Some of the best reads for investors from around the Web, including posts evaluating how consumers spend their money, whether Google could be considered a monopoly and the debate about the Fed's policy on quantitative easing.
After initially voting for the QE2 plan, Federal Reserve Governor Kevin Warsh said in a speech Monday that the government's decision to buy $600 million worth of bonds to spur the economy is a bad idea.
Some of the best reads for investors from around the Web, including posts on a misunderstanding about kickbacks at Foursquare, the second stimulus plan and the latest in Google perks: servants for its employees.
With the two houses divided, the parties will have to compromise. But will they? The challenge will become acute if the Fed's latest stimulus gambit falls short, leaving the economy gasping. The GOP's aversion to spending could be tested.
It's clear the U.S. economy is suffering from a lack of demand. So, this poor report will likely bolster Fed officials who want to keep interest rates low and employ more quantitative easing.
The noted economist writes in a Financial Times editorial that Obama did plenty to stave off a depression. But his administration is already too timid about further stimulus, and once the GOP gains power in Congress, the policy prescriptions will become even more feeble.
Volatility started picking up in the last few sessions, and now that a downbeat Federal Reserve Chairman Ben Bernanke has made another round of stimulus all but certain, traders are taking notice that things aren't nearly as good as they could be.
He's staying on the offense, accusing Republicans of dragging their feet in Congress just as the economy needs another boost. The president said he hopes his new small-business jobs bill will pass as soon as next week.
Speaking at a White House press conference, President Obama named Austan Goolsbee as his new top economic adviser. He has a "deep appreciation of how the economy affects everyday people," Obama said.
