Diane Swonk News
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Any lament that U.S. executives are sitting on cash at their companies instead of investing in plants and equipment may be about to get louder.
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Luke Nichter of Harker Heights, Texas, said he’s not a renter by choice. The Texas A&M University history professor’s $125,000 of student debt means he has no hope of getting a mortgage.
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Federal Reserve Chairman Ben S. Bernanke will not attend the central bank’s marquee conference in Jackson Hole, Wyoming, this year because of a personal scheduling conflict, a Fed spokeswoman said.
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When former Federal Reserve Chairman Alan Greenspan was set to retire, his final appearance in 2005 at the Fed’s annual symposium in Jackson Hole, Wyoming, became a celebration of his legacy.
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Homeowners with underwater mortgages in U.S. states worst-hit by foreclosures are leading refinancings after the government expanded programs to aid borrowers, strengthening the weakest link in the housing recovery.
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Since 2009, Anita Reyes’ wages have been as frozen as Lake Minnetonka in January.
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Bruce Kasman, chief economist for JPMorgan Chase & Co. in New York, and Diane Swonk, chief economist for Mesirow Financial Inc. in Chicago, said the dissent by Federal Reserve Bank of Chicago President Charles Evans may reflect other members’ views on the Federal Open Market Committee.
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The outlook for U.S. business spending is improving as rising earnings, easier credit and pent-up demand prompt companies from Warren Buffett’s Berkshire Hathaway Inc. to Chrysler Group LLC and Lowe’s Cos. to expand.
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Diane Swonk, senior managing director and chief economist at Mesirow Financial, discusses the European debt crisis. Swonk talks to Bloomberg's Kathleen Hays on "The Hays Advantage" on Bloomberg Radio.
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Exports from the U.S. are set to pick up in 2013 after slumping last quarter as global growth strengthens from Asia to Latin America, giving American manufacturers a boost.
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