Wall Street may be roaring again and manufacturers see a bright future selling their wares in Asia. But for many Americans, it's still a downturn until the jobs come back. This week, earnings from several companies with deep ties to corporate payrolls, consumer demand and the labor market will show whether employers are hiring, firing or holding off on filling vacancies. This recession has already seen more than 7 million lost jobs. That's because shoppers slowed their spending, bank le
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This holiday season is promising to be a very good one… to those of you who still have jobs that is. Yes, I know it sounds sad but still the facts are stubborn things. A wide range of consumer electronics products have hit record low prices according to this Wall Street Journal report . The article lists popular product categories such as HDTV’s , laptops, camcorders and DVD players - all showing significant price declines. The trend seems to be very widespread. While prices on consumer elec
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R.J. Matson/Post-DispatchBack in January, we suggested that President Barack Obama should call for a “New Normal” in America, one in which shared civic responsibility comes ahead of personal aggrandizement. Lately, we’ve found our phrase has been kidnapped. “[M]any U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years,” The Associated Press reported last week after interviewing leading economists. “That could add up to a ‘new normal’ of highe
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RedState Morning Briefing For October 16, 2009 Go to http://www.redstate.com/action/ for the name and phone number of your Senator. Call your Senator and demand opposition to the Baucus health care plan. 1. Anita Dunn: Why is being a fan of Mao more acceptable than being a fan of Hitler? 2. Why would I bother? 3. Murtha Lackey About to Settle in at DHS? 4. Obama’s stimulus creates or saves 30,383 jobs 5. Congressman Kline: Federal Curriculum
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After the recent unemployment numbers were announced, smug politicians promising economic recovery stuttered a bit. This wasn’t supposed to happen. Mainstream economists were predicting a smooth upswing in employment, but in September 263,000 more jobs were lost, 62,000 more than August. Obama reacted predictably to the surprise. He first pointed out that “employment is the last thing to recover from a recession,” and concluded that “…we are going to need to grind out this recovery, step b
Sensex, Sydney, Seoul finish lowerStock market in Asian region remained subdued for third session on Monday 5 October 2009, led by technology and mining companies, as economist Nouriel Roubini said share prices may drop and a report showed the US lost more jobs than estimated. New York University Professor Nouriel Roubini, who predicted the financial crisis, said stock and commodity markets might drop in coming months as the gradual pace of the economic recovery disappoints investors.On Wall Str
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NEW YORK (Reuters) – Stocks fell for the fourth straight day on Friday as weak jobs data added to recent evidence the economic recovery would be less robust than expected. Klik her for at læse hele nyheden
US stocks were set to sink lower on Friday after disappointing data on jobs raised concerns about the pace of economic recovery and a possible correction on Wall Street. SP 500 futures were 11.9 points lower at 1,015.50, trading below fair valu ...
NEW YORK (Reuters) – U.S. stocks extended losses on Thursday, with the SP 500 falling slightly more than 2 percent, after worse-than-expected data on jobs and manufacturing triggered a broad sell-off. Klik her for at læse hele nyheden
In a rural corner of Nevada reeling from the recession, a bit of salvation seemed to arrive last year. A German developer, Solar Millennium, announced plans to build two large solar farms here that would harness the sun to generate electricity, creating hundreds of jobs. But then things got messy. The company revealed that its preferred method of cooling the power plants would consume 1.3 billion gallons of water a year, about 20 percent of this desert valley’s available water. Now Solar Mil
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