Washington, D.C. - The U.S. Economy added 171,000 new jobs for the months of October and the consumer price index rose to its highest level in for years, both good signs that show Americans are ready and willing to start spending again. The unemployment rate, however, rose from 7.8 to 7.9...
Washington, D.C. - According to a federal review by six federal agencies, net oil imports to the U.S. is down 10% from last year and is on track to meet President Obama's pledge to reduce foreign dependence on oil by one third within 10 years. Meanwhile, domestic production is up,...
London, U.K. - Germans have reacted with visible anger as Britain decided not to join the new EU Fiscal Treaty, dubbed the "Merkozy" plan by pundits. Alexander Graf Lambsdorff, head of Germany's FDP group, part of the European Liberals, goes as far as to say it was "a mistake to let...
San Francisco, CA - Bank of America, the nation's largest bank, said it will be cutting 40,000 jobs, or 1 in 6 of their total employees, in an effort to cut costs and survive a crushing amount of toxic mortgages it has had to buy back, having already depleted most...
Despite fines, tax penalties, and other regulatory burdens, nearly 9% of employers surveyed said they intend to end company health insurance for its employees. They plan to end the benefits in 2014 once the health care exchanges, a product of President Obama's health care reform laws, are up and...
The 45,000 Verizon Wireline workers that went on strike on August 6 have decided to return to work on Monday, without a new contract and no guarantee of any benefits. Feeling the pressure from half of all its Wireline workers out on strike, Verizon decided to extend the current contract...
Vice President Joe Biden told university students, on his fifth day during a visit in Chengdu in southwest China, that Chinese investments are safe. "Please understand that no-one cares more about this than we do since Americans own 87% of all our financial assets.  We have an overarching interest in protecting the investment,...
Are the days of "true" banking long gone, replaced by "service providers" who charge you to use your own money? Back in the day, a customer could deposit money into a bank where the money would be safe and insured.  They could later withdraw any portion of it for any...
Late Thursday afternoon the White House and House Speaker John Boehner office both said reports of a possible deal are not true. Washington, D.C. - Word has been slipping out that a deal on raising America’s debt ceiling and reducing the debt is in the works in order to avoid a...
The West Coast Green Project, an initiative being rolled out by the federal government and private companies will start installing electric car charging stations on I-5 from Oregon, through Seattle and on to the Canadian border, to be ready for use by the end of the year. In conjunction but...