Unemployment Rate Shoots Past 10 Percent
The unemployment rate shot from 9.8 percent in September to 10.2 percent in October, the highest it has been since 1983, the Labor...
Sectors
Ford Made Nearly $1 Billion Last Quarter
The Ford Motor Company has posted a net income of nearly $1 billion in...
Did “Cash for Clunkers” Cost Taxpayers $24,000 Per Car Sold?
The federal $3 billion “Cash for Clunkers” program promoted by the Obama White House...
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,...
Bernanke Urges More Regulation of Financial Sector
Fed Chairman Ben Bernanke is growing impatient. With the financial crisis continuing to drag...
Pay Czar to Slash Executive Compensation
Kenneth Feinberg, the Obama administration’s “pay czar,” is expected to announce a plan next...
No Social Security COLA in 2010
The government has announced that Social Security recipients will not receive a cost-of-living adjustment,...
September Unemployment Hits 9.8 Percent
The national unemployment rate hit 9.8 percent in September, the highest it has been...
FDIC Wants Banks to Prepay Fees
The Federal Deposit Insurance Corporation proposed on September 29 that banks prepay $45 billion...
New Figures for GDP Decline and Job Losses
America’s gross domestic product declined in the second quarter of this year, and in...
Recession Delays, Cancels Retirement Plans
According to a survey conducted in the past two months by an organization known...
FDIC Seeks Help From Banks
The Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the...
Adobe Expands With Omniture Purchase
Adobe Systems Inc., the largest producer of graphic-design software in the world, has announced...
Poverty Rate Highest in 11 Years
According to statistics from the U.S. Census Bureau, the poverty rate is at an...
Cheap Chinese Tires Keep Rolling In
As inexpensive Chinese-made automobile tires keep rolling into the United States and U.S. tire...
Effect of Government Takeover of Home Mortgage Market
The Washington Post reported September 7 that the federal government is now guaranteeing 86...
Unemployment Continues to Climb
The U.S. Labor Department reported unemployment rose to 9.7 percent during the month of...
FCC to Investigate Wireless Industry
The Federal Communications Commission is launching an investigation of the nation’s wireless industry to...
Fed Official Admits 16% Unemployment
The real number of unemployed in the United States is far more than the...
Cash-for-clunkers Sputters to a Close
Like one of the old jalopies it is supposed to remove from the road,...