Canada’s Trudeau Pushes Keynesian Stimulus
Mar20

Canada’s Trudeau Pushes Keynesian Stimulus

Ottawa — Fiscal stimulus may be what the doctor ordered for the world economy, but Prime Minister Justin Trudeau will have a tough time persuading his peers to swallow the medicine. Canada’s new Liberal government is expected to post a shortfall of about $22.5 billion in its debut budget, representing one of biggest expansionary swings in fiscal policy in the nation’s history. It’s the sort of activism increasingly touted within...

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Jobs Numbers Help to Dispel  Recession Fear
Mar06

Jobs Numbers Help to Dispel Recession Fear

Washington — A robust February jobs report showcased a resilient U.S. economy just as fears of a new recession had begun to surface. Economic reports in recent weeks had fueled anxieties about a looming downturn: Manufacturers were slumping. Stocks had plummeted. China was slowing sharply along with other emerging markets. The rising dollar had crushed exports. But last month, U.S. employers sent a clear message of confidence. They...

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Restaurants Booming Despite Turmoil in Markets
Feb21

Restaurants Booming Despite Turmoil in Markets

Washington — One part of the U.S. economy is enjoying a surprising boom, and it should prove useful in combating the recent slowdown: Americans are spending more eating out than ever before. The restaurant industry, long a reliable indicator of the underlying economy, has become an economic standout at a time of financial market turmoil and global uncertainty. Sales at food service and drinking places jumped nearly 8 percent last year...

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Older Workers Feeling Spooked By Stock Swoon

As the economy struggled to take off in the years after the financial crisis, Americans had at least one shining source of optimism: a booming stock market that not only helped rebuild shattered 401(k) plans but suggested better times to come. But now, with the economy still mired in a sluggish recovery, that silver lining is being threatened. The stock market is lurching downward after a flat 2015 and large banks are casting...

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Stocks Lose Ground As Jobs Report  Disappoints Market
Feb07

Stocks Lose Ground As Jobs Report Disappoints Market

New York — Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell as oil prices declined and investors continued to worry that the risk of the U.S. economy slipping into recession, while low, is...

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