There’s Gold in Them Thar Vaults!
The U.S. federal government possesses the largest stockpile of gold in the world, but even with record high prices, it isn’t likely to...
Economy
Record Federal Deficit of $176 Billion in October
The federal deficit for October reached a record-setting level for that month: $176 billion....
Small Banks Turn Down TARP Funds
Many small banks are turning down federal money from the Troubled Asset Relief Program...
Unemployment Rate Shoots Past 10 Percent
The unemployment rate shot from 9.8 percent in September to 10.2 percent in October,...
Ford Made Nearly $1 Billion Last Quarter
The Ford Motor Company has posted a net income of nearly $1 billion in...
Did “Cash for Clunkers” Cost Taxpayers $24,000 Per Car Sold?
The federal $3 billion “Cash for Clunkers” program promoted by the Obama White House...
GDP Increases 3.5% in Third Quarter, Fueled by “Cash for Clunkers”
The U.S. economy grew at a better-than-expected 3.5 percent annualized rate in the third...
Did N.Y. Fed Engineer Sweetheart Deal for AIG Debt Holders?
A year after the onset of the greatest financial crisis since the Great Depression,...
Bernanke Urges More Regulation of Financial Sector
Fed Chairman Ben Bernanke is growing impatient. With the financial crisis continuing to drag...
Pay Czar to Slash Executive Compensation
Kenneth Feinberg, the Obama administration’s “pay czar,” is expected to announce a plan next...
No Social Security COLA in 2010
The government has announced that Social Security recipients will not receive a cost-of-living adjustment,...
Report: Secret Plot Against Dollar
A report published Tuesday by a British newspaper sent shockwaves across the world. The...
September Unemployment Hits 9.8 Percent
The national unemployment rate hit 9.8 percent in September, the highest it has been...
FDIC Wants Banks to Prepay Fees
The Federal Deposit Insurance Corporation proposed on September 29 that banks prepay $45 billion...
New Figures for GDP Decline and Job Losses
America’s gross domestic product declined in the second quarter of this year, and in...
Recession Delays, Cancels Retirement Plans
According to a survey conducted in the past two months by an organization known...
Proposal for This Week’s G-20 Summit: IMF as Global Financial Regulator
“The International Monetary Fund was the surprise winner at the last summit of the...
FDIC Seeks Help From Banks
The Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the...
Reverse Immigration Jeopardizes U.S. Economy
While the U.S. Border Patrol has its hands full trying to stop the flow...
Adobe Expands With Omniture Purchase
Adobe Systems Inc., the largest producer of graphic-design software in the world, has announced...
