Economic Development

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Speakers to talk about the national budget and the economy

Robert Bixby, director of the Concord Coalition, and David Walker, director of the the Comeback America Initiative and former U.S. comptroller general, will talk about  the national debt, deficits and other economic issues from 7:30 …

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Applications for unemployment benefits higher than forecast

More Americans than forecast filed first-time claims for unemployment benefits last week as the labor market struggled to improve, Bloomberg reported.

Applications for jobless benefits decreased 9,000 in the week ended Sept. 17 to 423,000, …

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Stocks fall significantly early in the day

Stocks fell sharply at the open today, including a drop of more than 300 points by the Dow Jones industrial average.

The Dow had fallen 335.88 points as of midmorning, a drop of more than …

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Study: Trade deficit with China has cost nation 2.8 million jobs

A total of 2.8 million jobs, largely in manufacturing, have been lost as a result of the growing U.S. trade deficit with China since China’s entry into the World Trade Organization in 2001, according to …

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IMF cuts growth forecast in United States and worldwide

Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, Bloomberg reported.

The International Monetary Fund (IMF) said today …

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A down economy? Not for college sports

Donations to the largest college sports programs climbed as the U.S. economy faltered, with contributions rising 24 percent from the middle of 2006 to the middle of 2010, Bloomberg reported.

The 54 public schools in …

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August inflation up more than forecast

The cost of living in the United States rose more than forecast in August as consumers paid more for food, energy and housing, Bloomberg reported.

The Consumer Price Index, which measures the average prices of …

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More start-ups doesn’t mean more jobs

New businesses are getting off the ground with nearly half as many workers as they did a decade ago, as the spread of online tools and other resources enables start-ups to do more with less, …

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Only 20 percent of Americans think country is on right course

Americans’ pessimism about the economy has deepened and confidence in both political parties has fallen, as only 20 percent of people said the country is on the right course, Bloomberg reported.

Just 9 percent of …

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Small business confidence at 13-month low

Confidence among U.S. small businesses dropped to a 13-month low in August as fewer companies projected better economic conditions and improving sales, Bloomberg reported. 

The National Federation of Independent Business (NFIB) optimism index decreased to …