economy
Business as usual? Federal Reserve keeps interest rates near zero
January 29, 2009Economic news worsened Wednesday as the House of Representatives voted on the stimulus package with the Federal Reserve Board’s Open Market Committee admitting that the “economy has weakened further. Industrial production, housing starts, and employment have...
Read more‘Country needs our help’ — progressives urged to rally around recovery plan
January 29, 2009WASHINGTON — With more people filing for unemployment than at any time in the past quarter century amid the worst financial crisis since the Great Depression, the head of a key center for labor and progressive...
Read moreHouse set to vote on economic stimulus package
January 29, 2009With over 75,000 layoffs announced earlier in the week, the House of Representatives is set to vote Wednesday on a $825 billion economic stimulus package, the American Recovery and Reinvestment Act, HR 1. The plan is...
Read moreDetroit rally backs Obama economic recovery program
January 16, 2009DETROIT — 2009 is beginning as those who voted for change imagined: grassroots groups are turning the hope that blossomed last November into action. In this hard-hit city, organizing is under way to change things from...
Read moreCalifornia budget: Back to Square One, as disaster looms
January 9, 2009he Gordian knot that is California’s budget process got a lot more complicated this week, as Republican Governor Arnold Schwarzenegger Jan. 6 vetoed a complex of compromise budget measures legislative Democrats sent him for signature, after...
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