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...
Economy
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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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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