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,...
Americans lose and waste more money per capita than any other nation, worse yet, most don’t even know they are doing it.  Here’s a list of the most common ways you may be wasting your hard earned money.  Instead, consider putting it into saving for emergencies or future purchases...
Washington, D.C. - According to the U.S. Mint, it now costs 2 cents to make 1 penny, so instead of spending your pennies, go trade them in for cash at your local metal scrap yard? Ok, that won't exactly work out so well for you after you figure in the profit...
Minneapolis based Target has said it will make its temporary holiday policy of price matching its competitors permanent following disappointing holiday sales. Target is the nations second largest discount retailer after Walmart but widely considered a step up in quality of products and customer service. The new policy is effective immediately...
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...
Mozilla had confirmed reports that it, along with Foxconn, are jointly building a new Smartphone or Tablet with their own operating system. Mozilla is the maker of Firefox and is the world's largest not-for-profit software maker and Foxconn is the world's largest electronics manufacturer according to revenue, building popular Apple,...
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,...
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...
Washington, D.C.- The nation's unemployment rate jumped sharply due to Hurricane Superstorm Sandy, up 78,000 to a seasonally adjusted 439,000. That was well above analyst's expectations of 375,000. States in the mid-Atlantic and Northeast have reported significant new jobless claims following Sandy while the rest of the nation continued on its...
June 8th, 2011 - An unlikely party has waded into the U.S. national debt debate, China.  In an unexpected warning, China’s Li Daokui warned congressional Republicans to stop playing politics with the debt and raise the debt ceiling.  But why does China care about the U.S. Debt? China is currently the...