Business News - Economy - The New York Times

November 3, 2010 3:25 PM ET

What We're Reading: Cheap Taxis

Links from around the Web.

November 3, 2010 1:28 PM ET

Will Additional Fed Action Help the Economy?

A roundup of opinions about whether further expansion of the Federal Reserve's balance sheet will do much to affect the broader economy.

November 3, 2010 11:29 AM ET

On Taxes, Voting for Status Quo

Ballot initiatives to raise new taxes failed, but so did some initiatives to repeal existing ones.

November 3, 2010 6:00 AM ET

The Failure of Mortgage Modification

A government program to reduce the mortgage burden on homeowners has been a fiasco, an economist writes.

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Road Ahead Turns Right

By DAVID M. HERSZENHORN 15 minutes ago

The Republican Party, emboldened by election victories, is strongly expressing its intention to revisit issues like health care reform, financial regulation and tax cuts.

Fed to Spend $600 Billion to Speed Up Recovery

By DAVID E. SANGER and SEWELL CHAN 3 minutes ago

The Fed's move is an effort to nurture a fragile recovery ahead of battles that will dominate politics over the next two years.

Stocks & Bonds

Wall Street Closes Higher at the End

By GRAHAM BOWLEY and CHRISTINE HAUSER 54 minutes ago

News that the Federal Reserve was making another attempt to revive the American economy drowned out everything else on Wednesday.

Orders to U.S. Factories Rose 2.1% in September

Shift in Washington Stirs Economic Jitters Abroad

By LIZ ALDERMAN 54 minutes ago

If Bush-era income tax cuts are extended and the deficit grows, the dollar could be further weakened -- a prospect that worries U.S. allies and trading partners.

Portugal's Borrowing Costs Rise

By RAPHAEL MINDER 4:35 PM ET

The country's latest bond auction highlighted concerns among investors about a German-led push to get them to bear some of the cost of any future bailout of countries that share the euro.

Economic Scene

Fed's More Aggressive Move May Not Go Far Enough

By DAVID LEONHARDT 41 minutes ago

The Federal Reserve's bond-buying plan carries risks, including the possibility of inflation. But as the months go by, the effects of its nonaction have proved to be the problem.

Times Topics: Quantitative Easing

How the Fed's Move Could Trickle Down to Consumers

By SEWELL CHAN 41 minutes ago

The Fed announced Wednesday that it intended to buy $600 billion in Treasuries, hoping to put money in the hands of businesses and consumers. But doing so involves some creativity.

Economic Scene

5 Options for Congress to Cut Taxes

By DAVID LEONHARDT

Five compromises worth considering as Congress debates the Bush tax cuts, which expire on Dec. 31.

Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth

By SEWELL CHAN and DAVID E. SANGER 4:19 PM ET

The Fed's decision was an effort to spur economic growth by lowering long-term interest rates.

Cotton Clothing Price Tags to Rise

By STEPHANIE CLIFFORD

Chinese and American demand is up, but the crop was hurt by flooding in Pakistan and bad weather in China and India.

Columns

Economic Scene

Fed's More Aggressive Move May Not Go Far Enough

By DAVID LEONHARDT 41 minutes ago

The Federal Reserve's bond-buying plan carries risks, including the possibility of inflation. But as the months go by, the effects of its nonaction have proved to be the problem.