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Money & The Economy

News on Finance, Money, markets and the economy

The Obama Effect

The following chart shows a comparison of prices of certain commodities from January, 2009 when Obama took office to the prices of the same commodities in January, 2011.             Sourcing is footnoted.             Leftist should take a lot of tranquilizers before reading this chart. Just take this last item: In the last two years we have accumulated national debt at ...

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Progressive U.S. Senate Piles on the Debt with 2012 FEMA Bill.

Pretty much everyone in the country wants to fund FEMA ( Federal Emergency Management Agency) to ensure the money is there to help the areas of America that need to recover from the numerous natural disasters of late. Hurricanes, tornadoes, and the subsequent flooding from them have left many towns ravaged and they are in need of federal dollars to ...

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House Republicans Pass Highway (to Hell) Bill by Voice Vote

Yesterday, Sept. 14, 2011 should be marked as an eye-opening day of revelation for conservative voters across the nation that handed the U.S. House of Representatives to the GOP in the historic 2010 elections. Why should this day be such an eye-opener? Well, this is the day that Republicans used the Liberal trickery that we have seen for the past ...

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Greece's Departure From the Euro Seems Inevitable

NEW YORK, Sept. 14, 2011 /PRNewswire/ — Removing Greece from the eurozone might be the best solution to ending the uncertainty and volatility in the European markets and would remove one of the biggest hurdles impeding an economic recovery in Europe, according to a white paper from Newton*, theLondon-based global asset manager that is part of BNY Mellon Asset Management. “We have believed for some ...

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Fannie Mae Redemption

WASHINGTON, Sept. 12, 2011 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: Principal Amount Security Type Interest Rate Maturity Date CUSIP Redemption Date ...

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U.S. Exports Hit $178 Billion in July

WASHINGTON, Sept. 8, 2011 /PRNewswire-USNewswire/ — The United States exported $178 billion in goods and services in July 2011, an all-time high, 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 $2.005 trillion, which is 27.3 percent above the level of exports in 2009.  Over the last twelve months, ...

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Funded Status of U.S. Pensions Falls to 78.0 Percent in August

BOSTON, Sept. 7, 2011 /PRNewswire/ — The funded status of the typical U.S. corporate pension plan in August fell 5.6 percentage points to 78.0 percent as pension plans were affected by both falling assets and increasing liabilities for the second month in a row, according to monthly statistics published by BNY Mellon Asset Management. The typical plan is now at its lowest ...

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Zero JOBS! Obama Off to Camp David

14 million Americans remain unemployed in the U.S., a number that is unchanged from July. As a Bureau of Labor Statistics report stated today, the economy created exactly zero jobs for the entire month of August signalling the failure of the current administration’s economic policies. In reponse to the zero job growth, White House economic advisor Gene Sperling said, “This president ...

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Study Projects Major Growth for Heavy Crude Oil, Evaluates Potential and Challenges for Next 25 Years

HOUSTON, Sept. 1, 2011 /PRNewswire/ — Global production of heavy crude oil, led by new output fromCanada, Venezuela and the Middle East, will rise to 12.3 million barrels per day by 2020. This estimate is drawn from short-term and medium-term projections in Hart Energy’s Heavy Crude Oil: A Global Analysis and Outlook to 2035. The latest edition of the just-released annual study shows even greater production ...

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Demand for Bilingual Workers Creating Hundreds of New Jobs Along Border

Rio South Texas region lands another large call center. EDINBURG, Texas, Aug. 31, 2011 /PRNewswire/ — Citing demand for a bilingual workforce, Maximus, Inc. has just opened a new customer contact center in Edinburg, Texas, along the US/Mexico border. Up to 400 local job-seekers are expected to be hired by the end of 2012. Edinburg is one of the communities that make up Rio South ...

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New-Vehicle Retail Sales Volume Deteriorates as August Closes

WESTLAKE VILLAGE, Calif., Aug. 31, 2011 /PRNewswire/ — The August new-vehicle retail sales pace has declined sharply during the second half of the month, as the impact of negative variables—weak consumer confidence, delayed purchases in the hopes of bargains, and inclement weather—take hold, according to J.D. Power and Associates, which gathers real-time transaction data from more than 8,900 retail franchisees throughout the United States. ...

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Small Town Company Thrives Against All Odds

Fighting Diabetes and a Bad Economy at the Same Time SIERRA MADRE, Calif., Aug. 31, 2011 — In the quaint little town of Sierra Madre, one budding business just joined the ranks of companies such as Microsoft and Oracle. By helping hospitals all over the country, Wound Care Advantage has reached #316 on Inc. Magazine’s “500″ list of the nation’s fastest-growing companies. ...

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A Limited Edition T-Shirt for $50,000.00, Who Says the Economy Is Bad?

20 Collectible, Numbered T-shirts to Be Produced by 50K Tees with a Portion of the Proceeds Being Donated to a Charity of the Buyer’s Choice NEW YORK, Aug. 31, 2011 — When a performer asked designer Daniel J to make a T-shirt that no one had seen before, he had an idea for T-shirts so rare that only the economic ...

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New Mobile Technology Transforms How America’s Workers Save for Retirement

Innovative Financial Advisors pilot cutting-edge process resulting in dramatic improvements in retirement savings SANTA ROSA, Calif., Aug. 31, 2011 — According to The Employee Benefit Research Institute, in their 2011 Retirement Confidence Study, fully 70 percent of American workers say they are not where they need to be with their retirement savings. Less than half of workers (42 percent) report ...

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Sixty-Nine Percent of Business Owners Do Not Plan on Hiring Within the Next Year

NEW YORK, Aug. 31, 2011 /PRNewswire/ — Newtek Business Services, NASDAQ: NEWT, The Small Business Authority’s Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of approximately 1,100 respondents, one of the key findings from the August survey was that 69 percent of small business owners do not plan on hiring.  Two other questions in ...

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