It's like a summer movie: the incredible shrinking dollar. Since the beginning of the year, the buck has shrunk 5 percent – the equivalent of a 20 percent annual decline – compared with the pound and the euro.
Tony Blair may have emerged as a surprise contender to replace Paul Wolfowitz as president of the World Bank, but the former finance ministers of Afghanistan and Nigeria are both seen as more credible candidates.
A gauge of future economic activity showed the U.S. economy will slow in coming months, reversing recent gains and suggesting higher gas prices and a sluggish construction industry are beginning to take their toll.
Waves of mortgage delinquencies should not seriously hurt the US economy even though loan foreclosures are likely to rise even more this year and next, Federal Reserve Chairman Ben Bernanke says. (Whistling past America's Economic Graveyard)
Democrats controlling Congress presented a $2.9 trillion budget blueprint Wednesday, ensuring a confrontation with President Bush over spending boosts for education and other domestic programs.
After entering her driver's license number and bank account information online she'd be able to pay for gas just by swiping her driver's license (linked directly, via the existing magnetic stripe, to her bank account), and entering a pers
Inside US companies' audacious drive to extract more profits from the nation's working poor. (I know what you're thinking, but read this piece. Makes you're head spin)
DaimlerChrysler AG said it will sell 80.1 percent of its money-losing Chrysler Group to private equity firm Cerberus Capital Management LP for $7.4 billion, unwinding a troubled 1998 combination aimed at creating a global leader. The deal is a stu
Consumer spending has been the powerful and dependable engine of the current economic expansion. Americans have continued to shop through boom-time borrowing, high oil prices, on-and-off job growth, uncontrolled medical costs, rampant trade deficits,
Short-term trends and the market can make bears look foolish at times, the belief for the long term is layed out. This is why it is difficult to be bullish in this environment of astronomical excesses and ridiculous shortfalls.
It has become almost a regular stop for San Francisco tourists. Once they've seen the Golden Gate Bridge and the Transamerica Pyramid, they can drive down Harrison Street to see the most amazing sight of all. Regular gas for $4 a gallon.
Judy Weil submits: Here's our summary of articles and data points on the housing market. It's part of Seeking Alpha's coverage of the real estate market and homebuilder stocks.
The Adventures of Citizen X - Searching for liberty in the land of the free.
Stock markets in the United States have been setting records lately, despite economic conditions that hardly seem like a recipe for boom times on Wall Street. Gasoline has jumped above $3 a gallon in price, yet the Dow Jones Industrial Average rec
A lesson learned by the Muslim areas of India and China in this famous quote by Frederic Bastiat.
long with high gas prices come the calls for Americans to diversify our energy sources and reduce our dependence on foreign oil. But be skeptical of politicians who tout ethanol as the clean-burning solution to our energy crisis.
The number of calls made on mobile phones has fallen for the first time, according to new research. The figures suggest that the novelty of constantly being in touch is finally starting to fade.
Wall Street Journal again attacks Hugo Chavez with false and misleading article
[cuz people will be buying less] The biggest of the big-box retailers are looking to get a lot smaller as they try to bring in more customers in areas where mega-buildings are neither practical nor affordable.
Maybe you guessed it, but now it's official: The housing market has not hit bottom. Poor home sales in cold-and-quiet February may be excusable; but in March, April, and May, they are a sure sign of distress. The latest numbers indicate that the
April was indeed the cruelest month for automakers as many consumers stayed on the sidelines in the face of stagnant home values and rising gas prices.
Fewer people are trying to sneak across the US-Mexico border. As a result, US border officials are nabbing fewer illegal immigrants – 30% fewer for the first quarter of this year compared with the same period a year ago. A slowing US economy, resulti
With budget deficits improving, the government said Wednesday it is discontinuing sales of three-year Treasury notes. The Treasury Dept said the last auction of three-year notes will occur next week as part of the regular series
A man operated a "warehouse bank" out of his home in the south Seattle suburbs, taking at least $28 million from people around the country who wanted the discretion of a Swiss bank account without going to Switzerland. Robert Arant, of Des
The Fed… ugh, what can you say? - Housing Bubble - China etc.
The most frequent and popular of these proposed remedies has been the simple one of seizing from the rich to give to the poor. This remedy has taken a thousand different forms, but they all come down to this. The wealth is to be "shared,"
The Institute for Truth in Accounting was created to enhance the credibility of public and private sector financial reporting by encouraging the issuance of understandable, reliable, and relevant information. Without truth, there can be no understanEntered By: Jean Carbonneau
China is clearly in a bubble. Shanghai stocks are up 250% since 2005 – and 35% this year alone. Still, investors are so eager to get in at these prices – while they can still get hurt – that they take up Chinese bank IPOs at twice the PE ratio
The People's Bank of China (PBOC), in a surprise announcement on the eve of the Lunar New Year holidays, ordered lenders to tie up another half a percent of their deposits in reserve at the central bank instead of loaning the money out.
On March 20 investors breathed a sigh of relief when the U.S. Department of Transportation gave conditional approval to British entrepreneur Richard Branson's startup Virgin America Airlines to begin serving customers.