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Economy Archives

January 1, 2005

This Can't Go On Forever - So It Won't

1/01/05 Stiglitz, Guardian/UK, This Can't Go On Forever - So It Won't

January 3, 2005

Disaster's Damage to Economies May Be Minor

1/03/04 Waldman & Brooke, NYT, Disaster's Damage to Economies May Be Minor

January 5, 2005

Fed Minutes Reveal More Worry About Inflation Threat

1/05/05 Henderson, Wa. Post, Fed Minutes Reveal More Worry About Inflation Threat

January 7, 2005

Number of Jobs Rose Last Month Below Wall Street Predictions

1/07/05 O'Neil, NYT, Number of Jobs Rose Last Month Below Wall Street Predictions

January 15, 2005

Treasury Struggles To Keep Influence

1/15/05 Blustein & Weisman, Wa. Post, Treasury Struggles To Keep Influence

January 16, 2005

Data may add to dollar's doldrums

1/16/05 NYT, Data may add to dollar's doldrums

January 19, 2005

2004 Inflation Measure Highest in 4 Years

1/19/05 Henderson, Wa. Post, 2004 Inflation Measure Highest in 4 Years

January 23, 2005

Deficits May Be Wearing Thin at the Fed

1/23/05 Andrews, NYT, Deficits May Be Wearing Thin at the Fed

January 24, 2005

What Could Go Wrong in 2005?

1/24/05 Auerback, AlterNet, What Could Go Wrong in 2005?

January 25, 2005

Currency cooperation crucial

1/25/05 Guardian/UK, Currency cooperation crucial

Budget Office Predicts $368 Billion Deficit This Year

1/25/05 O'Neill, NYT, Budget Office Predicts $368 Billion Deficit This Year

U.S. Faces More Tensions Abroad as Dollar Slides

1/25/05 Sanger, NYT, U.S. Faces More Tensions Abroad as Dollar Slides

January 26, 2005

China's Ever-Growing Oil Needs May Result In A Global Shortage

1/26/05 Investor's Business Daily, China's Ever-Growing Oil Needs May Result In A Global Shortage

Bush Aides Say Budget Deficit Will Rise Again

1/26/05 Andrews, NYT, Bush Aides Say Budget Deficit Will Rise Again

Chinese economist says his country wants to diversify out of the dollar

1/26/05 Lederer, AP, Chinese economist says his country wants to diversify out of the dollar

U.N. Report Calls for Help to Ease U.S. Budget and Trade Deficits

12/26/05 Becker, NYT, U.N. Report Calls for Help to Ease U.S. Budget and Trade Deficits

State of the Dream 2005: Disowned In The Ownership Society

1/26/05 United for a Fair Economy, State of the Dream 2005: Disowned In The Ownership Society

January 27, 2005

Sinking Dollar Dominates Davos Debate

1/27/05 Landler, NYT, Sinking Dollar Dominates Davos Debate

Cut in U.S. Housing Aid Raises Concerns for Poor

1/27/05 Chen, NYT, Cut in U.S. Housing Aid Raises Concerns for Poor

China Passes U.S. In Trade With Japan

1/27/05 Blustein, Wa. Post, China Passes U.S. In Trade With Japan

High-Tech Hijack:Corporations ramp up offshoring of IT service jobs

1/27/05 Moberg, ITT, High-Tech Hijack:Corporations ramp up offshoring of IT service jobs

It Can Happen Here: Bankruptcy is for other countries, not the United States of America -- right?

1/27/05 Kuttner, TAP, It Can Happen Here: Bankruptcy is for other countries, not the United States of America -- right?

January 28, 2005

Economy Slowed in 4th Quarter, U.S. Report Says

1/28/05 AP, Economy Slowed in 4th Quarter, U.S. Report Says

If China Shuns Dollar, Look Out US Bonds

1/28/05 Pesek, Bloomberg, If China Shuns Dollar, Look Out US Bonds

January 30, 2005

Federal Reserve Is Expected to Continue Raising Rates

1/31/05 Andrews, NYT, Federal Reserve Is Expected to Continue Raising Rates

February 2, 2005

Feds Nudge Interest Rate to 2.5 Percent

2/02/05 Henderson, Wa. Post, Feds Nudge Interest Rate to 2.5 Percent

Paying the Price For a Land Boom

2/02/05 McCrummen, Wa. Post, Paying the Price For a Land Boom

February 5, 2005

Deficit Puts Pressure on Bush Budget

2/05/05 CHB, Deficit Puts Pressure on Bush Budget

Is the global economy set for trouble?

2/05/05 Weber, BBC, Is the global economy set for trouble?

Russia ends de facto dollar peg and moves to align rouble with euro

2/05/05 Johnson, Financial Times, Russia ends de facto dollar peg and moves to align rouble with euro

February 7, 2005

Bush's Jobless Economy - More Bad News on the Jobs Front

2/07/05 Roberts, COunterPunch, Bush's Jobless Economy - More Bad News on the Jobs Front

Trim Deficit? Only if Bush Uses Magic

2/07/05 Andrews, NYT, Trim Deficit? Only if Bush Uses Magic

Highlights of the FY'06 Budget Request

2/07/05 Center for Arms Control, Highlights of the FY'06 Budget Request

February 10, 2005

U.S. Trade Deficit Reaches a Record $617.7 Billion

2/10/05 AP, U.S. Trade Deficit Reaches a Record $617.7 Billion

February 11, 2005

Trade Chasm Set Unwanted Record in '04

2/11/05 Blustein, Wa. Post, Trade Chasm Set Unwanted Record in '04

February 14, 2005

The Importance of Being Earnest

2/14/05 Editorial, NYT, The Importance of Being Earnest

After Bush Leaves Office, His Budget's Costs Balloon

2/14/05 Weisman & Baker, Wa. Post, After Bush Leaves Office, His Budget's Costs Balloon

February 15, 2005

Bush Seeks $81.9 Billion More, Mostly for Forces in Iraq

2/15/05 Schmitt, NYT, Bush Seeks $81.9 Billion More, Mostly for Forces in Iraq

February 16, 2005

Japan in Recession Again as GDP Shrinks

2/16/05 Nishikawa, Wa. Post, Japan in Recession Again as GDP Shrinks

Monetary Policy Report to the Congress

2/16/05 Federal Reserve, Monetary Policy Report to the Congress

February 24, 2005

Honey, I Shrunk the Dollar

2/24/05 Friedman, NYT/Indian Express, Honey, I Shrunk the Dollar

February 27, 2005

Top of the Market, Ma! - Housing Bubble

2/27/05 Kinsley, LA Times, Top of the Market, Ma! - Housing Bubble

March 1, 2005

Speculators Seeing Gold in a Boom in the Prices for Homes

3/01/05 Rich, NYT, Speculators Seeing Gold in a Boom in the Prices for Homes

March 3, 2005

Greenspan Says Federal Budget Deficits Are 'Unsustainable'

3/03/05 Andrews, NYT, Greenspan Says Federal Budget Deficits Are 'Unsustainable'

March 4, 2005

Deficits and Deceit

3/04/05 Krugman, NYT, Deficits and Deceit

March 10, 2005

U.S. Infrastructure Deteriorating, Report Finds

3/10/05 Elsner, Reuters, U.S. Infrastructure Deteriorating, Report Finds

Personal Accounts Could Hasten Social Security Shortfall, GAO Finds

3/10/05 Thomma, Knight-Ridder, Personal Accounts Could Hasten Social Security Shortfall, GAO Finds

March 11, 2005

Trade Gap Widens More Than Expected in January

3/11/05 NYT, Trade Gap Widens More Than Expected in January

March 15, 2005

Asian banks offload their greenbacks

3/15/05 Gordon, The Age, Asian banks offload their greenbacks

March 18, 2005

Destined for Deficits

3/18/05 Dionne, Wa. Post, Destined for Deficits

March 23, 2005

Fed Lifts Rate 7th Time in Year and Warns of Greater Inflation

3/23/05 Andrews, NYT, Fed Lifts Rate 7th Time in Year and Warns of Greater Inflation

Rates rise in US as inflation 'picks up'

3/23/05 Cornwell, Independent/UK, Rates rise in US as inflation 'picks up'

Report on Consumer Prices Adds to Concern Over Inflation

3/23/05 AP, Report on Consumer Prices Adds to Concern Over Inflation This article was replaced at the NY Times and AP with "Factories See Big-Ticket Orders Climb." Boston.com has the original article.

Investment Bubble Builds New China

3/23/05 Kahn, NYT, Investment Bubble Builds New China

March 24, 2005

Report Says Medicare Is in Poor Fiscal Shape

3/24/05 Rosenblaum, NYT, Report Says Medicare Is in Poor Fiscal Shape

March 25, 2005

Trading Places: Real Estate Instead of Dot-Coms

3/25/05 Rich & Leonhardt, NYT, Trading Places: Real Estate Instead of Dot-Coms

Cost-Cutting Medicare Law Is a Money Loser for States

3/25/05 Pear, NYT, Cost-Cutting Medicare Law Is a Money Loser for States

March 29, 2005

Oil prices spread to grapes, TVs, pizza

3/29/05 Marks & Tuttle, CSM, Oil prices spread to grapes, TVs, pizza

March 30, 2005

Mahathir: US dollar collapsing

3/30/05 Mahathir: US dollar collapsing

March 31, 2005

Nationwide records biggest house price fall in decade

3/31/05 Jay, Guardian/UK, Nationwide records biggest house price fall in decade

April 1, 2005

Economy Added Just 110,000 Jobs Last Month

4/01/05 AP, Economy Added Just 110,000 Jobs Last Month

April 2, 2005

The grapes of wrath: depressed French wine producers bomb Government offices

4/02/05 Lichfield, Independent/UK, The grapes of wrath: depressed French wine producers bomb Government offices

April 4, 2005

Opec ready to increase output

4/04/05 Tran, Guardian/UK, Opec ready to increase output

Superspike report raises questions

4/04/05 Porter, Al Jazeera, Superspike report raises questions

April 8, 2005

U.S. Report Sees Gasoline Prices Moving Higher Still

4/08/05 Stevenson & Wald, NYT, U.S. Report Sees Gasoline Prices Moving Higher Still

Coming Sooner Than You Think - The Economic Tsunami

4/08/05 Whitney, CounterPunch, Coming Sooner Than You Think - The Economic Tsunami

April 11, 2005

Average Retail Gas Prices Soar 19 Cents

4/11/05 Chang, Wa. Post, Average Retail Gas Prices Soar 19 Cents

April 12, 2005

U.S.: Pay Gap Widens Between CEOs and Workers

4/12/05 Aslam, OneWorld, U.S.: Pay Gap Widens Between CEOs and Workers

Trade Deficit Surged to Record $61 Billion in February

4/12/05 Porter, NYT, Trade Deficit Surged to Record $61 Billion in February

Fed Worried About U.S. Inflation Rising

4/12/05 Reuters, Fed Worried About U.S. Inflation Rising

April 13, 2005

Benefit claims and unemployment rise

4/13/05 Tran, Guardian/UK, Benefit claims and unemployment rise

April 14, 2005

IMF warns of crisis unless taxes rise

4/14/05 Thornton, Independent/UK, IMF warns of crisis unless taxes rise

April 17, 2005

G-7 Issues Upbeat Growth Outlook, Pledges Action on Trade Imbalances

4/17/05 Blustein, Wa. Post, G-7 Issues Upbeat Growth Outlook, Pledges Action on Trade Imbalances

April 20, 2005

Consumer Prices Climb, Raising Inflation Concerns

4/20/05 Williams, NYT, Consumer Prices Climb, Raising Inflation Concerns

April 21, 2005

Greenspan Renews Call to Address Budget Deficits

4/21/05 AP, Greenspan Renews Call to Address Budget Deficits

April 22, 2005

Big Deficits Mean Higher Taxes

4/22/05 O'Rourke, CHB, Big Deficits Mean Higher Taxes

Seeing Red

4/22/05 McFeatters, CHB, Seeing Red

April 27, 2005

Fears Mount That Germany Faces Recession

4/27/05 Landler, NYT, Fears Mount That Germany Faces Recession

April 28, 2005

Growth Pace of Economy Slowed in 1st Quarter

4/28/05 AP, Growth Pace of Economy Slowed in 1st Quarter

April 29, 2005

Imports increasingly burden US economy

4/29/05 Scherer, CSM, Imports increasingly burden US economy

'What, Me Worry?'

4/29/05 Friedman, NYT, 'What, Me Worry?'

Economy Hits Energy Prices, and the Brakes

4/29/05 Porter, NYT, Economy Hits Energy Prices, and the Brakes

April 30, 2005

A Currency Afloat (for All of 20 Minutes)

4/30/05 Bradsher, NYT, A Currency Afloat (for All of 20 Minutes)

May 3, 2005

The Fed Is Expected to Raise Rates Again

5/03/05 Andrews, NYT, The Fed Is Expected to Raise Rates Again

May 5, 2005

I.B.M. to Lay Off Over 10,000 in Struggle to Keep Up Profits

5/05/05 Lohr, NYT, I.B.M. to Lay Off Over 10,000 in Struggle to Keep Up Profits

May 6, 2005

I.B.M. Job Cuts Will Hit Europe Especially Hard

5/06/05 Landler, NYT, I.B.M. Job Cuts Will Hit Europe Especially Hard

May 10, 2005

CEO Pay is Still on Steroids

5/10/05 Sklar, Providence Journal, CEO Pay is Still on Steroids

The view from Qingdao

5/10/05 Day, BBC, The view from Qingdao

Virtual Secretary Puts New Face on Pakistan

5/10/05 Kalita, Wa. Post, Virtual Secretary Puts New Face on Pakistan

May 11, 2005

Real Wages Fall at Fastest Rate in 14 Years

5/11/05 Swann, Financial Times, Real Wages Fall at Fastest Rate in 14 Years

Report: Global economic outlook dims

5/11/05 Al Jazeera, Report: Global economic outlook dims

May 12, 2005

The Young and the Jobless

5/12/05 Herbert, NYT, The Young and the Jobless

May 14, 2005

U.S. Moves to Limit Imports From China

5/14/05 Becker, NYT, U.S. Moves to Limit Imports From China

May 18, 2005

Japan and China Stop Buying US Debt

5/18/05 Conrad, Kitco Casey, Japan and China Stop Buying US Debt UTJ copy

Are we heading for a fall?

5/18/05 Thornton, Independent/UK, Are we heading for a fall?

May 19, 2005

Greenspan Again Pushes for Restrictions on Mortgage Giants

5/19/05 AP, Greenspan Again Pushes for Restrictions on Mortgage Giants

Now hiring: the hot jobs of the moment

5/19/05 Scherer, CSM, Now hiring: the hot jobs of the moment

Out Through the In Door - The Politics and Economics of Outsourcing

5/19/05 Roberts, CounterPunch, Out Through the In Door - The Politics and Economics of Outsourcing

May 20, 2005

The Chinese Connection

5/20/05 Krugman, NYT, The Chinese Connection