June 12, 2013
By Rémy Raisner Five years after the beginning of the global financial crisis, the French and U.S. economies present drastically different pictures. While America seems on the path to full recovery, France still faces challenges, and its economy is in recession for the second time in four years. The national mood is one of the most pessimistic in Europe, and Francois Hollande, one year after his election as president, is seeing record-low popularity. Why? Part of the explanation lies in a combination of weak growth, competitiveness issues, high joblessness, and high public spending, totaling 57 percent of gross domestic product - vs. about 40 percent for the United States.
March 4, 2003 |
While moving toward war with Iraq, President Bush yesterday sought to underscore that he was not ignoring the slumping economy. In a 40-minute interview with reporters from around the country, he touted his plans to cut taxes, curb corporate abuse, and shore up health care. "I'm optimistic about this economy, I really am," Bush said. "I think the underpinnings for growth are solid and sound. But we've got work to do, so I'm going to work hard with the Congress, and I'm also optimistic about the Congress hearing from the people in getting this package that I proposed passed.
November 4, 1991 |
I got a hole in my shoe," said Slats Grobnik, "but I don't know what to do about it. " What are you talking about? Your choices are simple. Get a new pair of shoes or get the old pair resoled. "Not that simple. I wanna do what's best for the country. " What does a hole in your shoe have to do with the well-being of this country? "See? You never did know nothing about economics, did you? The hole in my shoe is what this recession is all about. " Your shoe? "It works this way. If I go out and buy a new pair of shoes, I'm gonna be spending money on consumer stuff, right?
September 5, 2007
By Matt Joyce As I slid slowly into Thomas Jefferson University Hospital's glistening, space-age MRI machine recently, preparing for a 40-minute, $1,500 procedure that would yield more than 100 images of my injured wrist, thoughts of American entrepreneurship, preventive care, and the glaring ironies of our health-care system circled through my head. Three years ago, my former college roommate, Tim Ifill, and I started a nonprofit organization called Philly Fellows. Both of us chose to forgo traditional jobs with stable salaries and benefits to build a program that we were passionate about, and that we felt would make a tangible impact on the city of Philadelphia.
March 6, 1991 |
Boxers are known for absorbing blows, but the sluggish economy is forcing them to take the punches to their pocketbooks - an area that may be even more vulnerable than their chins or bellies. The hard times have become apparent with the Carl "The Truth" Williams- Tim Witherspoon card on Friday night at the Trump Taj Mahal in Atlantic City. Williams, who will defend his United States Boxing Association heavyweight title, will make $175,000, while former world champ Witherspoon will earn $165,000 - purses that would have been bigger, according to promoter Bob Arum, if the economy were healthier.
July 14, 1991 |
Six years ago, David A. Stockman, the brash Reagan administration budget director, left Washington, vilified by the city's establishment for warning that the President and Congress would drive the country to financial ruin by failing to cut the federal budget deficit. Today, the former supply-side Wunderkind, who has barely been heard from since arriving on Wall Street in 1986, sounds more like Pollyanna than Cassandra. He thinks the budget and the U.S. economy are back on a healthy track.
December 10, 2007 |
Metro Philadelphia's mix of corporate employers makes for a mellow regional economy, slow-growing but also recession-resistant. An Inquirer survey of more than 200 major employers shows the region's biggest job engines are the hospital system affiliated with Thomas Jefferson University, and the combination of the University of Pennsylvania and its hospital network. Other big employers include drugmakers and medical-device manufacturers such as Merck & Co. Inc. , GlaxoSmithKline P.L.C.
April 2, 2011 |
In today's economy, hard work does not seem to be enough for small businesses to prosper. Fulfilling the dream has become much more complicated. In the Philadelphia area, small-business owners have struggled with the difficulties of the uncertain economy. Independently owned Jacquette's Bakery in Broomall has struggled with the failing economy and has been able to survive. Dennis Jacquette, the pastry shop's owner for 31 years, described the economy's effect as "a little challenging, but not much of a problem.
April 7, 2013 |
WASHINGTON - A streak of robust job growth came to a halt in March, signaling that U.S. employers may have grown cautious in a fragile economy. The gain of 88,000 jobs was the smallest in nine months. Even a decline in unemployment to a four-year low of 7.6 percent was nothing to cheer: The rate fell only because more people stopped looking for work and were no longer counted as unemployed. The weak jobs report Friday from the Labor Department caught analysts by surprise and served as a reminder that the economy is still recovering slowly nearly four years after the Great Recession ended.
July 18, 1986
The editorial of July 10, "Time for action to boost growth of U.S. economy," correctly lists the economy's troubles, but does not say why it is in trouble. In 1945, the United States was the most outstanding industrial nation in the world. Japan, on the other hand, was prostrate, with Gen. Douglas MacArthur reordering Japanese life after that country's military defeat. In the post-war period, Japan de-emphasized militarism, but the United States concentrated on that activity.