Topic: U.S. Economy

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Could 'fiscal cliff' push US into recession? Five questions answered.

The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
Briefing
Five things Ron Paul wants from the Republican National Convention

It looks as if Ron Paul is going to be an active participant in the Republican National Convention in Tampa this August. Here’s our take on the five things Paul hopes to gain from staying within his party’s tent in 2012.
6 stories about life with your adult children

In "Slouching Toward Adulthood," Sally Koslow shares what she learned about the differences between the boomer and Facebook generations.
Mitt Romney's five biggest liabilities as GOP nominee

Typically, an election with an incumbent president on the ballot is a referendum on him. But President Obama is trying to turn the tables. So what exactly does Mitt Romney bring to the table, in both positive and negative ways? Here are the liabilities:
Mitt Romney's five biggest assets as GOP nominee

Typically, an election with an incumbent president on the ballot is a referendum on him. But President Obama is trying to turn the election into a choice, saying in effect that America's problems will get much worse under the other guy. So what does Mitt Romney bring to the table? Here are five assets.

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The Daily Reckoning
Facebook IPO: The end of an era

The failure of Facebook's public debut may signal the end of the pie-in-the-sky tech start up, as well as the possibility that the post-crisis recovery rally is screeching to a halt.
Stefan Karlsson
Europe can strengthen Greece without weakening Germany

Some experts warn that Greece can't reduce its current deficit unless Germany and other better-off nations reduce their surpluses. Here's why they're wrong.
Federal Reserve official: If Congress dawdles, economy will fall 3 percent

Congress must sort out a raft of fiscal issues before Jan. 1, or it will cost the US economy dearly, said New York Federal Reserve President William Dudley.
Economist Mom
Turning the 'fiscal cliff' into a gentle slope

Economists and policymakers worry that the recovering US economy won't be able to handle the amount of deficit reduction headed its way in the coming months. It can;t be avoided, but it can be made easier to overcome.
HP jump boosts Dow; stocks mixed

Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month. The Dow closed up 33 points at 12529.
A jobless boom for female firms

Women are creating new businesses faster than the national average, but they're hiring far fewer workers. One solution: better networks for women.
Could 'fiscal cliff' push US into recession? Five questions answered.

The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
Economist Mom
Obama vs. Romney: spirit vs. substance

A new poll shows that when it comes to economic issues, Obama inspires his base more than Romney does his. But the two are evenly matched when it comes to carrying out economic objectives.
Gordon Brown: Europe needs a global rescue

The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.
Briefing
Five things Ron Paul wants from the Republican National Convention

It looks as if Ron Paul is going to be an active participant in the Republican National Convention in Tampa this August. Here’s our take on the five things Paul hopes to gain from staying within his party’s tent in 2012.
OECD concerned that eurozone crisis could threaten world recovery (+video)

The Organization of Economic Cooperation and Development said Tuesday the eurozone must get member nations with debt problems under control, so as to not pose problems for a less than robust world economic recovery.
The Reformed Broker
Explaining the bumpy stock market

US stocks are being pushed lower by factors like uncertainly in Europe, and pulled higher by better jobs data and good news on the housing market. It can be hard to see from a day to day perspective.
Paper Economy
Chicago Fed: US economy improving

The Chicago Federal Reserve National Activity Index, a weighted index of 85 economic indicators, showed signs of improvement for the US economy.
Obama, G-8: Recovery takes both growth and cutting

Confronting an economic crisis that threatens them all, President Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.
6 stories about life with your adult children

In "Slouching Toward Adulthood," Sally Koslow shares what she learned about the differences between the boomer and Facebook generations.
China is a lead cyberattacker of US military computers, Pentagon reports

China is especially interested in gleaning how best to defend its own computer networks from cyberattack, says a Pentagon report on cyberwar threats. But China is also improving its offensive abilities.
G8 summit: Euro crisis and possible 'Grexit' overshadow agenda

The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.
The Circle Bastiat
Let's leave the labor market alone

The US labor markets are enormously flexible and dynamic. So why regulate them?
China rails at 30 percent tariff on solar panels

China says the US is "deliberately provoking trade friction in the clean energy sector." The US says Chinese exporters were dumping cut-price solar panels in the US market.
US imposes tariff on Chinese solar panels, a victory for US manufacturers

US manufacturers had sought the ruling by the Commerce Department that Chinese firms were dumping solar panels, but the dispute is likely to aggravate US-China relations.
How Greek economic woes could help US consumers

Fears that Greece may default on its debt are spurring interest in US Treasury bonds, driving down interest rates on mortgages and auto loans – but not (alas) for credit card debt.
Romney's former rivals gloss over earlier anti-Romney remarks

One by one — with the exception of holdout Ron Paul — the GOP also-rans have coughed up endorsements of their onetime rival.
Decoder Wire
Could Ron Paul really have an impact on the GOP convention?

The Ron Paul campaign issued a memo outlining its strategy to secure 'the greatest possible impact' on the GOP convention. But its influence may be more symbolic than practical.
JP Morgan loss: Did US regulators know what CEO Jamie Dimon apparently didn't? (+video)

Federal regulators embedded at JP Morgan are supposed to get the reports that CEO Jamie Dimon gets. But in the case of JP Morgan's $2 billion loss, that might not have been much help.
Obama "vampire" ads target Romney on economy (+video)

The President's re-election campaign is making a full-court press including TV ads, web video and media appearances.