Tag Archives: us economy

After ‘lemming-like’ exodus, U.S. manufacturers look home

Big U.S. manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said on Monday. The chase for lower-paid workers drove … Continue reading

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U.S. economy may never fully recover: Carney

Bank of Canada governor Mark Carney says the U.S. economy could take years to recover from its current weak state — and may never return to its glory days. “The nature of the U.S. recovery, it’s going to take a … Continue reading

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Canadian companies flock to N. Dakota’s Bakken oil play

Kim Lindsay looks up at the gleaming steel of Precision Drilling Corp.’s (PD-T10.440.030.29%) Rig 560, dusted in snow and towering above the North Dakota prairie, and smiles. “This is hot off the press – been out a month,” said Mr. Lindsay, a … Continue reading

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Big banks binge on Bush-Obama ‘venture socialism’

Largely out of the media spotlight, the federal government operates a network of financial subsidy programs that benefit big banks by putting taxpayer money at risk. And President Obama, that self-styled populist scourge of Wall Street, is increasing this racket … Continue reading

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Investors hit as £30bn is wiped off the value of British firms (6)

More than £30 billion was wiped off the value of Britain’s leading companies yesterday amid fears the United States will drag the West back into recession. ‘Abysmal’ American jobs figures fuelled fears of a dangerous double-dip in the world’s biggest … Continue reading

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Energy Obamanomics: No green jobs and plenty of red ink (1)

It wasn’t enough to preside over the first-ever downgrade of America’s credit rating. Now the Obama administration is downgrading America’s energy supply as well. “We’ll invest $15 billion a year over the next decade in renewable energy, creating five million … Continue reading

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McParland: Can God save U.S. economy after S&P downgrade?

It seems more than just a little piquant that, at the same time Standard & Poor’s announced its historic downgrading of the U.S. credit rating, one of the leading Republican presidential hopefuls was preparing to spend a day offering prayers. … Continue reading

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Spengler: Zombinomics and volatility

We aren’t going to have another financial crash. In fact, nothing at all is going to happen. Forecasting the United States economy is about as exciting as predicting next quarter’s gross domestic product in 1957 Poland. You want to know … Continue reading

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Black: Why America is suffering

I am a rather positive person, and dislike being a prophet of doom — and particularly dislike being the pub bore about it. But the state of the world economy hasn’t left me any alternative. In particular, anyone who reads … Continue reading

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