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Money & The Economy

News on Finance, Money, markets and the economy

U.S. Postal Service continues to hemorrhage money

The U.S. Postal Service ended the first three months of its 2012 fiscal year (Oct. 1 – Dec. 31, 2011) with a net loss of $3.3 billion. Management expects large losses to continue until the Postal Service has implemented its network re-design and down-sizing and has restructured its healthcare program. Additionally, the return to financial stability requires legislation which gives the Postal Service ...

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Alarming Number of Americans Unable to Find Jobs in Obama Economy

The Bureau of Labor Statistics, a division of the Department of Labor, released it’s employment situation summary this morning and the news is not as good as the first paragraph suggests. Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the ...

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Ford Motor Company U.S. Sales Increase 7 Percent in January

DEARBORN, Mich., Feb. 1, 2012  — Ford Motor Company U.S. sales in January totaled 136,710 vehicles, a 7 percent gain compared with January 2011; retail sales increased 8 percent Focus contributed to 30 percent of Ford Motor Company sales growth in January, more than any other vehicle in the Ford product lineup. Focus sales were 14,400 vehicles, up 60 percent – the ...

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Indiana State Police Seize $4 Million Transcontinental Cocaine Haul

. WXIN-Fox 59 reports that the Indiana State Police have seized 37 kilos of cocaine that was on its way to New Jersey from California. Around 9:30am on January 31st, a trooper on Interstate 70 pulled over a Freightliner for a routine traffic stop.  Upon speaking with the driver, 26-year-old Mosies Delgado, the trooper became suspicious and investigated further.  The trooper ...

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CBO Predicts Fourth Consecutive Year With Trillion Dollar Deficit

. The Conressional Budget Office (CBO) treated us with some bad, yet expected, news: Another year with a deficit exceeding a Trillion dollars.  In their release, the CBO said: CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012 if current laws remain unchanged. Measured as a share of the nation’s output (gross domestic product, or GDP), that ...

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Consumer Confidence Index Decreases Slightly

Index Retreats after Two Months of Large Gains NEW YORK, Jan. 31, 2012 — The Conference Board Consumer Confidence Index® , which had increased in December, retreated in January. The Index now stands at 61.1 (1985=100), down from 64.8 in December. The Present Situation Index declined to 38.4 from 46.5. The Expectations Index edged down to 76.2 from 77.0 in December.The monthly Consumer Confidence ...

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What are Super PACs & When Are They Releasing Their Donor List?

Exactly who are the folks funneling unlimited amounts of money into the coffers of political candidates?  We are set to find out who is giving loads of cash to Super PACs on the same day that Floridians and Oregonians are heading to voting booths.  In Florida, today is the state’s primary elections, while Oregon’s 1st Congressional District holds a special ...

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US Energy Policy: Why It Failed & How To Fix It

THE FACTS ABOUT UNITED STATES ENERGY  One of the biggest drains on the American economy is, undoubtedly the importation of energy.  In the early 1970’s the United States was the world’s largest producer of Oil and Natural Gas.  If we still remain near the top of the world’s list of producers – #3 according to the CIA Fact Book – how is ...

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Fed to Keep Historically Low Interest rates until late 2014

In a Wednesday press release, the Federal Reserve announced that it would be keeping historically low interest rates until late 2014 due to a slowing recovery. Citing that while consumers are spending at an accelerated rate, business investment has reversed trends and gone lower, the Federal reserve feels that the move is necessary. Household spending has continued to advance, but ...

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Truck Tonnage Index Posts Largest Annual Gain in 13 Years

ARLINGTON, Va, Jan. 24, 2012 /PRNewswire-USNewswire/ — The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped 6.8% in December after rising 0.3% in November 2011.  The latest gain put the SA index at 124.5 (2000=100) in December, up from the November level of 116.6. For all of 2011, tonnage rose 5.9% over the previous year – the largest ...

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Fuel Economy Proposal Will Price Millions Out of New Car Market

SAN FRANCISCO, Jan. 24, 2012  — The National Automobile Dealers Association (NADA) said today that more than 7 million Americans would no longer be able to afford to buy a new car or truck in 2025 if the most expensive fuel economy rule ever proposed goes into effect. The comments were made by NADA director Forrest McConnell in testimony today at the final hearing ...

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Bob Beckel: Liberals Created A Dependent Society With Welfare

We live in a world of “Gotcha Journalism” that greases its wheels with quotes like the one in this video.  That is why I’m going to try to share it responsibly.  Bob Beckel, the “resident Liberal” at Fox News, made a startling comment today on The Five.  When briefly discussing entitlements, he said that Liberals had made a “terrible mistake” ...

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Is this the week the world economy bites it?

Ok, I know.. I haven’t written an honest-to-goodness analysis piece in awhile – but now.. the world is ending and I’ve noticed that no one else was writing about it.. well not just this moment .. We’ve been hearing that EU is going to crash any day now, that Americans are over-leveraged and as Conservatives we know all about the ...

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Anemic GDP Growth Fueled by Massive 4Q Trade Deficits

In a report from the U.S. Chamber of Commerce that relied on figures from the Census Bureau and the Bureau of Economic Analysis, it was announced that the U.S. trade deficit recently rose by more than 10% as total exports declined and imports increased substantially. This resulted in a trade deficit of a whopping 47.8 billion dollars for the month of ...

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U.S. Exports Hit More Than $175 Billion in November

WASHINGTON, Jan. 13, 2012  — The United States exported $177.8 billion in goods and services in November, 2011, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. Exports of goods and services over the last twelve months totaled $2.089 trillion, which is 32.64 percent above the level of exports in 2009. Over the last twelve months, exports have ...

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