The World is Waiting for Fed Chairman Bernanke at Jackson Hole
Federal Reserve Chairman Ben Bernanke is expected to give his annual Jackson Hole speech on August 31 while the world waits in anticipation. They...
Markets
Top Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold
In what analysts say is another indication that the economy will get worse in the not-too-distant future, recent filings by billionaire financier George...
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Gas Prices Moving to All-Time High
The prices that Americans pay for gas at the pump may reach an all-time high this summer. The average price is $3.70 per gallon, which is...
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Drought Recharges Ethanol Debate
The current drought afflicting the country is driving up the price of corn and reviving the debate over ethanol mandates that redirect corn...
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More Help for Farmers from Obama and the USDA
President Obama made sure that Iowa farmers knew that he was “there for them” during a campaign stop in Council Bluffs, Iowa, on...
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China’s Economy Is Continuing to Slow
The latest numbers from China on its gross domestic product, factory output and electricity usage all show a bubble bursting. Kevin Yao, writing from...
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Rising Foreclosures Show Weak Economy
Foreclosures of homes are increasing, July economic reports reveal. Homes are the most important asset that ordinary Americans possess, and the value of...
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The LIBOR Scandal: Just the Tip of the Iceberg
The fines imposed on Barclays Bank by the British Financial Services Authority represent just the beginning of the exposure of the international banking...
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IMF Scandal Brews as Official Slams Incompetence, Suppression of Information
The International Monetary Fund (IMF) is attracting renewed scrutiny after an outraged senior official resigned last month, saying he was “ashamed” to even...
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Monsanto Promises Pain to EU, Assault Underway
Biotech companies such as Monsanto, with help from the U.S. government, are starting to overcome the EU's resistance to Genetically Modified crops. However,...
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Economy Tipping Over Into Recession, Again
When shipping and supply managers were quizzed about their current outlooks by two separate reporting agencies, their answers were the same: Orders are...
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Harvard Senior Fellow: Peak Oil Is History
International energy economist Leonardo Maugeri says that technology and new discoveries will increase crude oil production in the United States by 50 percent...
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JP Morgan Trading Loss Balloons to $9 Billion
When the New York Times reported that the losses resulting from the failed trade made by JP Morgan Chase (JPM) earlier this year...
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More Banks — 11 in Brazil — Face Credit Downgrades
Moody’s downgraded the credit ratings of 11 Brazilian banks on June 27. Some banks had reductions of a single level, but some went down three levels. This...
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Is General Motors Now China Motors?
General Motors' CEO Dan Akerson supports increasingly closer ties with the Chinese tyrants, explaining that it's good for business. "By Bob Adelmann" ...
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