By Reuters
Deere CEO Samuel Allen. (AP/Deere)
Federal Reserve officials are correct to worry more about stimulating the U.S. economy than about inflationary price pressures bubbling in the fuel and food sectors, the chairman and chief executive of Deere & Co. said Tuesday.
In an interview, Samuel R. Allen said he worries about the strength of the U.S. recovery even though the farm equipment giant he leads is reaping the benefits of a global farming boom he expects to continue for years. Get the full story »
March 15 at 12:23 p.m.
Filed under:
Economy,
Government
By CNN
Former Federal Reserve Bank Chairman Alan Greenspan, right, takes a question Tuesday morning about his recent publication, "Activism." (Chip Somodevilla/Getty)
Massive government intervention to save the economy is to blame for the lagging recovery, Former Federal Reserve Chairman Alan Greenspan said Tuesday..
“What we need to do now is to calm down; let things move by themselves,“ he said at a forum at the Council of Foreign Relations. “And indeed of rate of activism has decreased significantly and the ratio of capital flow has inched back up.” Get the full story »
Nov. 30, 2010 at 7:41 a.m.
Filed under:
Jobs/employment,
Layoffs
From the Chicago Sun-Times | A stimulus program that has given job training and work experience to 26,000 low-income Illinoisans will end today unless Congress extends its funding. Gov. Quinn extended the “Put Illinois to Work” program for two months past its original Sept. 30 expiration date by allocating $75 million in state money on Sept. 29. Get the full story >>
Sep. 24, 2010 at 6:26 a.m.
Filed under:
Government,
Retail
By Problem Solver
By Kristin Samuelson and Julie Wernau | If you missed your opportunity in April to take advantage of the government rebates on new energy-efficient appliances, today’s your lucky day. But you better move fast.
The state of Illinois is offering consumers approximately $3 million in rebate money to replace their old clothes washer, dishwasher, freezer, or refrigerator with a new Energy Star qualified model at participating stores starting at 8 a.m. Friday. The rebates will provide a 15 percent discount (up to $250) on the appliances, but you have to act fast because the rebate program will stop once the funding runs out.
Sep. 17, 2010 at 6:45 a.m.
Filed under:
Consumer news
From the Chicago Sun-Times | Using federal stimulus money, Illinois will again offer residents 15 percent rebates on new Energy Star-rated major appliances, such as freezers and diswashers, up to $250 per item.
The program starts at 8 a.m. Sept 24 and is first-come, first-serve until the money runs out likely within the day. Shoppers in the first rebate program in April claimed $6.2 million in rebates within 11 hours. Get the full story>>
June 30, 2010 at 10:19 p.m.
Filed under:
Economy,
Jobs/employment
By Associated Press
For the third time in as many weeks, Senate Republicans on Wednesday successfully filibustered a bill to continue providing unemployment checks to millions of people who have been collecting benefits for more than six months.
But this time, the slimmed-down measure attracted two Republican votes, so its passage seems assured once a replacement fills the seat of Sen. Robert C. Byrd (D-W.Va.), who died Monday.
June 30, 2010 at 8:02 a.m.
Filed under:
Economy
By MarksJarvis on Money
Federal Reserve Bank of Chicago President Charles Evans just said in a CNBC interview that he doesn’t think the government should add new stimulus to the system now.
He said numerous approaches have been tried, including the $8,000 tax credit for people buying homes. Those measures moved economic activity forward, Evans said. And the benefit to the economy, he thinks, was to build confidence as observes saw activity pick up. But Evans conclusion about trying it again: “We already did it.”
