Chris Varvares News
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Ordinarily we call a deal in which neither side gets what it wants a victory for democracy. Shared sacrifice produces moderation and probity.
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Economics isn’t rocket science, but the U.S. economy is a little like a rocket. If it has enough thrust, it can escape the tug of economic gravity. Not enough, and it just might go into a tailspin. Economists at the Federal Reserve and elsewhere are studying whether today’s slow growth is a precursor to an outright recession -- and if so, why.
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Phil Lubov wore his favorite striped blue tie and brought a stack of resumes, aiming to land a holiday-season sales job to replace the retail position he lost in May. Part-time journalism teacher Gabe Walker said he arrived early, trying to boost his income.
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Goldman Sachs Group Inc. is among major banks cutting their forecasts for third-quarter U.S. growth as business inventories swell and consumer confidence declines.
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Applicants weren’t deterred by the heavy rain that fell in San Francisco when local Jamba Inc. outlets opened their doors for the smoothie chain’s first nationwide summer job fair on March 27.
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Companies in the U.S. are relying on existing workers and temporary employees instead of hiring, helping to explain why payrolls grew less than forecast in June.
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In selling an expanded payroll tax cut to lawmakers, the Obama administration faces the predicament it confronts in defending its $825 billion stimulus package: making a case that the economy would be worse without it.
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Deja vu it ain’t.
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James Bullard, president of the Federal Reserve Bank of St. Louis, said current central bank policy is “appropriately easy” and another recession is unlikely.
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The world economic recovery may be sturdy enough to withstand the double-whammy of Japan’s 9.0- magnitude earthquake and the surge in crude-oil prices triggered by tensions in the Middle East.
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