Bad Credit Loans

Bernanke led the economy through the tumultuous months of the most severe recession since the 1930s, as the Fed took extraordinary measures to inject hundreds of billions into the battered financial system Federal Reserve chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and [...]

Institute for Policy Studies research shows US bosses who sacked most staff during recession earn more than their peers The good times keep rolling for “slash and burn” managers in America. Bosses of the 50 US companies that sacked the most staff during the recession earned 42% more than their peers, according to research to be [...]

Germany is held up by deficit hawks as an ideal for other, less successful economies such as Spain’s to emulate. Big mistake Germany’s economic recovery has gathered steam lately and is being used – in both the European and the US press – to promote the view that Germany “had the formula right all along” and [...]

Neither increased government spending nor austerity can solve the world economy’s problems on their own. We must give entrepreneurs a reason to rediscover their exuberance It was Joan who set me straight. Joan Robinson. Joan, who, as a young academic in Cambridge, had sat each evening at the feet of John Maynard Keynes upon his return [...]

Even the criminals have fallen on hard times in America’s poorest city as the long-term unemployed struggle to keep a grasp on normality Richard Gaines is one of the best-known faces on Camden’s Haddon Avenue. It is a rough-and-tumble street, lined with cheap businesses and boarded-up houses, and is prey to drug gangs. Gaines, 50, runs [...]

Getting the economy growing at a more rapid pace will inevitably require another round of stimulus from the government The 2.4% GDP growth figure reported for the second quarter caused many economists to once again be surprised about the state of the US economy. It seems that most had expected a higher number. Some had expected [...]

• Public sector spending cuts will hit manufacturing output • Investment by industrial firms will grow by only 2% in 2010 Suddenly it seems the world’s manufacturers hammered by the recession are firing on all cylinders. Honda has posted record profits, Renault is back in the black, Airbus and Boeing are enjoying a surge in [...]

As I rather presciently noted to you last week, in advance of the Toronto summit, the UK and the US (now, Europe and the US) are at loggerheads about the whole fiscal situation. Obama argued in Toronto for more stimulus, but Europe held firm. Cut cut cut. This wasn’t because they don’t like Obama, or he [...]

It’s a shame the world’s largest economies are reluctant to adopt the practical policies that can restore growth and employment The US and European Union together make up about half of the global economy, and recovery is quite uncertain in both of these big economies. Contrary to a lot of folk wisdom and political posturing, the [...]

The latest US jobs report shows how feeble this recovery is. Yet those managing the economy are set on a low-employment path Friday’s US jobs report caught most economic analysts by surprise. After touting the strength of the recovery for months, they had to come to grips with the fact that the economy just is not [...]