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Daily Kos (Free subscription) | yesterday
Well, at least a year-long reality is at last confirmed : WASHINGTON (MarketWatch) -- The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak of activity in December 2007 and has been declining since, according to the business cycle dating committee of the NBER. The government,...
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Reviving Economics (Free subscription) | 12/01/2008
Michael Hicks (and or his fellow Ball State economists), economist at Ball State University in Muncie, IN and director of its Center of Business and Economic Research, predicted the "US likely went into recession... late third quarter." Unfathomably, the IBJ quotes him as actually saying: "Very few people will actually lose their jobs." This quote single-handedly says a couple...
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The Huffington Post (Free subscription) | 12/01/2008
The state's economy went flat in November, based on a University of Illinois measure of sales, individual and corporate income-tax receipts. University economist J. Fred Giertz said in the report released today the latest drop in the Flash Index leaves little doubt the national and state economies are in recession. Read the whole story here.
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Creative Destruction (Free subscription) | yesterday
Or more to the point, to turn the economy's lights back on? Stephen Dubner at Freakonomics asks a number of prominent economists for their impressions of Barack Obama's economic team. A number of respondents took note of the high firepower of Obama's team as compared to Bush the Younger's. A number note that BTY rarely listened to the good economists he did have. Brad DeLong's analysis:...
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Reverse Mortgage Daily (Free subscription) | yesterday
Last week the Economist’s Free Exchange Blog wrote about reverse mortgages in Reversing insecurity. The post covers how the reverse mortgage business is the once aspect of the mortgage market that continues to thrive. Besides the fact the Economist is quoting a Boston College research paper from 2006, it’s a positive piece. The writer [...]
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Financial24 (Free subscription) | 12/01/2008
Japan's globalisation has so far been outbound only. The next step is to open up the economy to foreign capital and labour—or face another fight with deflation, says Kyohei Morita. In an interv
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Contrarian Musings (Free subscription) | yesterday
Christina Romer was named as the head of President elect Obama’s Council of Economic Advisors. I wonder what kind of advice she’ll give? Well, on the one hand…but on the other hand….and on the other hand…Take a look at the amazing three armed economist.
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SacredFacts (Free subscription) | 5 hours ago
Arkady Ostrovsky in The Economist suggests Russia is both a recovering superpower and a corrupt oligarchy - with a market economy, of sorts. BBC Monitoring reports on the Russian media industry under pressure as economic downturn starts to bite at...
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InformedTrades (Free subscription) | yesterday
Treasury Finance Policy - knzn Investors Sue Countrywide Over Modified Loans - NYTimes.com Bailout Monitor Sees Lack of a Coherent Plan - NYTimes.com...
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France24 (Free subscription) | 12/01/2008
A panel of economists says the US economy has been in recession since December 2007, defining recession as a widespread, "significant decline" in economic activity. Wall Street plunged 7.6% by the close of trading on the news.
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The Business Journal of Phoenix (Free subscription) | 12/01/2008
The U.S. economy entered a recession a year ago, according to a new analysis by a group of economists.
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InformedTrades (Free subscription) | yesterday
With respect to estimates concerning the total cost of the various bailouts, etc. for the financial system, in particular whether the spending should...
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Total Internal Reflection Teachings (Free subscription) | yesterday
The Economist report on financial literacy and the impact @ http://www.economist.com/daily/diary/displayStory.cfm'story_id=12675257&source=hptextfeature was brilliant. Useful links: www.mymoney.gov www.nycares.org
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Market Watch (Free subscription) | 12/01/2008
The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research say.
