U.S. Stock Market: Is Dow 11,000 a Top or a Starting Point?
You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
The Top 10 Reasons to Vote for Michele Bachmann for President
Without further delay, here are The Top 10 Reasons to Vote for Michele Bachmann for President -- announced in Late Show with David Letterman-esque fashion, from number 10 to number 1.
Sanders Sponsors Bill to Curb Oil Speculation
U.S. Sen. Bernie Sanders, I-Vt., says speculators have contributed to oil’s high price – hurting the U.S. economy and wreaking havoc on family budgets, and he’s proposed a bill that he believes will help stop it.
PIMCO’s Bill Gross: Spend Now and Hire to Jump-Start U.S. Economy
Spend now and hire, if needed, adjust entitlement formulas later: that's what PIMCO's Bill Gross, the head of the world's largest bond fund, is recommending to get the U.S. economy moving again.
Hurricane Irene 2011: Storm May Spare Gulf Refineries, Easing Gas Price Jump Concern
The bad news is that Hurricane Irene will probably strike the Florida and or the Southeast Atlantic coast. The good news is, for U.S. motorists - - the Gulf of Mexico and its important oil refinery infrastructure will be spared.
Martin Luther King Memorial Unveiled; Dedication Sunday
The Rev. Martin Luther King memorial opened to the public Monday on the National Mall in Washington. The memorial will be formally dedicated on Sunday Aug. 28 on the 48th anniversary of King's I Have a Dream speech. President Barack Obama is scheduled to speak at the dedication.
Unemployment Rate Rises in 28 States in July as Companies Adopt Cautious Stance
The unemployment rate rose in more than half of the nation's states in July, as the slowdown in economic growth prompted companies to take a wait-and-see stance regarding new hires. The major period of lay-offs appears to be over, but the hiring has not resumed en masse, which has kept the nation's unemployment rate stubbornly high at 9.1 percent,
Is this the Week Fed Chairman Ben Bernanke Starts QE3?
With the U.S. recovery having slowed considerably, and Europe debt woes persisting, investors will look to Fed Chairman Ben Bernanke's Jackson Hole, Wyo. speech later this week to provide clues regarding the central bank's evaluation of the economy, and at what point it thinks additional stimulus would be needed.
Federal Reserve Lent Private Banks $1.2 Trillion During Financial Crisis’ Acute Stage
The U.S. Federal Reserve lent private banks about $1.2 trillion from 2007-2009 in order to maintain credit market liquidity, bank function, and prevent the U.S. economy from plunging in to a depression.
Budget Cuts, Hill Democrats' Message, Perry: Washington Notebook
A summary of all-things Washington for Monday, August 22, 2011.
U.S. Reiterates Call for Iran to Release American Hikers Bauer, Fattal
U.S. Secretary of State Hillary Clinton Sunday reiterated the nation's call for Iran to immediately release U.S. citizens Shane Bauer and Joshua Fattal, two hikers who were sentenced to eight years in prison, after being imprisoned for more than two years for allegedly trespassing into Iran, which they deny.
Congressional Republicans Favor Letting Payroll Tax Increase to Normal Level
Most Americans know the norm of postmodern Washington: Republicans oppose tax increases, and Democrats favor them -- unless it’s the payroll tax, which the GOP favors raising back to its normal level.
U.S. Vital Medicine Shortage Underscores Need for National Stockpile
U.S. Government officials and Congressional lawmakers, along with drug industry and doctors' groups, are scrambling to find remedies for critical shortages in a number of drugs that treat life-threatening illnesses, including bacterial infection and several forms of cancer.
NYU’s Nouriel ‘Dr. Doom’ Roubini: Social Unrest Will Spread
Economist Nouriel Dr. Doom Roubini, the NYU professor who 4 years ago accurately predicted the global financial crisis, said U.S./Europe policy makers must invest in a new, smarter social safety net to restore a balance between the free market and public goods. If it doesn’t occur, a systemic flaw will, at minimum, continue to hinder economic recovery.
U.S. Stock Market: Who Has the Upper Hand Now - Bulls or Bears?
To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.
Five Myths About the U.S. Economy and Society
It goes without saying that a civilization and society as complex as the United States would have its share of myths and misnomers, so let's take a moment to dispel a few.
Senator Releases CFTC Oil Trading Data, Shows Extensive Speculation
Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in 2008 were intentionally leaked by a U.S. senator, sparking broader concern about industry confidentiality as Congress moves on Wall Street reform.
Who Works the Most Hours in the U.S.?
Which sectors log the most hours in the U.S.? As you'll see from the Bureau of Labor Statistics data, Americans are a hard-working bunch.
Obama Administration to Review 300,000 Illegal Immigrant Cases
The Obama administration has announced that it will review the cases of more than 300,000 illegal immigrants facing deportation to determine if they can remain in the United States.
Five Myths About American Civilization
It goes without saying that a civilization and society as complex as the United States would have its share of myths and misnomers, so let's take a moment to dispel a few.
Rick Perry Hits the Campaign Trail Stumbling
If Gov. Rick Perry, R-Texas and candidate for the 2012 Republican presidential nomination, is trying to show that he's qualified to lead an enlightened, diverse, complex society amid a period of economic, social, and technological change, he's doing an awful bad impression.
Dust Storm Envelopes Downtown Phoenix
A billowing wall of dust engulfed downtown Phoenix on Thursday, cutting visibility to a few hundred yards and delaying flights at the international airport.
Kansas City Imposes Youth Curfew After Weekend Shooting
The weekend shooting of three teenagers at a large late-night flash mob gathering prompted local authorities to pass an ordinance on Thursday that sets curfews as early as 9 p.m. for people under age 18.
Neil Armstrong, First Man on Moon, Rallies Troops in Afghanistan
Neil Armstrong, the first man to walk on the moon, jetted into Afghanistan this week with two other lunar greats to give a much-needed morale boost to the country's struggling air force.
United States Calls on Syria's Assad to Step Down
The United States for the first time Thursday explicitly called for Syrian President Bashar al-Assad to step down and imposed new economic sanctions likely to be followed up by the European Union.
Rain Helps Some Parched Kansas, Mississippi Areas, but Drought Continues
A band of showers has offered some relief to parched areas from Kansas to Mississippi Thursday, but the historic drought causing billions of dollars in losses in the South is showing no signs of abating soon.
U.S. Housing: Five Tips for Prospective Home Buyers
U.S. mortgage rates are falling to 50-year lows, even as existing home sales remains soft, with both stemming from uncertainty regarding the outlook for the U.S. economy. In this uncertain time, what should prospective home buyers do? Here are five tips that will help you make an informed home purchase decision.
Rick Perry: Global Warming Not Proven
Gov. Rick Perry, R-Texas and a candidate for the 2012 Republican nomination for president, said Wednesday he doubts man-made climate change is occurring, and also asserted that some scientists have manipulated the climate change research data to keep the issue alive.
Boston Crime Boss 'Whitey' Bugler's Girlfriend Due in Court
Catherine Greig, the girlfriend of former crime boss James "Whitey" Bulger, was headed to federal court in Boston on Thursday for arraignment on charges of aiding her fugitive boyfriend.
U.S. Justice Department Probing S&P Mortgage-Backed Securities Ratings System
The U.S. Justice Department is investigating whether analysts at Standard & Poor's (S&P) wanted to lower ratings on selected mortgage-backed securities, but were prevented from doing so by more-senior S&P officials.