Economy

Americans $2.4 Trillion Poorer After Q3 — It May Get Worse

Americans are quickly getting poorer as the much-touted economic “recovery” remains elusive. Household wealth plummeted by more than four percent from July to...

Alex Newman December 11, 2011

Two-tier Wage Pacts Bringing Jobs Back to Detroit

Bob Adelmann December 6, 2011

Last week’s announcement that the auto industry could add as many as 167,000 jobs by 2015 merely confirmed what some economists were saying:...

Coercing Cash for Commercials from Commodity Cultivators

Michael Tennant December 6, 2011

If you’ve seen “Little Blue Dynamos” ads urging you to consume blueberries, you probably assumed they were simply the result of blueberry producers...

McDonald’s Finds McEasy Way to Evade San Francisco Happy Meal Ban

Michael Tennant December 1, 2011

Here’s a story that’ll tickle your McRibs. On December 1 a law seemingly banning McDonald’s Happy Meals went into effect in San Francisco....

Fed, National Banks Decide on More Global Inflation

Thomas R. Eddlem December 1, 2011

The Federal Reserve Bank and five other central banks across the world cut the "temporary U.S. dollar liquidity swap arrangements" rate for central...

U.S. Fed Bailout of Euro Prompts New Push for Audit & Sound Money

Alex Newman December 1, 2011

As central banks around the world unleashed a coordinated deluge of new money to deal with the economic crisis swamping Europe, critics expressed...

Black Friday Sales: $52.4B; Shoppers Reject Occupiers’ Demand

R. Cort Kirkwood November 30, 2011

Despite the best efforts of the Occupy Wall Street protesters to sabotage Black Friday Christmas shopping, the National Retail Federation reported that shoppers...

No Hiring Until Obama Leaves Office, Says Georgia Businessman

Michael Tennant November 30, 2011

“New Company Policy: We Are Not Hiring Until Obama Is Gone.” Those words are plastered across every truck owned by U.S. Cranes LLC...

Another Secret Federal Reserve Bailout, $7.7 Trillion This Time

Thomas R. Eddlem November 29, 2011

The Federal Reserve Bank committed some $7.77 trillion in funds to major Wall Street banks during the height of the 2008 financial crisis,...

Ohio Valley Residents Band Together to Overcome Economic Woes

Raven Clabough November 24, 2011

With the nation still deeply in debt and Americans struggling to make ends meet, residents in an Ohio valley are proving to the...

Gadhafi’s Gold-money Plan Would Have Devastated Dollar

Alex Newman November 11, 2011

It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for...

The October Jobs Report: Precious Little Good News

Bob Adelmann November 4, 2011

There was precious little good news in the latest employment report from the Bureau of Labor Statistics (BLS) for October. Employment rose by...

Big Banks Shift Their Derivatives Exposure Onto U.S. Taxpayers

Bob Adelmann October 26, 2011

When Bank of America announced that it was moving its derivatives-laden portfolio at its subsidiary Merrill Lynch over to its bank holding company,...