Three-month budget gap exceeds FY 2008 full year
WASHINGTON (Reuters) - The United States racked up a record $485 billion deficit for the first three months of fiscal 2009, exceeding the $455 billion gap for all of the previous year, the U.S. Treasury said on Tuesday.
Jack Myers: Network TV Upfront Forecast: Bad News/Good News Scenarios
There is bad news and good news for the media and advertising business. First the bad news.
New York Times Fights Back, Calls Controversial ‘Atlantic’ Article ‘Uninformed’
The Atlantic’s recent article that speculated about the demise of The New York Times drew a harsh rebuttal from Times senior vice president of corporate communications, Catherine Mathis. In a letter to the Atlantic, first posted on the Romenesko site, Mathis declared that the piece “leaves a lot to be desired from the standpoint of .
Rhode Island Leads US Into Deep Recession
LINCOLN, R.I.
Further bank aid must include pay limits: Dodd
WASHINGTON (Reuters) - The Senate will not approve more bailout money for banks unless it includes limits on executive pay and help for struggling homeowners, Senate Banking Committee Chairman Chris Dodd said on Monday.
Alan Schram: The Story of 2008: What Went Wrong?
The past year has been financially chaotic on a level almost no one alive has ever seen. The devastation has hit almost everywhere, world wide, including finance, manufacturing, oil, consumer companies, technology, real estate and commodities.
David Horton: The skeptic who came in from the cold
I have in the past, and will again in the future, launch deservedly vicious tirades against the stupid and ignorant, paid and unpaid, energy company denialist stooges in the International Anti Global Warming Conspiracy. But I realize that in addition to these braying idiots there are still a few genuine skeptics, people who really have tried to keep up to date with evidence as it floods in, and who remain puzzled by aspects of it, or believe that some findings are contradictory, or who think that the accuracy of some measurements might be questioned.
Dean Baker: Right to Rent: Helping Homeowners Without Throwing Money at Banks
We got into the current economic crisis because many very smart people with outstanding credentials were unable to use simple arithmetic.
Obama Releases Internal Analysis Of Economic Plan
WASHINGTON — Facing growing criticism of his economic recovery plan, President-elect Barack Obama made public Saturday a detailed analysis by his economic advisers that estimates the $775 billion plan of tax cuts and new spending would create 3.5 million jobs over the next two years. With an eye on Obama having immediate access to bailout money already approved by Congress when he becomes president, his economic team and the Bush administration have discussed having Treasury Secretary Henry Paulson ask lawmakers for access to the $350 billion remaining in the fund
Obama team, Rep. Frank eye bailout fund overhaul
WASHINGTON (Reuters) - President-elect Barack Obama and a key Democratic lawmaker revealed plans on Friday to overhaul the government’s $700 billion financial rescue fund as a way to aid struggling homeowners and speed the flow of credit.
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