Economy - The New American

Global Government Debt Crisis Emerging

A sugar-coated analysis of the global economy released by the International Monetary Fund April 17 nevertheless contains dire warnings about a world in...

Thomas R. Eddlem April 18, 2012

Canada Moves Closer to Cashless Society With Digital MintChip Currency

Alex Newman April 16, 2012

As free market-based digital currencies like Bitcoin and e-gold continue to gain traction around the world, the government of Canada responded with the “MintChip,”...

Solar Firm That Turned Down Gov’t Loan Fails — But Are Taxpayers Really Off the Hook?

Michael Tennant April 4, 2012

Solar Trust of America, an energy firm based in Oakland, California, declared bankruptcy on April 2, fewer than 10 months after breaking ground...

HUD Grant Program Awards Millions of Dollars to Leftist Groups

Brian Koenig March 20, 2012

The Housing and Urban Development Department (HUD) is doling out $42 million in federal funding for housing counseling grants to 468 local, regional,...

Goldman Sachs Reeling from Employee Charges, CFTC Fine

Thomas R. Eddlem March 16, 2012

Goldman Sachs Corporation is facing a new wave of charges of not looking out for the interests of its clients this week, as...

Taking Stock of Obama’s Dividend Tax Hike Proposal

Michael Tennant February 23, 2012

In his 2013 budget proposal, President Barack Obama is asking for what amounts to a tripling of the corporate dividends tax rate for...

Indian Tribes Hop Aboard Obama’s “Clean Energy” Gravy Train

Michael Tennant February 21, 2012

As part of its Tribal Energy Program, the U.S. Department of Energy is providing $6.5 million to various American Indian tribes for “clean...

Proposed Fuel Standards Could Hurt Car Makers

Raven Clabough February 16, 2012

The Obama administration continues to set unfavorable conditions for businesses to prosper, this time through overbearing new fuel standards that auto dealers fear...

Foreclosure Settlement Bails Out the Big Banks

Bob Adelmann February 13, 2012

The report from The New York Times on Wednesday about the foreclosure settlement reached between five big banks and 49 states’ attorneys general...

I Scream, You Scream: San Francisco Red Tape Nearly Strangles Small Businesses

Michael Tennant February 9, 2012

San Francisco, as even casual observers of the political scene know, is one of the most liberal cities in the country. Many of...

Freddie Mac Bets Against Homeowners and Refinancing

Brian Koenig January 31, 2012

Freddie Mac has again entered the spotlight as a new report claims the government-sponsored enterprise betrayed American homeowners after placing multibillion-dollar bets that...

Gold Prices Soar on Fed News, Other Factors

Alex Newman January 26, 2012

A combination of several factors, including a declining dollar and the Federal Reserve’s announcement that it would keep interest rates at virtually zero...

Unemployment Numbers, Regime Uncertainty, and Regulatory Surge

Bob Adelmann January 23, 2012

Last Friday’s unemployment numbers, on the surface at least, appeared to reflect a growing, albeit slowly, economy. The number of new unemployment claims...