Stories tagged: Recession
UPDATED: Wed., Sept. 27, 2017, 1:59 p.m.
U.S. middle class gets richer, but wealthy do even better
Most American families grew richer between 2013 and 2016, but the wealthiest households pulled even further ahead, worsening the nation’s massive disparities in wealth and income.
UPDATED: Tue., Sept. 12, 2017, 4:06 p.m.
American household income finally topped 1999 peak last year
Incomes for a typical U.S. household, adjusted for inflation, rose 3.2 percent from 2015 to 2016 to $59,039, the Census Bureau said.
Wed., May 17, 2017, 8:26 a.m.
U.S. households owe record amount, topping pre-recession peak
U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008.
Wed., May 10, 2017, 8:53 a.m.
Auto-loan fraud is soaring in a parallel to the housing bubble
Borrower fraud in U.S. auto loans is surging, and may approach levels seen in mortgages during last decade’s housing bubble, according to a startup firm that helps lenders sniff out …
Wed., May 10, 2017, 5:57 a.m.
Retail funk: Stores face biggest challenges since recession
It’s starting to look a lot like the Great Recession redux for retailers. More than twice as many stores have closed this year than at the same point last year.
Tue., Jan. 17, 2017, 10:18 a.m.
UN forecasts modest economic recovery but no robust revival
The United Nations predicted a modest recovery in the global economy in 2017-18 on Tuesday but warned that its projection is an indication of economic stabilization rather than a signal …
Tue., Jan. 17, 2017
Robert J. Samuelson: Too soon to judge Obama legacy
If Obama had done nothing else, rescuing the economy would ensure a successful presidency. But he did do other things, and we shouldn’t forget the historic significance of having an …
Tue., Jan. 17, 2017
Past opinions provide perspective
Looking Back reviews opinions published in The Spokesman-Review during this week in history. Consolidation, Jan. 20, 1919
Fri., Jan. 6, 2017, 1:19 p.m.
Americans start to see enduring wage gains in tighter job market
After six straight years of annual job gains topping 2 million, America’s labor market is as tight as ever, and it’s entering the next phase: an enduring pickup in wages.
Tue., May 24, 2016, 12:07 p.m.
More millennials living with parents than with a spouse
For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the Pew Research …
Thu., May 12, 2016, 5 a.m.
Next U.S. president likely to face a recession
Talk about a poisoned chalice. No matter who is elected to the White House in November, the next president will probably face a recession.
Thu., April 14, 2016, 3:51 p.m.
Limited reduction of mortgage principal for stressed homeowners extended
A top federal regulator on Thursday announced a long-awaited initiative to allow some homeowners facing foreclosure to reduce the principal on their mortgages.
Wed., April 13, 2016, 4:38 p.m.
Some big U.S. banks have 6 months to present disaster plans
Five of the biggest U.S. banks have six months to get their disaster plans in shape. That’s the message regulators issued Wednesday after giving the banks failing grades for the …
Mon., April 11, 2016, 8:14 p.m.
U.S., Goldman Sachs reach $5 billion settlement over risky mortgages
WASHINGTON – The Justice Department on Monday announced a roughly $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, with …
Tue., April 5, 2016, 8:25 a.m.
U.S. trade deficit rises in February to 6-month high
The U.S. trade deficit rose in February to the highest level in six months as the growth in imports outpaced a modest rise in exports.
Mon., April 4, 2016, 10:55 a.m.
Euro jobless rate drops to 10.3 percent, lowest since 2011
The unemployment rate inched down to 10.3 percent in February in the 19 countries that use the euro.
Thu., March 31, 2016, 3:50 p.m.
Moody’s puts Mexico on ‘negative’ outlook, keeps A3 rating
Moody’s credit rating agency has changed the outlook for Mexico’s debt rating to negative from stable, citing low oil prices and slow economic growth.
Tue., March 29, 2016, 11:50 a.m.
U.S. home prices rise faster than incomes in January
U.S. home prices climbed at more than double the rate of incomes in January, a trend that could ultimately create affordability challenges for buyers.
Tue., March 15, 2016, 7:09 a.m.
Low gas prices drag down US retail sales in February
U.S. retail sales slipped last month, pulled down by sharply lower gas prices, and Americans spent much less in January than previously estimated. The figures suggest that consumers remain cautious …
Thu., March 10, 2016, 10:15 a.m.
Survey: 28 percent of Oregon wine producers report money woes
Oregon wineries expect sales to surge in 2016 but that doesn’t mean all of them anticipate a healthy bottom line.
Thu., March 10, 2016, 8:28 a.m.
European Central Bank surprises with strong stimulus action
The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation …
Thu., March 10, 2016, 7:56 a.m.
Chinese inflation accelerates to 2.3 percent
China’s inflation accelerated to 2.3 percent in February, driven by a jump in food prices, but fell below the government’s official target for the year.
Tue., March 1, 2016, 8:57 a.m.
U.S. manufacturing shrinks for fifth straight month
WASHINGTON – Factory activity in the United States and China – the world’s top two economies – slowed in February, reflecting and contributing to worldwide economic weakness. In the United …
Mon., Feb. 29, 2016, 8:55 a.m.
U.S. pending home sales decline in January
Fewer Americans signed contracts to buy homes in January, as the recent hot streak appears to have been curbed by a shortage of properties for sale and colder weather.
Sat., Feb. 27, 2016, 10:28 a.m.
Global finance officials promise to shore up sagging growth
Finance officials of the world’s biggest economies promised Saturday to use “all tools” to shore up sagging global growth and to avoid devaluing their currencies to boost exports, but made …
Fri., Feb. 26, 2016, 2:35 p.m.
President Obama: Deniers of economic gains aren’t telling the truth
President Barack Obama on Friday pushed back against relentless Republican criticism of his economic leadership, saying his policies are paying off in “big tangible ways” and anyone who doesn’t acknowledge …
Thu., Feb. 25, 2016, 1:28 p.m.
Halliburton to cut another 5,000 jobs amid oil slump
Halliburton, which provides well-drilling services for oil companies, is cutting 5,000 more jobs as the industry continues to struggle with lower oil prices.
Wed., Feb. 24, 2016, 11:17 a.m.
U.S. new-home sales tumble in January; big decline in West
The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop …
Tue., Feb. 23, 2016
Robert J. Samuelson: Expansions always die out
Economic expansions cannot escape the reality of the business cycle.
Thu., Feb. 18, 2016, 3:43 p.m.
Twitter stock gets $2.25M vote of confidence from 2 execs
Documents filed Thursday revealed Twitter Executive Chairman Omid Kordestani spent about $2 million to buy 122,250 shares of the company’s stock earlier this week. A separate filing revealed Chief Financial …