August 20, 2010 The already choppy economic recovery will continue its slow advance this year, but growth will deteriorate as its primary contributors — government stimulus and manufacturing — lose steam. Furthermore, no new economic drivers have emerged to propel the recovery into a self-perpetuating expansion, suggesting below-trend GDP growth will persist through the second [...]
August 15, 2010 With the Bush tax cuts set to expire on December 31, 2010, capital gains taxes will revert to 20 percent from their 70-plus-year low of 15 percent. In addition, barring legislative intervention, the tax rate on dividends will jump from 15.0 percent to 39.6 percent for top earners. When substantial tax code [...]
August 6, 2010 The scheduled elimination of temporary census positions in July led to weakened employment figures for the month while private employer hiring edged upward only moderately to offset a portion of the losses. Contributing 71,000 positions, private employers exceeded their June tally, but remain below the levels required to keep pace with normal [...]
July 30, 2010 Economic growth eased in the second quarter from the pace set in the first three months of the year, fueling concerns the fragile economy could slide into a double-dip recession. Despite the cautionary signals raised by the weakening headline number, the underlying components of gross domestic product (GDP) demonstrate that the economy [...]
