Economy - The New American

BLS Reports One in Five Families Has No One Working

The Bureau of Labor Statistics reported that 20 percent of American families have no working members — adding to the already disturbing news...

Bob Adelmann April 29, 2014

Tesla Sales Model Upsetting Traditional Auto Dealers

Bob Adelmann March 24, 2014

Tesla Motors' business model of selling its electric vehicles directly to consumers is being opposed by auto dealerships. ...

ARMs Are Costing People Their Homes

Bob Adelmann March 21, 2014

Dangerous but tempting, Adjustable Rate Mortgages are now costing people like Rebecca Black their homes. ...

Obama Tax Scheme Could Destabilize Banks, Spark Economic Crisis

Alex Newman March 18, 2014

A crucial component of the widely criticized new addition to the U.S. tax regime known as FATCA, passed by Democrats and signed by...

SOPA: Dead in Congress, Alive in Trans-Pacific Partnership

Joe Wolverton, II, J.D. March 17, 2014

Although SOPA (the Stop Online Piracy Act, which pushed for federal control over the Internet) died in Congress, it is alive and well...

Vallejo, California, Likely Headed for Second Bankruptcy

Bob Adelmann March 17, 2014

Vallejo, California, is on the verge of its second bankruptcy, primarily because of its unwillingness to negotiate its pension plans' terms. ...

Obama Exploiting Ukraine to Empower IMF and Dictatorships

Alex Newman March 11, 2014

The globalist establishment, Russian authorities, and the Obama administration are pushing hard for a series of controversial “reforms” aimed at massively expanding the...

Ben Bernanke Richly Rewarded for Speech at Abu Dhabi Conference

William F. Jasper March 5, 2014

Former Fed chief paid “at least $250,000” for 40-minute speech; media shills say he's worth it — and more. ...

TPP Negotiations Stalled by Significant Gaps

Joe Wolverton, II, J.D. March 2, 2014

After the latest round of negotiations failed to produce an agreement, the Trans-Pacific Partnership (TPP) is stalled. ...

Minimum Wage Hike Could Cost One Million Jobs, CBO Reports

Jack Kenny February 19, 2014

The president's plan to raise the federal minimum wage from $7.25 to $10.10 an hour would cause the loss of half a million...

Globalists Unveil Socialist-backed New World Tax Regime

Alex Newman February 17, 2014

As various tax-funded international institutions explicitly outline plans to plunder humanity’s wealth to prop up governments drowning in odious debts, the Organization for...

Bank Bailouts Without End

William F. Jasper February 14, 2014

In 2008, many banks were deemed “too big to fail,” and government (taxpayers) bailed them out. Since then, bankers and bureaucrats have insisted...

Latest Keystone Pipeline Study Greeted with Cheers, Protests

Bob Adelmann February 3, 2014

After the release of the latest Keystone XL pipeline report, people on both sides of the issue were quick to praise or criticize...

Is China’s $23 Trillion Credit Bubble Ready to Pop?

William F. Jasper January 31, 2014

Is the “mother of all bubbles” about to implode? Many analysts have been predicting that China could have its “Lehman Brothers moment” today,...

Japan Puts the Brakes on Trans-Pacific Partnership Participation

Joe Wolverton, II, J.D. January 24, 2014

Japanese media reports that the country's trade representatives are demanding certain concessions on tariffs before joining the Trans-Pacific Partnership (TPP). ...