Articles About Economics

Author:
James I. Clark III
Posted:
05.23.2012

Eurodammerung?

Despite Germany’s strong manufacturing output in March, it was not enough to compensate for a slump across the rest of the Eurozone with declining production, a signal that an expected recession may not be as mild as policymakers hope.  Industrial production in the 17 Eurozone countries declined 0.3 percent in March when compared with February, […]

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Author:
James I. Clark III
Posted:
05.21.2012

JP Morgan Chase’s $2 Billion Loss Under Investigation

As the Department of Justice and the FBI open their investigation into how JP Morgan Chase lost $2 billion, the government is investigating to determine if any criminal wrongdoing occurred.  The inquiry is in the preliminary stages.  Additionally, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which regulates derivatives trading, […]

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Author:
James I. Clark III
Posted:
05.15.2012

Tepid 1st Quarter Growth Disappoints

The American economy grew less than expected during the 1st quarter as the biggest gain in consumer spending in more than a year failed to overcome a diminished contribution from business inventories.  Gross domestic product rose at a 2.2 percent annual rate after a three percent increase in the 4th quarter of 2011, according to […]

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Author:
Mike Ochs
Posted:
05.14.2012

House Prices At 2002 Levels

The S&P/Case-Shiller home price index of 20 cities revealed a 3.5 percent decline when compared with last year.  Home prices are now at their lowest levels since November 2002.  “Nine (housing markets) hit post-bubble lows,” said David Blitzer, spokesman for S&P, including Atlanta, Charlotte, Chicago, Las Vegas and New York.  “While there might be pieces […]

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Author:
Tom Silva
Posted:
05.08.2012

Burger King’s New Slogan? – “We Deliver for You”

Couch potatoes of the world can find something new to cheer about.  If sitting at the drive-through at your local Burger King isn’t working for you,  a few stores in Virginia and Maryland are now home delivering meals — for a $2 charge on a minimum order of $8 to $10.  Burger King is is […]

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Author:
Matt Ward
Posted:
05.02.2012

Loudoun is the Nation’s Wealthiest County

Ten of the 15 richest counties in the United States are located in Washington, D.C.’s Virginia and Maryland suburbs. According to 2010 Census Bureau data, with three counties exceeding the $100,000 mark, life seems pretty good in these areas, even as the U.S. median household income declined 2.3 percent between 2009 to 2010.  Even so, […]

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Author:
Tom Silva
Posted:
05.01.2012

Gas Prices Coming Back to Earth

After rising steadily for four months, gas prices at last seem to be stabilizing. Suddenly, pump prices have fallen six cents over two weeks to a national average of $3.88.  Experts say gasoline could fall another nickel or more in the immediate future.  Drivers might also get to say something they haven’t since October 2009 […]

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Author:
Tom Silva
Posted:
04.30.2012

Britain Slides Into Double-Dip Recession

Europe’s financial woes have spread across the English Channel as the United Kingdom slid into its first double-dip recession since the 1970s. Britain’s GDP fell 0.2 percent from the 4th quarter of 2011, when it declined 0.3 percent, according to the Office for National Statistics (ONS). As anti-austerity backlash grows on the Continent, Prime Minister […]

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Author:
Mike Ochs
Posted:
04.25.2012

March Housing Starts Down, While Construction Permits Rise

American homebuilders started construction on new houses in March at a slower pace, but in an ironic twist, the number of construction permits jumped to their highest level in 3 ½ years.  This is a positive signal for the slumping residential industry.  According to the Department of Commerce, housing starts fell 5.8 percent to an […]

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Author:
Tom Silva
Posted:
04.24.2012

Let’s Go Shopping!

Despite rising gas prices, retail sales in the U.S. rose 0.8 percent in March, proof that consumers are still filling up their tanks, according to economists.  The rise in purchases follows a 1.1 percent increased in February that was the biggest in five months, according to a survey of 71 economists.  The gain sent retail […]

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