Word: risinger
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The job news may actually provide fuel for both camps. The rising unemployment rate bolsters Republicans who have been arguing that the stimulus bill, which most economists credit with speeding economic recovery, has only made matters worse on the job front, with October's numbers showing that the economy is...
Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't...
The issue, which has divided Switzerland, comes amid concerns over a rising anti-Muslim xenophobia in Europe and heated debate in countries such as France and Italy over the banning of other Muslim symbols like the burqa. In Switzerland, though, it's not just the referendum that has angered Muslims...
Then a not-so-funny thing happened on the way to rebalancing: the worst economic crisis since the Great Depression. The Chinese response to sharp declines in manufacturing and exports has been cheered for its effectiveness. Government stimulus spending and loose credit powered the country's economy to an 8.9...
U.S. Federal Reserve Chairman Ben Bernanke has long let it be known that he thinks the imbalances between the U.S. and China contributed to the financial breakdown of the global economy. China's excess savings were sloshing around and needed a home, and profligate America was more than willing to...