IMF Outlook for Global Economy Gloomy
There is little growth on the horizon for the global economy, and a significant likelihood of further trouble, believes the International Monetary Fund....
Economy
Corn Syrup Makers Seek Name Change for Sweetener
With high-fructose corn syrup suffering from years of bad press, and consumption of the popular sweetener falling to a 20-year low over concerns...
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Debate Over Government Pension Plans Heats Up
After losing billions during the economic crisis, bloated benefits of state and local government-employee pension plans across America have been thrust into the...
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Recession is Over?
With a straight face, the National Bureau of Economic Research (NBER) announced that the Great Recession ended last June. June of 2009, that...
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Secret Billionaire Luncheon Produces Dire Predictions
Bilderbergers, look out, here comes another super secret meeting of billionaires predicting the future of the world’s economy. ...
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Arthur Sulzberger Contemplates the Future of the New York Times
The New York Times will stop publishing its print edition sometime in the future. That's the word from Arthur Sulzberger, publisher of the...
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Shock Therapy for the Housing Market
The Obama administration, writes the New York Times, has done just about everything in its power to prop up the sagging housing market,...
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Bernanke Whitewashes Fed Responsibility for “Great Recession”
Federal Reserve Board Chairman Ben Bernanke largely whitewashed Federal Reserve responsibility for the housing bubble and resultant economic recession in testimony before the...
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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...
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For Mortgage Help, Market Outperforms Government
“Surprise! Banks help more homeowners than Obama” is the headline of an August 30 CNN Money report. ...
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USA Today Restructures to Emphasize Web and Mobile Markets
In a major restructuring of its operations, USA Today, published by Gannet Co., Inc., has announced that it will lay off 130 employees...
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Egg Recalls Bring Statists Out of Their Shells
Government is the only institution whose power and budget grow when it fails. A crisis, real or perceived, is considered an “opportunity” for...
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Housing Bubble Refuses to Re-Inflate
Housing sales dropped by more than 25 percent nationwide in July, according to the National Association of Realtors, after a federal tax credit...
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Conjuring Magic To Cover States’ Debts: Fiscal Reality Sets In
The first warning about the possible bankruptcy of the town of Vallejo, California, was reported by the Associated Press on February 28, 2008,...
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Finance Power Play
On Wednesday, July 21, President Obama triumphantly signed the latest plank in his bid to outdo Franklin Delano Roosevelt’s Depression-era radical expansion of...
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