US labor costs rose as worker productivity unexpectedly stalled in the third quarter, representing a risk to Federal Reserve forecasts that inflation will subside. Productivity, a measure of how much an employee produces per hour, was unchanged
Wal-Mart CEO Lee Scott said he's urging Congress to consider raising the minimum wage so that Wal-Mart customers don't have to struggle paycheck to paycheck. (What kind of Kool-Aid is this guy drinking)
AUSTIN, Texas (AP) -- David M. Walker sure talks like he's running for office. "This is about the future of our country, our kids and grandkids," the comptroller general of the United States warns a packed hall at Austin's historic
The economy has grown 2.9% in the past year, the slowest year-over-year growth in three years.
The dollar fell the most in a week against the yen on speculation U.S. government reports will show a housing slump and the weakest economic growth since the last quarter of 2005.
Minimum wage laws are a primary reason for the demise of rural and inner city communities. These are low rent areas where the cost-of-living can be ten to twenty times less than expensive city areas.
There is total detachment from the bad news that is pouring out of the economy. For several years, the booming housing market has made the difference between recession and recovery for the US economy. Zooming house valuations
[We certainly aren't going to blame our foreign debt.] President George Bush warned the OPEC cartel on Monday that high crude oil prices could "wreck economies" and reduce demand for their products if it follows through on a planned out
Bringing our fellow Americans to a greater understanding of the evils of a government-dominated society and the virtues of a free society has always been difficult and frustrating work. It's no wonder that Albert Jay Nock likened it to Isaiah**Q*
Central banks in China, Japan, Taiwan, South Korea and Hong Kong have channelled immense foreign reserves into American government bonds, helping to prop up the US dollar and hold down American interest rates.
Finally, a few of the major media reporters are beginning to notice that the job situation in America is not all that it's cracked up to be. By following payroll taxes, we've know this for a long time. In fact, the situation is relatively s
Bank of America stunned the online brokerage industry by offering free stock trades to anyone who has $25,000 in an account at the bank. That came just days after Zecco.com offered free trades to anyone with a $2,500 account.
Anti-capitalists have convinced the American people that capitalism is the cause of a growing gap in per-capita income between the capital class and the working class. Their solution: take more money from the capital class and redistribute it
Even a casual observer can see that the Fed is now caught between a rock and hard place. If it lowers interest rates to head off the economic devastion that would come with a collapsed housing bubble - housing is estimated to have, directly
Some good reading. I like the last sentence. "We expect them to continue to trade their finished products for our corrosive IOU's, and to endorse our asset-based economy. Our power plant is inflation. Theirs is work".
The Dow Jones industrial average hit an all-time high, surpassing the previous record set in 2000, as investors bet that sliding crude oil prices will stimulate consumer spending and lift profits.
Federal Reserve Chairman Ben Bernanke called for urgent reform of Social Security and Medicare, warning that failure to do so soon could lead to dire economic consequences for future generations. Speaking to the Economic Club of Washington, Bernan
The U.S. Federal Reserve remains worried inflation is too high, but is also watching to see how much a "substantial correction" in housing markets will slow economic growth, Fed Chairman Ben Bernanke said.
Tough security measures at U.S. airports are putting potential visitors off visiting the United States, the head of the World Travel and Tourism Council said.
This maybe a load of horse puckey, but then again, a similliar scenrio took place in advance of the 9/11 attacks. Contain links to specific companies, and the volume of put options placed on those companies. You have been warned.
Following the Justice Department's recent announcement that it is "lowering the boom on alternative money," the debate over what constitutes real curreny in the US is back in the national spotlight.
[election time] Oil prices dropped Monday as traders apparently shrugged off worries about whether production cuts by two key producing nations were harbingers of further restrictions by OPEC members.
Relying on false wealth usually has its moment of truth. That moment's here for many US homeowners who hear a leak in a housing bubble. And as prices cool, those who took out high-risk loans - helping create the bubble - now need special help.
The typical double-income family is worse off financially than ever. Middle-class families are struggling to pay for a home, health insurance, transportation and their children's college with wages that have not kept pace with higher prices.
[Fiscally conservative?] The U.S. House of Representatives voted to keep alive a program that helps cities redevelop severely distressed public housing, authorizing an estimated $2.9 billion in appropriations through 2011.
The US economy downshifted to a 2.6% expansion pace in the second quarter, the government said in its final estimate of growth, revising down a previous estimate of 2.9%. The report confirmed a sharp cooling from the first quarter,
The risk of economic recession in the US in 2007 is increasing rapidly. Rather than overly tight monetary policy at the Federal Reserve, the declining value of US homes in undermining personal consumption expenditure.
Interesting site with a subcription, but one just needs to check out the archives, and read how this guy is nailing it big time when it comes to the experts who cook the books. EnjoyEntered By: Jean Carbonneau
The Commerce Department preliminary estimate of the current account gap -- the second largest on record -- was wider than the 213.5 billion dollars expected by private forecasters.
Warren Buffett's investment company Berkshire Hathaway Inc. is interested in buying further utility firms in the coming years and seeks to expand abroad, the U.S. billionaire said. In May, Buffett's company bought 80% of Israeli metal tools m