Reports are now suggesting that President Obama will propose a $300 billion effort to jump-start the economy when he delivers a policy address before both houses of Congress tomorrow night. As we wrote yesterday, the package will likely include a mix of payroll tax cuts–an extension of the one now in place for employees, and
Continue reading …Reports indicate that investigators in New York are planning to widen their probe into banking giant Goldman Sachs and its role in marketing mortgage securities that touched off the 2008 financial meltdown. Prosecutors with the Manhattan district attorney’s office have subpoenaed investors, including some hedge funds, seeking details on how Goldman sold the mortgage securities,
Continue reading …Thanks in part to the deficit and a declining faith in government, the U.S. fell one spot to fifth place in an annual ranking of the world’s most competitive economies. In the new rankings, put out by the World Economic Forum (best known for its annual Davos confab), Switzerland, Singapore, Sweden, and Finland took the
Continue reading …Sprint, the nation’s number three wireless carrier, has filed an antitrust lawsuit aimed at blocking the proposed $39 billion purchase by AT&T of T-Mobile. The lawsuit follows a similar one filed last week by the U.S. Justice Department.
Continue reading …On Thursday night in front of a joint session of Congress, President Obama will lay out his plans to fix the struggling economy and finally spur job creation. In advance, he’s been getting plenty of advice, from across the political spectrum, about what the economy needs right now. So who’s been arguing for what–and perhaps
Continue reading …Are the experts more likely to err on the high side or the low side when they predict how many jobs the economy created each month? Nate Silver of the New York Times looked at every monthly jobs report since 2000 to find out. His conclusion: “Over the past ten years, there have been 89
Continue reading …President Obama isn’t the only candidate for the White House who’s set to give a major speech on the economy this week. One of his main rivals, former Massachusetts governor Mitt Romney, will lay out his own job creation plans this afternoon. And in an op-ed in USA Today, Romney offered a sneak peek at
Continue reading …An appeal to educators in The Lookout audience: Are you planning on talking about the 10th anniversary of the Sept. 11 attacks with your students? If so, we want to hear from you about how you plan to tackle the event in your classroom, and what techniques have or haven’t worked for you in the
Continue reading …An appeal to educators in The Lookout audience: Are you planning on talking about the 10th anniversary of the Sept. 11 attacks with your students? If so, we want to hear from you about how you plan to tackle the event in your classroom, and what techniques have or haven’t worked for you in the
Continue reading …With President Obama set to lay out his job creation ideas in a speech Thursday, a new Washington Post/ABC News poll has found that more than 60 percent of respondents disapprove of his handling of the economy. The president’s overall approval number sank to 43 percent, a new career low. Read the full story here.
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