The U.S. Labor Department’s weekly jobless claims report is a mixed bag. Initial claims fell 6,000 to 462,000, but continuing claims rose 37,000 to 4.558 million. And the less-volatile four-week moving average increased 5,500 to 475,500. Continue reading Initial Jobless Claims Drop, but Continuing Claims Rise Initial Jobless Claims Drop, but Continuing Claims Rise originally appeared on DailyFinance on Thu, 11 Mar 2010 09:10:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Initial Jobless Claims Drop, but Continuing Claims Rise

Republican Senator Jim Bunning has twice stopped the Senate from passing a $10 billion measure that includes a 30-day extension of unemployment benefits that are set to expire this weekend. Without this bill, 1.1 million Americans will be left without vital financial resources. Continue reading One Senator Blocks Extension of Jobless Benefits for 1.1 Million Americans One Senator Blocks Extension of Jobless Benefits for 1.1 Million Americans originally appeared on DailyFinance on Fri, 26 Feb 2010 14:00:00. Filed Under: Economy Permalink | Tweet this! | Comments

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One Senator Blocks Extension of Jobless Benefits for 1.1 Million Americans

Filed under: Economy , Investing I have to hand it to FDIC Chairwoman Sheila Bair — the former UMass economics professor gets it right on key policy issues. She is right about ending the doctrine of too-big-to-fail , and now she is proposing an idea that I’ve been pushing with no effect for years. That idea is to align the interests of the banks that bundle assets and sell them as securities — so-called asset-backed securities — with those of ABS investors. Before getting into the details of her proposal, I should disclose that I am not entirely objective in analyzing it. I worked with the FDIC back in the early 1980s to help build a system to manage the liquidation of the assets the FDIC gets when it helps find partners to absorb failed banks. And I have posted repeatedly about the idea of putting bankers’ pay in escrow as a way to align the interests of those who create investments with those who buy them. Continue reading FDIC Chair Sheila Bair has it right: It’s time to change bankers’ incentives FDIC Chair Sheila Bair has it right: It’s time to change bankers’ incentives originally appeared on DailyFinance on Sun, 22 Nov 2009 14:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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FDIC Chair Sheila Bair has it right: It’s time to change bankers’ incentives

Filed under: Economy Is the United States headed for a “new normal” — a slow-growth economy that lasts perhaps for as long as a decade? The evidence supporting the “new normal” argument, predicting a future in which the U.S. GDP grows at no more than 2.0% to 2.5% per year, is compelling. That low growth rate would constrain corporate revenue and earnings growth, and stock prices, among other consequences. The U.S. has already registered below-trend GDP growth at this recovery’s start – just 3.5% in Q3, as opposed to the more than 6% GDP growth typically registered in an expansion’s initial stage. Here’s why the slow-growth conditions might continue: Continue reading Seven reasons to expect a slow-growth U.S. economy ahead Seven reasons to expect a slow-growth U.S. economy ahead originally appeared on DailyFinance on Sun, 22 Nov 2009 15:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Seven reasons to expect a slow-growth U.S. economy ahead

(TrendHunter.com) Contrary to popular belief, it’s possible to be productive on Twitter. Just ask the Twitter Angels, virtual Good Samaritans who help the jobless find employment. Or celebuchef Rick Bayless’ followers,…

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35 Productive Twitter Practices – From Tweet-Based Psychoanalysis to Crowdsourced Cookbooks (CLUSTER)