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Archive for January, 2012
Board Post, January 31 2012 (slacktivist)
Obama plays up auto industry success story (AP)
AP – President Barack Obama hailed the rebound of the U.S. auto industry on Tuesday, trumpeting an economic story he hopes to use to his political advantage in key Rust Belt states such as Michigan and Ohio. In a not-so-veiled shot at Republican presidential front-runner Mitt Romney, Obama said it was worth remembering that...
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Lawmakers Reach Deal On $63 Billion FAA Bill
The House Transportation and Infrastructure Committee said the bill provides the long-term stable funding the FAA needs as it transitions from an air traffic control system that’s based on World War II-era technology to one based on GPS technology. It has continued to limp along under a series of 23 short-term extensions since 2007....
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One Dam Metaphor For The 2012 Global Financial System
pemimg style=float:right; src=http://static5.businessinsider.com/image/4f184b42eab8ea7227000033-399-299/hoover-dam.jpg border=0 alt=Hoover Dam width=399 height=299 //ememWhat do you do when flood waters threaten the dam? If you’re the Federal Reserve, you close the floodgates and let the water rise./em/p pstrongMetaphors have an uncanny ability to capture the essence of complex situations. Here is one dam metaphor that distills and explains the...
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Trying to read between the lines of the Fed rate message (Reuters)
Reuters – For a central bank that wants to make transparency its hallmark, the Federal Reserve’s new forecast of nearly three more years of super-low rates has left room for a few doubts.
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Defying Camping Ban, Occupy D.C. Protesters Remain In Place
The protesters were girding for a confrontation with U.S. Park Police, but that hasn’t happened. Instead, they erected a massive blue tent in the middle of downtown Washington. » E-Mail This » Add to Del.icio.us
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Euro zone jobless hits highest level since birth of euro (Reuters)
Reuters – Euro zone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe’s stagnating economy.
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In Italy, Art As A Window Into Modern Banking
With a nod to the current financial crisis in Europe, an Italian art exhibit looks at the often controversial role that banking played in expanding trade and helping usher in the Renaissance. » E-Mail This » Add to Del.icio.us
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(Nearly) Open Thread, January 30 2012 (slacktivist)
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Economic Snapshot for January 2012
The economy is gradually gaining strength, creating more jobs, and reducing the unemployment rate. Economic pain for American families, though, remains significant with relatively high unemployment, persistent long-term unemployment, lingering household wealth losses, and crushing debt burdens. The economy will have to grow much faster for much longer to restore economic security for America’s...
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Japan’s industrial output rebounds 4 percent (AP)
AP – Japan’s industrial production rebounded 4 percent in December from November and household spending increased for a second month, suggesting the still-weak economy is gaining some steam after last year’s tsunami disaster and flooding in Thailand that disrupted manufacturers’ supply chains.
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India To Continue Buying Iran’s Oil, Defying Sanctions
India has joined China in saying it will not cut back on oil imports from Iran, despite stiff new U.S. and European sanctions designed to pressure Tehran over its nuclear program. » E-Mail This » Add to Del.icio.us
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