The October Jobs Report: Precious Little Good News
There was precious little good news in the latest employment report from the Bureau of Labor Statistics (BLS) for October. Employment rose by 80,000, less than economists expected, and much less...
Sectors
Citigroup Settles With SEC Over Fraud Allegations
Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was starting to collapse. The Securities...
Another U.S. Credit Rating Downgrade Expected
Back in August, when Standard & Poor's downgraded the U.S. credit rating for the first time in history, from AAA to AA+, the Obama administration was disgruntled and fearful of how...
What Budget Cuts?
With all the talk of budget cuts in Washington, the average American could be forgiven for thinking that federal spending is, in fact, being reduced. Certainly the chattering classes are pushing...
Internet News Hits New Height of Popularity
For the so-called “old media,” it was the best of times, it was the worst of times. Last week the Pew Research Center for The People and The Press released a...
Obama’s Automobile Standards Could Drive Industry Over a Cliff
The Obama administration is proposing new automobile regulations, including a doubling of fuel economy requirements, that will make cars more expensive and less safe while costing thousands of jobs, according to...
How Will Fed’s Bailout of European Banks Impact Gold & European Markets?
Even as the dollar is crashing and inflation in the United States is rampant, Federal Reserve officials have announced plans to flow dollars into banks in the European Union. The European...
Federal Reserve to Bail Out European Banks (Again!)
To the list of mega-corporations bailed out by the U.S. government, we now must add — Europe. In an announcement that rocked financial markets worldwide, the European Central Bank revealed yesterday...
Report: Oil Industry Could Create One Million Jobs by 2018
By erasing burdensome regulations, the oil industry could create one million jobs by 2018 and more than 1.4 million by 2030, according to an analysis released by the American Petroleum Institute...
Generation Vexed: Young American Working Class
Burdened with economic uncertainty, high unemployment, and a volatile investors’ market, young Americans are desperately seeking job security — while anxiously chasing the "American Dream." The economy simply isn’t what it...
Is Obama Planning to Keep Fannie and Freddie Alive?
Is President Barack Obama working on a proposal to keep Uncle Sam deeply involved in the mortgage business and taxpayers on the hook for billions of dollars in home loans? The...
Gas Price Drop of 30 to 50 Cents Per Gallon Expected in Next Few Weeks
At a time when each day seems to bring more dire news regarding the economy, Americans have one silver lining: the price at the pump is going down. According to energy...
The Scoop on Illinois’ Crackdown on Artisan Ice Cream Makers
Residents of the Windy City may have to do without their favorite ice cream for a while, and possibly for good; and they have government to thank for it. According to...
Obama Announces New Fuel Economy Standards
The Obama administration has unveiled a new round of fuel economy standards for cars and trucks, which are expected to require mileage gains of nearly double the current figure. The new...
Gold Hits Record High — and It’s Going Higher
When public debt abounds, politicians look to slippery ways to keep buying votes with tax dollars while reassuring skittish markets that everything is okay. America, of course, faces a deficit showdown...