Book Economy Off Poor Underground Urban
German Economy Is Not in Recession, Steinbrueck Tells Der Stern (Bloomberg.com)
Aug. 27 (Bloomberg) -- The German economy is not in recession and doesn't need an economic stimulus program, Peer Steinbrueck , the country's finance minister, told Germany's Der Stern magazine.
Weber Says Higher ECB Rates May Be Needed When Economy Recovers (Bloomberg.com)
Aug. 27 (Bloomberg) -- European Central Bank council member Axel Weber said there's no scope for interest-rate cuts and the bank may even need to raise borrowing costs again once the economy emerges from its slump.
APD Chief Economist Says Slowing Growth Overseas Poses Biggest Risk To US Economy (Nasdaq)
(RTTNews) - The chief economist for industrial giant Air Products & Chemicals (APD) said Wednesday that the primary external risk to the U.S. economy was faltering growth overseas.
Pena calls for new energy economy (Rocky Mountain News via Yahoo! News)
PEPSI CENTER ? From brown cloud to green energy sources, former Denver Mayor Federico Pe�a said the Mile High City is an example of a clean environment being a sign of a good economy.
Citigroup Recommends Brazil Banks, Consumer Stocks on Economy (Bloomberg.com)
Aug. 27 (Bloomberg) -- Investors should buy financial and consumer stocks in Brazil and sell utilities because the economy is growing and inflation expectations ``have peaked,'' Citigroup Inc. strategists said.
Spain's Economy Grows the Least in 15 Years on Housing, Oil (Bloomberg.com)
Aug. 27 (Bloomberg) -- Spain's economy grew at the slowest pace in 15 years in the second quarter as record oil prices and a housing slump edged the country toward a recession.
Poverty Rate Reflects Stalled Economy, Experts Say (NPR)
The U.S. Census Bureau reports real median household income rose slightly last year, and the official poverty rate stayed roughly the same as in the previous survey. The share of people without health insurance dropped slightly, as well. Some budget experts say the numbers demonstrate that the economy has stopped expanding.
Some see economy's silver lining (The Star-Ledger)
Americans felt better about the economy in August, as a barometer of sentiment posted the biggest boost in two years amid falling gas prices. Two reports suggested a bottom could be nearing for the housing market, but economists caution it's too early to proclaim the worst is over.
In keynote, Warner rips GOP policies on energy, economy (Denver Post via Yahoo! News)
Former Virginia Gov. Mark Warner, once counted among the vice presidential contenders, slammed GOP policies on energy and the economy during his prime-time speech Tuesday night at the Democratic National Convention.
Weak economy to sap handset market growth: Gartner (Reuters via Yahoo! News)
A weakening global economy will blunt cellphone market sales growth this year, research firm Gartner said on Wednesday.