Business Insider Magazine - Los Angeles South Bay » Los Angeles Times

Bernanke: Fed will keep eye on sliding dollar

Editor and Publisher — Mon, 16 Nov 2009 23:35:34 +0000

Blog Editor’s Note: More like an “all seeing eye” pretending to be blind.

(Los Angeles Times – Associated Press)

WASHINGTON — Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery.

In remarks to the Economic Club of New York, Bernanke engaged in a delicate dance.

He made clear Fed policymakers will keep rates at super-low levels. Yet through ... Continue Reading

Millions may have to repay part of Obama tax credit

Editor and Publisher — Mon, 16 Nov 2009 23:25:50 +0000

Blog Editor’s Note: If reading this article doesn’t convince you the game is rigged from top to bottom, all I can say is, “enjoy your Kool-Aid.”

By Jim Puzzanghera

(The Los Angeles Times ) For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.

That’s the finding of a government watchdog report out today about the credit, which provides as much as $400 for individuals and ... Continue Reading

California’s best years have passed, voters say

Editor and Publisher — Mon, 09 Nov 2009 22:35:52 +0000

In a survey of 1,500 registered voters, 80% say the state is on the wrong track. Respondents express little confidence in state politicians and candidates, even as support for Obama remains high.

By Cathleen Decker

(The Los Angeles Times) Frustrated at California’s woes, voters are sharply pessimistic about whether the next governor will be able to move the state in the right direction, and most believe California is in the midst of a long-term decline, a new Los Angeles Times/USC poll shows.

Against that grim backdrop, next year’s political contests loom as potentially volatile, but Democrats start out holding the upper hand, ... Continue Reading

3 strong economic reports lift hopes for recovery

Editor and Publisher — Mon, 02 Nov 2009 19:14:45 +0000

Editor’s Note: We all love reading articles like this that suggest the economic recovery is at hand. However, think of this sentence buried in the text as the disclaimer: “…the government’s stimulus spending already had its biggest impact and probably wouldn’t contribute to significant growth next year.” We will survive this financial crisis by being realists, not misguided idealists seeking short-term fixes.

From the Associated Press

(The Los Angeles Times) New York – Hopes for the fledgling economic recovery got a boost today from better-than-expected news on manufacturing, construction and contracts to buy homes.

U.S. manufacturing activity grew in October at the fastest ... Continue Reading