Economy

In the Midst of Food Crisis Haiti Nominates Prime Minister

Ericq Pierre was nominated by Haitian President Rene Preval on Sunday and will soon be evaluated by the Haitian Parliament and in all likelihood will be approved to be the next Prime Minister of Haiti. Early reports on the selection indicate that Pierre... (more...)

Posted on May 2 2008 | 0 comments | Written by Shaun Booth

Congress Acts to Ease the Mortgage Crisis

The mortgage crisis will not go away. Every day more and more houses go on the market because the homeowners cannot pay the high mortgages. Yes, in many cases they were not ready to buy a home and got in over their heads, but a flood of foreclosures... (more...)

Posted on May 1 2008 | 0 comments | Written by irishr

Dollar set for a rebound; price reliefs may be on the way.

The dollar gained some ground on Friday against other major currencies for a number of reasons, and is headed towards its best monthly performance since 2005. With the Fed’s meeting this week expected to be the last talks of interest rate cuts for a... (more...)

Posted on Apr 29 2008 | 0 comments | Written by Shaun Pickford

Most important issue for Election 2008: It’s still the economy, stupid!

Americans have been slammed every day for the last several weeks with a new headline or concern related to the impending recession or constantly increasing economic struggles. The economy has overtaken the War in Iraq in recent months as the most important... (more...)

Posted on Apr 21 2008 | 2 comments | Written by Shaun Pickford

More Bad News for the Economy

There can be not doubt that not only the United States, but the rest of the world is facing a recession if not a depression. Events of the past two days only make this more of a certainty. Every aspect of our economy is suffering and thereby so is every... (more...)

Posted on Apr 16 2008 | 1 comment | Written by irishr

Taxes: The Bane of Our Existence (noteworthy facts about our favorite burden!)

April 15: some call it Tax Day, some call it the real April Fool’s Day. It is also the day Lincoln passed away, the day McDonald’s first opened, and the day GE was formed. Regardless of what the significance is of it to you, April 15 is finally... (more...)

Posted on Apr 16 2008 | 0 comments | Written by Shaun Pickford

Worldwide Depression: a real possibility

The current economic slowdown we are facing will not just be limited to the United States, a forecast by the International Monetary Fund claimed this week. The dollar sank yet again against the Euro in response to this news on Wednesday. A global slowdown,... (more...)

Posted on Apr 10 2008 | 0 comments | Written by Shaun Pickford

Democrats Call for Second Economic Stimulus Package

House Speaker Nancy Pelosi claimed on Friday that she would propose another economic stimulus package to help spur the contracting economy. This hopefully bi-partisan proposal will likely occur in the coming weeks, without even waiting to see any data... (more...)

Posted on Apr 7 2008 | 3 comments | Written by Shaun Pickford

Oil Executives Face the Big Bad Government

On April 1st, executives from some of the world’s largest oil companies testified to a committee in Congress about their record profits in the last couple of years. Executives from Shell Oil, ExxonMobil, BP America, Chevron and ConocoPhillips argued... (more...)

Posted on Apr 3 2008 | 1 comment | Written by Shaun Pickford

Federal Reserve Chairman Ben Bernanke Predicts Recession

A wide majority of Americans view the economy as the number one issue of the Presidential campaign. Federal Reserve Chairman Ben Bernanke testified today before the Joint Economic Committee of Congress and from his remarks, the voters are right and... (more...)

Posted on Apr 2 2008 | 1 comment | Written by irishr

President Bush booed at the opening pitch of Washington Nationals game

President George W. Bush was greeted Sunday by thousands of resounding boo’s while being introduced at the Nationals Park in Washington, DC. Walking to the field from the tunnel, the booing did not let up. With a wave a and an un-acknowledging smile,... (more...)

Posted on Mar 31 2008 | 14 comments | Written by Shaun Pickford

The Federal Reserve’s Power Grab

The Bush Administration’s Treasury Secretary Henry Paulson has proposed an excessive broadening of powers for the Federal Reserve; the move is thought to be in reaction to the recent panic in the financial markets and overall economic instability in... (more...)

Posted on Mar 29 2008 | 8 comments | Written by Shaun Booth

Obama plans to shield us from ourselves in 2008, and ultimately destroy the “Shining City on a Hill”

In the “Wealth of Nations”, Adam Smith believed that a successful nation’s free market will be guided by “an invisible hand”. In studying Adam Smith’s economic philosophies, the Founding Fathers of the United States... (more...)

Posted on Mar 28 2008 | 2 comments | Written by Shaun Pickford

Which Candidate Has the Best Plan for the Economy?

In a recent poll from the Rasmussen Reports, 81% of the respondents said that the economy is the most important issue in the Presidential campaign. A couple of days ago we asked our readers their opinion and 77% agreed. The remaining three candidates... (more...)

Posted on Mar 27 2008 | 0 comments | Written by irishr

Social Security Problem Perplexes Candidates

The Social Security Board of Trustee’s released its 2008 Annual Report on the finances of the Social Security Trust Funds on Tuesday. The report reiterated the rapidly deteriorating financial status of the Social Security accounts, stating that the... (more...)

Posted on Mar 26 2008 | 6 comments | Written by Shaun Pickford
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