Economy
Stimulus Funding Failed to Create Jobs
The Associated Press has conducted an economic analysis to determine the effect of the first 10 months of federal stimulus spending to build...
GMAC Will Get More Bailout Money
GMAC Financial Services, the former financial arm of General Motors, is set to receive yet more federal bailout funds as the year draws...
Read moreFannie Mae and Freddie Mac Now Have a Blank Check
Little noticed (so far) by the American public, a Christmas Eve announcement by the Obama administration to expand the amount of bailout monies...
Read moreAirlines Face Hefty Fine for Delays
Transportation Secretary Ray LaHood announced on December 21 that beginning this spring the federal government is going to impose hefty fines on airlines...
Read moreFord Offers to Buy Out U.S. Auto Workers
Ford Motor Company disclosed on December 21 that it is offering to buy out 41,000 United Auto Workers (UAW) union members with early...
Read moreFed to Keep Rates Low for “Extended Period”
The Federal Reserve decided on December 16 to keep interest rates at historic lows near zero percent. The Fed released a statement declaring...
Read moreJobless Claims Rise, Trade Gap Narrows
New claims for unemployment benefits rose more than analysts expected last week, while an unexpected narrowing in the trade gap in October provided...
Read moreBuck Knives Bucks Trends
“The Buck knife saved my leg and maybe my life at least once when I carelessly caught a pant leg in the anchor...
Read moreRon Paul Calls for Competition in Money
Many years ago, John D. Rockefeller, Sr. famously stated, “Competition is a sin.” He preferred a monopoly, the very antithesis of economic freedom,...
Read moreBernanke Claims Economy Is Recovering
Federal Reserve Chairman Ben Bernanke told the Economic Club of Washington that the economy is recovering, even as it confronts “formidable headwinds.” ...
Read moreRosenberg Sees China Causing Gold to Hit $2,600
Gold has recently topped the $1,200 per ounce mark, but analyst David Rosenberg sees it going as high as $2,623 per ounce in...
Read moreGold Hits New Record High, Skirts $1,200/oz.
The weakening dollar propelled gold prices in American markets almost to $1,200 an ounce Tuesday morning, Reuters reported. U.S. gold futures for February...
Read moreGDP Numbers Revised Downward to 2.8 percent for Third Quarter
The U.S. economy grew slower in the third quarter of the year than initially forecast according to the U.S. Bureau of Economic Analysis...
Read moreRon Paul’s Audit the Fed Bill Advances
On November 19, the House Financial Services Committee advanced a bill that calls for the General Accounting Office to conduct a comprehensive audit...
Read moreMillions of Taxpayers Will Repay Tax Break
Thanks to how the Internal Revenue Service implemented President Barack Obama’s tax break last spring, more than 15 million taxpayers may owe the...
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