UNEMPLOYMENT

Apple topped Exxon Mobil as the world's most valuable company on Wednesday, but can the company be able to keep up the momentum if the country's economy continues to slip?

A quick look at the GOP members chosen to help tackle the country?s financial problems.

I am puzzled as to why such disorders do not happen in America.

Democrats retain two out of six seats in recall election.

The U.S. Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks.

President Barack Obama is getting hammered on all sides for a stumbling U.S. economy and his uneven response to it, raising pressure on him to take steps to create jobs or risk being ousted in next year's election.

The Federal Reserve released a statement Tuesday saying that the Federal Open Market Committee, which met in June, accepted that the economic growth so far this year has been slower than its expectations.

Wall Street investors may look past an advertising rebound and a strong box office for Walt Disney Co and instead zero in on the outlook for its sprawling theme park unit as economic uncertainty grips consumers.

Rioters turned against their fellow countrymen Tuesday night, as the chaos and violence continues in the British capital.

"We do have a serious problem in terms of debt and deficit, and much of it I inherited," Obama said. The financial crisis, he said, made the problem worse.

As a frightened nation asks itself "when will this violence end?" some have started the healing process. Others, however, continue on the looting spree that has shocked the capital since Saturday night.

America's economy is barely growing, and policy-makers are searching for solutions. If only Apple made its popular iPhone and iPad in America. The unemployment rate would shrink, and the economy would get moving again.

The rioting that has engulfed London and several other cities should have come as no surprise, given the huge numbers of unemployed and idle British youth.

Now that Uncle Sam has dug itself into a $14 trillion hole, it?s the American taxpayer who should be warning Ben Bernanke and his government cronies about the irrationalities of their exuberant paper printing.

Read Tuesday's full statement from the Fed.

In response to a slowing economy, the U.S. Federal Reserve, despite some internal dissent, announced Tuesday that it plans to keep monetary policy stimulus in place, noting that it will keep short-term interests rates exceptionally low through at least mid-2013. The Fed will also continue to reinvest bond proceeds maturing in its portfolio.

The FOMC released the following statement on monetary policy on Aug. 9, 2011.

Mexican immigration to the U.S. has been cut more than half since 2006, due to the economic collapse north of the border.

Gang warfare, drug trafficking, high unemployment and teenage pregnancy have blighted Tottenham for many years.

America is on the fritz.

The S&P downgrade is already old news for U.S. markets. All eyes are on the Fed, and concerns about slow growth and the real threat of a new recession.