Economy

3:25am

Sat February 18, 2012
Economy

'Made In The USA' Not Enough For Campaign Trail

Originally published on Sat February 18, 2012 1:17 pm

An employee welds a stainless steel tank at JV Northwest in Camby, Ore. U.S. factories have boosted output, and busier factories are helping drive the U.S. economy.
Rick Bowmer AP

Hourly workers at General Motors will soon be getting profit-sharing checks of up to $7,000 each after the automaker reported record earnings this week. President Obama may also get a political dividend, two and a half years after a government-engineered turnaround.

Obama reminded a group of United Auto Worker members this week that, back in 2009, his rescue of GM and Chrysler had plenty of critics.

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7:01am

Fri February 17, 2012
Monkey See

Is There Hope In Friday Night Television's 'Timeslot Of Death'?

Originally published on Fri February 17, 2012 11:52 am

The Wild Ranger crew of Bering Sea Gold: Steve Riedel, owner Vernon Adkison and Captain Scott Meisterheim.
Ryan Rude Discovery Channel

Call it the resurrection of the time slot of death.

For years, Friday nights have carried a grisly reputation — where shows on broadcast networks are sent to die. But a certain kind of cable show has recently performed well — even really well — on Friday nights.

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5:11am

Fri February 17, 2012
Economy

Does The Strengthening Economy Still Need Congress?

Originally published on Fri February 17, 2012 10:25 am

Employment has been rising in recent months, but most economists say Congress should keep trying to boost consumer spending.
Mark Lennihan AP

Congress on Friday approved legislation to continue a payroll tax holiday and extend benefits for the long-term unemployed.

The goal is to make sure Americans have enough spending money to keep the recovery from faltering. President Obama is expected to sign the legislation.

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6:43am

Thu February 16, 2012
The Two-Way

The Economy: Housing Starts Up; Unemployment Claims Decline

Originally published on Thu February 16, 2012 6:55 am

We have a slew of economic data out today and the big picture is that the economy is on the rebound. So, let's get to the numbers:

-- The Labor Department said the number of people seeking jobless benefits dropped by 13,000 to a seasonally adjusted 348,000. The AP reports "it was the fourth drop in five weeks and the fewest number of claims since March 2008."

-- Led by a surge in apartments, housing starts were up 1.5 percent.

-- In January producer prices rose 0.1 percent.

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3:29pm

Wed February 15, 2012
The Two-Way

Robert Rubin: Economic Future Is Most 'Uncertain' He's Ever Seen

Former Treasury Secretary Robert Rubin says the U.S. economic outlook is the most "uncertain" he has seen in his lifetime.

Given that he was born during the Great Depression (1938), and lived through the Cold War, the 1970s' inflation, a brutal 1980-82 recession and the recent global financial crisis, that may be saying a lot.

Rubin, who was President Clinton's Treasury secretary, is now co-chairman of the Council on Foreign Relations. He spoke Wednesday in Washington, D.C., at a conference called "American Competitiveness: What Works," sponsored by General Electric.

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