Did “Cash for Clunkers” Cost Taxpayers $24,000 Per Car Sold?
The federal $3 billion “Cash for Clunkers” program promoted by the Obama White House last summer cost an average of $24,000 per additional...
Economy
GDP Increases 3.5% in Third Quarter, Fueled by “Cash for Clunkers”
The U.S. economy grew at a better-than-expected 3.5 percent annualized rate in the third...
Did N.Y. Fed Engineer Sweetheart Deal for AIG Debt Holders?
A year after the onset of the greatest financial crisis since the Great Depression,...
Bernanke Urges More Regulation of Financial Sector
Fed Chairman Ben Bernanke is growing impatient. With the financial crisis continuing to drag...
Pay Czar to Slash Executive Compensation
Kenneth Feinberg, the Obama administration’s “pay czar,” is expected to announce a plan next...
No Social Security COLA in 2010
The government has announced that Social Security recipients will not receive a cost-of-living adjustment,...
Report: Secret Plot Against Dollar
A report published Tuesday by a British newspaper sent shockwaves across the world. The...
September Unemployment Hits 9.8 Percent
The national unemployment rate hit 9.8 percent in September, the highest it has been...
FDIC Wants Banks to Prepay Fees
The Federal Deposit Insurance Corporation proposed on September 29 that banks prepay $45 billion...
New Figures for GDP Decline and Job Losses
America’s gross domestic product declined in the second quarter of this year, and in...
Recession Delays, Cancels Retirement Plans
According to a survey conducted in the past two months by an organization known...
Proposal for This Week’s G-20 Summit: IMF as Global Financial Regulator
“The International Monetary Fund was the surprise winner at the last summit of the...
FDIC Seeks Help From Banks
The Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the...
Reverse Immigration Jeopardizes U.S. Economy
While the U.S. Border Patrol has its hands full trying to stop the flow...
Adobe Expands With Omniture Purchase
Adobe Systems Inc., the largest producer of graphic-design software in the world, has announced...
Poverty Rate Highest in 11 Years
According to statistics from the U.S. Census Bureau, the poverty rate is at an...
Cheap Chinese Tires Keep Rolling In
As inexpensive Chinese-made automobile tires keep rolling into the United States and U.S. tire...
Amid Criticism, Switzerland Overtakes US as Most Competitive Economy
Switzerland overtook the United States as the most competitive economy in the world, according...
Effect of Government Takeover of Home Mortgage Market
The Washington Post reported September 7 that the federal government is now guaranteeing 86...
Unemployment Continues to Climb
The U.S. Labor Department reported unemployment rose to 9.7 percent during the month of...