MiamiHerald.com: Economy & Banking

Credit union wants to hire young, hip ‘spokester’

Wed, 03 Apr 2013 09:23 EDT

Need to engage your 18-25 target audience? Hire a ‘spokester’ who speaks the language.

Jobs growing in South Florida

Fri, 29 Mar 2013 19:21 EDT

Thinned-out government payrolls are the main drag on employment recovery in South Florida. And while there are more jobs, there are also more people unemployed in Dade.

Jobs data are difficult to decipher

Fri, 29 Mar 2013 19:09 EDT

It is obvious that once a month the latest jobs report is the most important check-up on the economy, as it will be in the coming week. What is more complex is deciphering the data to discern meaning. There will be several contradictory clues on employment hidden beneath the headline numbers when the government releases the March jobs report Friday morning.

S&P 500 closes at record high

Thu, 28 Mar 2013 18:19 EDT

The broad market index, Standard & Poor’s 500, gained 6.34 points to finally surpass its pre-recession high.

Unemployment lowest since 08 in Miami-Dade

Thu, 18 Oct 2012 11:45 EDT

The private sector continues its slow recovery, while government hiring continues to hold back job growth.

Weak jobs report made worse by leaner government payrolls

Fri, 07 Sep 2012 21:29 EDT

With fewer than 100,000 new jobs, August dampened hopes for a rebounding jobs market. One big culprit: governments are not hiring like they used to.

Economists say Obama plan would create jobs, but ...

Fri, 09 Sep 2011 19:04 EDT

Could it work? That's the question being asked about President Barack Obama's big new jobs plan. Independent experts answered Friday with a qualified yes.

S&P cuts U.S. debt rating, cites 'weakening' of policy making

Sat, 06 Aug 2011 00:26 EDT

Credit rating agency Standard & Poor's downgraded the AAA credit rating the United States has enjoyed for 70 years late Friday night in a move that had been expected, but still left the Obama administration angry and combative. S&P said the debt-ceiling deal didn't do enough to trim the deficit and showed that U.S. political institutions were not effective in dealing with the economy and the deficit.

Cut federal debt, Americans say, even if that slows economy

Wed, 06 Jul 2011 19:33 EDT

Despite lingering anxiety over the Great Recession, Americans by a large margin want their federal government to focus more on cutting debt than on increasing spending even temporarily to boost the economy, according to a new McClatchy-Marist poll.

Jobless claims rise to highest level in 9 months

Thu, 19 Aug 2010 10:48 EDT

Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.

Signs of a spring break rebound: busy body piercers

Sat, 20 Mar 2010 00:37 EDT

Some signs spring break has arrived: loud beaches, busy tattoo parlors and a quiet morning at Key West's Fairfield Inn and Suites.

"The free breakfast is usually a huge draw," General Manager Chris Majchrowicz said.

But even with most of the 106-room hotel filled with spring breakers, Majchrowicz saw breakfast service down nearly 50 percent this week.

"They're very late sleepers."

Calculate the recovery period for your underwater home mortgage

Mon, 26 Oct 2009 15:26 EDT

Bill to tighten rules on ratings agencies has big loopholes

Wed, 21 Oct 2009 06:22 EDT

A key House of Representatives committee is set to vote soon on legislation that would overhaul financial regulation and produce greater transparency for investors, but as it's now written it fails to address many of the credit-rating agency missteps that helped fuel the global financial crisis.

Banks fight to kill proposed consumer protection agency

Fri, 25 Sep 2009 06:29 EDT

If you doubt that U.S. banks long to return to the days of impotent regulation, you need only look at one of the financial sector's top legislative priorities: killing a proposed new agency that would be dedicated solely to protecting consumers' financial interests.

Family health costs outpace inflation and wage growth

Wed, 16 Sep 2009 11:58 EDT

The average cost of job-based family health insurance climbed 5 percent to $13,375 in 2009, making this the 10th straight year that health care premiums have increased faster than workers' wages and overall inflation have.

BofA, Wells Fargo get low marks on mortgage modifications

Thu, 06 Aug 2009 07:28 EDT

The Obama administration's first monthly report on mortgage modifications showed that Bank of America had adjusted the terms of just 13 percent of mortgages eligible for modification, while Wells Fargo had made changes to just 12 percent of its eligible loans. Both banks received billions in government bailouts last year.

As federal debt soars, where's all the money to come from?

Wed, 15 Jul 2009 05:30 EDT

As the Obama administration wrestles with how to pay for a costly revamp of the health care system and whether to spend more to spark a nearly lifeless economy, it faces shrinking fiscal room to maneuver. With each passing day, the outlook for the government's finances grows dimmer.

Group urges Congress to pass catastrophe insurance bill

Fri, 10 Jul 2009 07:42 EDT

A group is urging Congress to enact a federal homeowners' insurance program for natural disasters such as hurricanes, earthquakes and wildfires before the next one strikes, saying such events pose a serious threat to the economy.

What happened to those bad bank assets? So far, nothing

Wed, 08 Jul 2009 07:31 EDT

The so-called toxic assets that are at the core of the finacial crisis are still sitting on bank balance sheets — worth less now than they were last autumn. Until something is done about them, the economy will continue to struggle. Yet Treasury Secretary Timothy Geithner's Public-Private Investment Program to purchase those assets still isn't operating.

Money-saving tips from fellow readers

Sat, 18 Apr 2009 18:39 EDT

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