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,...
Sectors
Unemployment Rate Rises to 9.6 Percent
The U.S. Bureau of Labor Statistics (BLS) reported that the unemployment rate in the...
For Mortgage Help, Market Outperforms Government
“Surprise! Banks help more homeowners than Obama” is the headline of an August 30...
USA Today Restructures to Emphasize Web and Mobile Markets
In a major restructuring of its operations, USA Today, published by Gannet Co., Inc.,...
Egg Recalls Bring Statists Out of Their Shells
Government is the only institution whose power and budget grow when it fails. A...
Conjuring Magic To Cover States’ Debts: Fiscal Reality Sets In
The first warning about the possible bankruptcy of the town of Vallejo, California, was...
Finance Power Play
On Wednesday, July 21, President Obama triumphantly signed the latest plank in his bid...
And the Next Bailout Goes to … Government Employees
On August 10 President Barack Obama signed into law a $26 billion spending bill...
After Losses, Freddie Mac Wants Another $1.8 Billion
On the heels of dismal second quarter results, mortgage finance giant Freddie Mac is...
Temporary Unemployment Benefits — Permanent Welfare?
The White House on July 21 extolled the extension of unemployment insurance by the...
Maine Eyes Social Security for Pension Bailout
Instead of asking for a federal bailout, Maine is considering shifting part of its...
Financial Reform Bill: Bureaucratic Absolutism
Czarist Russia is looking better and better. Once a byword for bureaucratic absolutism, the...
The Government and Goldman Sachs
On Thursday, October 24, 1907, Wall Street was in turmoil. Crowds of spectators gathered...
Facing Fiscal Meltdown, Municipalities Struggle With Pensions
Years of big spending by politicians at all levels have left the nation vulnerable...
The Millennial Generation, Jobs, and Reality
In a microcosm, Scott Nicholson, at age 24, represents his Millennial Generation well: He...
Public Employees Unions Lose Friends
Public-employee labor unions have long been an unchecked tap upon the public treasury. Sometimes...
Oil Drilling Ban Hits Gulf Coast Hard
The Gulf oil spill has caused serious economic problems. Fisherman and those in the...
Little Improvement in U.S. Employment in May
The U.S. Bureau of Labor Statistics just released its employment figures for the month...
78 Bank Closings in 2010 — And Counting
Bank closures throughout the United States continue to be telling of the state of...
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Financial Reform Bill in a Nutshell
The Senate Thursday night passed its long-awaited financial reform bill, another critical plank in...