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Economics

BUSINESS
June 9, 2014 | By Reid Kanaley, Inquirer Columnist
Friday's jobless figure - 6.3 percent - for May (same as April) means the economy is improving, but slowly, the experts say. Is this what an economic recovery is supposed to feel like? This month marks five years since the end of the Great Recession. Starting with a chart about the job numbers, CNN Money presents 17 visuals to illustrate the recovery. Unemployment has fallen from 10 percent in late 2009, gross domestic product has wobbled, stocks have soared, mortgage foreclosures have plummeted.
NEWS
June 6, 2014 | By Trudy Rubin, Inquirer Columnist
On meeting Ukraine's president-elect, Petro Poroshenko, in Warsaw Wednesday, President Obama said the United States was "absolutely committed to standing behind the Ukrainian people . . . not just in the coming days . . . but in the coming years. " That commitment is important because Ukraine has become the symbol of whether Russia can get away with destabilizing its European neighbors. Poroshenko must not only reform a sinking economy but also combat armed pro-Russian militias that have grabbed chunks of eastern Ukraine.
NEWS
May 10, 2014 | By Michaelle Bond, Inquirer Staff Writer
WEST CHESTER In the latest step toward a 10-year economic development strategy, Chester County government and business leaders are encouraging residents to visit a newly launched website and fill out a questionnaire about the direction the county should take. The strategy, called the VISTA 2025 initiative, is an effort to balance economic progress and the preservation of natural and historic resources, and is to guide future projects and spending. The plan will help the county maximize its assets and address its challenges, Commissioner Ryan Costello said.
NEWS
March 23, 2014 | By Suzette Parmley, Inquirer Staff Writer
VOORHEES Last year's passage of the Economic Opportunity Act rejiggered the formula to give South Jersey access to grants and tax incentives to lure businesses and investors - development carrots that the more heavily populated northern end of the state previously held claim to. Six months after the measure became law, many say the ripple effect is already being felt regionally. Among them are officials in Camden County and those as far south as Cumberland and Salem Counties who gathered Friday in Voorhees.
NEWS
March 13, 2014 | By Vernon Clark, Inquirer Staff Writer
PHILADELPHIA It has been used with great effect to challenge those in power and bring about social change, to further the civil rights movement, to end apartheid in South Africa, and to advance the cause of the United Farm Workers in California's San Joaquin Valley. An exhibit opening Wednesday at the offices of the American Friends Service Committee (AFSC) titled "Boycott! The Art of Economic Activism" illustrates the power of boycotts in bringing about change around the world over the last 50 years.
NEWS
February 1, 2014 | By Michael Matza, Inquirer Staff Writer
Set aside any moral imperatives, political experts told an audience Thursday at the University of Pennsylvania: The strongest argument for immigration reform is financial. "America is in a global battle" for capital and labor "to grow our economy," said former Mississippi Gov. Haley Barbour, a former head of the Republican National Committee. If we educate immigrants at our universities but don't make it possible for them to stay in America, he said, the businesses they start, often with hundreds of jobs, "end up in Mumbai" instead of Memphis.
NEWS
January 31, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Holland Hunter, 92, of Haverford, an expert on Russian transportation policy and professor emeritus of economics at Haverford College, died Saturday, Jan. 18, of pneumonia at the Quadrangle in Haverford. Dr. Hunter grew up in Geneva, Ill., the son of real estate developer Harry Holland Hunter and Hester Hunter, an advertising copywriter. He graduated from the Fountain Valley School in Colorado and received his bachelor's degree in economics from Haverford College in 1943. After completing a master's degree in 1947 and a doctorate in 1949, both in economics from Harvard University, he returned to Haverford College.
BUSINESS
January 17, 2014
Reports from the 12 regional banks of the Federal Reserve indicate that the economy was expanding across the nation from late November through December, the central bank said. Philadelphia was one of two regions that reported just "modest" growth (the other was Boston), while nine regions said growth was "moderate" and one, Kansas City, said only that the economy had "held steady" during late 2013. In the Philadelphia region there was underlying confidence in the economy and transportation services were described as "booming" during the period.
REAL_ESTATE
January 12, 2014 | By Christine Bahls, For The Inquirer
Lovers of real estate metrics, you're going to need a bigger hard drive. Yet another index is now available, this one gauging the so-called real estate health of 30 major American cities. Zillow's newly released Market Health Index (see it at http://goo.gl/t9RdKd ) also allows the prospective home buyer to peek at the market condition of a particular neighborhood, by zip code. Zillow looks at an area's health through the prism of 10 economic factors, including the number of foreclosures, the number of days houses spend on the market, sale prices, the extent of delinquency, and so on. Then, after combining those factors, Zillow ranks the cities against one another on a scale of 1 to 10. It does the same for the neighborhoods.
BUSINESS
December 25, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
The Federal Reserve and the U.S. Treasury saved the banks, corporations are pocketing record profits, rich investors are getting richer. But most Americans aren't sharing that wealth. Average hourly earnings, adjusted for inflation, are stuck at 1970s levels, the U.S. Labor Department reported. Retail and home sales are still slow. How will we grow our way out of this slump? More states are pushing for an alternative method to boost wages: brute force. Which is to say, higher minimum wages.
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