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...
Economy
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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Amid Criticism, Switzerland Overtakes US as Most Competitive Economy
Switzerland overtook the United States as the most competitive economy in the world, according to the global competitiveness index released this week by...
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Effect of Government Takeover of Home Mortgage Market
The Washington Post reported September 7 that the federal government is now guaranteeing 86 percent of all new home mortgages, as default...
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Unemployment Continues to Climb
The U.S. Labor Department reported unemployment rose to 9.7 percent during the month of August from 9.4 percent, the highest unemployment rate in...
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FCC to Investigate Wireless Industry
The Federal Communications Commission is launching an investigation of the nation’s wireless industry to root out any anti-competitive practices and to decide what...
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Fed Official Admits 16% Unemployment
The real number of unemployed in the United States is far more than the federal government’s official count and the recovery could be...
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Cash-for-clunkers Sputters to a Close
Like one of the old jalopies it is supposed to remove from the road, the $3-billion cash-for-clunkers program sputtered to a close on...
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Stimulus Grants for Batteries and Green Cars
Last week, the Obama administration revealed the 48 recipients of $2.4 billion in federal grant money supposedly designed to stimulate domestic production of...
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More Unemployed, Yet Unemployment Rate Drops
Unemployment numbers ticked upward during July at a much slower pace than past months, leading many establishment forecasters to conclude that an economic...
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Economy Shrinks Q2, Recession Worse Than Thought
Though data shows that the U.S. economy only shrank at a one-percent annual rate during the second quarter of the 2009 calendar year,...
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First-time Unemployment Claims Up
First-time unemployment claims continue to increase at a faster pace than expected. “The Labor Department said the number of claims in the week...
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Another Minimum Wage Hike: But Will It Help?
In another example of turning lemonade into lemons in economically troubled times, the federal minimum wage increased yesterday from $6.55 an hour to...
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