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No Social Security COLA in 2010

The government has announced that Social Security recipients will not receive a cost-of-living adjustment, or COLA, in 2010. This is because the COLA is tied to price inflation, which according to...

FDIC Wants Banks to Prepay Fees

The Federal Deposit Insurance Corporation proposed on September 29 that banks prepay $45 billion in insurance premiums to help the FDIC avoid running out of money to cover bank failures. ...

FDIC Seeks Help From Banks

The Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the very banks it is supposed to be insuring against failure, the New York Times reported on September...

Adobe Expands With Omniture Purchase

Adobe Systems Inc., the largest producer of graphic-design software in the world, has announced a deal to purchase Omniture Inc. for $1.8 billion. Ominture’s focus is tracking website performance and measuring...

Poverty Rate Highest in 11 Years

According to statistics from the U.S. Census Bureau, the poverty rate is at an 11-year high while household incomes are at a 10-year low, all thanks to the worst recession since...

Cheap Chinese Tires Keep Rolling In

As inexpensive Chinese-made automobile tires keep rolling into the United States and U.S. tire manufacturers struggle to stay in business, President Obama will soon have to decide whether or not to...