Government Is Taking Steps to Regulate Bitcoin
Various government agencies are discussing the possibility of regulating Bitcoin, but some experts say that Bitcoin's decentralized nature makes it difficult if not...
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EPA Shutting Down Last-standing U.S. Primary Lead Smelter
The last standing primary lead smelter in the United States will be closing in December — thanks to the federal Environmental Protection Agency’s...
Read moreRough Road to Recovery
President Obama has claimed that America is well on its way to economic recovery, but if job figures, incomes, inflation, and debt are...
Read moreMore Americans Say Country Headed in Wrong Direction
A dozen public opinion polls and two studies by conservative think tanks show that more and more Americans think the country is headed...
Read moreUSDA Approves Import of Poultry Processed in China
The Food Safety and Inspection Service (FSIS) of the U.S. Department of Agriculture (USDA) quietly lifted its restriction on processed poultry (such as...
Read moreNewest Jobs Report: There’s Good News, and Then…
Another report on unemployment, another slight uptick. But the numbers don't reflect reality, nor do they portend a stronger economy in the future....
Read moreJPMorgan Chase Hit With China Bribery Probe
The banking giant with insider connections to the Fed is facing a new scandal, on the heels of its $6.2 billion "London Whale"...
Read moreTaxpayers, Economic Outlook to Lose Big on the Auto Bailouts
Despite surges in revenue and a catalog of new vehicles from the U.S. auto industry, taxpayers are still suffering from the auto bailouts....
Read moreDetroit Creditors’ Haircut: 90 Percent
Detroit's Emergency Manager Kevyn Orr gave just two options to those creditors gathered in downtown Detroit on Friday: Go along with my proposal...
Read moreFirst Time Since 1995: U.S. Produces More Oil Than It Imports
The confluence of numerous factors in both Texas and North Dakota is working to help the United States wean itself from dependence on...
Read moreSlowing Economy Confirmed
There are always unintended consequences when using Keynesian economic theories to try to jumpstart an economy. One of them is the freezing of...
Read moreCalls to Privatize the FAA Follow Controller Furloughs and Airport Delays
Calls to privatize government agencies like the Federal Aviation Administration (FAA) are likely to fall on deaf ears until the government runs out...
Read moreEnergy Department Seizes $21 Million From Failed Hybrid Automaker
The U.S. Department of Energy says it seized $21 million from the reserve account of hybrid automaker Fisker Automotive when it failed to...
Read moreFHA in Line for Taxpayer Bailout
A likely bailout of another federal housing agency has drawn fire from congressional Republicans over an item in President Obama's budget that would...
Read moreFriday’s Jobs Report In Line with Reduced Expectations
Friday's jobs report from the Bureau of Labor Statistics buttressed the position of many who have seen a widening disparity between Wall Street's...
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