US to slap Chinese ‘cyber-plunderers’ with economic sanctions
The US is to impose economic sanctions against Chinese companies and individuals they believe to have profited from cyberespionage against America, reports the Washington Post....
Posts Tagged: "Economy"
Wall Street closes down 3.6%, worst plunge since 2011
US stocks closed with the Dow Jones Industrial Average down 588 points, recovering from the shocking plunge of...
Dow Jones, Nasdaq face worst weekly losses in 2011 after yuan devaluation
The Dow Jones industrial average suffered its worst loss in five years after the market plunged into a...
Fed announces no interest rate hike
The US Federal Reserve will not be hiking interest rates, it indicated in a statement on Wednesday following a two-day meeting. The statement doesn't change...
1 in 5 US children live below poverty line, more than during Great Recession
Around 22 percent of American children lived below the federal poverty line in 2013, up from 18 percent...
Oil price plunges after ‘No’ vote in Greece, impending Iran deal
Oil prices fell 7 percent on Monday in the worst single-day decline in three months after Greece’s Sunday...
Greece has no money to make IMF payment, interior minister says
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF), as the country has no money to...
Senate passes bill granting Obama ‘fast-track’ TPP authority
The US Senate passed a controversial “fast-track” trade bill in a 62-37 vote on Friday. It is a...
It Is Mathematically Impossible to Pay off All of Our Debt
Did you know that if you took every single penny away from everyone in the United States that...
Dept. of Homeland Security shutdown looms, would idle 15% of workforce
In a move that could have ramifications for domestic anti-terrorism efforts, US House Speaker John Boehner said he...
China and Russia to launch new credit rating agency in 2015
The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody's, S&P and Fitch, and its first rating will...
Total US debt soars to nearly $60 trn, foreshadows new recession
America - its government, businesses, and people - are nearly $60 trillion in debt, according to the latest...
New EPA Regulations Set to Take Drastic Toll on Economy
EPA draft regulations released this week mandate power plants cut carbon emissions by 30 percent by 2030. According...
Israel Eyes Becoming a Cashless Society
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with...
Oklahoma prohibits towns from setting own minimum wage standards
No city or county in Oklahoma will be allowed to set their own mandatory minimum wage or employee...
Inequality gap between super rich and poor continues to widen
Things aren’t getting much better for the gap between America’s rich and poor: a new study reveals that...
Yet another banker jumps to his death: Patterns emerging?
By Joseph P. Farrell Many of you continue to send me articles, and for this I thank you, and I wish I had the time...
Washington Is Creating Jobs in China, Not America
By BENJAMIN CLEMENT The thing American politicians like about a free market is that it allows them to...
1971 Cost of Living
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Deep divisions over TPP as US pressures to close controversial deal – WikiLeaks
The US is ramping up pressure to secure a Trans-Pacific Trade Deal with conditions that could undermine the...
US government “profits” from student loans in 2013 surpassed $41 billion
The US government made enough profit off of student loans in the last year to provide full Pell Grants of over $5,600 to 7.3 million...
FED official responsible for quantitative easing: ‘It was the greatest backdoor Wall Street bailout’
A former Federal Reserve employee responsible for managing the agency’s quantitative easing program has written an op-ed apologizing...
Plan B: Central banks getting ready for financial Armageddon
If the US debt-ceiling debate goes past the eleventh hour, and the default of the world’s largest economy...
Key creditor China begins acting to hedge against US default
Hong Kong has sent the first sign from Asia that the region is creating extra financial buffers against a possible default in the US. China...