Unemployment Rate Rises to 9.6 Percent
The U.S. Bureau of Labor Statistics (BLS) reported that the unemployment rate in the United States increased to 9.6 percent during the month...
Economy
For Mortgage Help, Market Outperforms Government
“Surprise! Banks help more homeowners than Obama” is the headline of an August 30...
USA Today Restructures to Emphasize Web and Mobile Markets
In a major restructuring of its operations, USA Today, published by Gannet Co., Inc.,...
Egg Recalls Bring Statists Out of Their Shells
Government is the only institution whose power and budget grow when it fails. A...
Housing Bubble Refuses to Re-Inflate
Housing sales dropped by more than 25 percent nationwide in July, according to the...
Conjuring Magic To Cover States’ Debts: Fiscal Reality Sets In
The first warning about the possible bankruptcy of the town of Vallejo, California, was...
Finance Power Play
On Wednesday, July 21, President Obama triumphantly signed the latest plank in his bid...
And the Next Bailout Goes to … Government Employees
On August 10 President Barack Obama signed into law a $26 billion spending bill...
Fed Confirms Recovery Stalled
When the Federal Open Market Committee announced yesterday that “the pace of economic recovery...
After Losses, Freddie Mac Wants Another $1.8 Billion
On the heels of dismal second quarter results, mortgage finance giant Freddie Mac is...
Temporary Unemployment Benefits — Permanent Welfare?
The White House on July 21 extolled the extension of unemployment insurance by the...
Maine Eyes Social Security for Pension Bailout
Instead of asking for a federal bailout, Maine is considering shifting part of its...
Financial Reform Bill: Bureaucratic Absolutism
Czarist Russia is looking better and better. Once a byword for bureaucratic absolutism, the...
The Government and Goldman Sachs
On Thursday, October 24, 1907, Wall Street was in turmoil. Crowds of spectators gathered...
Facing Fiscal Meltdown, Municipalities Struggle With Pensions
Years of big spending by politicians at all levels have left the nation vulnerable...
The Millennial Generation, Jobs, and Reality
In a microcosm, Scott Nicholson, at age 24, represents his Millennial Generation well: He...
From China, With Love
Addison Wiggin asked his readers to imagine an older happily married couple, having their...
The Invisible Recovery
On Friday Reuters reported that non-government payrolls rose only slightly in June and overall...
Fannie and Freddie De-listed From NYSE: Now What?
When ABC News announced that Fannie Mae and Freddie Mac would be de-listed by...
Public Employees Unions Lose Friends
Public-employee labor unions have long been an unchecked tap upon the public treasury. Sometimes...