Thursday, June 26, 2014
Friday, May 09, 2014
Wednesday, July 31, 2013
The United States' Gross Domestic Product will grow 3 percent today—but not because of increased productivity. Government statisticians will be applying new GDP rules retroactively, forcing economists to re-evaluate everything from corporate profits to the Federal Reserve's inflation stability measure. The U.S. will be one of the first countries to adopt the new standard of international accounting. Robert Armstrong, U.S. Lex Editor at The Financial Times, explains.
Monday, July 23, 2012
Both campaigns responded to the Colorado shooting by pulling their ads in the state which could mean a week of toned-down campaigning. But then again, it might not.
Monday, April 02, 2012
Today the United Nations will discuss happiness. Does happiness contribute to the well-being of the world? Tom Barefoot, co-coordinator of Gross National Happiness USA, believes that having a sound economy might be less important than having a country filled with happy people. How do we measure — or achieve — something so abstract?
Monday, October 24, 2011
The Congressional "super committee," put in charge of finding $1.2 trillion to cut from the deficit, have mostly been a top secret committee that have shared very little about their meetings. As the super committee continues to find cuts in the deficit, a number of economic indicators are set to be released this week, including new home sales and GDP figures. Also on the agenda for this week, the Pentagon is set to release a report on the role of women soldiers in the military and whether or not they should be allowed to serve in combat roles. And after President Obama's announcement that all U.S. troops will be withdrawn from Iraq by the end of the year, there could be some fallout, especially among Republicans, on Capitol Hill.
Wednesday, August 17, 2011
Last April the Federal Reserve said that Gross Domestic Product numbers had inched up a respectable 1.8 percent. It was a bright spot in the midst of a bleak economy. The White House touted the news as encouraging, and stocks went up. Now, after a dizzying few weeks of bad news about the economy, the government has revised its numbers, saying the economy really only expanded by 0.4 percent. What happened, and what does this say about the government's understanding of the economy?
Thursday, August 04, 2011
"We do not believe there is a threat there of a double-dip recession. We believe that economy will continue to grow," White House Press Secretary Jay Carney said yesterday. But some economic indicators are painting a different picture. While the private sector added 114,000 jobs in July, layoffs in the U.S. reached a 16-month high. Meanwhile, the Department of Agriculture says the more Americans are receiving food stamps than ever before. The Pew Research Center released a study last month finding that women are having more difficulty than men re-entering the work force. All of this news comes on top of the figures released by the Commerce Department last Friday showing that the economy has only grown by a dismal 1.3 percent.
Friday, July 29, 2011
According to new data from Commerce Department Friday, the U.S. economy grew at a dismal rate of just 1.3 percent, significantly lower than the 1.7 percent that had been expected. The new figures show the weakest period of growth since the recession officially ended. Some economists fear that the debt ceiling debate in Congress will produce cost-cutting measures that will slow the economy further. As the August 2 deadline to raise the debt ceiling approaches, it is unclear whether Congress will be able to pass a plan.
Monday, July 11, 2011
Friday produced another round of ugly job numbers as the country's unemployment rate inched up to 9.2 percent. Yet in Washington, the conversation remains fixed squarely on a compromise to raise the country's debt ceiling. Have lawmakers forgotten about the country's unemployed? And what about the "99'ers," the individuals who have exhausted their 99 weeks of unemployment benefits and are left with no government assistance? Where do they fit into the picture?
Monday, January 24, 2011
President Obama's State of the Union Address on Tuesday is the most anticipated event of the week. Kai Wright, editorial director of ColorLines Magazine, says this speech will signal the start of the 2012 presidential campaign. He shares what to expect from the President's speech, and what the aftermath of it will look like. Kai says the match up is no longer Republicans vs. Democrats, as much as it's Republicans vs. Republicans.
Wednesday, December 22, 2010
The Commerce Department has revised numbers reflecting how much the economy grew last summer, moving the GDP up from 2.5 to 2.6 percent. Economists are hailing the change as good news, but not great news. Many had hoped that the growth would reach as high as 3 percent. Is this a cause to backtrack on recent optimism, or still cautious progression on the economy? Economics editor for The Takeaway Charlie Herman joins us for more on the subject.
Monday, October 25, 2010
We are just eight days away from election day, and Democrats and Republicans are campaigning at full throttle. First Lady Michelle Obama is on the West Coast, trying to win votes for Democrats in key Senate races in Washington and California.
Monday, September 27, 2010
Israel's partial freeze on settlement buliding in the West Bank ended last night, and Marcus Mabry, associate national editor for The New York Times, and Charlie Herman, economics editor for The Takeaway and WNYC Radio, discuss how this will affect peace talks between Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas. They'll also take a look at what's ahead this week for Bishop Eddie Long, who has been accused of trying to sexually seduce four teenage boys; President Obama's continued conversations with middle-class Americans; how China and Japan's relationship is rapidly deteriorating, and more.
Friday, August 27, 2010
By Charlie Herman : Business and Economics Editor
U.S. economic growth slowed in the second quarter of this year as the government revised downwards the gross domestic product (GDP) to 1.6 percent from a previous estimate of 2.4 percent. The news caps a week of bad news about the nation’s economy, in particular, reports that housing sales fell to record lows in July.
Friday, August 27, 2010
Revised GDP numbers for the second quarter — a key indicator of financial health for the country — have just come out, and they are disappointing for those who hoped the U.S. was improving economically. Growth was cut sharply to 1.6 percent in the second quarter, and though the drop isn't as bad as some economists feared, many are wondering if a double-dip recession is becoming a reality. What do the new numbers mean, and what can we do to improve our situation?
Friday, August 27, 2010
Federal Reserve chairman, Ben Bernanke speaks today at an annual Federal Reserve Bank of Kansas City economic symposium in Jackson Hole, Wyoming. What will Bernanke say about where our economy stands, in light of some recent grim numbers we've received this summer? And do we face a real threat of a "double-dip recession?"
Monday, August 23, 2010
A number of economic indicators are due out this week, including existing and new home sales, and 2nd quarter GDP figures — all are expected to plummet. Charlie Herman, economics editor for The Takeaway and WNYC Radio, is describing this as a "slowdown" this week: "Right now, we're in the slow days of summer. The president is on vacation and Congress is in recess," he says.