Outlook for 2011 economy brightens in AP survey
The AP economy survey shows economists expect 2011 growth of about 3.2 percent, 2.2 million net new jobs, and 3.2 percent consumer spending. Unemployment will remain near 9 percent, with inflation around 1.8 percent. Tax cuts and higher stock prices fuel optimism despite risks like housing declines and energy costs.
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Associated Press
Lynn Reaser
National Association For Business Economics
Federal Reserve
Jerry Huddleston
Ozark Natural Foods
Fayetteville
Ark
Huddleston
Treasury
Europe
Nariman Behravesh
IHS Global Insight
Behravesh
Teach For America to Launch Endowment with 100 Million
Teach For America will create its first endowment with 100 million from four foundations and philanthropists. The move aims to stabilize funding and expand corps from 12,000 to 15,000 while reaching more communities, despite critics noting the program trains recent grads with limited classroom experience. Broad, Arnold, Robertson, and Mandel foundations back the initiative to institutionalize the group and support long term education goals.
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Atlanta
Teach For America
New Mexico
Los Angeles
Teach For
America
Wendy Kopp
Eli Broad
Eli and
Edythe Broad
Laura and John Arnold
Robertson Foundation
Steve and
Sue Mandel
Kopp
Broad
Social Security facing deficits until 2037 says CBO
The Congressional Budget Office projects Social Security will run annual deficits through 2037 when its trust funds are drained. The deficit for this year totals 45 billion in payroll taxes versus benefits, rising to 130 billion with a one year tax cut. The long term outlook worsens with aging baby boomers and slow economy. Republicans and Democrats debate reforms while the program asks for bipartisan fixes.
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Social Security
Congressional
Congressional Budget Office
Congress
Eugene Steuerle
Treasury
The
Urban Institute Think Tank
Barack Obama
Obama
State of the Union
Senate
Mitch McConnell
Kentucky
McConnell
Andrew Biggs
Social Security Administration
American Enterprise Institute
Treasury Department
U.S
United States
Sen
Bernie Sanders
I-Vi
China
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Active Corps
Solid Rock Café
Bible Christian Church
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