Fannie and Freddie: Still Mortgaging America’s Future to Stay in Business
Need more proof — besides the staggering national debt — that the federal government is totally incompetent in fiscal matters? Three years after...
Economy
Tornadoes Worsen Economy of Alabama, Other Southern States
The state of Alabama was already struggling with high unemployment when it was pummeled by tornadoes last week. As businesses and homes have...
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Bernanke Press Conference Proclaims Inflation Not a Problem
Federal Reserve Bank Chairman Ben Bernanke told reporters at the Fed's first ever press conference April 27 that the Fed's Open Market Committee will...
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High Gas Prices Set to Cause Double Dip in Economy
"I'm sure the rising cost of energy is bothering the market," said Fred Dickson, chief investment strategist at D. A. Davidson & Company last...
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China’s Central Banker: We Own Too Much U.S. Debt
China's Central Bank Chairman Zhou Xiaochuan told a Chinese monetary conference last week that “Foreign-exchange reserves have exceeded the reasonable level that our country...
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Fed on the Ropes? Bernanke to Hold Press Conferences
The recent decision by Federal Reserve Chairman Ben Bernanke to begin holding press conferences may be one more indication of the increased influence...
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University of Texas Takes Possession of $1 Billion in Gold
The University of Texas decided this week to take physical possession of some 664,000 ounces of gold it has bought over the past...
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Impact of S&P’s Announcement on Debt Ceiling Debate
Despite the White House’s contentions that the United States economy is improving, Standard & Poor’s recent decision to change its outlook on U.S....
Read moreWorld Leaders Address Rising Food Costs in Weekend D.C. Meetings
According to the International Monetary Fund and the World Bank, the global economy is "one shock away from a “full-grown crisis.” In a...
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Gold Hits New Record on Inflation, Debt Fears
Gold and silver prices soared to record highs and commodities continued pushing upwards as investors seek safe havens amid growing fears about inflation...
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Beck May Leave Fox News and Pursue Own Channel
Speculation over the length of conservative pundit Glenn Beck’s tenure at Fox News has pervaded media circles and conservative blogs almost since the...
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Fannie, Freddie, and the Feds’ Double Standard on Executive Pay
On February 4, 2009, President Barack Obama signed legislation establishing a $500,000 limit on executive compensation at firms receiving federal aid through the...
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Fed Showered Money On Foreign Banks
Complying with a court order, the Federal Reserve began releasing documents on March 31 related to one of its bailout and wealth-transfer schemes...
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Cash For Clunkers 2? It’s Coming
Even after the Cash for Clunkers program failed, the federal government refuses to give up. It is now launching Cash for Clunkers 2,...
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Financial Sector Lures Math Talent from Industry
Credit Time magazine for identifying, however imprecisely, a very important but little understood consequence of the modern Federal Reserve-based financial system: a “brain...
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