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Economic Measures

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  • Geithner Needs 'Reality TV Show': Bernie Marcus Friday, 17 Sep 2010 | 10:39 AM ET

    In a scathing criticism of the Obama administration, Home Depot co-founder Bernie Marcus told CNBC Friday that Treasury Secretary Geithner should have a reality-TV show about small business, because it would illustrate how out of touch the Obama administration is with the private sector.

  • Recession Raises US Poverty Rate to a 15-Year High Friday, 17 Sep 2010 | 7:27 AM ET
    Unemployment line

    The percentage of Americans struggling below the poverty line in 2009 was the highest it has been in 15 years, the Census Bureau reported Thursday, and interviews with poverty experts and aid groups said the increase appeared to be continuing this year, the New York Times reports.

  • If GOP Won in 2008, We'd Be in Depression: Pelosi Thursday, 16 Sep 2010 | 10:15 PM ET
    Nancy Pelosi

    Had the Republicans taken control of Congress in 2008, the country would have sunk into a depression, House Speaker Nancy Pelosi (D-Calif.), told CNBC Thursday.

  • Bank Sector Job Losses Weigh on NY Employment Thursday, 16 Sep 2010 | 3:42 PM ET

    New York's financial services sector shed 4,400 year-over-year in August, weighing on the state's unemployment rate, according to the New York Department of Labor's August report released Thursday.

  • Health Care Costs are Biggest Future Problem: Reich Thursday, 16 Sep 2010 | 3:17 PM ET
    American healthcare reform

    The budget problems that come from federal spending and entitlements, such as Social Security, pale in comparison with the challenges of containing health care costs and maintaining Medicare at the level of treatment Americans expect, Robert Reich, the former Labor Secretary, told CNBC Thursday.

  • Double-Dip Unlikely, Rates to Stay Low: Cohen Thursday, 16 Sep 2010 | 2:42 PM ET
    Abby Joseph Cohen

    The economy almost certainly will not re-enter recession but will grow only slowly in the years ahead, keeping interest rates low and markets subject to rapid change, Goldman Sachs analyst Abby Joseph Cohen told CNBC.

  • Estate Taxes Deter Hiring: Economist Thursday, 16 Sep 2010 | 12:32 PM ET

    Reinstating federal estate taxes at the 65 percent rate will result in some 1.6 million jobs lost, Douglas Holtz-Eakin, president of the think tank the American Action Forum, told CNBC Thursday.

  • 1 in 7 Americans Live in Poverty: US Census Thursday, 16 Sep 2010 | 11:18 AM ET

    The number of people living in poverty has climbed to 14.3 percent of Americans, with the ranks of working-age poor reaching the highest level since at least 1965.

  • Bush Tax Cuts Not Important for US Economy: Summers Thursday, 16 Sep 2010 | 10:03 AM ET
    Lawrence Summers, Director of President Barack Obama's National Economic Council

    Maintaining tax cuts for top earners should take a back seat to other more pressing measures, economic advisor Larry Summers said, in a signal the administration could be digging its heels on the issue.

  • Greenberg: Behind Eisman’s For-Profit Short Wednesday, 15 Sep 2010 | 11:54 AM ET
    Steve Eisman

    As a main character in Michael Lewis’s bestseller, “The Big Short,” Eisman is best known for getting the subprime crisis right.  But at the time, his attempts to warn regulators were ignored.  This time they’re listening, especially after he capitalized on his role in the book with a report last June at an investment conference headlined, “Subprime Goes to College.”

  • To those that knew what their strategies were doing, to those that contributed to the downfall, I reserve the most substantial level of scorn.

  • Investors Need to Find 'Safe-Risk' Spread: El-Erian Tuesday, 14 Sep 2010 | 2:26 PM ET
    Pimco's Mohamed El-Erian

    Investors caught between fears of the future and wanting to catch the gains of the present should try to use a "safe-risk spread" that guards against the lingering potential of an economic double-dip, Pimco's Mohamed El-Erian said.

  • Give Private Sector Chance to Innovate: Tony Blair Tuesday, 14 Sep 2010 | 2:15 PM ET

    Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.

  • US Losing Edge in Business Dynamism: Realty Developer Tuesday, 14 Sep 2010 | 12:50 PM ET

    Of the 15 most important world economies, the United States ranks in the middle in terms of economic and business dynamism, said Hamid Moghadam, chairman and CEO of AMB Property, an international industrial realty developer which focuses on distribution.

  • Couldn't Have a Recession if We Tried: Economist Tuesday, 14 Sep 2010 | 8:46 AM ET

    The global economy is in a weak recovery, but it's a recovery nonetheless and the world couldn't even talk itself into a recession, Paul Donavan, international economist at UBS, told CNBC Tuesday.

  • Small Business Sentiment Gets a Bit Better: NFIB Tuesday, 14 Sep 2010 | 8:00 AM ET
    Open sign in window

    Small business grew slightly more optimistic in August as expectations improved for business conditions in 2011, despite the overhang of high unemployment, according to a survey released Tuesday.

  • Buffett, Ballmer Predicting Bright Economic Future Monday, 13 Sep 2010 | 5:32 PM ET
    Warren Buffett

    "I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway. "I see our businesses coming back across the board."

  • Confidence among average investors is slowly returning after being severely damaged by the financial crisis and the "flash crash" earlier this year, James Gorman, CEO and president or Morgan Stanley, told CNBC Monday

  • We Can't Afford Bush Tax Cuts: David Stockman Monday, 13 Sep 2010 | 4:15 PM ET

    Don't extend Bush tax cuts, David Stockman, the director of Office of Management and Budget under President Reagan, told CNBC.

  • Allowing the Bush tax cuts for all income levels to expire at year-end would cut US economic growth by "well over a percentage point," Goldman Sachs chief economist  Jan Hatzius told CNBC.