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  • Stress Map breaks down the recession

    The Associated Press has created an interactive Stress Map that offers insight into the American recession, translating it into misery and geography using an equation, the Stress Index, that shows …


  • White House: Budget deficit to top $1.8 trillion

    With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.


  • The ripple effect: A downturn hits home

    Robert and Louise Brown had their eye on the Leisure Park retirement community for several years. Three years ago, they decided they’d sell their Post Falls home and make the …


  • The ripple effect: Real estate slump delays plans

    HAYDEN – Robert and Louise Brown have had their eye on the Leisure Park retirement community for several years.


  • New jobless claims plunge, retail sales improve

    New applications for jobless benefits plunged to the lowest level in 14 weeks, a possible sign that the massive wave of layoffs has peaked. Still, the number of unemployed workers …


  • Falling premiums heighten interest in life insurance

    David Boley is a Farmers Insurance agent who’s seeing life insurance from both sides lately. On the one hand, despite the poor economy, there’s a steady interest in life insurance …


  • House of Charity could cut summer hours

    The House of Charity will close its overnight accommodations for homeless men during the summer unless it can find additional funding.


  • Consumer spending rise bodes well for rebound

    WASHINGTON – Consumers snapped back to life at the start of the year, renewing hopes the recession is losing steam. Even though the economy shrank again in the first three …


  • Consumer confidence grows

    NEW YORK – Consumer confidence zoomed past economists’ forecasts in April to its highest level since November, reflecting a growing sense that the economy may have bottomed out and Americans …


  • IMF issues grim forecast

    WASHINGTON – The global economy is expected to lurch into reverse this year for the first time since World War II with appalling consequences for nations large and small – …


  • Needing their dough

    KANSAS CITY, Mo. – There’s a sign in Jim Coy’s otherwise bland office that reads: “God’s last name is not damn.” “People come in and they’re upset, and they use …


  • Jobless claims top 6 million for first time

    The number of people receiving jobless benefits exceeded 6 million for the first time, the government reported Thursday, and housing construction unexpectedly plunged to its second-lowest level on record — …


  • Obama tempers optimism with reality on economy

    Aiming to assert control over the nation’s economic debate, President Barack Obama on Tuesday warned Americans eager for good news that “by no means are we out of the woods” …


  • Jobless rate bolts to 8.5 percent, 663K jobs lost

    The nation’s unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs. It’s fresh evidence of the toll …


  • Economy displays signs of life

    WASHINGTON – New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for …


  • Wall Street extends four-week rally

    Investors dove into stocks on Thursday as global efforts to end the financial crisis fed the market’s newfound optimism that the economy is on the mend.


  • Recession draining surplus from Social Security fund

    WASHINGTON – The U.S. recession is wreaking havoc on yet another front: the Social Security trust fund. With unemployment rising, the payroll tax revenue that finances Social Security benefits for …


  • The ripple effect: Journeyman painter makes ‘a step of faith’

    Marco Romero is finding a lot of work at his new home. Peeling off wallpaper and repainting the walls. Taking down a wall of decorative mirrors and repainting the walls. …


  • Signs of life spotted in economy

    WASHINGTON – Glimmers of hope for the economy – better home sales and higher demand for goods, plus optimism from the White House and a nearly 20 percent rally in …


  • White House seeks to heighten oversight of financial system

    WASHINGTON – Treasury Secretary Timothy Geithner plans to propose today an expansion of federal authority over the financial system, breaking from an era in which the government stood back from …


  • Obama portrays his budget as inseperable from recovery

    WASHINGTON — President Barack Obama moderated his rhetoric about bonuses to executives at bailed out AIG Tuesday night, saying he was as angry as anyone at the payments but adding, …


  • Bank plan shares risks

    WASHINGTON – The Obama administration’s latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, …


  • Spokane County jobless rate edges up

    Spokane County saw a net loss of only 30 jobs in February compared with January, as unemployment rose slightly to 9.7 percent. The increase follows a jump in unemployment of …


  • The market’s tough for would-be teachers

    Carrie Palmateer has attended the Washington Educators Career Fair held in Spokane each spring for the past four years. She still hasn’t landed a teaching job.


  • Wall Street builds momentum; Dow closes 179 up

    NEW YORK — Investors restarted Wall Street’s rally Tuesday, buying financial and homebuilder stocks following a surprisingly upbeat report on home construction.


  • Billions for Main Street

    WASHINGTON – President Barack Obama freed billions of dollars to help the nation’s small businesses on Monday, hoping to get credit flowing again to Main Street, not just Wall Street. …


  • Buckle, Hot Topic profits defy recession

    Two chains that sell clothing for teenagers are saying “whatevs” to the recession. The Buckle Inc. reported Wednesday that its fourth-quarter profit rose 18 percent and sales 21 percent as …


  • Seed companies prosper in tough times

    ELLENSBURG – Out here on a farm just off Interstate 90, Greg and Sue Lutovsky hear every day how the economy is going. Not so great for everybody else, excellent …


  • Citigroup’s good news rallying cry

    NEW YORK – Wall Street snapped out of its stupor and posted its best performance of the year Tuesday, finding a badly needed glimmer of optimism in the most unlikely …


  • Reduced hours, pay cuts afflict many workers clinging to jobs

    In cubicles, factories and stores these days, anxious workers are trying to ease one another’s economic fears with something akin to, “Well, at least we still have jobs.” Yet for …

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