Topic: Moody's Corporation
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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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Briefing
Mexico's high-stakes presidential vote: 4 questions answered
The next Mexican president will inherit a country torn by drug violence. Tackling deep-seated democratic and economic challenges is key to progress.
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Focus
Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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A hard landing for China? Six top economists weigh in.
China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing. It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.
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Is Gary Johnson right about shovel-ready jobs? 5 infrastructure challenges.
Republican presidential candidate Gary Johnson scored a rhetorical winner by saying that his neighbor's dogs 'have created more shovel-ready jobs than this current administration.' But the one-liner doesn't settle the debate over infrastructure and the economy.
All Content
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Are 'fiscal cliff' woes killing Christmas sales?
In last weekend before Christmas, traditionally a strong sales period, shoppers cite worries over taxes and so-so discounts as reasons to rein in spending. Experts warn of ho-hum holiday sales.
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Opinion: Is South Africa following the path of 'the strongman'?
South Africa’s ruling party, the African National Congress, was once a post-apartheid hero. Now it is the latest caricature of African bad governance, and it no longer resonates with the people. At its upcoming meeting, the party must embrace internal debate and reject economic nationalism.
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Fiscal cliff debate: 'Lines of communication are open'
Spokespeople for both sides of the fiscal cliff debate indicated that they may be communicating. In the meantime, economists warned that failure to strike a deal could strike a blow to the economy, perhaps plunging the country back into recession.
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The New Economy
ADP employment report: Superstorm Sandy hit small firms hardestSandy trimmed job growth in November by 86,000 workers, ADP employment report says. Small businesses took the hardest hit, ADP says, creating the fewest jobs in nearly two years.
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Sandy survivors may be rewarded with higher taxes
Unless shore towns from Rhode Island to New Jersey get a big influx of aid from the state and federal governments, they will have no choice but to raise taxes on homes and businesses.
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Focus
Obamacare countdown: How will reform affect the economy?The health-care law could strain household budgets, but drastic impacts on the US economy over the coming decade are unlikely, experts say.
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Europe debt defaults are poised to rattle stocks
At least five eurozone nations will need to restructure their debts, says a new Citigroup report. Greece will probably leave the eurozone within a year.
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In Gear
Hyundai, Kia owners seek $775 million over fuel economy fibsHyundai and Kia owners are suing the companies for $775 million after the EPA announced that 13 Hyundai and Kia models misstated their fuel-economy ratings, Read writes.
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Paper Economy
Private employers add 158,000 jobs in OctoberThe situation for private employment in the US improved in October according to private staffing and business services firm ADP.
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Economic toll of Sandy: Damage second only to Katrina?
Superstorm Sandy cut a path of destruction that could near $50 billion. Economic activity in New York City dipped 20 percent in storm's wake, but economists do not expect that Sandy will have a major impact on the nation's economic growth.
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Hurricane Sandy: Economy should bounce back analysts say
Though hurricane Sandy will impact dozens of industries and cause billions in damages, experts say the economy should recover quickly with reconstruction after the storm.
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Hurricane Sandy to cost billions. Will the economy stand?
Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion.
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Stocks barely flinch after good jobs report
Stocks initially rose on news of the unemployment rate dropping to 7.8 percent. But in afternoon trading, stocks failed to hang onto early gains.
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September manufacturing growth lifts stocks
Stocks got a boost from the latest manufacturing report, which showed growth in September. The manufacturing report came out half an hour after trading began, and sparked Monday's jump in stock prices.
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Stocks stumble towards end of solid 3Q
Stocks fell Friday in all industry groups in the S&P 500 except utilities. The biggest losses were in telecommunications and information technology stocks. But the big indices are still up 4 percent or more for three months.
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Asian markets cheer Spain's plans for reform (+video)
Asian stocks edge up as debt-laden Spain unveils budget plans with sharp cuts in government spending. Euro and Japanese yen climb while dollar falls.
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Focus
Housing market turning a corner? Signs of hope for homeowners.Rising home values and declining foreclosure rates indicate a slow but steady recovery for the US housing market. Obstacles remain, however, including negative equity due to 'underwater' mortgages.
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Gas prices, not jobs stats, are key numbers for voters (+video)
Gas prices and grocery bills are more likely to sway voters than the monthly jobs report, economists and pollsters say. Gas prices are nearing $4 per gallon and could be key in deciding the presidential race.
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Do the jobs numbers matter to voters?
Republicans and Democrats use the monthly jobs report as a campaign tool and journalists analyze the numbers and political consequences ceaselessly. But for voters, circumstances in their own lives are better indicators of economic recovery.
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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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Keep Calm
Good Reads: Volcanoes, guillotines, and the key to happinessA look at modern France, and a profile of revolutionary villain Maximilien Robespierre; the American recovery and the very happy people of Iceland. Here are this week's good reads.
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Focus
Public-sector belt-tightening: thrift, or long-term drag on US economy?Since June 2009, 504,000 jobs have been cut among municipal employees. Public-sector reductions at the local level have subtracted almost a quarter of a percentage point from annual GDP each of the past four years.
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Penn State: Insurance firm pulls ads. Will others follow?
Penn State football loses State Farm's insurance ads for home games as General Motors reconsiders sponsorship deal with Penn State. Insurance firm says move was 'the best decision.'
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Apple's earnings miss could undermine wobbly market
Apple stock falls in after-hours trading after it reports disappointing quarterly earnings and revenue. Apple faces same headwinds as other multinationals with lower earnings this quarter.
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Haunted by Europe, US market can't get ahead
While The Street was able to ignore Europe's struggles for the past few days, the struggles of Spain on Friday proved too much for the market to bear. As Spain's stock market plunged 6 percent, the Dow Jones dropped 120 points to close at 12,822.
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