Home >> Money & The Economy (page 80)

Money & The Economy

News on Finance, Money, markets and the economy

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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” ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Student Loans Seen as Next Casualty of Sluggish Economy

MINNEAPOLIS, Jan. 11, 2012 /PRNewswire/ — FICO’s quarterly survey of bank risk professionals found growing concern for the stability of the student loan market and deepening fears about the nation’s housing sector. The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), shows that bankers expect delinquencies on most types of consumer loans to rise, balances on credit cards to ...

Read More »

Joblessness Among Young Veterans Rises Above 13 Percent in December 2011

WASHINGTON, Jan. 9, 2012 /PRNewswire-USNewswire/ — Data released by the Bureau of Labor Statistics indicates that joblessness among young veterans ages 18-24 was 1 in 3 for the last quarter of 2011, up from 1 in 5 in the last quarter of 2010. The overall unemployment rate for young veterans inDecember 2011 rose to 13.1 percent. As reported in USA Today: “One out of three ...

Read More »

U.S. Online Holiday Shopping Season Reaches Record $37.2 Billion for November-December Period

RESTON, Va., Jan. 4, 2012 /PRNewswire/ — comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported that retail e-commerce spending for the entire November – December 2011 holiday season reached $37.2 billion, marking a 15-percent increase versus last year and an all-time record for the season. Ten individual shopping days this season surpassed $1 billion in spending, led by Cyber Monday – which ranked ...

Read More »

HR 2977 – The Epitome of the Socialist Mentality

‘Tis the season to be jolly, and if you are Congress, it is also the season to stuff as many pet projects into the next omnibus spending bill as you possibly can. Of course they seem to do this 365 days a year. There is one measure, however, lurking in the recessed corners of Capitol Hill that, I believe, is ...

Read More »

Sears and Kmart stores to close due to declining sales

Sears Holdings Corporation reported that it would close up to 120 of its Sears and Kmart stores as it goes through a transformation. Both Kmart and Sears stores have seen serious drops in the quarter over quarter numbers and year over year financials: QTD YTD Kmart -4.4% -1.8% Sears Domestic -6.0% -3.3% Total -5.2% -2.6% The declines have been blamed ...

Read More »

The Fourth Quarter Starts with Broad-based Declines in Home Prices

NEW YORK, Dec. 27, 2011 /PRNewswire/ — Data through October 2011, released today by S&P Indices for its S&P/Case-Shiller[1] Home Price Indices, the leading measure of U.S. home prices, showed decreases of 1.1% and 1.2% for the 10- and 20-City Composites in October vs. September. Nineteen of the 20 cities covered by the indices also saw home prices decrease over the month. The 10- ...

Read More »

Boehner Buckles On Tax Cut Extension

After immense pressure from not only Democrats, but House and Senate Republicans as well, Speaker Boehner agreed to a new deal for the 2 month payroll tax extension. It was major change of decision ending an intense standoff with Democrats. Boehner, who appeared unhappy with deal, said  “Kicking a can down the road for a couple of months does cause ...

Read More »
echo 'Sponsored Content'; echo '
';
Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!