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ECONOMIC NEWS
How is the economy treating you? Are you running with the bulls, or getting mauled by a bear?
Bush, in Budget, Seeks Increases Tied to Security
President Bush submitted a $2.4 trillion budget that would substantially increase spending next year for national security and give the administration a claim to reducing the deficit but would also cut or strictly limit money for most domestic programs.
The Real Unemployment Numbers: Out of Work, Out of Sight
A falling unemployment rate may be spurring President Bush's prospects for reelection, but its masking millions of Americans who do not have full time jobs, a newspaper reports.
Ban on U.S. Beef Spreads as British Experts Back Mad Cow Diagnosis
Japan, Mexico and South Korea, the top buyers of US beef, halted imports after the case was disclosed in a huge blow for the $27 billion US cattle industry.
Hunger and Homelessness Increase in U.S.
A report by the U.S. Conference of Mayors found that requests for emergency food assistance rose 17 percent overall from last year in the survey of 25 large cities. Requests for emergency shelter assistance increased by 13 percent, the report showed.
Global Trade Keeps a Billion Children in Poverty, Says UNICEF
International targets to reduce child poverty are going to be missed because globalized trade and cuts to aid budgets are creating an ever-greater chasm between the richest and poorest countries.
U.S. Gross Extenal Debt More Than $6 Trillion
U.S. debt owed to foreign governments, central banks, private banks and other investors topped $6 trillion in the quarter ended June 30, the Treasury Department said.
One Billion Live in Slums
Nearly one billion people - a sixth of the world's population - live in slums, and that number could double by 2030 if developed nations do not start giving the issue serious attention, according to a UN report.
A Missing Statistic: U.S. Jobs That Went Overseas
The job market finally showed some life in September, but not enough to sidetrack a growing debate over why employment has failed to rebound nearly two years after the last recession ended. The debate intrudes increasingly on election politics, but in all the heated back and forth, and essential statistic is missing: the number of jobs that would exist in the United States today if so many had not escaped abroad.
Number of Americans Living in Poverty Increases Again
The official poverty rate rose to 12.1 percent in 2002 form 11.7 percent the year before, bringing to total number of people living below the poverty line to 34.6 million.
The median earned income of the nation's households fell about $500 over the same period, to $42,409.
'Mass Layoffs' Cost 134,000 Jobs in August
More U.S. workers lost their jobs in large layoffs in August, the Bureau of Labor Statistics reported, another sign that employers are continuing to trim payrolls even as the economy strengthens.
Jobs Training 'the Key to Cutting Crime' Helping young offenders to get a job can have a dramatic effect on whether they continue to commit crime, according to a new study.
24/7 Lifestyle Aids Economy but Hurts Health Doctors believe that increasing numbers of illnesses such as heart disease and diabetes are brought on by the stress of living in a world of mobile phones, non-stop air travel and relentless trading across time zones.
Inattention Could Cost You a Bundle Recent allegations of illegal trading practices at some of the nation's biggest mutual fund companies have led investors to question the value of investing in mutual funds. Experts say there are a handful of alternative investment vehicles.
Victimised Middle Class Turning to Crime - Survey Europe's middle classes are turning to crime, committing offences like cheating on taxes in the belief they themselves had been victimised.
Job Losses Mount for 7th Straight Month Despite signs that the economy is picking up speed, the nation's employers slashed payrolls by 93,000 in August as cutbacks hit workers in nearly every industry, from white-collar postitions at finacial service firms to blue-collar jobs at factories, a government report said.
Pawnshop Emerges from the Shadows Pawnbrokers are moving into the financial mainstream, and taking business away from the banks.
Twilight Zone Economics The US economy is growing too fast to meet the classic definition of a recession, but too slowly to meet the usual criteria for economic recovery.
Drinking Is Good for Your Wealth A new study by Scottish researchers has revealed that drinking with co-workers after work smooths the path to promotion and that all-important pay raise.
Productivity Jumps Again as Job Creation Remains Slow The productivity of the nation's workers climbed at an annual rate of 5.7 percent in the second quarter, the government reported, an increase that was good news for corporate profits but that also heightened fears about a jobless economic recovery.
Teenagers Facing Hard Competition for Summer Jobs The percentage of teenagers with summer jobs is at its lowest in 55 years, and the unemployment rate is at its highest in a decade.
Blacks Lose Better Jobs Faster as Middle-Class Work Drops Unemployment among blacks is rising twice as fast as that of whites, and faster than in any downturn since the mid-1970's.
How a Seed-Money Loan of $60 Turned Melanie Pico Into an Entrepreneur Melanie Pico is acting out one of the hottest trends in global finance and development theory. She is a client of a microfinance organization.
Jobless but Not Hopeless A look at certain economic indicators shows significant declines in the rate of job losses - and postive signs of new hiring in growing industries.
Jobless Rate Rises to 6.4 Percent; Highest in More Than 9 Years An economic slump has added nearly a million people to jobless rolls in the past three months.
Picking Workers' Pockets The Bush administration is trying to change the federal Fair Labor Standards Act in a way that could cause millions of workers to lose their right to overtime pay.
You Might Want to Put Your Credit to the Test Online simulators allow consumers to see how making certain financial choices could alter their credit scores.
90% of Young Women Trapped by Debt Nine in every ten women aged between 20 and 30 are in debt, with nearly a quarter owing $25,000 while personal bankruptcies are at their highest level for a decade.
Executive Pay Rises as Markets Tumble Times are tough, but the top brass at some of the biggest companies on the stock market are receiving bumper salaries and tasty bonuses.
A Plan to Recalculate Pensions Corporations could find billions of dollars of pension shortfalls eliminated under a proposal being prepared by two congressmen. - Great! A fancy accounting trick that "makes obligations to retirees look smaller, at least on paper" is just what our economy needs!
War Fears Drive Down Stocks The first quarter ended on a sour note for stocks as concerns that a longer-than-expected conflict in Iraq would slow economic growth.
Fed Leaves Interest Rates Unchanged The Federal Reserve said that uncertainties surrounding a war in Iraq made it too difficult to assess the risks of a new economic slump.
Stocks Rise as Iraq War Seems Inevitable Stocks soared on news that the White House had dropped its "diplomatic efforts" over Iraq, lifting a cloud of uncertainty.
Corporate Gain, Treasury's Loss in Bush Plan The Bush administration's tax proposal on dividends has become more friendly to investors and to some companies that pay no taxes. The effect of the latest changes, if enacted by Congress, would probably be to reduce the government's tax revenue by even more than under the original plan.
Greenspan's Doubts Prod Bush Defense of Tax Cuts "[Mr. Greenspan] ...asserted that the worst of the budget problems would only arise once the current generation of baby boomers began to retire in 2010.... and that the country's longer-range budget problems, caused by a projected surge in Social Security and Medicare spending, would occur 'with or without the president's program.' ... He said that eliminating taxes on most stock dividends would 'almost surely increase the aggregate of economic activity' over the long term and might provide a small immediate boost as well." - I bet you didn't get all that in your 8 second television newsbite, did you?
Bush Proposes Big Round of Tax Cuts to Bolster Economy
Bush to Seek Job Hunt Cash for Unemployed
Bad Times Are Busier Times for Bank Heists
Bush Economy Plan Grows, Democrats Pounce
Bush Drops Monthly Mass Layoff Report
Preaching Against the 'Evil' of Consumerism
More People on Welfare After Years of Decline
Mexico Immigrants Sending More Money Home
White House Aides Push for 50% Cut in Dividend Taxes
Boost Sought for Federal Debt Limit
Investors Eye "Confession" Season
It May Be Time to Plumb Your Pension's Depths
U.S. - Chile Trade Deficit Understated by $900M!
Bush, Over Supply-Side Protests, Picks Wall Street Banker as Economic Adviser
The Jobless Recovery - Thanks fot You, the Economy is Looking Better Already!
Trying to Buy Our Way Out of Trouble
Bank One to Bounce Teller Fees
Deficits Looming, Governors Worry About Antiterror Costs
Bush Shakes Up Economic Team with Ouster of 2 Advisors
Unemployment Rate Unexpectedly Surges to 6 Percent
Middle Class Laboring in Job Hunt; Clubs in Churches and Libraries Offer Help
Former Donors Become Food Bank Clients
US to Seek to Abolish Many Tariffs
Economy Grew at Faster Rate in 3rd Quarter Than First Thought
Finances of U.S. States Called Worst Since World War II
Easy Credit and Hard Times Bring a Flood of Foreclosures
Fed Chief Says He Backs Bush on Tax Cuts
Immigrants Facing Strict New Rules on Cash Sent Home
Fears Increase, but Consumers Keep Spending
Alberta Farmers Jailed Over Wheat Exports
Credit Demand May Lead to Lower Fed Rates
Enron Ushers in Regulatory Activism Era
Socially Conscious Investors Seek Changes
Organic Food Industry Grew Up in a Decade
The 'Organic' Label: Who Wins at the Bank?
The Best States to Run a Small Business
U.S. Payrolls Show Surprise Drop in September
Panel's Report Offers Details on 'Spinning' of New Stocks
Bush Engineering More Free Trade Deals to Increase Corporate Profits
Basic Financial Errors Sparked Mystery of the Missing Numbers
Most Members of Bush's Cabinet are Millionaires
Hostile Collectors Face a Jail Cell - Not Debtors
IMF Proposes Allowing Nations to Declare Bankruptcy
More Homeowners Face Foreclosure
In the Trenches of a War on Unyielding Poverty
Growers and Shoppers Crowd Farmer's Markets
Democrats Stress Economic Vigilance
Refinancing Boom Swamps Lenders
Economy Slows to Beat of War Drums
Number of People Living in Poverty Increases in US
Census: Poverty Rate Rises, Income Falls
Film About Tycoon Reveals Lifestyles of the Rich and Russian
Slump Turns Jobless Argentines Into Scavengers
Massachusetts Initiative to Repeal Income Tax Creates Statewide Buzz
Fix-it Shops Are Few and Far Between
The Causes of Poverty in America
Econony & Economics related links
Economy Watch - Real Time Financial Charts
Comprehensive Annual Financial Reports - the True Budget of Government
Foundation for the Advancement of Monetary Education
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