Network News

X My Profile
View More Activity





Political Economy: February 20, 2011 - February 26, 2011

What's the probability of a government shutdown?

Congress and President Obama are bracing for a showdown as the possibility of a government shutdown looms larger with each passing day that the budget battle remains unresolved. Federal agencies are already reviewing shutdown plans in anticipation of a possible closure that could begin as early as next week. How likely is this to happen? Intrade, a so-called prediction market that allows you to buy and sell shares based on your guess of the the outcome of hundreds of real-world events, puts the chances of a federal government shutdown at 35 percent.

By Ariana Eunjung Cha  | February 25, 2011; 2:49 PM ET  |  Permalink  |  Comments (0)
 
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Palin, Gingrich, other possible GOP 2012 presidential candidates weigh in on state budget clashes

President Obama has accused Scott Walker, Wisconsin's state's new Republican governor, of an assault on unions. Sarah Palin, Newt Gingrich, Mitt Romney and other possible GOP candidates for president in 2012 take the opposite view.

By Ariana Eunjung Cha  | February 25, 2011; 11:43 AM ET  |  Permalink  |  Comments (5)
Categories:  2012 Presidential elections, States  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Economic agenda: Friday, Feb. 25, 2011

At 8:30 a.m. -- The Commerce Department releases its second revision for fourth-quarter GDP. Economists expect the GDP estimate to change from 3.2 percent to 3.3 percent. At 9:55 a.m. -- The Reuter's/University of Michigan's consumer sentiment index for February...

By Washington Post editors  | February 25, 2011; 6:30 AM ET  |  Permalink  |  Comments (0)
Categories:  *Economic agenda  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

House Republicans question SEC on general counsel's conflict in Madoff probe

House Republicans want to know more about Securities and Exchange Commission general counsel David M. Becker's entanglement in Bernard Madoff's Ponzi scheme. In a letter to SEC chairman Mary Schapiro Thursday, four senior Republicans on the House Financial Services Committee, including Chairman Spencer Bachus of Alabama, asked questions probing whether the matter created any conflict of interest at the agency.

By David Hilzenrath  | February 24, 2011; 4:13 PM ET  |  Permalink  |  Comments (8)
Categories:  Congress, SEC  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Toyota recalls 2.1 million vehicles in U.S.

Toyota announced Thursday morning that it is recalling another 2.1 million vehicles in the United States for problems related to unintended acceleration. The latest recall is a massive setback for the company's efforts to move beyond the highly publicized safety defects that prompted Congressional hearings and led to staggered sales.

By Peter Whoriskey  | February 24, 2011; 10:13 AM ET  |  Permalink  |  Comments (11)
Categories:  Auto industry, Toyota  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Economic agenda: Thursday, Feb. 24, 2011

At 8:30 a.m. -- The Labor Department releases data on weekly unemployment claims. At 8:30 a.m. -- The Commerce Department releases durable goods for January. Orders for durable goods are expected to show a rise of 3 percent. However, analysts...

By Washington Post editors  | February 24, 2011; 6:30 AM ET  |  Permalink  |  Comments (0)
Categories:  *Economic agenda  | Tags:  CFTC, Elmendorf, FHA, Obama  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Unions plan Sat. protests in every state capital

A collection of prominent progressive groups and unions, including MoveOn.org and the Service Employees International Union, are working to organize rallies in every state capital at noon local time on Saturday. The demonstrations, organizers said, are to show solidarity with union workers in Wisconsin and to protest the cuts to wages and public services proposed by Republican governors throughout the country.Those planned protests come on the heels of the massive gatherings over the past week in Wisconsin, as well as similar demonstrations in Ohio, Indiana and other states where lawmakers are considering curbs on the collective bargaining power of unions.

By Brady Dennis  | February 23, 2011; 2:23 PM ET  |  Permalink  |  Comments (52)
Categories:  Labor unions  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Facebook exec, venture capitalist, union leaders among those named to Obama's jobs council

President Obama in January tapped General Electric chief executive Jeffrey Immelt to head an industry group that would advise him on how American companies could create more jobs. But the White House had been hush-hush since then about who exactly would sit on that council. On Thursday, the White House (finally) relased the list of business heavyweights who on the panel. The is list is very tech-heavy. In addition to Intel CEO Paul S. Otelliniand former AOL Time Warner CEO Steve Case, whose names were leaked earlier, the list also includes Silicon Valley venture capitalist John Doerr and Facebook COO Sheryl Sandberg. Among the other executives on the council are Kenneth I. Chenault, CEO of American Express, and Gary Kelly, CEO of Southwest Airlines.

By Ariana Eunjung Cha  | February 23, 2011; 1:31 PM ET  |  Permalink  |  Comments (1)
Categories:  Corporations, White House  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Unrest in Libya prompts flurry of forecasting about gas and oil prices

When it comes to the impact of the turmoil in Libya on global oil and gas prices, analysts seem to agree on at least one thing: prices will be driven up. But beyond that, there seems to be little consensus...

By Sarah Halzack  | February 23, 2011; 12:54 PM ET  |  Permalink  |  Comments (3)
 
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Oil prices surge as violence in Libya escalates

Oil prices surged for the fifth day on Wednesday as anti-government protests in North Africa spread to the oil exporting nation of Libya. Crude oil prices were approaching $100 a barrel in New York. Traders were shorting the dollar and going long in gold as a safe haven. Shares of airline companies, some of which announced they were raising fares due the rise in fuel prices, were falling. American Airlines was off 5 percent and Delta 2.5 percent. Southwest and JetBlue were also in negative territory.

By Ariana Eunjung Cha  | February 23, 2011; 12:37 PM ET  |  Permalink  |  Comments (23)
Categories:  Oil  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Economic agenda: Wednesday, Feb. 23, 2011

At 10 a.m. -- The National Association of Realtors releases data on existing-home sales, which are expected to show that the pace of transactions edged down 1.5 percent in January, following a steep 12.3 percent rise in December. At 10...

By Washington Post editors  | February 23, 2011; 6:34 AM ET  |  Permalink  |  Comments (0)
Categories:  *Economic agenda  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

New studies show changes to credit cards after landmark law

One year after sweeping reforms of the credit card industry took effect, two new government surveys released Tuesday found that card issuers have largely stopped hiking interest rates on customers' existing balances, reduced penalty fees and all but eliminated overlimit...

By Ylan Mui  | February 22, 2011; 7:00 AM ET  |  Permalink  |  Comments (17)
Categories:  Consumer Financial Protection Bureau, Federal Reserve, Regulation  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company