Cynthia and Gerald Matthews left a booming property market in Ottawa, the Canadian capital, to buy a home in Bloomington, Indiana, where real estate prices are beginning to recover from a five-year slump.
Dean Maki , chief U.S. economist at Barclays Capital, says the worst is over for the U.S. housing sector. Dean Baker , co-director of the Center for Economic and Policy Research, expects another painful decline.
Representative Paul Ryan, chairman of the House Budget Committee, declared this month that the U.S. national debt “is hurting our economy today.” It’s an idea embraced by almost every Republican and even some Democrats.
President Barack Obama struck a familiar chord when he named Elizabeth Warren to help set up a new consumer protection bureau: putting a prominent figure in an advisory role to validate his economic message.
For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank’s emergency-lending programs remains so secretive that names of borrowers may be hidden from the Fed itself.
President Barack Obama may put his mark on the World Bank by nominating Lawrence Summers, his former National Economic Council director, to lead the bank when Robert Zoellick’s term expires later this year, according to two people familiar with the matter.
TONIGHT on Charlie Rose @ 8p & 10p ET, U.S. Representative for Illinois Jan Schakowsky and Dean Baker, co-director of the Center for Economic and Policy Research, discuss the national deficit. Actor Michael Caine talks about his second autobiography, ``The Elephant to Hollywood.’’