Recent Economists News
OCR slashed, banks cut interest rates
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
Reserve Bank Governor Alan Bollard has slashed the official interest rate by a record 1.5 percentage points and is telling banks he wants lower mortgage rates. The massive cut, taking the Official Ca... (original story)
ECB set to make bold rate cut to support economy
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
Global Financial Crisis BRUSSELS, Dec. 3 (Xinhua) -- The European Central Bank (ECB) is set to make a substantial cut of its benchmark interest rate when its governors gather here on Thursday for a... (original story)
Some companies thrive despite recession
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
HomeAway CEO Brian Sharples stands on top of an Austin vacation property available on the HomeAway website, which is doing well despite the recession. (original story)
De La Hoya goes for tough sell with economy on the ropes
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
While he certainly understands that the world financial system is in serious trouble, he doesn't feel the same about Oscar De La Hoya's fight Saturday night against Manny Pacquiao. (original story)
Over 3 million jobs would disappear if U.S automakers go bankrupt
Posted from Economic Policy Institute 7 hours ago
Economists : Economists News
If bankruptcy shuttered one or more U.S. automakers, the effect would be the loss of up to 3.3 million jobs in the U.S. within the next year, according to a study released today by EPI. Michigan alone could lose over 400,000 jobs, and stands to be the hardest hit state both in the number of jobs lost and the share of total state employment (8.9 percent) lost. If the Big Three fall, they would take down more than auto worker jobs: when the wages from those auto sector jobs dry up, an additional 576,700 to 2.1 million "re-spending" jobs would be lost. The report, When Giants Fall, lists possible... (original story)
Sour Economy Means More Fla. Child Abuse Calls
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
The number of calls coming into the Florida Department of Children and Families child abuse hotline is up this year. DCF officials say part of the reason for the increase is the bad economy. (Dec. 3) (original story)
Obama plots green jolt to economy
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
WASHINGTON - President-elect Barack Obama and leaders in Congress are fashioning a plan to pour billions of dollars into a jobs program to jolt the economy and lay the groundwork for a more energy-eff... (original story)
New Zealand central bank slashes interest rates
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
(8 mins ago) New Zealand's central bank cut the official interest rate by a record 1.5 percentage points to tackle the fallout from the global financial crisis. Reserve Bank of New Zealand Governo... (original story)
Recession fears foreshadow rate cuts
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
NEW YORK: Record declines in the vast US and European service sectors and more bleak US employment news on Wednesday sparked fear of an economic "free fall," setting up another round of deep intere... (original story)
Economy poses test for The Strip
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
by Liz Benston By Our Partners at the Las Vegas Sun LAS VEGAS, Nevada -- Strip casinos have maintained enviably high occupancy rates during this recession by offering deep discounts and unprecedente... (original story)
Sees Economy Recovering In 2nd Half
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
said Wednesday that while "times are really tough," he sees a "ray of sunshine" in about six months, with the U.S. economy making a comeback in the second half of next year. (original story)
OECD urges sharp cuts in Swedish interest rates
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
OECD urges sharp cuts in Swedish interest rates By David Ibison in Stockholm Published: December 4 2008 02:00 | Last updated: December 4 2008 02:00 (original story)
Depression leads to internal fat in 70-somethings
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
CHICAGO - Older people who are depressed are much more likely to develop a dangerous type of internal body fat -- the kind that can lead to diabetes and heart disease -- than people who are not depres... (original story)
Less job-hopping during recession
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
TAIPEI, Taiwan -- Fewer salaried people are daring to switch jobs amid the economic sluggishness, while those who have recently changed jobs have found they are being paid less than they earned in the... (original story)
Slash In Interest Rates Expected
Posted from Economics News latest RSS h... 7 hours ago
Economists : Economists News
A full 1% cut in interest rates to a 50-year low of 2% could be announced today as the UK economy slides into recession. The Bank of England is predicted to deliver at least another 0.5% cut, but ex... (original story)
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