Economics
Fed Wages PR Battle for Power, Secrecy | Print |  E-mail
Written by Alex Newman   
Friday, 12 March 2010 14:14

After hiring lobbyists last year to protect its interests amidst increasing public and congressional scrutiny, the Federal Reserve banking cartel is stepping up the fight to keep and possibly expand its regulatory regime while maintaining its secrecy. This month, regional Federal Reserve Bank chiefs publicly pushed the issues in what the New York Times described as a “public relations offensive.” 

 
IMF Seeks New Mandate, Global Currency | Print |  E-mail
Written by Alex Newman   
Tuesday, 02 March 2010 16:00

International Monetary Fund head Dominique Strauss-Kahn made a series of headline-grabbing statements late last week, calling for new supervisory authority over world financial markets and even the exploration of a new global reserve currency.

 
CIT Founders and Taxpayers Foot the Bill | Print |  E-mail
Written by Charles Scaliger   
Thursday, 11 February 2010 16:00

It’s official: the U.S. taxpayer is now on the hook for $2.33 billion in TARP funds given to CIT Group back in December of 2008.

 
Geithner: No Double Dip | Print |  E-mail
Written by Bob Adelmann   
Wednesday, 10 February 2010 09:01

When he appeared on ABC News's This Week on February 7, U.S. Treasury Secretary Timothy Geithner was quizzed about the risk of the United States losing its triple-A credit rating, the chances that foreign investors might start shunning US debt, and whether the economy would suffer a double dip recession.  

 
Latest on the Economy: Heading Up, or Head Fake? | Print |  E-mail
Written by Bob Adelmann   
Monday, 01 February 2010 10:00

When the Bureau of Economic Analysis announced that “the output of goods and services…increased at an annual rate of 5.7 percent in the fourth quarter of 2009,” the usual suspects in the kept media could hardly restrain themselves. ABC News’ headline trumpeted, “Economy Grows…Fastest Since 2003” which was “fueled by companies boosting output to keep stockpiles up.”  Their announcement explained that “Growth exceeded expectations mainly because business spending on equipment and software jumped much more than [was] forecast.” 

 
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