Interview: Gary Locke, Secretary of Commerce
When President Obama announced Gary Locke as his nominee for secretary of commerce, he called the former Washington State governor a “tireless advocate for our economic competitiveness.” With six months of service under his belt, Secretary Locke spoke to Business on Main about his goals for helping small-business owners succeed.
Business on Main: What is at [...]
Bernanke says recession ‘very likely over’ – BusinessWeek
Federal Reserve Chairman Ben Bernanke said Tuesday that the worst recession since the 1930s is probably over.
Bernanke said the economy likely is growing now, but it won’t be sufficient to prevent the unemployment rate, now at a 26-year high of 9.7 percent, from rising.
“The recession is very likely over at this point,” Bernanke said in [...]
Job Losses Weigh on Recovery – WSJ.com
Employers cut jobs in August at the slowest pace in a year, but a jump in the unemployment rate to a 26-year high of 9.7% reinforced worries that a weak labor market could weigh on consumer spending and the vigor of the economic recovery.
Nonfarm payrolls fell by 216,000 jobs in the month, fewer than the [...]
Chrysler’s New Ram Plan Poses Brand Jam – BusinessWeek
Chrysler is potentially headed for a brand problem that will rival the pickle that GM is trying to extricate itself from.
Here is the deal. Chrysler has three main brands at the moment: Chrysler, Dodge and Jeep. But it has made it clear to the ad agencies pitching its ad account that it is splitting off [...]
