Economy
Black Friday Sales: $52.4B; Shoppers Reject Occupiers’ Demand
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
“New Company Policy: We Are Not Hiring Until Obama Is Gone.” Those words are plastered across every truck owned by U.S. Cranes LLC...
Read moreAnother Secret Federal Reserve Bailout, $7.7 Trillion This Time
The Federal Reserve Bank committed some $7.77 trillion in funds to major Wall Street banks during the height of the 2008 financial crisis,...
Read moreOhio Valley Residents Band Together to Overcome Economic Woes
With the nation still deeply in debt and Americans struggling to make ends meet, residents in an Ohio valley are proving to the...
Read moreGadhafi’s Gold-money Plan Would Have Devastated Dollar
It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for...
Read moreThe October Jobs Report: Precious Little Good News
There was precious little good news in the latest employment report from the Bureau of Labor Statistics (BLS) for October. Employment rose by...
Read moreBig Banks Shift Their Derivatives Exposure Onto U.S. Taxpayers
When Bank of America announced that it was moving its derivatives-laden portfolio at its subsidiary Merrill Lynch over to its bank holding company,...
Read moreCitigroup Settles With SEC Over Fraud Allegations
Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the...
Read moreAnother U.S. Credit Rating Downgrade Expected
Back in August, when Standard & Poor's downgraded the U.S. credit rating for the first time in history, from AAA to AA+, the...
Read moreWhat Budget Cuts?
With all the talk of budget cuts in Washington, the average American could be forgiven for thinking that federal spending is, in fact,...
Read moreUnemployment Rate Unchanged, 103K Jobs Added
The U.S. economy added 103,000 new jobs in September with the unemployment rate holding steady at 9.1 percent, the U.S. Bureau of Labor...
Read moreBernanke’s Economic Cure: More Deficit Spending, Re-Inflate Housing Bubble
Federal Reserve Open Market Committee Chairman Ben Bernanke's told the congressional Joint Economic Committee of Congress October 4 that he has the remedy...
Read moreHome Sales Drop to Two-Year Low
Americans have invested in homes in many ways for a long time. During the frontier days of the West, families would homestead property...
Read moreInternet News Hits New Height of Popularity
For the so-called “old media,” it was the best of times, it was the worst of times. Last week the Pew Research Center...
Read moreObama’s Automobile Standards Could Drive Industry Over a Cliff
The Obama administration is proposing new automobile regulations, including a doubling of fuel economy requirements, that will make cars more expensive and less...
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