Archive for August, 2009
Economy shows stabilization: GDP down 1%
A revision to gross domestic product shows the U.S. economy declined at a rate of 1% in the second quarter, matching a previous estimate. By David Goldman, CNNMoney.com staff writer NEW YORK (CNNMoney.com) — The pace of economic decline in the second quarter slowed at an annual rate of 1%, according to the government’s revised [...]
How to Hire After the Recession
By Jay Goltz There are some signs that the economy is starting to turn around. If you have been running lean on people, you might be considering hiring someone soon. Happily, there are some very good people out there looking for jobs — but there are many more less-than-good people. The question is, how do [...]
Where’s my stimulus?
As the government throws billions at bailouts, Main Street is feeling left out. By Joseph V. Tirella August 19, 2009: 11:28 AM ET Photos SOS: Send loans now With bank lending to small businesses nearly frozen, these 8 entrepreneurs are among the thousands fighting for the credit lines and loans they need to keep their [...]
Recession has hit bottom
Economic indicators index jump 0.6% in July according to the Conference Board, in the latest sign of possible recovery. By Julianne Pepitone, CNNMoney.com staff wrier NEW YORK (CNNMoney.com) — An index of economic indicators rose in July for a fourth straight month, in another sign that the recession is bottoming, said a report released Thursday. [...]
Six Big Risks to Economic Recovery
by Aaron Task Like most economists and pundits, Diane Swonk, chief economist at Mesirow Financial, believes the worst of the crisis is behind us. But the road to recovery will be very rocky, Swonk says, citing the following major risks: 1. The Global Economy Remains Weak: For all the talk about how America is an [...]
Can You Afford to Hire?
By Diana Ransom WSJonline Many small businesses got lean over the last few months. They scrapped fruitless projects, renegotiated costly contracts, introduced more efficient policies and laid off workers. But after the latest employment report revealed that job losses moderated in July, some owners may be thinking about hiring. “Thanks to layoffs, there are some [...]
Taking Stock of the Best Economic Indicators
BOSTON (TheStreet) — Economists are like doctors for the economy. ByDavid MacDougall, TSC Ratings Analyst To determine the health of their patient, economists look to indicators, such as unemployment and consumer spending, in much the same way doctors monitor blood pressure and heart rate. One reading can’t provide enough information to understand the state of [...]
U.S. recession seen ending in third quarter
By Lucia Mutikani, Reuters WASHINGTON (Reuters) – The worst U.S. recession since the Great Depression will probably end in the third quarter, but uncertainty exists over the speed and duration of the economic recovery, according to the most recent survey of private economists. The Blue Chip Economic Indicators survey of private economists released on Monday [...]
SBA Chief: I Know ‘What It Will Take’
By RAYMUND FLANDEZ Karen G. Mills has a big job: Get struggling small businesses the help they need to power the U.S. into economic recovery. Four months into her term, the new Small Business Administration chief says there’s been measurable progress in getting financing and other assistance to the country’s 27 million entrepreneurs. Since the [...]
A Must Read; Krugman says world avoided second Great Depression
Krugman says world avoided second Great Depression but real recovery will take time. By Eileen Ng, Associated Press Writer KUALA LUMPUR, Malaysia (AP) — Aggressive stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more, Nobel Prize-winning economist Paul Krugman said Monday. Krugman [...]