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Ben Bernanke on ‘Occupy Wall Street’ protest: I can’t blame them
Senator Bernie Sanders (I-VT) and others questioned Federal Reserve Chairman Ben Bernanke on Tuesday about the ongoing “Occupy Wall Street” protest in lower Manhattan. “Chairman, as you know, there are people demonstrating against Wall Street in New York City and other cities around the country, and I think the perception…
Obama ‘not concerned’ over new recession threat
WASHINGTON (AFP) – US President Barack Obama on Tuesday rejected concerns about a second US recession amid a raft of poor data on US economic growth. “I am not concerned about a double-dip recession,” Obama said at a press conference with German Chancellor Angela Merkel, while acknowledging that there was…
Metro economies grow but job growth slow: report
WASHINGTON (Reuters) – The economies of the biggest U.S. metropolitan areas began to grow again by the end of last year, but the recovery was “slow, uneven and inconsistent” and failed to spur much jobs growth, according to a study by the Brookings Institute released on Monday. “The nation’s 100…
Wall Street insider trading trial picks jury
NEW YORK – The trial of former hedge fund tycoon Raj Rajaratnam began Tuesday in New York with the painstaking selection of a jury in a case prosecutors see as an example of Wall Street corruption and greed. Sri Lankan-born Rajaratnam, 53, used insider information at his Galleon Group fund…
Obama: People still hurting despite recession end
Obama says despite declared end of recession, downturn still very real for millions of people President Barack Obama said Monday that even though the recession has been officially declared over, for the millions of people who are out of work or otherwise struggling “it’s still very real for us.” Focusing…
Obama bemoans ‘sledgehammer’ recession
US President Barack Obama Thursday bemoaned a “sledgehammer” last decade of economic irresponsibility, but insisted his policies were succeeding in powering a genuine recovery. Obama launched a two-day western political swing by touring a plant which makes electric vehicles, a symbol of his plan to spend billions of stimulus dollars…
Shaken Baby Syndrome jumps during US recession: report
The number of cases of Shaken Baby Syndrome, resulting in mostly irreversible neurological damage, jumped within the timeframe of the recession that hit the US economy towards the end of 2007, said a report by four US hospitals. Surprised by the sharp rise in cases of SBS — or abusive…
Movies win in the recession, but music is probably going to eat it
I wasn’t surprised to see that this weekend set the record for highest grossing weekend, in part because we paid $15 a pop for a matinee to see “Avatar”. Of course, that’s in New York; I’m sure that it wasn’t so expensive everywhere else, though having gone to see 99%…
Could be the recession, or could be that everyone learned the calorie count of the Frappuccino
I never completely understood the early morning Starbucks run, myself—it always seemed to me faster to make your own coffee at home and drink it while getting showered and dressed. 99% of my early morning coffee runs over a lifetime are due to either to the fact that I’m moving…
When in doubt, look for a reason to blame the ladies
In terms of fake science, this article about how frivolous, stupid women can’t be expected to rein in their spending during a recession may be hitting a new low. There is no sourcing that I can see for this claim: This may come as little surprise to most people: In…
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