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Rick Perry: ‘Unemployment rate is a sham’ – CNNMoney

Rick Perry: ‘Unemployment rate is a sham’ – CNNMoney

Potential presidential candidate Rick Perry dismissed the significant jobs gains under President Obama, telling a conservative group on Friday: “The unemployment rate is a sham.” The nation’s unemployment rate has fallen to 5.7% in January, from 10% in October 2009, 10 months after Obama took office. But Perry told the Conservative Political Action Conference that […]

US economy slowed in fourth quarter, but growth outlook still favorable – Reuters

WASHINGTON (Reuters) – U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, […]

US economy slowed in fourth quarter, but growth outlook still favorable – Reuters

WASHINGTON (Reuters) – U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, […]

Former AIG head Benmosche dies; led insurer after bailout – Reuters

(Adds quotes, background on financial crisis) By Luciana Lopez and Jennifer Ablan NEW YORK Feb 27 (Reuters) – Robert Benmosche, who headed insurer American International Group after a massive government bailout at the height of the financial crisis, died on Friday at 70, the company said in a statement. Benmosche, who was president and chief […]

Former AIG head Benmosche dies; led insurer after bailout – Reuters

(Adds quotes, background on financial crisis) By Luciana Lopez and Jennifer Ablan NEW YORK Feb 27 (Reuters) – Robert Benmosche, who headed insurer American International Group after a massive government bailout at the height of the financial crisis, died on Friday at 70, the company said in a statement. Benmosche, who was president and chief […]

US taxpayers owe Robert Benmosche a debt of gratitude – MarketWatch

(Robert Benmosche has died at the age of 70 from complications related to lung cancer, according to an announcement by American International Group. The following article was originally published on Aug. 28, 2014, […]

Upbeat Consumers Propel U.S. Fourth-Quarter Growth: Economy – Bloomberg

(Bloomberg) — American households picked up spending in the fourth quarter and remained confident in early 2015, indicating the economy is poised to overcome any bumps caused by slower global demand. The biggest gain in consumer purchases in four years helped gross domestic product expand at a 2.2 percent annualized rate at the end of […]

Robert Benmosche, Who Led AIG to Repay Bailout, Dies at 70 – Bloomberg

(Bloomberg) — Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He died on Friday at NYU Langone Medical Center in New York following treatment for lung cancer, AIG said in […]

Dollar jumps on US data, Bullard; euro falls – CNBC

The dollar reached a one-month high on U.S. data which support bets the Fed will raise rates in the middle of the year. Dollar jumps on US data, Bullard; euro falls – CNBC

Gas’s Drop Drives US Into Deflation Territory – Wall Street Journal

WASHINGTON—A measure of U.S. consumer prices fell in January from a year earlier, marking the first annual decline in more than five years and potentially complicating the calculus for when the Federal Reserve will lift short-term interest rates. The consumer-price index, which measures what Americans pay for everything from shirts to haircuts, fell a seasonally […]