program is wildly popular. It’s also a huge contributor to the nation’s debt problem. That’s why today’s news, via the Wall Street Journal, that the AARP …
Today’s report on inflation is sure to cause some long faces among economy worrywarts. It should instead draw smiles.
Today’s report on inflation is sure to cause some long faces among economy worrywarts. It should instead draw smiles.
The Federal Reserve’s favorite measure of inflation showed that prices rose faster in May than they have in three years. Overall, the consumer price index indicated that U.S. households are spending 3.6% more to buy …
Stock and accounting fraud are nothing new. And yes, we have plenty of home-grown frauds. (Remember Enron?) But so far this year, the vast majority of stock fraud seems to be coming to American investors by way of China.
Chinese software company Longtop Financial Technologies did everything it could to make U.S. stock buyers believe it was a safe investment. Perhaps it was doing too much.
The company regularly reported income that was slightly higher than what executives had predicted the company would earn months earlier. On its balance sheet, …
Earlier this week, talking to a group of bankers, Fed Chairman Ben Bernanke said essentially there was good news and bad news about the economy. The bad news was that the economic recovery had been slower than he and others expected. The good news: that’s about end. Bernanke predicted economic growth will pick up. The second half of the …
In the past few weeks, with a growing number of bad economic reports – including last month’s disappointing jobs number – there has been increasing talk of the possibility of a so-called double-dip recession. That’s when the economy slips back into a recession while still trying to recover from the last one. Indeed, Ben Bernanke’s talk …
The economy, it appears, is hurting your child’s ability to do algebra.
A study published this week by the National Bureau of Economic Research found that higher rates of unemployment tend to lead to lower student test scores. And it’s not just kids whose parents have lost their jobs, but all kids. The study by a group of Duke …
