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Stop the deficit extremists
The U.S. economy is improving, yet Congress seems still to be in the grip of the delirium that shrinking the deficit in the near term is still a matter of paramount urgency. That's what's prevented lawmakers from dealing with their real task, which is...
Tags: Unemployment, Chuck Hagel, Tea Party Movement, Politics, Mitt Romney
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49 states enjoyed GDP growth last year, study says
All states in the U.S., with the exception of Connecticut, saw growth in gross domestic product last year, a new study says. Leading the way was North Dakota, where a wealth of oil fueled by fracking in the Bakken Shale has led to boom times and a 13.4%...
Tags: Dannel P. Malloy , Economic Indicator
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Federal deficit shrinks at surprising rate
WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...
Tags: Debt Market, Fiscal Cliff, Paul Ryan, U.S. Congress, Barack Obama
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Economic growth, at 2.5%, falls below expectations
WASHINGTON -- The pace of economic growth picked up in the first quarter, but not nearly as fast as many analysts had forecast -- an unwelcome sign given other recent indicators that the recovery is losing some steam and further government spending cuts...
Tags: Productivity, Quarterly or Semiannual Financial Statements, Economic Indicator, Weather Reports, Weather
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How an Excel error fueled panic over the federal debt
One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And...
Tags: Public Finance, Productivity, Paul Ryan, Politics, Economic Indicator
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To create jobs, the U.S. must spend
Just before the congressional spring break, a Senate budget proposal to decrease, but not eliminate, the deficit over 10 years was denounced as "pro debt" by an Alabama senator. It was the kind of proud and loud anti-deficit rhetoric that, no matter how...
Tags: Unemployment, Federal Reserve, Labor Markets, Public Finance, Government
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China's growth could plunge to less than 1% by 2030, study says
China's zooming economy may feel the crunch in coming years as its workforce ages and productivity slips, potentially dragging down the global economy, according to a recent study. In a worst-case scenario, economic growth in China could drop to less...
Tags: Federal Reserve, Productivity, China, Economic Indicator, United Nations
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Dow hits a record, but who's reaping the rewards?
You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?" The joke needs...
Tags: JPMorgan Chase & Co., Jamie Dimon, Federal Reserve, Lloyd Blankfein, Stock Market
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U.S. economy grew late last year, but barely
WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration. The nation's gross domestic product, or the...
Tags: Land Price, Ben Bernanke, European Debt Crisis, Petroleum Industry, Economic Indicator
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Most economists see 'sequestration' budget cuts as unavoidable
WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy? Very little, according to a survey of...
Tags: Labor Markets, Fiscal Cliff, Government, National Government, Politics
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Playing with fiscal fire
Federal statisticians issued unexpectedly bad news Wednesday, saying the economy contracted in the last three months of 2012 — the first downturn since the recovery began in mid-2009. The sour numbers weren't as bad as they seemed at first, yet they...
Tags: Republican Party, Fiscal Cliff, Economic Indicator, Politics, U.S. Congress
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IMF sees global growth improving in 2013
WASHINGTON -- For a change, there's some good news on the global economic front: Growth is likely to improve this year, says the International Monetary Fund. Led by stronger expansions in emerging and developing economies, and helped by policy actions...Tags: Global Expansion, China, Japan, Money and Monetary Policy, Politics
Jun 11, 2013
|Column| Los Angeles Times
Jun 10, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Story| Los Angeles Times
Apr 16, 2013
|Story| Los Angeles Times
Apr 5, 2013
|Story| Los Angeles Times
Mar 28, 2013
|Story| Los Angeles Times
Mar 6, 2013
|Column| Los Angeles Times
Feb 28, 2013
|Story| Los Angeles Times
Feb 25, 2013
|Story| Los Angeles Times
Jan 31, 2013
|Story| Los Angeles Times
Jan 23, 2013
|Story| Los Angeles Times
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