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Economy - Economics USA

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A couple weeks ago, I had my TV tuned to a business show that loves to give predictions on the markets and the economy. On that day, one of the program’s regular guests declared it was time to “short” gold, that it had reached its top, and that the p

What’s the best way to get through a debt crisis? Straight through was our advice last week. For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have

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Washington Post

The idea that the government of a major advanced country would default on its debt -- that is, tell lenders that it won't repay them all they're owed -- was, until recently, a preposterous proposition. Governments of rich countries are borrowing so m

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Washington Post

Goldman Sachs is proposing to buy millions of dollars in assets from struggling mortgage finance giant Fannie Mae, an offer a recent Treasury Department analysis found would not be advantageous for taxpayers, people familiar with the matter said.

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Reuters

White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth and would include Cabinet officials from Treasury Secretary Timothy Geithn

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PrisonPlanet.com

The large-scale government intervention in the economy is going to end badly. - I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner.

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AP

CIT's move will wipe out current holders of its common and preferred stock. That means the US government(TAXPAYERS) will likely lose the $2.3 billion it sunk into CIT last year in return for preferred shares to prop up the ailing company.

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LewRockwell.com

All Hail Halloween - Jim Rogers and Marc Faber Agree - Don't Be a Vaccine Victim - Let the Greenback Prove Itself . We must break the Fed's stranglehold, says Ron Paul.

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The basic definition of a disaster, as defined by a country is the inability of the police, social service, medical and government to protect the citizens of the nation, county, city or neighborhood. This means that none of the above have

Letters to the Editor • Global
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AP

The White House promised that new figures showing progress in President Barack Obama's economic recovery plan will be more accurate as it aggressively defended an earlier faulty count that overstated by thousands the jobs created or saved so far.

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Reuters

Treasury Secretary Timothy Geithner scrambled to fight off attacks from all sides on a new Obama administration plan for tackling financial risk in the economy unveiled just two days ago. After weeks of negotiations, the administration and Democratic

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Reuters

"Sure, the economy's standing up on its own legs again, but for how long once the government stimulus starts to fade?" said an economist. "That's the million dollar question for the nation's unemployed -- all 15.1 million of them sitting idle, throug

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Washington Post

The Federal Reserve said it had no choice but to instruct American International Group to reimburse the full amount of what it owed to big banks on derivatives contracts, that ended months of effort to negotiate lower payments.

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New York Times

DETROIT — Many workers at the Ford Motor Company are signaling that they are unwilling to help the automaker cut its labor costs further, by voting against what would be the third round of concessions in the last two years.