PLANNED CUTS TOTAL 35,940 IN NOVEMBER
from Challenger Gray and Christmas
Downsizing activity by U.S.-based employers declined by 30 percent in November, with 35,940 planned job cuts announced during the penultimate month of 2014.
December 4th, 2014
by Jake Bernstein, ProPublica.org
Update, Dec. 1, 5:55 p.m.: The Federal Reserve Board declined to respond to detailed questions about this article. The Inspector General also declined to comment. Former Fed Chairman Ben Bernanke referred all questions to the Federal Reserve. Medley Global Advisors did not respond to requests for comment.
Econintersect: We offer a daily review of some of the important and/or interesting things we read each day. Our "What We Read Today" column has some material available to the general public at no charge and some more detailed discussion 'behind the wall' as premium content. We do this to offer our readers a chance to get a little extra in return for supporting our efforts. Following the Read more >> jump is the entire "What We Read Today" column from last week Thursday. What you see is the public view content followed by what was 'behind the wall'.
December 3rd, 2014
from the Richmond Fed
While economists have made substantial progress exploring this question, the answer remains unclear. The answer is important because financial regulation that does not address a specific market failure risks causing new inefficiencies and unintended consequences in the financial system and broader economy. To demonstrate how economic theory can be used to identify market failures and guide policy, this Economic Brief discusses a common market failure called a "pecuniary externality" and demonstrates the pitfalls of applying regulations in situations where the precise sources of market failures are not well-understood.
Econintersect: The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) said "that national economic activity continued to expand in October and November". The previous report said that the economy was growing "at a pace similar to that noted in the previous Beige Book". We have to guess if it is better than the previous period.
Please see the end of this post for words the Federal Reserve uses when the economy is entering a recession.