September 11, 2012 |
BEIJING — China reported weak trade activity in August, raising pressure on the central government to stimulate the nation's slowing economy. Imports fell 2.6% from a year earlier after growing 4.6% in July, underscoring China's softening demand for commodities and raw materials. Exports grew 2.7% from a year earlier, up slightly from 1% growth in July. The weak trade figures, announced Monday, come a day after China said industrial production had expanded at its slowest pace in three years.
August 25, 2012 |
WASHINGTON — Federal Reserve Chairman Ben S. Bernanke defended the central bank's efforts to stimulate the economy, even as Republican presidential candidate Mitt Romney criticized those steps and said that, if elected, he wouldn't reappoint Bernanke to the post. Bernanke defended the Fed's efforts in a letter to Rep. Darrell Issa (R-Vista) released Friday. The Fed is considering another round of bond-buying to boost the sluggish recovery. "There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery," Bernanke said in the letter to Issa, chairman of the House Committee on Oversight and Government Reform.
April 10, 2012 |
China's inflation rate rose slightly in March, raising concerns about the government's ability to stimulate the economy should growth falter in coming months. Rising food and fuel prices helped drive China's consumer price index up 3.6% from the same month last year, China's National Bureau of Statistics said Monday. That was up from a 3.2% rate in February. China raised its retail prices for gasoline and diesel March 20 for the second time in six weeks, increases that probably contributed to the rising food costs.
February 13, 2012 |
As Europe tries to climb its way out of a debt crisis, the continent's largest and strongest economy, Germany, has pushed its neighbors to reduce budget deficits and pledge to keep long-term public spending under control. But with the Eurozone facing a recession, Germany's insistence on austerity — also known as fiscal consolidation — has drawn criticism from those who subscribe to British economist John Maynard Keynes' formula of increasing public spending during economic slowdowns to spark demand and economic recovery, and then reining in spending during prosperous times.
January 4, 2012 |
The Federal Reserve, taking an innovative step in its public statements, will start providing a quarterly forecast of when it plans to make a shift in the key short-term interest rate that it sets — its latest effort to spur the sluggish economy and calm volatile stock markets. The projections, to start late this month, could act as an economic stimulus by offering a tentative financial road map to consumers and businesses to encourage them to borrow and take risks. It also could help ease market tension and push down already historically low yields on long-term bonds.
December 18, 2011 |
Psst: Want to know a way to reduce our national debt by a quarter of a trillion dollars over the next decade, and remove an often abused and possibly unconstitutional section of the tax code? Are you sure you do? You may want to sit down. Get rid of the federal charitable-giving tax deduction. I know that statement will create a firestorm. I ran the California Community Foundation for 25 years, and the foundation — not to mention your alma mater, the Girl Scouts, the AARP and many other charities — think pretty highly of the tax deduction.
November 9, 2011 |
Forget about rock 'n' roll: When rats are administered the highly addictive stimulant methamphetamine and allowed to engage in sexual behavior while high, all they want is more of both. That's the raw finding of a study published Tuesday by the Journal of Neuroscience. It's important because many who use methamphetamine report that it enhances their sexual experience. But because it also reduces their inhibitions , those abusers are more likely to engage in risky sexual behavior , including unprotected sex and anal intercourse.
October 10, 2011 |
Even when vision has failed, the mind's eye can see, given just the right voltage to just the right place in the brain, says a study published Monday in the Proceedings of the National Academy of Sciences. The study , which used rhesus monkeys with intact vision, demonstrated one way to restore something akin to sight in the blind. It showed that direct stimulation to the brain's visual cortex can create the perception of shapes, colors and contrasts -- even when the eyes cannot see them.
June 24, 2011 |
A surprise move to tap government oil reserves could slash painfully high gasoline prices this summer and give the U.S. economy a much-needed boost, but the rare action underscores the challenge posed by the weakening recovery. The price of oil tumbled Thursday after the U.S. and other industrialized countries, citing the loss of oil from Libya, said they would release 60 million barrels of crude from emergency stockpiles and sell it on the energy markets over the next 30 days. Half of the oil is to come from the U.S. government's Strategic Petroleum Reserve on the Gulf Coast.
May 27, 2011 |
The Obama administration has identified dozens of unneeded regulations — from handling spilled milk to requiring warm-air hand dryers — that should be eliminated to save hundreds of millions of hours a year in filling out forms and, over time, billions of dollars in costs. The proposed changes, a few of which already have been enacted or are in their final stages, came in a report Thursday from a government-wide review ordered by President Obama in January to weed out overly burdensome rules and stimulate job growth.