Topic: Lexington (Massachusetts)
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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Eight ways $100 oil may affect you
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
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Top 5 overlooked stories of 2010
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In Pictures: Springtime flooding in the US
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Eight ways $100 oil may affect you
In recent weeks, the price of a barrel of oil has stayed at about $100 a barrel, and gasoline prices have been edging closer to $4 a gallon. The costs are apparently due to events half a world away, in the Middle East. Even though plenty of oil is around, there is fear of further disruptions, and consumers, business people, and politicians have all been making adjustments. Here are eight ways that higher energy prices are starting to affect America.
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Japan nuclear crisis rocks Dow; uncertainty clouds stocks' future
After plunging at the opening Tuesday, the Dow Industrial Average regains some ground. But uncertainty over the Japan nuclear crisis could weigh on the economy, and markets, for some time.
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Letters to the Editor – Weekly Issue of January 31, 2011
Readers write in about Congress's tea party class, the debate over 'rights' under the Constitution, and health care reform.
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Gas prices jump 6 cents in one day
Gas prices will slow the economy's recovery, but not stop it. If gas prices rise to $4 a gallon, it could be a different story.
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
President Obama's proposed $3.7 trillion dollar federal government budget works some economic magic, from disappearing programs to mystery funding sources. Here’s a look at five key head-scratchers in the 2012 budget:
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Winter storm raises the question: What's going on with the weather?
This week's winter storm – and others before it – are being influenced by climate patterns in the Arctic and North Atlantic. Scientists are working to understand how these patterns work.
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What businesses liked in the State of the Union – and what they didn't
President Obama had chilly relations with US businesses until late 2010. The tone has changed, but they’re waiting to see what happens with some of the proposals in the State of the Union address.
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In 2011, better economic outlook – for some
Pundits predict healthy growth in 2011 and fewer unemployed. But housing and state budgets may struggle.
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When snow stalls states, MTA transit, who's hit the worst?
The weekend snowstorm, which forced six states into emergency mode and partially paralyzed New York's MTA system, hit hourly workers especially hard.
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Day-after-Christmas sales: Stars are aligned for a super Sunday
This year, day-after-Christmas sales are expected to be even more festive than usual. Fortuitous timing and Americans' renewed willingness to spend should cap the improved retail season.
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Top 5 overlooked stories of 2010
History, it seems, will remember 2010 in the United States as the year of health-care reform, the Gulf oil spill, and the tea party movement. But the most widely covered stories are clearly not the only events that could shape the future of the nation. Here we note five overlooked stories of 2010 – developments that might have received some press coverage but perhaps not as much as they should have, given the impact they could have on various aspects of American life in the years ahead.
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Slow decade ahead for US, not a lost one
US economy won't endure a 'lost decade' the way Japan did.
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Mortgage rates at historic lows: five reasons consumers still wary
Mortgage rates are at 4.21 percent for a 30-year fixed-rate loan, spurring home buyers and home owners to take advantage. But there remain some reasons for caution.
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Foreclosed homes: three potential fixes for the crisis
Towering mortgage debt continues to fuel the housing crisis. What policies could help reduce the number of foreclosed homes?
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China economy will surpass US, but when?
The China economy has surpassed Japan’s to become the No. 2 economy in the world. But America doesn’t need to worry about China leaving the US in the dust anytime soon, economists say.
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Unemployment benefits claims fall, manufacturing stumbles
Unemployment benefits claims tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.
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Plunging Dow, consumer confidence: signs of 'double dip' recession?
Investors worldwide have grown more cautious about the outlook for the economy and corporate profits.
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G20 summit dilemma: Stimulate economic growth or rein in deficits?
The chief question at this weekend's G20 summit will be how to keep the world economy growing. The Europeans are cutting government spending, ignoring President Obama's call for more stimulus.
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Are home prices headed for another drop?
It's still a good time to buy. The end of tax credits and foreclosures will help keep home prices down.
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Dow plunges below 10000 amid bad news on euro and US jobs
The Dow Jones Industrial Average closed Friday at 9931, below the symbolically important 10000 mark. It has slid in five of the past six weeks. Debt in Europe and tepid US job market are triggers.
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Personal income up in April
Personal income rises for six straight months, a sign recovery is back on track.
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Home values headed to new lows?
Two new reports show home values falling again. They could dip below last year's lows, some economists say.
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Can electric cars break out of niche status in US, China market?
Despite a surge in interest, electric cars may remain niche products in the world's two largest auto markets. Advocates disagree.
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Greek debt crisis: What does it mean for the US?
Europe could be in for some major belt-tightening to handle the Greek debt crisis, as well as problems in Spain, Portugal, and Ireland. That could slow US economic growth somewhat.
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New Boston tea party: Sarah Palin leads defensive, defiant crowd
Sarah Palin headlined the Boston 'tea party' Wednesday, where the rallying cry was once again 'taxation without representation.' Attendees wanted to rein in politicians and combat the stereotype that tea partyers are radical and racist.
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