Fed not acting like there's a recovery
22.09.09
Federal Reserve Chairman Ben Bernanke has said that the recession is "very likely over," but the Fed isn't acting like we're in a recovery.
Are there any mirrors in the headquarters of the Federal Reserve? If so, I think it's time for Ben Bernanke and his colleagues to look into one. Dear Annie: I found your column "6 Ways to Be Happier at Work" very helpful, but what I could really use is some advice on how to help the people under me be happier (and more productive). Our department was cut drastically, back in February, so everyone has been working crazy hours since then. On top of that, we just heard our pay has been frozen, and bonuses this year will be far smaller than in the past.
Wall Street's key volatility measure soared to a 13-month high Friday as stocks continued their slide, a day after computer glitches caused erroneous trades that prompted a huge sell-off in equities.
Read full story for latest details. Jan. 27
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May 25
Detroit continued to lead the nation's cities of 1 million people or more with the highest unemployment rate in September, according to government figures released Wednesday. Jan. 16
Australia's raising interest rates! The global recession is over! The only question now is how strong and fast the economic rebound will be. Hip hip hooray!
Consumer credit rebounded in March, blowing past economists' expectations, according to a government report released Friday.
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The Obama administration took the first concrete steps Thursday to make good on its pledge to halt new offshore drilling projects, suspending the approval process for new wells off of the Virginia coast. Regulators closed subsidiaries of Irwin Financial Corporation in Kentucky and Indiana Friday, bringing the total number of bank failures this year to 94, according to the Federal Deposit Insurance Corp.
Technical glitch. Violence in Greece. Historic U.K. elections. A combination of these factors sent the Dow plummeting nearly 1,000 points Thursday before regaining two-thirds of the ground lost.
March jobs report shows growth
08.05.10
The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday.
Shoppers slow down in April
08.05.10
Retail sales showed weakness in April, after March's data posted the biggest single monthly gain on record thanks to a shift in the Easter holiday.
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More college graduates have jobs waiting
08.05.10
More college graduates are heading straight into new jobs this year, a study from a college employment group showed Thursday.
Paulson, Geithner: Shed light on Wall Street
08.05.10
Henry Paulson and Timothy Geithner, two key players in the government's bailout of the financial system, said Thursday that steps should be taken to shed light on the darker corners of Wall Street in order to prevent another crisis from happening.
Another jobless summer
08.05.10
The job situation is starting to look better for grownups. But college and high school kids could be in for a long, disappointing summer.
Obama suspends new Virginia offshore drilling bid
08.05.10
The Obama administration took the first concrete steps Thursday to make good on its pledge to halt new offshore drilling projects, suspending the approval process for new wells off of the Virginia coast.
Fear index skyrockets to 13-month high
08.05.10
Wall Street's key volatility measure soared to a 13-month high Friday as stocks continued their slide, a day after computer glitches caused erroneous trades that prompted a huge sell-off in equities.