With Banking, Question Everything

Thu, 07/22/2010 - 12:57
Congressional oversight holds great promise for reining in banking abuses, an economist writes.

Senate Gives Final Approval to Jobless Benefits

Thu, 07/22/2010 - 07:50
The legislation extends unemployment benefits through November to millions of Americans who are out of work.

Senate Democrats’ Plan to Aid Small Businesses Hits G.O.P. Resistance

Thu, 07/22/2010 - 07:50
The main point of disagreement is a proposed $30 billion lending program that would make credit available through local banks.

Inspector Says Loan Modification Program Has Fallen Short

Thu, 07/22/2010 - 06:20
Only 340,000 homeowners have had their mortgages permanently adjusted under the program, a small fraction of those needing assistance.

Garment Factories, Changing Women's Roles in Poor Countries

Thu, 07/22/2010 - 06:06
By giving women an independent source of livelihood, Bangladesh's garment industry has changed this conservative Muslim country's society in immeasurable ways.

Orders at Air Show Bode Well for Recovery

Thu, 07/22/2010 - 02:30
Boeing and Airbus received orders for more than 180 new planes on the first day of the Farnborough International Airshow.

Estate Tax Hiatus Could Reduce Charitable Bequests

Thu, 07/22/2010 - 01:18
Strange as it may sound, the elimination of the federal estate tax this year could actually reduce incentives for rich people to leave bequests to charities.

What We're Reading: Forecasting, in Hindsight

Thu, 07/22/2010 - 01:10
Links from around the Web.

Payback Time: Maine Takes 2nd Look at Social Security

Wed, 07/21/2010 - 22:56
Some states provide retirement benefits for their employees solely from their state pension programs, but Maine, spurred by costs, is considering changes.

Overhaul Planned for Atlantic City Gambling Area

Wed, 07/21/2010 - 19:39
A state-appointed authority would take control of the casino and entertainment district.

Economic Scene: Overcome by Heat and Inertia

Wed, 07/21/2010 - 12:34
If this Congress can’t pass a major climate bill, and the odds are not great, you have to wonder about the future of climate policy.

Stocks and Bonds: Wall Street Ends Higher in Light Trading

Wed, 07/21/2010 - 06:15
Shares turned around in afternoon trading, though one analyst characterized the markets as searching for direction.

Home Construction Declined 5% in June

Wed, 07/21/2010 - 06:10
The results were driven by a more than 20 percent decline in the volatile condominium and apartment market.

Fed in Hot Seat Again on Economic Stimulus

Wed, 07/21/2010 - 05:50
The Federal Reserve’s chairman, Ben S. Bernanke, may be willing to pursue additional stimulus measures, but not quite yet.

Earnings and Revenue Decline at Goldman Sachs

Wed, 07/21/2010 - 05:47
The volatile markets and a sharp reduction in trading gains made the second quarter Goldman’s worst since the depths of the financial crisis in late 2008.

Greece’s Debt-Ridden Rail System Adds to Economic Breakdown

Wed, 07/21/2010 - 05:40
The state-owned railway loses about $3.8 million a day, prompting a search for solutions: maybe a foreign investor or a complete overhaul.

Profits Rise at State Street and New York Mellon

Wed, 07/21/2010 - 05:31
Higher share prices helped the banks earn more for managing their clients’ money.

Senate Set to End Stalemate and Extend Jobless Aid

Tue, 07/20/2010 - 13:04
Senate Democrats are poised to break a partisan stalemate over extending benefits.

A City Outsources Everything. Sky Does Not Fall

Tue, 07/20/2010 - 06:30
So far, the decision by Maywood, Calif., to outsource all of its municipal work has not been disastrous.

Hungary Resists New Budget Cuts Despite Pressure

Tue, 07/20/2010 - 06:20
Markets in Budapest were rattled after the government insisted that it would not impose further austerity measures this year despite pressure from its international creditors.