Stimulus Watch

Barack Obama’s stimulus package was supposed to save and create American jobs. But nearly six months after President Obama signed the $787 billion American Recovery and Reinvestment Act into law most of the economic news remains grim. According to the Labor Department, the unemployment rate shot up to 9.5 percent in June with 467,000 jobs lost – the worst numbers in 26 years.

So what’s happening? How come the infusion of hundreds of billions of dollars of public investment are failing to jump start our economy?

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Stimulus

Stimulus Math: Following the Money Isn’t Easy

La Opinión, News Report, Yolanda Arenales, Translated by Elena Shore, Aug 29, 2009

California has received more stimulus money than any other state. But experts say following the money trail is more than a question of arithmetic.

One San Francisco Small Business Snags Federal Stimulus Money

New America Media, News Report , Erik Fowle, Aug 29, 2009

The American Recovery and Reinvestment Act (ARRA) was supposed to be a life-line to small and minority-owned businesses, but only a small number have been able to secure contracts . NAM profiles the only Hispanic-owned business in San Francisco to receive a federal stimulus contract. Traducción al español

dollars

Track How Stimulus Dollars Are Spent, Ethnic Media Told

New America Media, News Report , Eunji Jang, Aug 25, 2009

Several communities, contractors and social service agencies received dollars as part of the federal Recovery Act to stimulate the economy and create jobs. Ethnic media should play the role of watchdogs to make sure the money was being used for what it was intended.

Stimulus Leaves Bus Riders Out in the Cold

New America Media, Commentary, Aaron Glantz, Aug 24, 2009

The Cash for Clunkers program, which ends today, provided rebates to drivers who turned in their SUVs for fuel-efficient vehicles. But there is little in the stimulus for the millions of Americans who use public transportation. They are paying record fares at a time when they can least afford it.

Stimulus

Much-Promoted Stimulus Package Disappoints Many

New America Media, News Report//Video, Aaron Glantz//Video: Aaron Glantz and Rupa Dev, Aug 20, 2009

Six months after Pres. Obama signed the America Recovery and Reinvestment Act, the nation’s unemployment rate has continued to climb and many feel the stimulus bill is not working. Others see it working fine, if only to stop a spiral downward.

New America Media Stimulus Watch Fellowships for Ethnic Media Journalists

New America Media, Fellowship Application, Aaron Glantz, Stimulus Editor, Aug 10, 2009

New America Media is calling for applications from ethnic media reporters and freelance journalists for its 2009 Open Society Institute Stimulus Watch Fellowship.The fellows will research a story or a series of their design, documenting and explaining the impact of the American Recovery and Reinvestment Act (ARRA) on the ethnic community served by their publication.

Ethnic Media Urged to Monitor Stimulus Money, Spending

New America Media, News Report , Vivian Po, Photos by Mona Koh, Aug 08, 2009

Bay Area ethnic media should monitor stimulus dollars on behalf of their communities and make sure the money is spent to revive their local economies, said experts.

Cash For Clunkers A Huge Hit, Locally

Black Voice News.com, News Report , Jul 30, 2009

Car dealerships in the Inland Empire are getting old cars in droves right along with their nationwide counterparts after President Barack Obama signed into law a bill that allows car dealerships to give up to $4,500 credit for the purchase of a new car in exchange for an older car that qualifies.

Stimulus Czar Talking Big Bucks, But No Specifics

Navajo Times, News Report , Bill Donovan, Jul 30, 2009

Efforts by the Navajo Nation to take advantage of federal stimulus dollars are going well, tribal officials said this week. However, they still have not released specific information about what projects will be built using money allocated under the American Recovery and Reinvestment Act.

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