Rough 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 any indication, he’s wrong. ...
Sectors
More 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 in the wrong direction. ...
USDA 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 chicken and turkey) from Communist China into the...
Newest 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. ...
JPMorgan 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" losses and its malfeasance in the mortgage meltdown...
Taxpayers, 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. ...
Detroit 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 now, and you'll get the best deal you...
First 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 foreign oil, including low taxes, improved technology, and...
Slowing 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 credit markets because of the Fed's manipulations. ...
Calls 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 of money. ...
Energy 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 begin repaying a federal loan. ...
FHA 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 provide $943 million for the Federal Housing Administration....
Friday’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 enthusiasm and Main Street's gloom over the health...
Major U.S. Companies Park Money Overseas to Save on Taxes
In a stunning depiction of how bad our tax code has become, the Wall Street Journal on March 10 found that 60 major U.S. companies parked a total of $166 billion...
Friday’s Surprisingly Strong Jobs Numbers Aren’t Real
According to Friday's Labor Department report, the economy generated 236,000 new jobs in February, dropping the unemployment rate to 7.7 percent. But these number do not reflect some unsettling facts: Part-time...