(Washington Post) — Mary Cuthbert, who describes herself as a “seasoned citizen,” doesn’t shy away from telling people what she really thinks. And having lived in the District’s Congress Heights neighborhood in Ward 8 for 25 years, Cuthbert said she’s tired of watching other areas of the city flourish with new shops, businesses and public […]
(Crain’s) — A survey of low-income New Yorkers shows that half have less than $500 in savings to fall back on and one-third have no savings at all. The annual survey, commissioned by the Community Service Society of New York, defines low-income New Yorkers as those earning less than 200% of the federal poverty level, […]
(Washington Informer) — President Barack Obama reached another significant milestone on the long difficult road toward economic recovery of the economy in the United States when General Motors (G.M.) recently launched one of the largest initial public offerings (IPO) in American history. I believe that the proper stimulus investment in the African American business community […]
(Businessweek) — The recovery that began in the middle of last year hasn’t reached small businesses yet. While corporate profits approach pre-recession levels, income at small private companies is recovering much more slowly, according to data from the Bureau of Economic Analysis. Proprietors’ income—the profits of unincorporated businesses such as partnerships or individuals who work […]
(AJC) — Just when Georgia’s economy appears headed down the road to recovery, along comes a slew of statistics and predictions to scuttle the happy-trail scenarios. On Wednesday, a panel of economists at Georgia State University predicted — cautiously and with enough caveats to fill a dump truck — a nascent economic revival. But then […]
(Washington Post) — Sara Kline, associate economist, Moody’s Analytics. Kline, who tracks government labor data in the Washington region from month to month, said she expects the unemployment rate here to edge higher in the coming months. That’s bittersweet news, she said, the sweet part being that the higher rate will reflect a return of long-term […]
(CNN) — Entrepreneurs not only drive economic recovery but also create better ways for us to do everyday things. Howard Schultz improved the way we drink coffee. Reed Hastings enhanced our at-home movie viewing. Steve Jobs beautified computers and the ways we use them. The 2010 Most Powerful Women Entrepreneurs are not necessarily building the next […]
President Obama targets job creation.
(Business Insider) — The stimulus may have been too small to save the economy — at least according to Krugman — but the expansion of the Federal Government has done wonders for Washington DC. POLITICO has a new report on the wide disparity between the DC economy and that of the rest of the world. […]
While much of the country remains fixated on the bleak employment picture, hiring is beginning to pick up in the place that led the economy into recession — Wall Street. The shift underscores the remarkable recovery of the biggest banks and brokerage firms since Washington rescued them in the fall of 2008, and follows the […]
(CNN Money) — The global economy grew at a stronger-than-expected pace in the first six months of the year, but the risks to recovery have greatly increased, according to the International Monetary Fund. In an update of its World Economic Outlook, released Wednesday, the IMF raised its growth forecast for 2010 to 4.6% from the 4.2% […]