Economy - The New American

Obama’s “Green Economy” Debacle

With the United States’ official poverty rate now at a seventeen year high of 15.1 percent — and an actual poverty level that...

James Heiser September 13, 2011

Aware of Price Manipulation, China Fighting Dollar With Gold

Alex Newman September 6, 2011

Information cited in a leaked 2009 diplomatic cable from the U.S. embassy in Beijing shows the Chinese regime knew about American and European...

Government Reports No New Jobs in August, Markets Tumble

Thomas R. Eddlem September 2, 2011

The U.S. Bureau of Labor Statistics (BLS) reported that the economy added no new jobs during the month of August in a September...

Generation Vexed: Young American Working Class

Brian Koenig August 26, 2011

Burdened with economic uncertainty, high unemployment, and a volatile investors’ market, young Americans are desperately seeking job security — while anxiously chasing the...

Apple CEO Steve Jobs Resigns

Raven Clabough August 25, 2011

Steve Jobs, the CEO for Apple Inc., announced on Wednesday that he could no longer maintain his position at the company. Jobs garnered...

Greenspan: Gold is a Currency, Euro “Breaking Down”

Alex Newman August 25, 2011

Former Federal Reserve boss Alan Greenspan (left) made headlines this week when he said gold is indeed a currency and noted that the...

Bank of America Blames Stock Price Decline on Analyst

Bob Adelmann August 24, 2011

When Henry Blodgett explained that the reason for the decline in the price of Bank of America’s stock was because Wall Street thinks that...

Is Obama Planning to Keep Fannie and Freddie Alive?

Michael Tennant August 17, 2011

Is President Barack Obama working on a proposal to keep Uncle Sam deeply involved in the mortgage business and taxpayers on the hook...

Did George Soros Profit from U.S. Credit Downgrade?

Raven Clabough August 15, 2011

Many suspect leftist billionaire George Soros (left) of having profited from Standard & Poor's recent downgrade of the U.S. credit rating. According to...

Gas Price Drop of 30 to 50 Cents Per Gallon Expected in Next Few Weeks

Raven Clabough August 12, 2011

At a time when each day seems to bring more dire news regarding the economy, Americans have one silver lining: the price at...

The Scoop on Illinois’ Crackdown on Artisan Ice Cream Makers

Michael Tennant August 10, 2011

Residents of the Windy City may have to do without their favorite ice cream for a while, and possibly for good; and they...

China Calls for Global “Supervision” of Dollar, New World Currency

Alex Newman August 9, 2011

The communist Chinese dictatorship blasted the U.S. government for endangering its massive dollar holdings, calling for America to rein in its out-of-control debt...