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Tag: Consumer Spending


Sergio Vassio (CC BY 2.0)

Meet the Secret $256 Million Bank for Right Wing Causes

A new IRS filing reveals that a shadowy Koch brothers-led nonprofit, Freedom Partners, spent nearly a quarter-billion dollars trying to influence 2012 elections and policy discussions. Most of the donors remain secret. Can you say, “oligarchy”?

Posted on Sep 13, 2013 READ MORE



Capitol Hill image via Shutterstock

Earth to Washington: Repeal the Sequester

What is Washington doing to fix the economy? Worse than nothing. It has now adopted the same kind of austerity economics that’s doomed Europe—cutting federal spending and reducing total demand. And the sequester doesn’t end Sept. 30. It takes an even bigger bite out of the federal budget next fiscal year.

Posted on Apr 29, 2013 READ MORE



Don Hankins (CC BY 2.0)

Shortchanged Workers Fuel the Missing Recovery

“Today the stock market is high not from profits from expanding sales revenues, but from labor cost savings,” former Reagan Treasury Secretary Paul Craig Roberts writes in CounterPunch.

Posted on Mar 6, 2013 READ MORE



Flickr / 7bikeframesweldedtogether

Spike in Consumer Spending Spells Danger

Consumer borrowing shot up $15.5 billion in June—three times more than projected—in the biggest increase in credit in four years, with credit card and other types of revolving debt rising by $5.21 billion—the largest jump since spring of 2008. (more)

Posted on Aug 15, 2011 READ MORE


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AP / Sang Tan

GDP Logs a 3.2% Rise in 4th Quarter

Even though it fell short of economists’ expectations, a 3.2 percent rise in the GDP during the last quarter of 2010 has rekindled hopes that the U.S. economy may be moving toward sustainable recovery.

Posted on Jan 28, 2011 READ MORE


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Flickr / specialkrb

U.S. Economy’s Recovery Slows

After climbing 3.7 percent in the first three months of the year, the U.S. economy grew just 2.4 percent in the second quarter, an underwhelming performance that reinforced the reality that the recovery is struggling to find some footing.

Posted on Jul 30, 2010 READ MORE


stock broker
AP / Seth Wenig

Stock Market Slumps on Consumer Spending Concerns

The news from Wall Street wasn’t great as the week wrapped up and trading shut down Friday, although it wasn’t bad across the board. The stock market took a tumble, registering ongoing worries about ... (continued)

Posted on Jun 11, 2010 READ MORE


moviegoers
AP / Robert F. Bukaty

Box Office Sales Buoyant in 2009

Which industries actually thrive in the midst of a crippling recession? There are many ways to approach that question, but over the past year, Americans looking for low-impact escapism on a budget went to the movies, and they did so in numbers that might put some of the hand-wringing about the impact of the Internet and the economy on the film business on hold, at least for the time being.

Posted on Dec 14, 2009 READ MORE


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