economy

Article: Private Trading Draws S.E.C. Scrutiny

Wow, talk about big government… The SEC misses the big one and now they are poking around in PRIVATE transactions!!? How does that work? Where does this end? Is the SEC going investigate when the flower shop on one corner buys the rival on the o...

Article: U.S. Allowed American Companies To Do Business With Blacklisted Nations

The Treasury Department has granted nearly 10,000 special licenses to American companies over the past decade so they could sell some types of products in Iran and other countries the U.S. considers terrorist sponsors, The New York Times reported...

Article: GAO Gives Up on Auditing Government Over Medicare Projections, Cites 'Uncertainties'

The Government Accountability Office threw up its hands when asked to issue an opinion on the Treasury Department's government-wide financial statements for 2010, citing particular concerns about Medicare projections. Full...

Article: Mixed Picture for U.S. Economy Keeps Analysts Hedging Bets

Economists, like doctors and weathermen, tend to hedge what they say carefully, so as to protect their reputation for accurate diagnoses, prescriptions, and prognoses. But the current economic climate is especially conducive to such hedging,...

Article: Economic Picture Brightens as Reports Show Spending Up, Layoffs Down

Economic reports Thursday suggest employers are laying off fewer workers, businesses are ordering more computers and appliances, and consumers are spending with more confidence. Full Article:

Article: U.S. "Intelligence" Spending: A Whale of a Bad Joke

The government has announced that total spending on "intelligence activities" in fiscal year 2010 was $80.1 billion. According to a report in the...

Article: Foreign Firms Received Funds

The Federal Reserve, forced by Congress to release details on trillions of dollars' worth of loans made during the financial crisis, disclosed the breadth of its lending to U.S. businesses desperate to raise cash and the surprising degree to which...

Article: Dr. Paul appeared on Fox Business' America's Nightly Scoreboard on Thursday to discuss the omnibus spending bill and the Federal Reserve.

Article: Putin Ditches Dollar, Backs Euro

Vladimir Putin said it is "quite possible" that Russia will one day join the eurozone and create a currency that would eclipse the US dollar as the global reserve standard.Speaking at a conference in Germany the Russian prime minister,...

Article: After Months of Resisting, Ireland Applies for Bailout

Ireland has formally applied for a rescue package worth more than $100 billion, after months of trying to survive its financial crisis with austerity measures and strict budgetary planning. The much-anticipated step gave a lift Monday to global...

Article: China and Russia Quit U.S. Dollar

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian...

Article: House & Senate Finalize Financial Overhaul Bill

Key House and Senate lawmakers approved far-reaching new financial rules early...

Article: WATCH OUT FEDERAL RESERVE: Senate agrees to expanded Audit the Fed provision

GREAT NEWS: the Senate committee that is currently working on a compromise Wall Street reform bill to reconcile with the House version has agreed to expand an audit of the privately owned and controlled Federal Reserve.While still not a...