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U.S. global warming plan criticized

BALTIMORE, June 4 (UPI) -- A U.S. economist praises Congress for planning to fight global warming, but he says the plan being considered would hasten environmental calamity.

U.S. personal bankruptcy growing

WASHINGTON, May 28 (UPI) -- Personal bankruptcies in the United States are rising, despite tighter restrictions passed in 2005, court documents show.

Morici says U.S. recession is on

COLLEGE PARK, Md., March 7 (UPI) -- Peter Morici, former chief economist at the U.S. International Trade Commission, declared Friday that the U.S. economy is in a recession.

Economist says Fed rate cuts not enough

KANSAS CITY, Kan., Feb. 28 (UPI) -- A leading U.S. economist Thursday said U.S. Federal Reserve interest rate cuts do not address fundamental problems facing the mortgage banking industry.

U.S. deficit provokes analysts concerns

WASHINGTON, Feb. 14 (UPI) -- The U.S. international trade deficit declined 0.6 point last year, the Commerce Department reported Thursday, but analysts say it remains a threat.

Falling home prices make borrowing harder

LOS ANGELES, Jan. 31 (UPI) -- Homeowners around the United States are finding that falling real estate prices mean they can no longer access lines of credit because the equity has vanished.

U.S. trade deficit falls 5.5 percent

WASHINGTON, Dec. 17 (UPI) -- The U.S. trade deficit in the third quarter of 2007 fell 5.5 percent to $178.5 billion, its lowest level in two years, the U.S. Commerce Department said Monday.

Robust jobs report raises questions

WASHINGTON, Nov. 2 (UPI) -- The U.S. economy, despite concerns over housing and credit, added 166,000 non-farm jobs in October, the largest growth since May, a report said Friday.

Hedge, private equity funds draw criticism

WASHINGTON, Aug. 10 (UPI) -- Hedge and private equity fund excesses were more to blame for the market meltdown than bad subprime loans, a former government official says.

Income, spending up, inflation watched

WASHINGTON, April 30 (UPI) -- Personal income, disposable income and personal consumption spending all rose for U.S. workers in March but the latter was less than expected.

U.S. home sales, goods orders said to rise

COLLEGE PARK, Md., March 23 (UPI) -- Reports on new U.S. home sales and durable-goods orders will rise and consumer confidence will fall next week, an economist predicted Friday.

U.S. retail sales increase 0.1 percent

WASHINGTON, March 13 (UPI) -- U.S. retail sales increased a slight 0.1 percent after flat sales the month before, the U.S. Commerce Department said Tuesday.

Report: Wealthy keeping retails sales up

COLLEGE PARK, Md., Dec. 13 (UPI) -- The former chief economist of the U.S. International Trade Commission says Wednesday's strong retail sales figures stem from spending by the rich.

Cause of U.S. deficit with China analyzed

COLLEGE PARK, Md., Dec. 12 (UPI) -- The U.S. trade deficit with China hit $24.4 billion in October, up $18.9 billion since December 2001 and the result of an undervalued yuan, an economist said.

U.S. savings improves, but still negative

COLLEGE PARK, Md., Nov. 30 (UPI) -- U.S. Commerce Department data on spending and incomes indicates the nation's savings rate may be improving.

Economist: Consumer remains king of GDP

COLLEGE PARK, Md., Nov. 29 (UPI) -- Figures released Wednesday by the U.S. Commerce Department indicate the current 5-year-old recovery still depends on consumers.

U.S. knocked for tolerating cheap yuan

COLLEGE PARK, Md., Nov. 27 (UPI) -- A Maryland economist wants the White House to become more assertive in its dealings with China over alleged currency manipulation.

Economist to Big Three: Look in the mirror

COLLEGE PARK, Md., Nov. 17 (UPI) -- Efforts of the Big Three automakers to extract help from Washington this week is producing mockery from economists.

CPI data means extension of bull market

COLLEGE PARK, Md., Nov. 16 (UPI) -- The latest consumer price index data, released Thursday by the U.S. Labor Department, is leading to predictions of a continuing stock market rally.

Analysis: Currencies cause Detroit's woes

COLLEGE PARK, Md., Nov. 14 (UPI) -- U.S. automakers, who met with President Bush Tuesday, are rightly concerned about undervalued Asian currencies, a Maryland economist said.

U.S. trade deficit moderates in September

WASHINGTON, Nov. 9 (UPI) -- The U.S. deficit on trade in goods and services in September was $64.3 billion, slightly down from August's record of $69 billion.

Jobs data spells stagflation - economist

COLLEGE PARK, Md., Nov. 3 (UPI) -- Fresh data from the U.S. Labor Department indicates the U.S. economy is close to a combination of recession with inflation, an economist said Friday.

U.S. spending binge may be ending

COLLEGE PARK, Md., Oct. 30 (UPI) -- Data released Monday by the Commerce Department on U.S. personal savings hold a silver lining for the stock markets, an economist said.

Analyst: More trouble in U.S. housing

COLLEGE PARK, Md., Oct. 25 (UPI) -- U.S. existing home sales are not expected to firm until spring 2007 at the earliest, an economist said Wednesday. The National Association of Realtors reported September existing home sales were 6.16 million, down from 6.30 million in August and down from

Analyst: Big Three face more big losses

COLLEGE PARK, Md., Oct. 25 (UPI) -- U.S. carmakers face more big losses because of their inability to sell vehicles, as indicated by how long each vehicle sits on a lot.
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