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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
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...)
Most Popular in Economy
- Most important issue for Election 2008: It's still the economy, stupid!
- Taxes: The Bane of Our Existence (noteworthy facts about our favorite burden!)
- Worldwide Depression: a real possibility
- President Bush booed at the opening pitch of Washington Nationals game
- Democrats Call for Second Economic Stimulus Package
- Dollar set for a rebound; price reliefs may be on the way.
- More Bad News for the Economy
- Social Security Problem Perplexes Candidates
- Obama speaks on the war and economy, and completely misses the ball...
- Oil Executives Face the Big Bad Government
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