Political Economy: August 15, 2010 - August 21, 2010
Morning briefing: With oil falling toward $70/barrel, will OPEC restrict production?
1. European Central Bank council member Axel Weber said stimulus measures, including unlimited lending to banks, should be kept in place at least through the end of the year. The euro fell to its weakest level against the dollar in...
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Ariana Eunjung Cha
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August 20, 2010; 8:19 AM ET |
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Economic agenda: Friday, Aug. 20, 2010
At 10 a.m. -- The Labor Department releases data for July on regional and state unemployment, as well as on mass layoffs....
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Mike Shepard
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August 20, 2010; 8:01 AM ET |
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New jobless claims up, economic recovery in serious doubt -- or worse
On Thursday morning, the Labor Department said that new jobless claims filed last week unexpectedly rose by 12,000 to hit 500,000, the first time since November that the half-million mark has been reached.
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Frank Ahrens
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August 19, 2010; 1:14 PM ET |
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U.S. Economy
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Morning briefing: Japan considers additional stimulus
1. Japan may be considering additional stimulus measures as it continues to assess the impact of the yen's rise, the Sankei newspaper reported. 2. Greece has fulfilled conditions to receive more aid, according to the European Commission. 3. Taiwan's GDP...
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Ariana Eunjung Cha
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August 19, 2010; 8:30 AM ET |
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*Morning briefing
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Economic agenda: Thursday, Aug. 19, 2010
At 8:30 a.m. -- The Labor Department releases data on weekly jobless claims. Economists surveyed by Bloomberg are expecting a slight declines in filings, to 478,000. At 10 a.m. -- The Conference Board publishes its index of leading economic...
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Ariana Eunjung Cha
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August 19, 2010; 7:59 AM ET |
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Econosphere: 'Elizabeth Warren or bust'
By Dylan Matthews Elizabeth Warren is the most prominent and polarizing candidate to lead the new Bureau of Consumer Financial Protection. The idea for an independent federal agency to protect ordinary borrowers from abuses by lenders was largely Warren's idea,...
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Dylan Matthews
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August 18, 2010; 11:01 AM ET |
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Morning briefing: Banking regulations could trim 0.38% off U.S. GDP growth
1. The Basel Committee on Banking Supervision responded to worries from banks that proposed regulations would slow down economic growth. The committee said in a report today that the impact would be "modest" and that it would lower GDP growth...
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Ariana Eunjung Cha
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August 18, 2010; 8:30 AM ET |
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Economic agenda: Wednesday, Aug. 18. 2010
At noon -- Top administration officials are to announce a round of funding for broadband services. Agriculture Secretary Tom Vilsack and Commerce Secretary Gary Locke are scheduled to speak....
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Ariana Eunjung Cha
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August 18, 2010; 7:43 AM ET |
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Farmer Bernanke, dry fields, and other monetary policy metaphors
By Neil Irwin In a segment on the Rachel Maddow Show Monday night, guest host Christopher Hayes attacked the Federal Reserve for not taking more aggressive steps to support the economy--and developed an elegant metaphor for monetary policy in the...
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Neil Irwin
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August 17, 2010; 4:14 PM ET |
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Morning briefing: World Bank offers $900 million aid to Pakistan
1. The World Bank pledged $900 million to aid Pakistan, which is facing a growing humanitarian disaster due to flooding. 2. The Bank of England's governor warned that the country may face inflation for longer than expected. 3. China's central...
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Ariana Eunjung Cha
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August 17, 2010; 8:21 AM ET |
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Economic agenda: Tuesday, Aug. 17, 2010
At 8:30 a.m. -- The Labor Department releases data on inflation at the wholesale level in July. Economists surveyed by Bloomberg News expect the producer price index will have risen by 0.2 percent. Excluding food and energy, they're looking...
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Ariana Eunjung Cha
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August 17, 2010; 6:58 AM ET |
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GM expected to file for IPO
By Peter Whoriskey General Motors is expected to file the paperwork as early as Tuesday for an initial public offering of stock, setting the stage for the U.S. government to begin selling off its majority stake in the automaker. The...
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Peter Whoriskey
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August 16, 2010; 6:49 PM ET |
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Obama the Energizer Bunny?
President Obama is the Energizer Bunny. There he was again Monday, touting the job-saving, environment-friendly electric battery and telling workers at a battery factory in Wisconsin that "when new batteries to store solar power come off the line, I want to see printed on the side, 'Made in America.' "
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By Michael D. Shear
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August 16, 2010; 5:41 PM ET |
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Morning briefing: Weaker-than-expected Japanese GDP
1. China jumped past Japan to become the world's No. 2 economy after the United States. 2. Weaker-than-expected Japanese GDP data contributed to fears about the global recovery and further boosted the yen and sent Asian and European markets and...
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Ariana Eunjung Cha
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August 16, 2010; 9:25 AM ET |
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*Morning briefing
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Economic agenda: Monday, Aug. 16, 2010
At 8:30 a.m. -- NY Fed - Empire Manufacturing Index for August released. Index is forecast to have rebounded to 8.30. At 9 a.m. -- Net Long-Term Treasury International Capital Flows for June. Economists expect a surplus of $45.7...
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Ariana Eunjung Cha
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August 16, 2010; 6:54 AM ET |
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Week ahead: inflation, housing, industrial sector data
The big day for economy-watchers this week will be Tuesday, when a slew of data is to be released that should give new insights into inflation, housing and the industrial sector. Tuesday Usually, economists are rooting for low inflation numbers....
By
Neil Irwin
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August 16, 2010; 6:44 AM ET |
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