US economy News
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Washington -
While below expectations the 2.5% growth rate the first quarter of 2013 was well above the anemic 0,4% rate of the last quarter of 2012.
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Washington -
The entire U.S. economy only managed to create a sharply disappointing 88,000 jobs last month, not even half the number economic analysts had expected.
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Washington -
Big banks are above the law. Not only are they too big too fail but according to US Attorney General Eric Holder they are also too big to prosecute.
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New York -
On his blog, Robert Reich has an article entitled: "Why There's a Bull Market for Stocks and Bear Market for Workers." The article gives some of the reasons for the contrast between the performance of stocks versus that of wages.
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New York -
By 2PM Eastern Time, the US Dow Jones Index was still at 14,264 passing the previous record high of 14,654 set on the 9th of October of 2007. Earlier in the session the Dow reached 14,286.
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Washington -
The US State Department released its "Draft Supplemental Environmental Impact Statement" on the XL Keystone pipeline. The report finds that denial or approval of the pipeline is unlikely to significantly impact the rate of development of the oil sands
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American fellows, it is Christmas time, a time to wake up, have a strong cup of coffee, and see what gifts a Chinese Santa Claus really delivers.
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Washington -
The looming tax hikes and severe across-the-board cutbacks in the United States that kick in January 1 next year are more appropriately called an "austerity bomb" than a "fiscal cliff".
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Washington -
The Congressional Budget Office(CBO) has just issued a report showing that if an agreement is not reached to avoid the fiscal cliff, the U.S. economy could drift back into a recession and the jobless rate could rise to over 9 percent by the end of 2013.
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This election, between Barack Obama and Mitt Romney comes down to perception. Who people think will do a better job. I sat down with a normal American middle class family and got their perspective.
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US economy Blogs
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With austerity measures currently in effect, there has been plenty of talk about how to reduce the national deficit. ...
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For some reason or another, there has been this notion that consumption will create economic growth. It’s quite the...
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Recently, President Obama made some noise when he claimed that the U.S. could replace 17% of the oil we import by using...
Feb 29, 2012 by sumdume - 1 comment |
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Via Confessions of a money manager: When the federal government passed the American Recovery and Reinvestment Act in...
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Key Questions When are we going to pay off our national debt? Which of the presidential candidates, including the...
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