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Tell-tale stat: States' unemployment compensation funds running low

Posted Feb 11th 2009 3:00PM by Joseph Lazzaro (RSS feed)
Filed under: Bad news, Employees, Recession

It's a sign of the times: an increasing number of states are running out of money to pay unemployment compensation benefits.

Seven states have already depleted their employment insurance trust funds, according to the National Conference of State Legislatures (NCSC). Another 11 states are in danger of running out of money by the end of 2009.

What's more, states have borrowed $2.3 billion in emergency money from the U.S. government - - money that must be paid back - - to pay for unemployment compensation.

Continue reading Tell-tale stat: States' unemployment compensation funds running low

Bernanke boosts Fed's transparency

Posted Nov 14th 2007 2:45PM by Joseph Lazzaro (RSS feed)
Filed under: Other issues, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of New York (BK), , Federal Reserve

The initial analysis regarding U.S. Federal Reserve Chairman Ben Bernanke's major changes to the Fed's communication strategy is that the changes, via increased information, will enhance the market's ability to identify and analyze Fed policy.

Bernanke, who announced the changes during a speech Wednesday, said the Fed will now:
  • publish economic forecasts quarterly, up from semi-annually. (These reports will include forecasts for economic growth, unemployment and inflation.)
  • publish a 3-year horizon analysis, up from a 2-year analysis, and this section will also include "a narrative" that summarizes the views shaping the outlook, as well as the breadth of views among Fed governors.
  • publish a price gauge prediction for headline inflation (which includes food and energy costs), as well as a prediction for core inflation.

Continue reading Bernanke boosts Fed's transparency

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 28, 2009: 08:59 AM

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