RSSCategory: The Economy

Senate Republicans Put Together Their Own Jobs Plan

Senate Republicans Put Together Their Own Jobs Plan

Rather than support President Obama, Senate Republicans have decided to create their own ‘Jobs Plan.’ The plan is basically a repackaged version of conservatives’ ideal agenda, featuring Republican staples like tax reform, a balanced budget amendment, regulatory overhaul, expedited energy drilling, and, the repealing of Obamacare. The bill draws on past proposals from lawmakers on [...]

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Oil speculation could be adding $600 to your gas bill

Oil speculation could be adding $600 to your gas bill

A consumer group predicts market speculation will cost U.S. households more than ever in 2011 and the drain on household incomes will increase unless government steps in. “Speculation will add $600 to the average household expenditures on gasoline in 2011,” a report released Thursday by the Consumer Federation of America said, “resulting in the highest [...]

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Will There Be Another Round of QE in 2012?

Will There Be Another Round of QE in 2012?

I was just reading a bit about the possibility, or lack thereof, regarding a QE3 in early 2012. Dennis Gartman, author of “The Gartman Letter” doesn’t see it happening and even if it does, there’s some question as to the effectiveness of the tactic in the first place. Gartman states, “The money is created, for [...]

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Why Americans Hate Economics

Why Americans Hate Economics

In university classrooms—and especially the Obama White House—fancy theories of macroeconomics defy basic common sense. By STEPHEN MOORE Wall Street Journal Christina Romer, the University of California at Berkeley economics professor and President Obama’s first chief economist, once relayed the old joke that “there are two kinds of students: those who hate economics and those who really [...]

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A Thriving Growth Area in a Weak Economy: Hair

A Thriving Growth Area in a Weak Economy: Hair

By SABRINA TAVERNISE @ New York Times In low-slung suburban strip malls, nestled among fast-food restaurants and auto supply stores, hair salons are sprouting like mushrooms. The Census Bureau recently noted their jump in an otherwise glum report about mom-and-pop businesses, stating that the number of hairdressers and barbers and the shops they work in grew by [...]

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Second Recession in U.S. Could Be Worse Than First

Second Recession in U.S. Could Be Worse Than First

By CATHERINE RAMPELL @ New York Times If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around. Given the tumult of the Great Recession, this may be hard to believe. But the economy is much weaker than it was at the outset [...]

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To Boost the Economy, Help the Self-Employed

To Boost the Economy, Help the Self-Employed

Freelancers, contractors, and consultants are essential to the economy. It’s time to repeal outdated regulations that hold them back Noelle Stary’s three-year-old marketing consultancy will see revenue of nearly $100,000 this year, yet she’s worried about the company’s survival. Stary works from a shared office in central New Jersey where she faces typical startup hurdles [...]

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