Published on November 24, 2010 by Technology Slice
US Fed Lowers Economic Outlook – The US economy will grow only 2.4 per cent to 2.5 per cent this year, Fed officials said overnight in an updated forecast. That’s down sharply from a previous projection of three per cent to 3.5 per cent. Next year, the economy will expand by three per cent to [...]
Tags: Bank Presidents, Board Of Governors, Current Unemployment Rate, Economic Outlook, economy, Eight Months, Fed Officials, interest rates, Nov 2, Regional Bank, S Board, Stimulus, Tick, Treasury Bonds
Posted in Money
Published on July 31, 2010 by Technology Slice
Gross Domestic Product Growth Slows In U.S. – The nation’s gross domestic product grew at an annualized rate of 2.4% in the second quarter, falling from an upwardly revised 3.7% expansion in the first three months of the year, the Commerce Department said Friday. While many economists had expected growth to moderate, the reported decline [...]
Tags: American Economy, Chief Economist, Commerce Department, Consumer Spending, Corporate America, Economy Businesses, Fades, Finite Period, First Three Months, Gross Domestic Product, Housing Market, Inventories, Mark Vitner, Months Of The Year, New Computers, Paul Ashworth, Slowdown, Stimulus, Trade Deficit, Wells Fargo
Posted in Money
Published on July 21, 2010 by Technology Slice
Congress Passes Unemployment Extension 2010 – A bill that would push back the deadline to file for extended unemployment benefits until the end of November passed a key procedural hurdle in the Senate Tuesday. The vote was 60-40, the minimum margin needed to end debate on the measure.
Tags: Chambers, Congress, Democrat, Democratic Leadership, Economic Time, Extended Unemployment Benefits, Federal Unemployment, Food On The Table, Hostage, Hurdle, Lawmakers, Legislation, obama, Senate Republicans, Stamp Of Approval, Stimulus, Tiers, Unemployment Extension, Unemployment Insurance, Unemployment Payments
Posted in Politics
Published on June 3, 2010 by Technology Slice
Stimulus Spending Propping Economy Up – The economy grew 0.5 per cent in the March quarter, driven by a further 11.6 per cent rise in government construction spending, which accounted for more than all of the economic growth offsetting slides in business investment, private housing investment and exports.
Tags: Barnaby Joyce, Business Investment, Doors, Economic Growth, economy, Finance Ministers, Financial Crisis, G20, Government Construction, Gruen, korea, Parliament, Senate Estimates Committee, Slides, Small Business, Stimulus, Swan, Treasurer Wayne, Treasury Official, Wayne Swan
Posted in Money
Published on March 24, 2010 by Technology Slice
Big Banks Holding Back On Business Loans – Banks’ fear of taking on excessive risk following the financial crisis may hinder Australian’s recovery, according to analysis from St George Bank. St. George chief economist Justin Smirk said the major banks have changed lending behaviour, limiting the volume of loans going to the business sector in [...]
Tags: Access Economics, Australian Economy, Business Loans, Business Sector, Chief Economist, Commodity Prices, Construction Industry, Downturn, Excessive Risk, Financial Crisis, Funding Constraints, Global Financial Turmoil, Global Slowdown, Medium Sized Businesses, Outlays, Private Investment, Rebound, Shrapnel, St George Bank, Stimulus
Posted in Money
No Comments