James Glassman News
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The U.S. Securities and Exchange Commission’s Investor Advisory Committee adopted recommendations today asking the agency to rewrite its proposed rule on target- date retirement funds.
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Argentina’s 12-year fight to shake off its 2001 financial crisis is in the hands of U.S. judges who assailed its “continual disregard” for creditor rights and refused to overturn lower court orders the nation repay billions of dollars in debt it defaulted on when its economy buckled.
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James Glassman , a senior economist at JPMorgan Chase & Co. , said it was a mistake for him to call members of a Senate panel ignorant and to call for “grownups to step in” to the financial reform debate.
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JPMorgan Chase & Co. apologized after James Glassman , a senior economist at the bank, said members of the Senate’s Permanent Subcommittee on Investigations showed ignorance of market economics.
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The U.S. economy “lost several decades of work in this last recession,” and many states, such as Ohio, continue to struggle with widespread joblessness , said James Glassman , senior economist at JP Morgan Chase & Co. in New York.
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The U.S. wrapped up a third year of employment growth with a gain in December, showing the world’s largest economy was able to endure an intensifying budget battle on Capitol Hill.
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The Federal Reserve’s record monetary stimulus since 2008 has accelerated a broad-based weakening trend in the dollar and buoyed export growth as it spurred foreign demand for U.S. products.
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American employers in April added more jobs than forecast and the labor market in the prior two months was stronger than initially estimated, indicating the world’s largest economy is weathering the impact of higher fuel prices.
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Unemployment won’t ease to 4.5 or 5 percent for 10 years, according to Lakshman Achuthan , managing director of the Economic Cycle Research Institute, and James Glassman , senior economist at JPMorgan Chase & Co.
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Job gains in the U.S. picked up last month and the unemployment rate unexpectedly fell to the lowest level since March 2009, a decline augmented by the departure of Americans from the labor force.
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