First-quarter GDP Report Is Awful
The new report by the Bureau of Economic Analysis (BEA) was stark: The economy stalled in the first quarter in every sector, with...
Economics
The 99%: Why Are They Barely Treading Water?
VIDEO - Why are the 99% being left behind in the economy? Tom Eddlem investigates with his latest cover story for The New...
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Tax Freedom Day Falls Later, Americans Spend More on Taxes Than Food, Clothing, Housing
Tax Freedom Day — the first day of the year in which Americans as a whole have theoretically earned enough income to pay...
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Greece on the Verge of Default — Again
Greece is flirting once again with default and withdrawal from the eurozone — and this time, Greece's leaders may be serious. ...
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Using Phony Job and Export Claims to Push TPP Fast Track
The Peterson Institute has discredited itself repeatedly with promised benefits from NAFTA and other free trade agreements that failed spectacularly, but it is...
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Moody’s Downgrades Chicago Again
Reality and politics in the Windy City rarely collide in the same sentence, but that Chicago's fiscal problems are becoming too big to...
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San Francisco Bookstore Closing Due to Minimum Wage Hike
A small San Francisco bookstore is going out of business because it can't afford a minimum-wage increase approved by voters last year. ...
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New Illinois Governor Facing Torrent of Red Ink
Bruce Rauner, Illinois’ new Republican governor, was inaugurated on Monday and is facing a daunting task: a $4 billion backlog of unpaid bills...
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ISIS Expresses More Monetary Sanity Than Federal Reserve
The self-styled “Islamic State,” the terrorist group often referred to as ISIS or ISIL that was admittedly armed by the Obama administration and...
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Feds 2014 Jackson Hole Confab
VIDEO - Expect the European Central Bank to take a page from the Federal Reserve in the near future. Bill Jasper reports specifically...
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Robotic Pizza Delivery, Banking, and Now Over-the-road Trucking
Robots will soon be driving over-the-road trucks, bringing down costs and reducing crashes. ...
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Despite Stock Market Gains, Public Pension Plans Fall Further Behind
By ignoring basic investment rules, public pension managers have virtually guaranteed that these pension plans will not keep their promises. ...
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Latest Fed Confab: More Bank Bailouts, Pension Raids, Taxes, Inflation
The Federal Reserve’s annual Wyoming symposium has sent ominous signals that the world’s top central bankers will be unleashing global QE — and...
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Minnesota Café Adds “Minimum Wage” Fee to Customers’ Bills
After Minnesota raised its minimum wage, a café owner added a $.35 "minimum wage" fee to all customer orders to cover the added...
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Will Fed Pull Back After 2nd Quarter Economic Growth?
The announcement July 30 that the economy grew at a four-percent annual rate for the second quarter of 2014 has financial analysts wondering...
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