All News


910

Bernanke Talks, Kills Stocks…

(The Wall Street Journal) – A gloomy economic assessment from Federal Reserve Chairman Ben Bernanke erased an earlier stock rally, sending major indexes in the final minutes of Tuesday’s session to their fifth consecutive drop. The Dow Jones Industrial Average closed down 19.15 points, or 0.2%, to 12070.81. The blue-chip index has dropped 4% during …

June 7, 2011, 7:11 pm ·
909

China Warns on Risks of Dollar Holdings…

(CNBC) – The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies. Bill and cash The head of the international payment department at the Chinese forex regulator also …

June 7, 2011, 1:47 pm ·
907

$61.6 Trillion Financial Promises Not Paid For!

Federal government’s financial condition deteriorated rapidly. U.S. funding for future promises lags by trillions. (USAToday) – The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows. The government added $5.3 trillion in new financial obligations in …

June 7, 2011, 12:33 pm ·
906

AGAINST THE WALL: Pelosi calls for ethics inquiry…

(Politico) – House Minority Leader Nancy Pelosi (D-Calif.) and Rep. Steve Israel, the chairman of the Democratic Congressional Campaign Committee, are calling for an investigation into Rep. Anthony Weiner (D-N.Y.) over the series of sexually explicit conservations and lewd photos he exchanged with a half-dozen women during the last several years.

June 6, 2011, 6:18 pm ·
905

REPORT: 30% of companies to drop health coverage because of Obamacare…

(Market Watch) – Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows. While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will

June 6, 2011, 6:13 pm ·
904

World Bank to propose global CO2 levy on jet and shipping fuel…

(Reuters) – The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20 governments later this year on raising climate finance, a senior official said on Sunday. Developed countries have already written off chances of agreement on a new binding deal at a U.N. conference in Durban this year, …

June 6, 2011, 1:43 pm ·
903

FOXNEWS AILES: I MIGHT HIRE HILLARY CLINTON!

(The Daily Beast) – Roger Ailes, the combative conservative behind Fox News, is sounding strangely reasonable these days, going easy on top Democrats

June 6, 2011, 1:40 pm ·
902

Santorum Enters GOP Presidential Contest

Santorum’s policy positions align with national conservatives who now are looking at many of the expected candidates with skepticism. (FoxNews) – Former Pennsylvania Sen. Rick Santorum announced Monday that he is entering the race for the Republican presidential nomination, saying he’s “in it to win it.” “We’re ready to announce that we’re going to be …

June 6, 2011, 11:36 am ·
900

Howard Dean Warns SHE COULD WIN…

(The Hill) – Howard Dean, the former Democratic National Committee chairman who helped Democrats capture the White House in 2008, warns that Sarah Palin could defeat President Obama in 2012. Dean says his fellow Democrats should beware of inside-the-Beltway conventional wisdom that Obama would crush Palin in a general-election contest next year.

June 5, 2011, 2:26 pm ·
899

LET’S GOLF ABOUT IT

(Politico) – President Barack Obama and House Speaker John Boehner (R-Ohio) will finally hit the links for a round of golf

June 4, 2011, 11:33 pm ·
898

Dow Has Longest Weekly Slump Since ’04…

(Bloomberg) – U.S. stocks fell this week, sending the Dow Jones Industrial Average to its longest streak of losses since 2004, after worse-than-estimated reports on jobs and manufacturing fueled concern earnings growth will slow. All 10 Standard & Poor

June 4, 2011, 11:26 pm ·
897

Housing prices fall ‘beats Great Depression slide’…

(Independent) – The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression. The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now …

June 4, 2011, 11:24 pm ·
896

DOOM: More Americans Think Economy Will Never Recover…

63 percent of Americans said they feel “not good” about the state of the US economy (CNBC) – The mixed signals regarding the economy’s health are taking a toll. Americans are growing increasingly doubtful about direction of the US economy, according to the latest survey from business-advisory firm AlixPartners. In fact, an increasing number, some …

June 4, 2011, 4:36 am ·
894

China Divests 97% of Holdings in US Treasury Bills…

(CNS News) – China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury. Treasury bills are securities that mature in …

June 4, 2011, 4:34 am ·
893

WH: ‘Bumps on the road to recovery’…

(Washington Times) – The White House downplayed a disappointing May jobs report Friday that showed unemployment inched up to 9.1 percent, with President Obama

June 3, 2011, 12:06 pm ·
892

9.1%

(Yahoo) – Employers hired far fewer workers than expected in May and the jobless rate rose to 9.1 percent, raising concerns the economy might be stuck in a painful slow-growth mode. Nonfarm payrolls increased 54,000 last month, the weakest reading since September, the Labor Department said on Friday. Private employment rose just 83,000, the least …

June 3, 2011, 12:03 pm ·
890

Cain: “…….Obama Couldn’t Run a Pizza Joint”

June 2, 2011, 10:58 pm ·
888

Moody’s warns of rising risk on U.S. credit rating…

(Reuters) – Moody’s Investors Service said on Thursday there is a very small but rising risk of a short-lived default by the United States if there is no increase in its statutory debt limit in coming weeks. In a statement, Moody’s said if there is no progress in increasing the debt limit, it would expect …

June 2, 2011, 1:57 pm ·
887

Romney opens presidential bid challenging Obama

Mitt Romney says President Barack Obama has failed the United States (News-Yahoo) – Republican Mitt Romney says President Barack Obama has failed the United States and is pitching himself as an alternative who can fix the nation’s ailing economy. The former Massachusetts governor on Thursday made official his White House run and offered a blistering …

June 2, 2011, 1:50 pm ·
886

Ron Paul warns of ‘dictatorship in Washington’…

(The Hill) – GOP Presidential candidate Rep. Ron Paul (R-Texas) on Tuesday warned of too much “dictatorship in Washington D.C.” while on a campaign stop in Mason City, Iowa. “We’re not on the verge of having a king, but we are on the verge of having way too much dictatorship in Washington, D.C.,” Paul said, …

June 2, 2011, 11:03 am ·