FT.com - US and Canada, Economy & Fedhttp://www.ft.com/world/us/economyhttp://www.ft.com/rss/world/us/economyFT.com - US and Canada, Economy & Feden© Copyright The Financial Times Ltd 2008. "FT" and "Financial Times" are trademarks of the Financial Times.support@ft.comThu, 3 Jul 2008 19:13 BSTSat, 05 Jul 2008 12:16:04 BSTNewspapers60http://news.ft.com/cms/d1f3ce1a-6bbe-11da-bb53-0000779e2340.gifFT.com - US and Canada, Economy & Fedhttp://www.ft.com/world/us/economy(PICS-1.1 "http://www.classify.org/safesurf/" L gen true for "http://www.ft.com/" r (SS~~000 1))US jobs fall for sixth straight monthhttp://www.ft.com/cms/s/0/8b786c00-4903-11dd-9a5f-000077b07658.htmlhttp://www.ft.com/cms/s/0/8b786c00-4903-11dd-9a5f-000077b07658.htmlThe US lost jobs in June for the sixth month in a row while jobless numbers remained at an elevated level, signalling an ongoing deterioration in the labour market and helping to push back thoughts of a hike in interest ratesThu, 3 Jul 2008 15:39 BSTWhat drives the race to the tophttp://www.ft.com/cms/s/0/0b8ac13a-490f-11dd-9a5f-000077b07658.htmlhttp://www.ft.com/cms/s/0/0b8ac13a-490f-11dd-9a5f-000077b07658.htmlA safer way of helping the poor would be through increases in taxes at all incomes or targeted cuts in spending, writes Samuel Brittan Thu, 3 Jul 2008 19:13 BSTSharp fall in US private sector jobshttp://www.ft.com/cms/s/0/485f2158-4849-11dd-a851-000077b07658.htmlhttp://www.ft.com/cms/s/0/485f2158-4849-11dd-a851-000077b07658.htmlThe US suffered the largest drop in employment in nearly six years in June in a sign of the deteriorating economic environment, says the monthly ADP surveyThu, 3 Jul 2008 01:46 BSTSEC urged to act against short-sellinghttp://www.ft.com/cms/s/0/27d66382-487c-11dd-a851-000077b07658.htmlhttp://www.ft.com/cms/s/0/27d66382-487c-11dd-a851-000077b07658.htmlMuch stronger action against abusive short-selling needs to taken by the Securities and Exchange Commission, Wachtell, Lipton, Rosen & Katz, a leading US law firm has urgedWed, 2 Jul 2008 22:41 BSTUS housing slump is likely to persisthttp://www.ft.com/cms/s/0/71859366-486f-11dd-a851-000077b07658.htmlhttp://www.ft.com/cms/s/0/71859366-486f-11dd-a851-000077b07658.htmlThe housing meltdown is likely to be extended and 'continues to pose a considerable downside risk to the US economy', the US Treasury secretary said in a speech in LondonWed, 2 Jul 2008 20:51 BSTStarbucks goes skinny as froth withershttp://www.ft.com/cms/s/0/da0f1cba-4863-11dd-a851-000077b07658.htmlhttp://www.ft.com/cms/s/0/da0f1cba-4863-11dd-a851-000077b07658.htmlWhen Starbucks announced plans this week to cut back its planned new stores and to close some 600 existing outlets, the world's largest coffee retailer bade farewell to the era of growth that has made Starbucks' green and white sign a symbol of urban AmericaWed, 2 Jul 2008 20:05 BSTPorts risk closure as talks draghttp://www.ft.com/cms/s/0/c41d782c-46e5-11dd-876a-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/c41d782c-46e5-11dd-876a-0000779fd2ac.htmlTalks were continuing to avert potentially massive disruption to US trade with Asia as a contract between dock workers on the US Pacific coast and their employers neared expiryMon, 30 Jun 2008 22:26 BSTBIS seeks higher world interest rateshttp://www.ft.com/cms/s/0/f6cd0278-46c3-11dd-876a-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/f6cd0278-46c3-11dd-876a-0000779fd2ac.htmlGlobal inflation is a 'clear and present threat' to a world economy that needs higher rates and a new framework to deal with credit and asset bubbles, the Bank for International Settlements saidMon, 30 Jun 2008 17:54 BSTTrade has saved America from recessionhttp://www.ft.com/cms/s/0/d87f2158-46a4-11dd-876a-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/d87f2158-46a4-11dd-876a-0000779fd2ac.htmlPresidential candidates must see the folly of backing away from global trade when it is providing critical gains for the US, writes Fred Bergsten Mon, 30 Jun 2008 17:51 BSTInflation worry limits Fed flexibilityhttp://www.ft.com/cms/s/0/a5a3c42c-4614-11dd-9009-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/a5a3c42c-4614-11dd-9009-0000779fd2ac.htmlThe past few days of trading have seen financial markets rocked by a realisation of just how fraught with dangers the US macroeconomic outlook still is – and the limitations on the power of the Federal Reserve to dispel themSun, 29 Jun 2008 21:12 BSTWhat we can do in this dangerous momenthttp://www.ft.com/cms/s/0/916e6012-45fa-11dd-9009-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/916e6012-45fa-11dd-9009-0000779fd2ac.htmlThe policy choices made in the next few months will matter to America's economic strength and to the global economy, says Lawrence Summers Sun, 29 Jun 2008 18:10 BSTInflation on rise in Europe and UShttp://www.ft.com/cms/s/0/9ec7bd44-4474-11dd-b151-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/9ec7bd44-4474-11dd-b151-0000779fd2ac.htmlThe world's two largest economic blocs were hit by signs of inflation and weakening consumer sentiment, adding to the dilemmas facing the Federal Reserve and European Central BankFri, 27 Jun 2008 19:30 BSTFed may ease rules on bank buy-outshttp://www.ft.com/cms/s/0/d697e2c6-43d4-11dd-842e-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/d697e2c6-43d4-11dd-842e-0000779fd2ac.htmlThe Federal Reserve is considering making it easier for private equity firms to take large stakes in banks, without being subject to existing restrictions and commitments, as part of efforts to encourage capital-raising in the troubled US financial systemFri, 27 Jun 2008 00:21 BSTUS commerce secretary upbeat on economyhttp://www.ft.com/cms/s/0/84b6d766-43b9-11dd-842e-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/84b6d766-43b9-11dd-842e-0000779fd2ac.htmlThe US economy emerged from the first quarter in better shape than the initial data suggested and remains on a positive growth trajectory, Carlos Gutierrez, commerce secretary, has told the Financial TimesThu, 26 Jun 2008 21:26 BSTHopes rise for US housing market http://www.ft.com/cms/s/0/1aa3ad90-43aa-11dd-842e-0000779fd2ac.htmlhttp://www.ft.com/cms/s/0/1aa3ad90-43aa-11dd-842e-0000779fd2ac.htmlOver the past several weeks, some data focused on home sales and house prices in the US have been encouraging to economists and policymakers, raising hopes that the first stage of a recovery may have begun.Thu, 26 Jun 2008 21:26 BST