Articles Written by:    ANNYS SHIN     

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G-20 Leaders Reach Deals on Bankers' Pay, Energy Subsidies

The leaders have also reached a deal to phase out subsidies for fossil fuel consumption and production, a potentially important move that could significantly help reduce carbon emissions. They did not, however, come up with new financial commitments to ...

From ANNYS SHIN, The Washington Post,  25 Sep 2009
Related Topics: International Monetary Fund,  World Bank

For G-20 Summit, Old Issues Give Way to New

Having moved with unprecedented speed and coordination five months ago to head off what many feared might be another Great Depression, the leaders of the world's 20 largest economies are set to gather Thursday in Pittsburgh to discuss whether it is time ...

From ANNYS SHIN, The Washington Post,  23 Sep 2009
Related Topics: European Union,  United Nations,  International Monetary Fund,  Barack Obama,  Timothy F. Geithner

Americans Regain Some Wealth

The net worth of American households grew between April and July, the first quarterly gain in nearly two years, boosted largely by rising stock and home prices, the Federal Reserve said Thursday. This Story Americans Regain Some Wealth A Welcome Uptick ...

From ANNYS SHIN, The Washington Post,  18 Sep 2009
Related Topics: Federal Reserve,  Ben Bernanke

World Bank: Poor Face Long Recovery

Although economic data show the worst recession of the post-World War II era might have ended in the United States, and global trade has begun to pick up again, low-income countries are still reeling from the effects of a financial crisis created by ...

From ANNYS SHIN, The Washington Post,  16 Sep 2009
Related Topics: Robert Zoellick

The 'Buyer's Market': A Tale of Caution

As in, how was it selling your house during the worst recession in more than 20 years? The Question should not have been about how hard it was to sell but about how difficult it would be to buy. It was a buyer's market, just not for us. We jumped into ...

From ANNYS SHIN, The Washington Post,  11 Sep 2009

Perkier Economy Pushes Dollar Back Down the Slide

The decline of the dollar was temporarily reversed last year as the global economy found itself in the grip of the worst downturn since the Great Depression. Despite the nose-diving U.S. economy, nervous investors and central banks looked to greenbacks ...

From ANNYS SHIN, The Washington Post,  10 Sep 2009
Related Topics: Federal Reserve,  United Nations,  HSBC,  Wen Jiabao,  Congressional Budget Office

'Clunkers' Program Lifts Consumer Spending, but Family Incomes Still Stagnant

Consumer spending drives much of the economy, and the new data suggested people are willing to spend if given the right incentives. Personal consumption expenditures, adjusted for inflation, rose 0.2 percent in July, roughly in line with analysts' ...

From ANNYS SHIN, The Washington Post,  29 Aug 2009
Related Topics: White House,  Dow Jones

Consumer Spending Edges Up in July, But Sentiment Sinks

Personal consumption expenditures, adjusted for inflation, rose 0.2 percent, roughly in line with analysts' expectations. Purchases of motor vehicles and parts more than accounted for the increase in July and accounted for most of the increase in June, ...

From ANNYS SHIN, The Washington Post,  28 Aug 2009

Consumer Spending Edges Up in July, Incomes Flat

Steve Costa of Barnstead, N.H., second from left, interviews for a job at GT Solar, during a job fair at New Hampshire Motor Speedway, host to NASCAR races in Loudon, N.H., Thursday, Aug. 27, 2009.(AP Photo/Jim Cole) (Jim Cole - AP) Chart shows the ...

From ANNYS SHIN, The Washington Post,  28 Aug 2009
Related Topics: NASCAR

GDP Declines 1 Percent in 2Q, Better Than Expected

Aaron Cain, center, gives resume-building advice to job seekers at a job fair in San Francisco, Thursday, Aug. 20, 2009. The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain ...

From NEIL IRWIN AND ANNYS SHIN, The Washington Post,  27 Aug 2009

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