Gold Hits New Record High, Skirts $1,200/oz.
The weakening dollar propelled gold prices in American markets almost to $1,200 an ounce Tuesday morning, Reuters reported. U.S. gold futures for February...
Economy
GDP Numbers Revised Downward to 2.8 percent for Third Quarter
The U.S. economy grew slower in the third quarter of the year than initially...
Ron Paul’s Audit the Fed Bill Advances
On November 19, the House Financial Services Committee advanced a bill that calls for...
Millions of Taxpayers Will Repay Tax Break
Thanks to how the Internal Revenue Service implemented President Barack Obama’s tax break last...
Why Stimulus Funds Create Few Jobs
The Obama administration has recently reduced by 60,000 the number of jobs created or...
GM’s Bailout Money May Go Overseas
General Motors has received $50 billion in taxpayer assistance, yet even as the company...
There’s Gold in Them Thar Vaults!
The U.S. federal government possesses the largest stockpile of gold in the world, but...
Record Federal Deficit of $176 Billion in October
The federal deficit for October reached a record-setting level for that month: $176 billion....
Small Banks Turn Down TARP Funds
Many small banks are turning down federal money from the Troubled Asset Relief Program...
Unemployment Rate Shoots Past 10 Percent
The unemployment rate shot from 9.8 percent in September to 10.2 percent in October,...
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...
GDP Increases 3.5% in Third Quarter, Fueled by “Cash for Clunkers”
The U.S. economy grew at a better-than-expected 3.5 percent annualized rate in the third...
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,...
Report: Secret Plot Against Dollar
A report published Tuesday by a British newspaper sent shockwaves across the world. The...
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...