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, details continue to emerge of the sordid secret deals...
Economy
Bernanke Urges More Regulation of Financial Sector
Fed Chairman Ben Bernanke is growing impatient. With the financial crisis continuing to drag on, Bernanke appeared again before Congress yesterday to urge...
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Pay Czar to Slash Executive Compensation
Kenneth Feinberg, the Obama administration’s “pay czar,” is expected to announce a plan next week that will slash the annual salaries of top...
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No Social Security COLA in 2010
The government has announced that Social Security recipients will not receive a cost-of-living adjustment, or COLA, in 2010. This is because the COLA...
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Report: Secret Plot Against Dollar
A report published Tuesday by a British newspaper sent shockwaves across the world. The Independent story, entitled "The demise of the dollar," claimed...
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September Unemployment Hits 9.8 Percent
The national unemployment rate hit 9.8 percent in September, the highest it has been since June 1983. A total of 15.1 million Americans...
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FDIC Wants Banks to Prepay Fees
The Federal Deposit Insurance Corporation proposed on September 29 that banks prepay $45 billion in insurance premiums to help the FDIC avoid running...
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New Figures for GDP Decline and Job Losses
America’s gross domestic product declined in the second quarter of this year, and in September the economy continued to lose jobs. Yet because...
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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 Group of 20 leaders, which agreed to quadruple the...
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Recession Delays, Cancels Retirement Plans
According to a survey conducted in the past two months by an organization known as Experience Works, the current recession is hitting seniors...
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Reverse Immigration Jeopardizes U.S. Economy
While the U.S. Border Patrol has its hands full trying to stop the flow of illegal aliens into our country, a Duke University...
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FDIC Seeks Help From Banks
The Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the very banks it is supposed to be insuring against...
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Adobe Expands With Omniture Purchase
Adobe Systems Inc., the largest producer of graphic-design software in the world, has announced a deal to purchase Omniture Inc. for $1.8 billion....
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Poverty Rate Highest in 11 Years
According to statistics from the U.S. Census Bureau, the poverty rate is at an 11-year high while household incomes are at a 10-year...
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Cheap Chinese Tires Keep Rolling In
As inexpensive Chinese-made automobile tires keep rolling into the United States and U.S. tire manufacturers struggle to stay in business, President Obama will...
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