| Pearlstein: President Obama's Economic Agenda
February 25, 2009 at 12:00 pm
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| | The Washington Post's Steven Pearlstein will be online to discuss President Obama's Tuesday night speech before the joint session of Congress. 
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| U.S. Stocks Fall in Early Trading
February 25, 2009 at 10:58 am
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| Stocks fell sharply lower this morning after a new report showed that existing home sales fell to their lowest level in 11 years, providing fresh concern about the continuing downward spiral of the housing market.
 
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| Washington Post Co. Earnings Decline 77 Percent
February 25, 2009 at 10:33 am
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| | The Washington Post Co. earnings fell 77 percent in the fourth quarter of last year compared with the same period in 2007, as a large impairment charge drove down net income. 
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| A Second Try at Calming Bank Investors
February 25, 2009 at 12:00 am
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| | The revised financial aid plan for troubled banks that the Obama administration is launching this week is the government's second attempt to convince investors that it is giving banks the money they need to cover mounting losses and survive the recession. 
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February 25, 2009 at 12:00 am
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| | As General Motors and Chrysler seek another infusion of government funds, Ford is standing apart for now -- and may be benefiting. 
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| Lack of Shoppers Forces Malls to Cut Hours
February 25, 2009 at 12:00 am
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| | Two major shopping center developers are reducing hours of operation at malls across the country -- including three in the Washington area -- as the retail industry struggles to adapt to the severe drop-off in traffic and consumer spending. 
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| President's Historic Message Balances Urgency, Optimism
February 25, 2009 at 12:00 am
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| | Barack Obama climbed Capitol Hill last night and staked his presidency on bringing the nation out of its economic crisis. 
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| Market for Romance Goes From Bullish to Sheepish
February 25, 2009 at 12:00 am
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| See the tall, gregarious young man in the Eighteenth Street Lounge, moving easily toward a group of receptive women as the floor vibrates with reggae music? He's dressed in a sharp Hugo Boss suit, and he knows that the minimum for a table is $240.
 
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| What Is 'Nationalization'? Depends Who You Ask.
February 25, 2009 at 12:00 am
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| | A purist could argue that the word nationalization should only be used to describe situations in which the government owns a company, the government runs the company and the government plans to keep on running the company. 
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| Obama to Lay Out Plan for Economy in Speech
February 24, 2009 at 3:01 pm
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| | President Obama plans to spell out details of a financial stability program and other measures to revive the U.S. economy when he addresses a joint session of Congress tonight for the first time, but his bleak assessments in recent weeks will be leavened by a more hopeful outlook aimed at instill... 
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| US meeting with Japan's PM meant to reassure Toky
February 24, 2009 at 1:11 pm
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| | WASHINGTON -- President Barack Obama told Japanese Prime Minister Taro Aso on Tuesday that the United States wants to strengthen ties with Japan, a country Obama described as the cornerstone of U.S. security policy in East Asia and a major U.S. economic partner. 
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| U.S. Stocks Rise Modestly
February 24, 2009 at 1:04 pm
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| Investors shook off dour economic news and pushed U.S. stocks higher today, one day after indexes fell to 12-year lows.
 
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| Bernanke Hopes 2010 'Year of Recovery' for U.S.
February 24, 2009 at 10:34 am
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| | The U.S. recession could end this year, paving the way for a "year of recovery" in 2010, if the government's actions to bolster the financial sector are effective, Federal Reserve Chairman Ben S. Bernanke said today. 
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| Camera Giant's Focus Falters
February 24, 2009 at 12:00 am
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| | After 91 years of steady growth that turned it into the nation's largest photography retailer, Ritz Camera is under pressure from the digital age, plummeting consumer confidence and one of the worst financial slumps in generations. 
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| A Few Choice Business Morsels to Chew On
February 24, 2009 at 12:00 am
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| | The silver linings in this economic cloud have been few, seemingly non-existent. Instead, they've been replaced by news that at times may seem almost Kafkaesque. 
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| Crisis Prompts Calls to Boost IMF Reserves
February 24, 2009 at 12:00 am
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| | A looming financial crisis in Eastern Europe is fast depleting International Monetary Fund reserves, fueling tensions between the wealthy but cash-strapped countries that have traditionally controlled it and emerging economies that have the resources to shore it up. 
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| Obama's Job Approval Ratings High, but Poll Finds Bipartisan Support Eroding
February 24, 2009 at 12:00 am
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| | As President Obama prepares to address a joint session of Congress tonight, he is receiving strong reviews for his first full month in office, but deep partisan fault lines are quickly reemerging. 
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| Auction of Gandhi's Belongings Sparks Outrage Among Indians
February 24, 2009 at 12:00 am
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| | NEW DELHI -- Indians are expressing outrage over a New York auction that is set to sell some of the most personal belongings of India's great independence leader Mohandas K. Gandhi -- the gaunt, bare-chested man whose ascetic life defied materialism. 
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| U.S. May Set Greenhouse Gas Standard for Cars
February 24, 2009 at 12:00 am
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| | The Obama administration is considering establishing national rules for regulating greenhouse gas emissions for automobiles, according to White House officials, a move backed by both auto manufacturers and some environmentalists. 
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| UAW, Ford Cut Deal On Health Benefits
February 24, 2009 at 12:00 am
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| | The United Auto Workers and Ford have reached a new agreement on how to fund health benefits for retirees, possibly creating a model settlement for the other two major U.S. automakers as they battle to fend off bankruptcy. 
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| U.S. Markets Down Sharply Despite New Plan for Banks
February 23, 2009 at 3:02 pm
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| U.S. stocks turned sharply lower in afternoon trading today, sending the Dow Jones industrial average and the Standard & Poor's 500 stock index to lows not seen in at least 11 years.
 
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| Obama Vows to Cut Federal Deficit in Half by End of First Term
February 23, 2009 at 3:01 pm
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| | President Obama launched a "fiscal responsibility summit" at the White House today by vowing to cut the federal deficit in half by the end of his first term in office, and he pledged to reinstate pay-as-you-go budgeting rules to prevent the government from spending money it does not have. 
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| Government Moves to Shore Up Banking System
February 23, 2009 at 12:06 pm
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| | The federal government will ease the terms of its investments in more than 350 financial institutions to increase the benefit of the taxpayer dollars they have already received, regulators announced this morning. 
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| Autoworkers Union Reaches Deal on Health Benefits With Ford
February 23, 2009 at 10:55 am
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| | The United Auto Workers and Ford Motor Co. have reached an agreement on health benefits for retirees, union President Ron Gettelfinger said today, partially settling what has become one of the key issues between U.S. automakers and the union. 
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| Citi Seeking More Federal Aid
February 23, 2009 at 8:15 am
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| | Citigroup executives have approached federal regulators to discuss steps the government could take to strengthen the troubled company, according to two people familiar with the matter. 
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| Experts Predict A Dim Future Across the Board
February 23, 2009 at 12:00 am
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| | If the 21 local business and economic experts participating in the Post's Local Economy Challenge 2009 are to be believed, the Washington area is in for a year that's worse than last by almost every measure. 
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| Citi Seeking More Federal Aid
February 23, 2009 at 12:00 am
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| | Citigroup executives have approached federal regulators to discuss steps the government could take to strengthen the troubled company, according to two people familiar with the matter. 
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| Philadelphia Papers File Chapter 11
February 23, 2009 at 12:00 am
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| | When Brian Tierney bought the Philadelphia Inquirer and Daily News in 2006, he boasted that he would improve the newspapers through smart management and an intense focus on local news. 
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| Heads of 8 European Countries Pledge Global Finance Changes
February 23, 2009 at 12:00 am
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| BERLIN, Feb. 22 -- European leaders on Sunday pledged to establish global oversight of hedge funds, crack down on tax havens and beef up other rules as part of a reformation of the international monetary system.
 
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| Government Gets Chance To Prove It Can Work
February 23, 2009 at 12:00 am
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| | For weeks, the economic stimulus package lay in the hands of President Obama and congressional leaders. But with Obama having signed the $787 billion bill on Tuesday, its fate has been dispersed far and wide -- to places such as the state office building in Crownsville, Md., outside Annapolis, where... 
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| Area Economy Fell Harder Than Even Pessimists Guessed
February 23, 2009 at 12:00 am
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| | Even those who most accurately predicted the course of the Washington-area economy in the Post's Local Economy Challenge 2008 failed to guess the depth of the financial drama that has unfolded. 
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| A Year After 'Tech Tax' Scare, Maryland Firms Follow Up With Lawmakers
February 23, 2009 at 12:00 am
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| | A year ago, Maryland technology companies were holding rallies and pushing a last-minute lobbying campaign at the State House as they tried to persuade legislators not to impose a new tax on the industry. 
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| Clinton: China Must Continue to Invest in U.S. Bonds
February 22, 2009 at 8:47 am
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| | BEIJING, Feb. 22 -- Secretary of State Hillary Rodham Clinton on Sunday urged China to keep investing its substantial foreign-exchange reserves in U.S. Treasury securities, arguing "we are truly going to rise or fall together." 
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| Senate Weighing New Rules for Retirement Funds
February 22, 2009 at 12:00 am
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| | Target-date retirement funds are coming under increased scrutiny as investors try to contain the damage to their 401(k)s from the worst economic downturn in generations. 
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| Investing in the Obama Factor
February 22, 2009 at 12:00 am
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| Hope, solidarity, better health care, and a new place for America in the world. These are some of the aspirations America has for the Obama presidency, but if you turn to the personal finance gurus, you'll find another aspiration -- making a quick buck.
 
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| Interview Chemistry, a Blend of Art and Science
February 22, 2009 at 12:00 am
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| | Chemistry is key, not only on a date, but also in creating a connection with a job interviewer. 
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| At Meeting, Governors Share Plans for Stimulus Funds
February 22, 2009 at 12:00 am
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| | The nation's governors, battered by plunging tax revenue and growing budget deficits in their states, converged on Washington yesterday and outlined their plans to spend billions of federal dollars coming their way from President Obama's economic stimulus legislation. 
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| You Can Benefit, but Don't Get Caught by Details
February 22, 2009 at 12:00 am
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| The stimulus plan President Obama signed into law contains a few tax treats for individuals. But before you jump for joy, pay close attention to the details so you know which provisions can benefit you, and how.
 
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| Money-Market Funds Waive Fees to Boost Yields
February 22, 2009 at 12:00 am
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| | The borrower's boon is the saver's bust: With yields on short-term Treasury bills stuck near zero percent, money-market funds that hold these securities are struggling to keep their returns positive, after fees. Some funds are investing in longer-term securities, which extends the average maturit... 
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| Fidelity Funds Reopen; Defensive Stocks Favored
February 22, 2009 at 12:00 am
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| | Fidelity Contrafund and Fidelity Low-Priced Stock Fund are open to new investors. 
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| How to Qualify for Jobless Benefits and Start Collecting
February 22, 2009 at 12:00 am
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| | QI was laid off from my job and am wondering whether I can receive unemployment benefits. How do I sign up for them? 
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| May I Keep Windfall From Bank Error?
February 22, 2009 at 12:00 am
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| QMy bank made a $1,000 error in my favor, which I brought to their attention -- twice -- and offered to repay. They said they'd look into it and debit my account, but it's never happened. May I keep the money?
 
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| Madoff's Investors Face Dim Prospects in Court
February 22, 2009 at 12:00 am
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| | The securities laws may be your worst enemy if you lost money in the Madoff scam. Investors are suing the feeder funds that channeled their money to Bernard Madoff, accusing the feeders of fraud, negligence or breach of fiduciary duty. On the surface, the cases sound like slam dunks. 
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| Maybe It Wasn't Such a Capital Idea
February 22, 2009 at 12:00 am
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| | Wall Street is acting like a nervous kid in a haunted house: jumping out of his skin every time someone says "Boo!" 
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| On Track to Grow
February 22, 2009 at 12:00 am
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| | With billions of stimulus dollars heading to infrastructure projects, companies that maintain and repair the nation's highways, railroads, airports and ports stand to gain. Some are already getting a bounce. CAI International, which leases marine cargo containers, has climbed 31 percent since Pre... 
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