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February 2009

A Snapshot Look at Some Views of the U.S. Economy

Beta Gamma Sigma invites you to share your opinions with us by sending emails to bzine@betagammasigma.org.

Linked Articles:

Despite Federal Aid, Many Banks Fail to Revive Lending
By Binyamin Appelbaum, WashingtonPost.com
“The federal government has invested almost $200 billion in U.S. banks over the last three months to spark new lending to consumers and businesses. So far, it hasn’t worked.”

Obama’s ‘Big Fix,’ and Investment Deficit Disorder
By NPR.org
What happens if the stimulus package doesn’t work? One columnist has concerns.


What’s On The Job Frontier? Experts Weigh In
By Erin Killian, NPR.org
Experts weigh in on the question, “Where does the next jobs frontier lie?”


Pending home sales post increase of 6.3 pct
By AP
Analysts say that home prices are expected to continue falling throughout 2009, and the outlook for future home sales is uncertain because of the weak job market.


Hiring firms gear up for finance mop-up
By Nick Carey, Reuters
“The expected clean-up of the U.S. financial sector and an anticipated economic stimulus package has hiring firms preparing to find jobs for everyone from blue-collar workers to highly trained compliance officers.”


Most carmakers' sales plunge; Hyundai, Suburu gain
By Kimberly S. Johnson and Bree Fowler, AP
"The last month in which the seasonally adjusted annual sales rate dropped below 10 million was 1982.”


For a Fast-Acting Stimulus Plan…Washington needs to face three facts – about banks, pork, and revenge
By Jack and Suzy Welch
“Today it’s as if a blanket of fog has dropped over commerce; visibility is near zero.”


MBA Job Outlook Dims
By Anne VanderMey, Bloomberg Businessweek
“New research suggests fewer companies will be hiring MBAs this year, and salaries in tech, financing, and manufacturing will be flat or down.”


The new jobless
By Jennifer Reingold, Fortune Magazine
“Could this be you? The recession is throwing millions out of work. What the new jobless class can tell you about what it’s like out there.”


A recession of biblical proportions
By Geoff Colvin, Fortune Magazine
“Consumers usually build savings in booms, then raid their troves during busts – but not this time.”

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