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Economy - Economics USA

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cnbc.com

Stocks extended their sharp gains across the board Wednesday after global central banks announced a coordinated plan to support the global financial system, a handful of better-than-expected economic news and as China said it would loosen monetary po

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mobile.bloomberg.com/

Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold

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verticalresponse.com

What's going on at the Public Banking Institute? Plenty! For a start, we are going to have a national public banking conference, planned to be in Philadelphia in mid-April, 2012. This conference is a direct result of the Occupy Wall Street (OWS) mov

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ABC News

Faced with high labor costs and rising prices for jet fuel, American Airlines parent company AMR filed today for Chapter 11 bankruptcy. Once the world’s largest airline, American is deeply in the red, and in recent months its cash reserves have be

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Bloomberg

The amount of money the central bank parceled out was surprising. The Fed committed $7.77 TRILLION as of March 2009 (2 1/2 years ago) to rescuing the financial system, more than half the value of everything produced in the US that year.

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motherjones.com

College students have, to some extent, always been poor and hungry. But in the past few years, undergrads' plight has become truly dire. It's not hard to see why the Occupy Wall Street movement has struck a chord on campuses.

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Real Clear Markets

Author Robert Tracinski points out that whole classes of professionals who think of themselves as irreplaceable skilled workers--in many cases, highly skilled workers--are soon going to discover how much of what they do can be automated or outsourced

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msnbc.com

Nearly half of all Americans lack economic security, meaning they live above the federal poverty threshold but still do not have enough money to cover housing, food, healthcare and other basic expenses, according to a survey of government and industr

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dailybell.com

The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.

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lewrockwell.com/Peter Schiff

For much of the past few months it looked as if Europe was set to blow. But Angela Merkel's refusal to support a Federal Reserve style bailout of European sovereigns and her recent statement the she had no Hank Paulson style fiscal bazooka in her han

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