Last Friday (January 27) the US Bureau of Economic Analysis announced its advance estimate that in the last quarter of 2011 the economy grew at an annual rate of 2.8% in real inflation-adjusted terms, an increase from the annual rate of growth in the
Link takes you to a transcript of highlights or a podcast of the entire 1-hour talk. Hayek gets mentioned a lot. I use the word "ethics" in places this author uses "morals". Like freedom and liberty, the two are distinct - not merely semantics
The Federal Reserve has moved closer to embarking on a new round of its controversial money-pumping after the central bank and its chairman Ben Bernanke highlighted a grim outlook for the U.S. economy.
Central Bank Releases Policy Forecasts for Key Benchmark, Targets 2% Inflation
So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. During the same period, the price of ground beef has gone up 24 percent and price of bacon
If you are an American under the age of 30, you have probably figured out by now that the entire economic system is stacked against you. The way that our economy is structured today is ridiculously unfair to younger Americans.
Apple blew past forecasts and reported record quarterly net profit and revenue in the first quarter since the death of founder Steve Jobs, driven by strong sales of the new iPhone.
'The situation is about as serious and difficult as I've experienced in my career.'
As the economy struggles through the next recession, we need to be alert for signals that the Federal Reserve has screwed up and overshot its goal of controlling deflation. A big miss with too much monetary expansion and the US economy could lurch i
So our concept and our 'globalnomic' system is to take in as much information as we can on a global basis, always making connections between different fields.
After saddling the country with as much new debt as the rest of the world combined in one year flat, one would think that Uncle Sam wouldn’t have the cojones to dish out debt advice to others. But one would be wrong. In an unwitting self-parody worth
“It means that you should not bother to pay any attention to the rating agencies. Everything they have done in the past 15 or 20 years has been wrong,” he raged. “I stopped bothering about them long ago.
In a continuation of a sorry tradition of badly biased thinking and superficial reporting, it appears that the narratives from the ideological media about the housing collapse and corresponding financial meltdown have been incomplete.
These days, with a crisis atmosphere growing in the Persian Gulf, a little history lesson about the U.S. and Iran might be just what the doctor ordered. Here, then, are a few high- (or low-) lights from their relationship over the last half-century-p
The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills.
Who Rules America? - Tough on Crime? No, Tough on Freedom - Global Warming, Air Pollution, and Libertarianism And Ron Paul. Article by Walter Block - The Whole World Needs a Ron Paul - T-Junk - More Reasons To Save Your Nickels
The Economic Class, at least in the United States, has historically been the numerically dominant group, although in recent decades its dominance has noticeably waned.
Today's TIC data confirmed what Zero Hedge readers have now known for quite some time: namely that foreigners are selling US paper
"If government wishes to see a depression ended as quickly as possible, and the economy returned to normal prosperity, what course should it adopt? The first and clearest injunction is: don’t interfere with the market’s adjustment process." Rothbard
The USPS is a profitable, self-funded venture that is not supported by the taxpayers. It is funded with postage stamps—one of the last vestiges of government-issued money. Stamps are fungible and can be traded at par; and they are backed, not by mere
Sure enough, a little over two months since, the second notable company to have been alleged to have abused client capital for own purposes has emerged.
America is reeling under the worst economic downturn since the Great Depression. Now it's been revealed more Americans than ever are mired in poverty. And it's likely to worsen, reports a new study from Indiana University.
US markets finished higher this week despite downgrade rumors and an uncharacteristic profit miss by JPM. The S&P ended the week 0.9% higher, 0.5% for the DOW, while the NASDAQ posted a 1.4% gain. Canada’s TSX also snapped gains this week as their be
Republican frontrunner Mitt Romney’s team hit back Saturday atPresident Barack Obama’s campaign for portraying him as a jobs destroyer, ahead of a pivotal US election primary in South Carolina.
President Barack Obama will ask Congress on Friday for powers to merge US trade and commerce agencies in an effort to cut red tape for businesses and end government overlap, an administration official says.
Activists with the Rainforest Action Network recently devised a clever way of promoting their message: defacing Bank of America ATMs with non-adhesive stickers, bearing some startling truths about the nation’s largest financial institution.
It was 1987. The height of the "me generation". Hippies and Yippies had become "Yuppies". Young. Upwardly mobile. Professional. The epitome was featured in the very popular movie, Wall Street. His name was Gordon Gekko.
Already, in the budget submitted for the fiscal year starting in July, Brown proposed about $4 billion in cuts to programs he believes in such as welfare and child care. End-running the legislature on political reform is risky, however, and Democr
President Barack Obama formally notified Congress he plans a $1.2 trillion increase in the U.S. debt limit. The proposed increase would push the debt ceiling to $16.394 trillion.
The US auto industry remains unsold over the future of "green cars" such as electrics and hybrids, as carmakers struggle with the first steps in a market most agree shows promise over the long term.