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...number of issues of the financial crisis have yet to be resolved. Among the things that analysts and economists are still worried about are the hundreds of billions of dollars in commercial real estate bonds that face defaults, a continued stream of small-bank failures and the rising unemployment rate...
...rooms booked by August 17. The Fairmont Southampton, a sumptuous resort on Bermuda's highest hill, has eligible deals, including a seven-night package with airfare from New York City (we found it on Bestfares.com) for $1,450 per person - a significant saving from the hotel's usual rate. Similar deals are available at other high-end properties, including Elbow Beach, the Fairmont Hamilton Princess and Coco Reef Resort...
...also a hotel catering for up to 19 guests, with tours of the telescopes and fine dining included in the room rate. Access is by cable car from the ski resort of Le Tourmalet, and in winter skiers savor the adrenalin rush of a descent from the 9,439-ft. (2,877 m) summit...
Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers - leading proponents of a stimulus bill - predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983. (See 10 ways your job will change...
...economists did say in the report that they expect the bulk of the jobs created by the stimulus to happen in 2010 and 2011. Nonetheless, the report says that even by the middle of this year, the stimulus bill would have a positive effect on the unemployment rate. Without the stimulus, the two economists predicted, the unemployment rate would rise to around 8.5% by the middle of this year; add the stimulus, and that rate would drop by half a point. In reality, the unemployment rate is a full percentage point higher than what Romer and Bernstein predicted it would...