Economic Development

Global investors anticipate Europe’s debt crisis leading to an economic slump, a financial meltdown and social unrest in the next year, with 72 percent predicting a country abandoning the euro as a shared currency within …

The performance of first-lien mortgages serviced by large national banks and federal savings associations declined slightly during the second quarter of 2011, according to a report released Sept. 29 by the Office of the Comptroller …

Iowa employers are less optimistic than they were just three months ago, according to the Hamilton Hiring Survey released today.

The survey looks at employer confidence and hiring intentions for the upcoming quarter – October …

European Union (EU) and International Monetary Fund (IMF) inspectors will return to Greece on Sept. 29 to decide whether Athens has done enough to secure a new batch of aid vital to avoid insolvency, while …

President Barack Obama’s deficit reduction plan would be positive for U.S. debt ratings but chances of its implementation are “extremely low,” Moody’s Investors Service said today.

Moreover, the ratings agency warned that deficit reduction in …

Robert Bixby, director of the Concord Coalition, and David Walker, director of the the Comeback America Initiative and former U.S. comptroller general, will talk about  the national debt, deficits and other economic issues from 7:30 …

More Americans than forecast filed first-time claims for unemployment benefits last week as the labor market struggled to improve, Bloomberg reported.

Applications for jobless benefits decreased 9,000 in the week ended Sept. 17 to 423,000, …

Stocks fell sharply at the open today, including a drop of more than 300 points by the Dow Jones industrial average.

The Dow had fallen 335.88 points as of midmorning, a drop of more than …

A total of 2.8 million jobs, largely in manufacturing, have been lost as a result of the growing U.S. trade deficit with China since China’s entry into the World Trade Organization in 2001, according to …

Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, Bloomberg reported.

The International Monetary Fund (IMF) said today …