Tag: Economic Indicators

The Takeaway

Unemployment Numbers: Still Bad, But Better!

Friday, August 07, 2009

Unemployment numbers are out: payrolls dropped by just 247,000 and the jobless rate falls to 9.4 percent. That just might be good news. Lakshman Achuthan, managing director of the Economic Cycle Research Institute, joins us with his take on the numbers and what they mean for economic recovery.

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The Takeaway

Practical Economics: Dogs, Cats, & Shoes

Friday, August 07, 2009

Unemployment numbers are due out this morning and economic analyst Lakshman Achuthan, Managing Director of the Economic Cycle Research Institute, joins us with his predictions. In April, Lakshman predicted that we’d be coming out of the recession this summer. We wanted to road test some of your ideas, so The Takeaway's Femi Oke went looking in unusual places for indications on how the economy is doing. First stop: the ASPCA in New York City, where the rates of pet adoptions tend to follow people's economic well-being. Could the dogs here give us a peek at which direction the economy is going?

Next stop: Wall Street, but not to visit the banks. Instead, Femi spoke with cobbler Minas Polychronakis, who for over 30 years has been repairing shoes for rich and poor alike.

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The Takeaway

Grim Economic Indicator: A Pile-Up in the Morgue

Thursday, August 06, 2009

Detroit has been hard hit in this recession. As we continue to look at economic indicators, Charlie LeDuff, reporter with the Detroit News, and Dr. Carl Schmidt, the Wayne County medical examiner, join us to tell of a sad side effect of the weak economy: families unable to afford funerals.

"People are ashamed to come to the office and tell us they can't afford to arrange a funeral.... And if someone tells us to please wait while they get their affairs in order, then we have to respect their wishes."
—Dr. Carl Schmidt, Wayne County Medical Examiner, about bodies piling up in the city morgue

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The Takeaway

Parenting and Mad Moms

Monday, August 03, 2009

While working fathers are content with their job-life balance, moms are increasingly angry as they try to balance being great employees and great parents. Who are they mad at? The dads. Joining The Takeaway to discuss the continuing inequality of parenting are Lisa Belkin, author of the Motherlode blog for The New York Times, and Jeremy Adam Smith, author of The Daddy Shift: How Stay-at-Home Dads, Breadwinning Moms, and Shared ParentingAreTransforming the American Family.

Division of labor is very important. But a lot of studies ...have found that just as important is expressing gratitude for what your partner does and cultivating an attitude of gratitude in your home and when you do that couples tend to be a lot happier, individuals are happier, and the relationships tend to last longer and also, I think, it's good for the kids.
—Author Jeremy Adam Smith on maintaining a happy marriage

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The Takeaway

Economic News: GDP Down in Second Quarter

Friday, July 31, 2009

The GDP shrank one percent in the second quarter. To tell us what that means for the economy and jobs, The Takeaway is joined by Dan Gross, columnist for Newsweek and Slate.com.

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The Takeaway

The Economy: What Do the 'Leading Indicators' Say?

Friday, July 31, 2009

The Takeaway looks at where the economy is now, and where it's headed. We're talking to Lakshman Achuthan, the Managing Director of the Economic Cycle Research Institute. He talks about the leading indicators in economic recovery including jobless claims, the stock market and corporate profit.

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The Takeaway

The Long Haul: A Trucker's View of Economic Recovery

Tuesday, July 28, 2009

Economists offer an academic view of the economy—they know the numbers, the rates, and the interest. But if you want to know the reality behind those numbers and find out what's happening on the ground, there's only one view: the trucker's view. Cliff Hagedon owns Fort Gratiot Express trucking; he carries freight across the nation. The more people buy, the busier he is. He joins The Takeaway from the road on his way to Texarkana.

"I don't believe that we're completely out of the recession, but we are making a huge turn."
—Truck driver Cliff Hagedon on the end of the recession

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The Takeaway

The Road to the Future? All About Cars

Thursday, July 23, 2009

The car industry is starting to release its second quarter profit reports. The Ford Motor Company is posting a surprise $2.8 billion profit, but it continues to have operating losses. Since its two biggest competitors, GM and Chrysler, have just emerged from bankruptcy, the report is definitely creating a mixed picture of the company's health. Globally, Hyundai has managed to post a huge profit, while luxury car brand Porsche has big changes in the works. For more we turn to Nick Bunkley, The New York Times auto industry reporter, and Russell Padmore, a BBC business correspondent.

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The Takeaway

This Week's Agenda with Marcus Mabry and Jill McGivering

Monday, July 20, 2009

For this Monday's agenda segment, we talk about the Senate Finance Committee's bipartisan plan and President Obama's health care reform. The Takeaway also talks about Hillary Clinton's trip to India, the Taliban video of the captured U.S. soldier and how some banks are making big money again. The Takeway is joined by Marcus Mabry, International Business Editor for The New York Times and Jill McGivering, Asia Editor for the BBC.

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The Takeaway

JP Morgan Chase: Profiting in a Downturn

Thursday, July 16, 2009

This morning, JP Morgan Chase posted a quarterly profit of $2.7 billion. That's a 36 percent jump from a year ago. It comes just two days after Goldman Sachs announced a quarterly profit of over $3 billion. As the two banks weather a harsh economic climate, they have managed to pay back the huge government loans they took last year and proceed to earn record profits. Joining us to discuss Chase's earnings is Eric Dash, banking reporter for The New York Times.

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The Takeaway

How's the Economy? Business Owners Talk Shop

Wednesday, July 15, 2009

Reports are trickling out that say the economy is on a slow upswing. But is it really? The Takeaway talks to two small business owners. Jack Bernstein, who owns a corporate catering business and retail sandwich shop owner in Miami, says that business is down. Ed Snively, a real estate broker in El Centro, California, says that business is way up from last year.

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The Takeaway

Are Markets the Best Economic Indicators?

Wednesday, July 15, 2009

Yesterday, Goldman Sachs made headlines with their record quarterly earnings, taking in $3.44 billion in just four months. That may be a sign of a strenthening economy. And yet unemployment has continued rising: nationally 9.5 percent, the highest rate in 26 years. Which of those two numbers tells us where the economy is headed, and which just tells us where its been? Here to help us figure that out is Lakshman Achuthan, managing director of Economic Cycle Research Institute (ECRI), a company that forecasts recessions and recoveries.

"By April it was clear the recession would be over this summer. I don't think the man on the street will feel that until the fall when they're looking in the rear view mirror. Because really your gut feel is the rear view mirror feel."
—Lakshman Achuthan on lagging economic indicators

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The Takeaway

Spend or Save? The Paradox of Thrift

Monday, June 29, 2009

New figures from the U.S. Department of Commerce show that in May, Americans saved more of their income than they have since 1993. But the only way to get a floundering economy to pick up is for people to spend their money rather than hold onto it. Wall Street Journal Reporter Kelly Evans talks to The Takeaway about this paradox of thrift.

"Having more of that money in the U.S. available for businesses to invest and to be loaned back out reduces our dependence on other sources of that income, particularly foreign sources of that borrowing that's also been part of the boom."
— Kelly Evans on the importance of spending

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The Takeaway

Economists See Good News. Are They Right?

Thursday, June 18, 2009

Economic indicators show that the economy will see an upturn in the coming months. But Justin Fox, Editor-at-Large for TIME magazine, isn't too excited about the numbers. He joins The Takeaway to explain why. He is the author of the recently published The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street.

For more, read Justin Fox's article, A Fun-Free Recovery, in TIME Magazine.

"I don't see anything but a rise in the tax burden. We've made a lot of commitments and at some point we have to pay for them. We've basically been able to borrow our way out of them for a while."
— Justin Fox of Time Magazine on the alleged end of the recession

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The Takeaway

No Good News about the Housing Market

Tuesday, May 19, 2009

The Commerce Department says construction of new homes and apartments fell 12.8 percent last month -- the lowest pace in a half-century. Earlier reports had expected the government to announce a small increase in housing starts. To guide us through the numbers, The Takeaway is joined by Nicolas Retsinas, Director of Harvard University’s Joint Center for Housing Studies and former Assistant Secretary of Housing at the U.S. Department of Housing and Urban Development. He has an eye on how housing starts fit into the larger picture of big economic indicators. Also joining the conversation is Mori Hosseini, a homebuilder and CEO of ICI Homes, who sees the housing market first-hand.

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The Takeaway

On the Rise: Economic Hopes — And Oil Prices

Friday, May 08, 2009

In yet another indicator of an economic upswing, the price of oil has risen to just over $58 a barrel. That's a 70% gain from its lows of about $34 in February. For more we turn to Barbara Shook, the Houston Bureau Chief of the Energy Intelligence Group. She's covered the oil industry for nearly three decades and can explain what this uptick means. Is it good news, or will it slow the recovery?

The Lego market remains largely unaffected by the rise in oil prices.

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