California Governor Jerry Brown’s plan to balance the state budget in part with higher taxes on the wealthy depends on a group of top earners that shrank by one-third from 2007 to 2009.
The sharpest drop in unemployment in more than a quarter century obscures a simple fact: The jobs market still isn’t working for many Americans.
The U.S. real estate market threatens to undercut the Obama administration’s stimulus-driven economic recovery as home sales resume their record slide following the end of the federal homebuyer tax credit.
Retailers may face a last-minute rush to restock their shelves if household spending improves as it did in the 2009 holiday season.
Unemployment may fall faster than both the Federal Reserve and the White House project as an aging population holds down the supply of workers and an expanding economy increases the demand.
Earnings reports for U.S. companies such as Nike Inc. and United Parcel Service Inc. underscore how executives are searching abroad for profits as growth in the world’s biggest economy slows.
Earnings reports for U.S. companies including Nike Inc. and United Parcel Service Inc. underscore how executives are going abroad to drive profits as growth in the world’s biggest economy slows.
"My guess is it's stock market gains from intellectual property created in California versus bonuses to Wall Street execs."
- Edward Leamer on Jan 11, 2012