Economy - The New American

Fed Audit: Trillions For Foreign Banks, Conflicts of Interest

During a 2½ year period starting at the end of 2007, the Federal Reserve provided more than $16 trillion in secret bailouts to...

Alex Newman July 22, 2011

Gold Hits Record High — and It’s Going Higher

Bruce Walker July 20, 2011

When public debt abounds, politicians look to slippery ways to keep buying votes with tax dollars while reassuring skittish markets that everything is...

Using the Food Crisis

Bob Adelmann July 14, 2011

According to internationally acclaimed author and highly regarded expert Lester Brown (pictured), writing in the January 10 issue of Foreign Policy magazine: ...

Food Prices Rocket

Bob Adelmann July 13, 2011

Eighty-year-old Dottie Bell is a volunteer at the Community Market food bank in Opelika, Alabama, and every day she sees the impact of...

Obama Administration Attempts to Revise Mortgage Program

Raven Clabough July 8, 2011

Seemingly unaware of the nation’s debt crisis, the federal government is attempting to revamp its foreclosure-prevention program to make it easier for out-of-work...

Tiny Alto, Texas, Not the First to Mothball Its Police Dept

Kelly Holt July 7, 2011

The city council of tiny Alto, Texas — population 1,200, about 140 miles southeast of Dallas — shuttered its police department on June...

Obama Administration Proposes Doubling Gas Mileage Standards by 2025

Michael Tennant July 5, 2011

If the Obama administration gets its way, you can kiss your next SUV — and possibly your life, if you're involved in an...

Fueling High Gas Prices

Brian Farmer June 23, 2011

On the day President Obama took office in January of 2009, regular unleaded gasoline was selling nationally at an average price of $1.83...

“Government Motors” Gives Taxpayers the Crankshaft

Michael Tennant June 13, 2011

General Motors and Chrysler, so the story goes, have repaid the dollars the federal government loaned them to keep them from going belly...

Pension Woes of Alabama Town a Warning to Others

Raven Clabough June 13, 2011

The city of Prichard, Alabama, is the best proof that more states need Governors such as New Jersey’s Chris Christie, who is willing...

UN Seeking to Tax and Control Food Markets

Alex Newman June 9, 2011

A new report released by the United Nations blames the “herd” mentality of investors and poor regulation for volatile commodity prices, suggesting new...

Obama’s Dodgy Remarks on Auto Industry Bailout

Michael Tennant June 8, 2011

President Barack Obama has lately been touting the government’s takeover of two of the Big Three automakers as an unqualified success. This is...

Jobs Numbers Stagnate: Has Obama’s Spending Killed the Recovery?

Thomas R. Eddlem June 3, 2011

The U.S. economy experienced disappointing jobs numbers in May, according to figures released June 3 by the U.S. Bureau of Labor Statistics (BLS),...

Economists Tell Congress to Enact Spending Cuts

Thomas R. Eddlem May 14, 2011

Economists Richard M. Ebeling and Matthew J. Slaughter testified before the House Monetary Policy Subcommittee May 11 and agreed that spending must be...