Browsing All Posts filed under »Stocks«

Post-recession unemployment ‘scariest ever’ job chart show its worst than WW2

December 6, 2010

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As unemployment in the U.S. nears the dreaded 10 per cent mark, it is a chart to chill the bones of any job hunter. Comparing previous recoveries from all 10 American recessions since 1948 to the current financial crisis, the stark figures show almost no improvement in employment figures in the past year. Some commentators […]

Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

December 2, 2010

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The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009. The Fed’s efforts to prop up the financial sector […]

Obama administration reimposes offshore oil drilling ban

December 1, 2010

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Interior Secretary Ken Salazar announced Wednesday afternoon that the Obama administration will not allow offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts as part of the next five-year drilling plan, reversing two key policy changes President Obama announced in late March. President Obama talks about endorsing expansion […]

Federal Reserve’s ‘astounding’ report: We loaned banks trillions

December 1, 2010

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The Federal Reserve offers details on the loans it gave to banks and others at the height of the financial crisis. One program alone doled out nearly $9 trillion. The numbers are staggering, encompassing more than a dozen emergency programs set up starting in 2007 or 2008. In one program alone the Fed doled out […]

Bernanke warns on long-term unemployment

November 30, 2010

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Federal Reserve chairman Ben Bernanke on Tuesday warned current high levels of unemployment could become entrenched and have a “very long-term effect” on the US economy. Describing job creation as “probably the most important economic issue facing America today,” Bernanke cautioned on the risks of long-term unemployment during a debate in Ohio. With nearly 40 […]

Next Tea Party Target: Corporate America

November 26, 2010

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Jesse Jackson isn’t the only activist that can use corporate boycotts for political purposes. Starting next year, the huge Tea Party organizer FreedomWorks will urge supporters to punish huge corporations like General Electric and Johnson and Johnson for backing President Obama’s progressive agenda. In an exclusive review for Whispers of their plan, FreedomWorks president Matt […]

Why you should be extremely scared by China’s food price inflation

November 22, 2010

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If you listen to the Fed, inflation is non-existent, especially when you strip out “volatile” items like food. That’s fine and good, as long as you don’t have to eat… But, of course, everybody has to eat; that’s why policymakers around the world were alarmed by China’s recent CPI report, which showed food prices rose […]