Peter Morici

University of Maryland

Peter Morici is an economist and business professor at the University of Maryland.

Peter Morici appears in the following:

Executive's $15 Million Pay Package Denied by Citigroup Shareholders

Wednesday, April 18, 2012

Citigroup shareholders have voted down the bank's $15 million pay package for its chief executive, Vikram Pandit. It's the first time that stock owners have united in opposition to ou...


Can Anyone Resurrect 'Made in the USA'?

Thursday, January 26, 2012

The main focus of Tuesday’s State of the Union address was the economy and income inequality. Along with his ideas about taxation and protecting homeowners, president Obama also expressed a desire to bring manufacturing jobs back to the U.S. Since the 1980s, the U.S. economy has shifted away from manufacturing and towards intellectual property and services. This has been due in part to the perceived expenses involved in production based in the U.S., as well as labor laws. 

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Latest Report Shows Worrying Decline in Temp Jobs

Monday, August 09, 2010

The Labor Department's jobs report for July, released last Friday, showed overall unemployment stayed the same at 9.5 percent, but that the economy lost 5,600 temporary jobs. This ended nine months of gradual increases. Concerned economists say temporary jobs can be seen as a leading economic indicator of how businesses will proceed in the hiring of permanent workers. 

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Morici: Citigroup Doesn't Know How to Bank

Tuesday, January 19, 2010

Citigroup announced its earnings this morning, ending a three-quarter profit streak with a $7.6 billion loss during the final three months of 2009. This as consumers still struggled to repay loans and the bank managed to repay its government bailout money.


President Obama Hosts Bank Leaders

Monday, December 14, 2009

The economy received some positive news on Sunday from President Obama's top economic adviser, Larry Summers, who said that the recession is over on 'This Week with George Stephanopou...

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Unemployment Numbers Lower Than Expected

Friday, December 04, 2009

We talk with our friend, University of Maryland economist and business professor Peter Morici, about what this morning's slightly-reduced unemployment numbers say about the state of the economy.


New Unemployment Numbers Coming Out

Friday, October 02, 2009

The Bureau of Labor Statistics releases its monthly unemployment numbers this morning. To tell us what the numbers mean, we’ve got University of Maryland economist and business profes...

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Fiat Reports Chrysler in Bad Shape

Friday, September 18, 2009

The Frankfurt Motor Show is not a happy place this year. The international car industry is reducing production as the global recession causes demand to drop sharply. Adding insult to ...


Standing on Wall St, Obama Pushes For Financial Reform

Tuesday, September 15, 2009

On the one-year anniversary of the Lehman Brothers bankruptcy, President Obama visited New York City to make a case for expanding federal regulation of Wall Street. To parse the Presi...


Stormy Weather in the Forecast for Unemployment

Thursday, August 06, 2009

As we wait for the latest unemployment numbers to be released tomorrow, all we can do is look at the forecast. 


The Dow Climbs—What's Next?

Monday, July 27, 2009

The last two weeks have seen a steady rally for the stock market, which closed above 9,000 on Friday. This week it'll be tested by the biggest batch of second quarter corporate profi...


In the Fine Print: The Merrill Lynch-Bank of America Deal

Thursday, June 25, 2009

On Capitol Hill, Bank of America’s acquisition of Merrill Lynch is coming under serious scrutiny. Fed Chairman Ben Bernanke is going before the committee today as lawmakers say the Fe...


President Obama Reshapes the Financial System

Wednesday, June 17, 2009

The financial industry is getting a makeover. Today President Obama will lay out some of the most significant changes to the U.S. financial system since the Great Depression. For a lo...


Stressed out banks and the economy

Monday, May 04, 2009

A while ago, the federal government ordered the nation's banks to under go stress tests to see how they would fare in a severe financial crisis. The results are in. So how stressed ar...


The response to the new bailout from Wall Street to Main Street

Wednesday, February 11, 2009

Forget TARP and get used to F.S.P. That's the Financial Stability Plan that Treasury Secretary Timothy Geithner unveiled yesterday and the markets had a clear response: They hated it....


The unions make all the difference in U.S. auto industry

Wednesday, January 14, 2009

While Detroit is treading water to save its future, there's an importance piece to its ability to float: the unions. Auto workers, the backbone of the industry, are trying to walk the...

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Labor costs and unions

Monday, December 22, 2008

“"When you are paying 20 to 30 dollars more an hour to make cars, you know you can't be competitive."
— Peter Morici on labor unions

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The numbers behind the job numbers

Friday, December 05, 2008

The Labor Department releases November unemployment data this morning. In October, the economy lost 240 thousand jobs and November may deliver some even bleaker numbers. Economist Peter Morici, a professor at the University of Maryland School of Business, looks at the numbers.


Analysis: $20-billion Citigroup rescue

Monday, November 24, 2008

Henny Sender of the Financial Times and Peter Morici of the University of Maryland provide two takes on the U.S. government's plan to inject $20-billion into Citigroup. "This i...


The week ahead for the economy

Monday, November 17, 2008

"These economies are inherently weaker because they have lots of that good regulation that folks on the left think will cure America."
Peter Morici on the European economic recession