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Recent Posts
Whose side is Obama on?
There is much to be thankful for this holiday, including the fact that we live in a country that has been remarkably good-natured, generous and pragmatic in the face of a nasty economic crisis. The rates of unemployment and under-employment have alre...
Federal Reserve Sees Firmer U.S. Growth
Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed. Senior Fed officials, meeting on November 3-4, also e...
Existing Home Sales Jump as Prices Fall
Sales of existing U.S. homes jumped 10 percent in October to the highest level since February 2007 as Americans rushed to take advantage of a tax credit, cheaper properties and lower mortgage rates. Purchases rose more than forecast to a 6.1 million ...
Charity is an insult to small business
Goldman Sachs, the most profitable firm on Wall Street, announced last week that it will set aside $500 million for “10,000 Small Businesses,” a charity co-sponsored by famed investor Warren Buffett and devoted to helping small American b...
Without Job Creations, the Economy Remains Murky!
According to the U.S. Department of Labor, the seasonally adjusted initial jobless claims for the week ending on November 14, 2009 equaled the number for the week ending on November 7, 2009. While fewer layoffs are welcomed news to the U.S. economy, ...
Financial woes seen limiting U.S. economic rebound
The U.S. banking industry may have pulled back from the brink, but finance executives say they still face hurdles that will tighten credit and delay an economic rebound. In recent months the industry has shown signs of recovery from the worst recessi...

