| Jul 31, 2013
This is a week of clues, with economists and investors watching for signals that the economy and stock market are ready to stand on their own with less help from the Federal Reserve's pacifying bond-buying program.
Stock investors reacted nervously in...
| Aug 4, 2013
| 5:00 AM
Last month, alarm bells were nearly ringing in business and political circles because China's latest gross domestic product figure came in lower than expected — at 7.5 percent. Some rather eminent people immediately came out to proclaim the need for...
| Jul 18, 2013
| 4:16 PM
America spends more on its military than any other country. U.S. military spending in 2012 was $682 billion, which is $516 billion more than incurred by China, the next biggest spender. This means the U.S. has the most technologically advanced and best-...
| Jun 22, 2013
| 11:32 AM
My favorite story in The Baltimore Sun last week was by my colleague Eileen Ambrose, reporting on how Marylanders are a bunch of whiners, at least according to a state-by-state breakdown of the complaints received by the federal Consumer Financial...
| Apr 5, 2013
| 5:05 AM
WASHINGTON (AP) — From household wealth to spending at stores, many of the U.S. economy's vital signs have recovered from the damage done by the Great Recession.
Home foreclosures and layoffs have dropped to pre-recession levels. Economic output...
| Mar 20, 2013
| 12:25 PM
WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...
| Feb 27, 2013
| 6:28 AM
WASHINGTON (AP) — An ax is scheduled to hit the federal budget Friday: Unless the White House and Congress reach a budget deal by then, automatic cuts will carve $85 billion out of the budget through Sept. 30 and $1.2 trillion over the next decade....
| Feb 18, 2013
| 9:30 AM
WASHINGTON -- President Obama and Democrats want more jobs. So do Republicans. Heck, everyone does. Yet, job creation is weak. It's true that the economy has generated 5.5 million jobs from its low point. Still, there are 3.2 million fewer jobs now than...
| Feb 25, 2013
| 9:46 AM
WASHINGTON -- How big is the national debt?
You'd think this would be an easy question. Surely we know how much the government owes. Unfortunately, it's not that simple. The true national debt could be triple the conventional estimate, anywhere from $11...
| Feb 10, 2013
| 6:22 PM
WASHINGTON — With his chronically gravelly voice and relentlessly liberal agenda, Sherrod Brown seems to have stepped out of "Les Miserables," hoarse from singing revolutionary anthems at the barricades. Today, Ohio’s senior senator has a...
| Jun 12, 2013
| 4:31 PM
There was some good news and bad news, for both Orange County and the nation, presented Wednesday morning during the midyear update of Chapman University's annual Economic Forecast.
One tidbit of local good fortune? Construction jobs, fueled by a strong...