Economic Money News

Here are some hot feeds about the economy and how you can make the best of it for you and your bank account!


Economy
RSS feed search results for Economy

02/06/2012 07:58 AM
Obama Team Chipper As Economy Rebounds

Source: www.foxnews.com --- Monday, February 06, 2012
POWER PLAY: President says he deserves second term amid economic upswing, while GOPers hunt for votes OPINION: Has Obama Convinced US to Settle for a Poor Economy? States Sell Voter Emails to Campaigns Hoekstra Super Bowl Ad Raises Sensitivity Question ...


02/06/2012 06:10 AM
Kristian Ramos: The President's Vision for Our Next Economy, Hispanics, and Broadband

Source: www.huffingtonpost.com --- Monday, February 06, 2012
As Americans continue to struggle with high unemployment and underemployment at record levels, President Barack Obama has made building a stronger Economy , a central theme in his re-election campaign. This should resonate with all American's in these trying economic times. The country needs an Economy built on American innovation, increased development of workers skills and a renewed investment in our education system. In this context, though not often discussed, an increased engagement in broadband access and the Hispanic community would help accomplish the goals laid out by the President for the country as a whole. Hispanics are in grave need of greater investment in educational and employment skill building that the President has outlined as a way to help grow the countries Economy. Demographic trends show that Hispanics will will comprise increasing numbers and proportion of the U.S. labor force now and in the future. An investment in them is an investment in our country. Hispanics have an abysmal 62.6 % graduation rate from high school and currently suffer from a whopping 10.6% unemployment rate . Hispanics also have broadband access issues and have been hit overwhelmingly hard by the current economic down turn. While broadband access and education are by no means a silver bullet for the huge problems facing this community, it is worth discussing how an investment in of educating and elevating the attainment Hispanics who w ...


02/06/2012 06:00 AM
washingtonpost: The economy added 243,000 jobs in January, a third of them were in Madonna's halftime show -- @JoelAchenbach http://t.co/fbgjNl6x

Source: twitter.com --- Monday, February 06, 2012
washingtonpost: The Economy added 243,000 jobs in January, a third of them were in Madonna's halftime show -- @JoelAchenbach http://t.co/fbgjNl6x ...


02/06/2012 05:52 AM
KaufmanRossin: Increased minimum wage rates may be on the horizon this year http://t.co/9M3MA8Ad via @USAToday #economy

Source: twitter.com --- Monday, February 06, 2012
KaufmanRossin: Increased minimum wage rates may be on the horizon this year http://t.co/9M3MA8Ad via @USAToday #Economy ...


02/06/2012 05:43 AM
Obama gains over Romney amid better economy: poll

Source: www.reuters.com --- Monday, February 06, 2012
WASHINGTON (Reuters) - President Barack Obama - bolstered by a stronger economic outlook and recent job growth - would win in a match-up against the two leading Republican presidential candidates Mitt Romney and Newt Gingrich, a poll on Monday showed. ...


02/06/2012 05:20 AM
Economy Watch: January Jobs Jump Broad-Based

Source: www.cpexecutive.com --- Monday, February 06, 2012
February 6, 2012 By Dees Stribling, Contributing Editor Image courtesy Flickr user j burkhalter The U.S. Economy not only added 243,000 jobs in January, which was a surprise to the dismal scientists expecting something more even more dismal, but the growth turned out to be broad-based, which was something of a surprise as well. Professional and business services added 70,000 jobs during the first month of the year, while employment in leisure and hospitality increased by 44,000, and the (almost) always-growing healthcare sector added 31,000 jobs. Manufacturers added 50,000 jobs and retailers added 19,000. It’s also worth noting that the Bureau of Labor Statistics revised November and December 2011 employment totals upward: November from an anemic 100,000 to a somewhat healthy 157,000, and December up a little from 200,000 to 203,000. All of these additions to the jobs total in January were in the private sector. Government employment, which has been on a persistent downward trajectory recently–down 276,000 jobs in the last 12 months–didn’t budge much one way or the other in January 2012. Of course, January marks only the second reasonably strong employment month in row. A good many more months like this are still necessary to add up to a jobs recovery. Also, the BLS reported that the number of people employed part time for economic reasons — that is, those who want a full-time job but who can’t find one — is 8.2 million, changed ...


02/06/2012 05:14 AM
World News: Analysis: Iran economy could limp along under sanctions

Source: www.isavesmart.com --- Monday, February 06, 2012
DUBAI (Reuters) - Tightening international sanctions against Iran look set to shrink its Economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions. Few areas of Iran's Economy now remain untouched by the sanctions. Because of payments difficulties, Iranian ships have in recent days stopped loading imports of Ukrainian grain. The United Arab Emirates has told its banks to stop financing Iran's trade with Dubai. Iranians are finding it more difficult to obtain hard currency to travel abroad. ... Get Full Details From News Source ...


02/06/2012 05:08 AM
VOICESWomen: Sad #fail RT @RachelSB Via Gallup: No state is feeling optimistic about the economy but MN less pessimistic than most http://t.co/w3MBAmyh

Source: twitter.com --- Monday, February 06, 2012
VOICESWomen: Sad #fail RT @RachelSB Via Gallup: No state is feeling optimistic about the Economy but MN less pessimistic than most http://t.co/w3MBAmyh ...


02/06/2012 05:00 AM
Stopping the 'brain drain' of the U.S. economy

Source: www.scpr.org --- Monday, February 06, 2012
Recent surveys show that a large percentage of graduates from the nation's top schools are taking jobs in consulting or financial sector. Credit: Mary Altaffer/AP Yale University student Marina Keegan received an email last May from Bridgewater Associates, one of the world's largest hedge funds, offering her $100 if she said why she didn't apply for a summer internship. Keegan, an English major, decided to take Bridgewater up on its offer. "It was only sort of once I was inside the room when I realized ... maybe I'm helping them perfect their recruiting machine, which is exactly what we were doing," Keegan tells weekends on All Things Considered host Guy Raz. Bridgewater confirmed that it does hold these focus groups. It's a small but telling window into the way big banks and consulting companies recruit at top-tier schools. Ever since she got to Yale, Keegan was bombarded with emails from banks, consulting firms and hedge funds, begging her to consider working for them; same with her friends. At some Ivy League schools last year, up to half of the graduates went into finance or consulting, a move that could have a profound effect on the Economy in the years to come. Shortly after Keegan went to the Bridgewater focus group, she wrote about it in a Yale student magazine. She found out that a quarter of her classmates were heading into banking and consulting. She was surprised and even a little angry. A Campus Backlash Craig LeMoul ...


02/06/2012 04:28 AM
Indonesian Economy Grows 6.5% In 2011, Most Since Asian Crisis

Source: www.foxbusiness.com --- Monday, February 06, 2012
--Indonesia Economy grew 6.5% on-year in the fourth quarter thanks to its vast domestic market ...


02/06/2012 04:22 AM
GOP12: Obama nips Romney on the economy and leads him by 20% on foreign policy. http://t.co/GfgP0yIq

Source: twitter.com --- Monday, February 06, 2012
GOP12: Obama nips Romney on the Economy and leads him by 20% on foreign policy. http://t.co/GfgP0yIq ...


02/06/2012 03:50 AM
Obama: I Deserve a Second Term Even If the Economy Slumps

Source: www.thegatewaypundit.com --- Monday, February 06, 2012
Of course he does. Because he’s Mr. Wonderful… And he’s not through destroying the Economy yet. The New York Daily Mail reported: PRESIDENT OBAMA said Sunday that he had earned another four years in the White House — even if the U.S. Economy is still on the mend. “I deserve a second term, but we’re not done,” the President told NBC’s Matt Lauer in a pre-Super Bowl interview. Three years ago, and only 10 days into his presidency, Obama talked to Lauer about the state of the Economy and said, “If I don’t have this done in three years, then it’s going to be a one-term proposition.” When the “Today” show host reminded him of that statement and asked whether he should be reelected, Obama didn’t hesitate on Sunday. “Look, when you and I sat down, we were losing 750,000 jobs a month,” the President said. “Now we’re creating 250,000. We created 3.7 million jobs over the last 23 months. We created the most jobs since 2005 . . . but we’re not finished.” ...


02/06/2012 03:35 AM
HTC profits down 26% as weak global economy hits sales

Source: www.metro.co.uk --- Monday, February 06, 2012
HTC saw a 26 per cent slump in profits in the final quarter of last year as a combination of a weak global Economy and tougher competition from rival smartphone makers took its toll. ...


02/06/2012 03:09 AM
There's A Huge New Poll For Obama And The Economy

Source: www.businessinsider.com --- Monday, February 06, 2012
Great news for Obama and the Economy from a new ABC/WaPo poll : Fifty percent of Americans in this new ABC News/Washington Post poll approve of Obama's job performance, the most since spring. Fifty percent say he deserves re-election, better than Bill Clinton at the start of his re-election year and as good as George W. Bush a month before he won a second term. And Obama now leads Romney among registered voters by a slight 51-45 percent, the first time either has cracked 50 percent in a series of matchups since spring. Two chief factors are at play. One is the Economy's gradual but unmistakable improvement, marked by the newly reported January unemployment rate of 8.3 percent, the lowest since a month after Obama took office. The president's approval rating on handling the Economy, while just 44 percent, is its best in 13 months. Right now there's clearly a positive cycle of developments for Obama, between the economic news and the stock market, and they're combining to produce good vibes for him right now. But as we pointed out on Friday , since Obama's approval is so closely tied to the market, there's a pretty big opportunity for the market to torpedo him before November. Please follow Politics on Twitter and Facebook . Join the conversation about this story » See Also: You Guessed Right: Obama's Biggest Donors Are From Hollywood And The Media Why This Picture Of Obama And His Dog Was The Most Potent Political Image Of The Day ...


02/06/2012 03:08 AM
How on earth does cutting spending stimulate the economy in the short term?

Source: www.lovefinanceinfo.com --- Monday, February 06, 2012
by href=”http://www.flickr.com/photos/57353482@N00/5342000428″> ekonon Question by : How on earth does cutting spending stimulate the Economy in the short term Unemployment will rise because businesses will lose money from the poor (social security cuts). I also think that businesses are less likely to hire people, because without an economic stimulus, they may never see any signs of the American Economy ever getting better.Well if massive cuts do not work and stimulus does not work, then we are basically screwed. I seriously doubt the American Economy is going to fix itself. Best answer: Answer by Fizzy Bubbler Can not Be Stopped! It will not help. They do not want to make cuts and they probably are not actually going to either. The problem is not enough revenue. What do you think? Answer below! ...


02/06/2012 03:07 AM
Federal Reserve report projects Illinois economy will outperform Wisconsin and Indiana

Source: capitolfax.com --- Monday, February 06, 2012
* On Friday, the Federal Reserve Bank of Philadelphia released a six-month forecast of state economic conditions. If the forecast is correct, Illinois will out-perform both Indiana and Wisconsin… Explanation… The models include the state’s related coincident index and variables that lead the Economy: state-level housing permits (1 to 4 units), state initial unemployment insurance claims, [...] ...


02/06/2012 03:00 AM
BRAZIL OVERTAKES BRITAIN AS WORLD’S SIXTH-LARGEST ECONOMY

Source: www.inbonafide.com --- Monday, February 06, 2012
There’s no England anymore. (HT: Commonwealth Contrarian ) ...


02/06/2012 03:00 AM
Gov. Bob McDonnell: Economy is Recovering Because of What Republican Governors Are Doing, Not the President

Source: videocafe.crooksandliars.com --- Monday, February 06, 2012
Click here to view this media From this Sunday's State of the Union, while discussing whether President Obama's reelection prospects might hinge on the Economy improving or not, Virginia's wingnut Gov. Bob McDonnell decided to throw out here what TPM's Sahil Kapur thinks might be a trial balloon in case the Economy continues to improve; it's Republican governors that deserve credit for the recovery, not Obama : Virginia Governor and Mitt Romney surrogate Bob McDonnell (R) on Sunday floated what may turn into a Republican talking point if the Economy continues to improve: It wasn’t President Obama who made it happen, it was the GOP governors. “Look, I’m glad the Economy is starting to recover, but I think it’s because of what Republican governors are doing in their states, not because of the president,” McDonnell said on CNN’s “State of the Union.” [...] The intricacy of McDonnell’s argument is noteworthy: He didn’t say jobs are created on the state level, as opposed to the federal level. He said the improvements happened because of Republican governors. That’s a difficult argument to make when the recovery is taking hold across the country, even in states with Democratic governors. It’s also problematic because Republicans have been eager to give Obama ownership of the Economy. But McDonnell’s trial balloon suggests that if the economic indicators continue to tick upward, the 2012 elections could shift from a battle over who’s to ...


02/06/2012 03:00 AM
Dubai FDI brings AED3.44bn into economy

Source: www.menafn.com --- Monday, February 06, 2012
(MENAFN - Arab News) Dubai FDI, the foreign investment office in the Department of Economic Development in Dubai, succeeded in attracting and promoting 77 companies in the emirate during 2011. ... ...


02/06/2012 02:41 AM
wisbechstandard: Work set to start in July on £830,000 marina at Sutton Bridge that will bring jobs and boost local economy http://t.co/XLHX6TCk

Source: twitter.com --- Monday, February 06, 2012
wisbechstandard: Work set to start in July on £830,000 marina at Sutton Bridge that will bring jobs and boost local Economy http://t.co/XLHX6TCk ...



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