Jobs vanish overseas as profits rise and markets grow
Firms profit in the United States, yet hiring booms overseas. Caterpillar and UPS boost overseas staff while international sales outpace domestic growth. The Economic Policy Institute notes 1.4 million U.S. jobs moved abroad this year, raising unemployment and reshaping production toward Asia and emerging markets.
MENTIONED IN THIS ARTICLE
Caterpillar Inc
UPS
United States
U.S
The
Economic Policy Institute
Washington
India
China
Brazil
Elry
MasterCard
Jeffrey Sachs
Columbia University
Caterpillar
Asia-Pacific
David Wyss
Standard & Poor’s
Obama weighs top economic adviser as new agenda looms
Obama plans to name a successor to Lawrence Summers as head of the National Economic Council. The chosen figure could steer policy on unemployment, growth, and the administration’s second-half fiscal plan. Speculation centers on finance, academia, and insider options amid a 9.8 percent jobless rate. Summers resignations and delays push the decision to January.
MENTIONED IN THIS ARTICLE
Honolulu
Barack Obama
National Economic Council
Lawrence Summers
Obama
Roger Altman
Wall Street
Yale
Richard Levin
Gene Sperling
Treasury Department
Jason Furman
Council
Summers
Harvard University
White House
Robert Gibbs
Home prices to fall in 2011 in major cities
The S and P Case Shiller 20 city index shows October prices down 1.8 percent from September with declines in all cities. Atlanta led with a 2.9 percent drop and others like Washington saw minor slips. Foreclosures remain a major downward force as tax credits fade and credit tightens.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Atlanta
Washington
Dallas
Portland
Ore
Charlotte
N.C
Tampa
Fla
Denver
Also Mentioned on This Page
Robert Scott
Institute
Scott
Caterpillar Company
Friedrichsort
Kiel
Germany
Economist
Samys
UWS
de ZY
Aoicehotels.com
America
Ky, Miracle-Ear
Miracle-Ear
Patrick Duffy
Towne East
Sears
E. Kellogg
Wichita
Ear of
Dodge City
14Th St
Lawrence Sears
Iowa
Lawrence
Hes
Diecouet
Towne West
W. Kellogg
Garden City
E. Kansas Ave
Independence
E. 39Th St. S
Ear of Newton
S. Main St
Ste. 130
Newton
Topeka
Wanamaker
Antioch Sears
Antioch Rd
KCMO
Natore
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