Wall Street News: Gold Prices Break The $1400 Barrier
Gold futures soared over $1400 amid the fears of mounting sovereign debt in Europe and the uncertainty surrounding currency talks at the G20 summit. Further fueling the rise of gold was a statement by...
View ArticleUnemployment: GE (NYSE: GE) Expanding Operations – In Brazil
While unemployment hovers near 10 percent in the United States, General Electric (NYSE: GE) announced that it will be investing $500 million to expand its manufacturing base in Brazil. The expansion...
View ArticleFederal Deficit: Obama’s Fiscal Commission’s Plan To Reduce It
President Obama’s fiscal commission has issued an initial proposal to reduce the federal deficit. For the year 2012 spending cuts are suggested to lower the deficit by $4 trillion during the next...
View ArticleThe Fed: QE2 Could Be Extremely Costly In Economic Terms
Ben Bernanke, aka “helicopter Ben” has pledged to purchase $600 billion in government bonds to boost the economy. He also hinted that QE3 and beyond are very possible. This means an increase in money...
View ArticleStock Market: General Motors Earns $2 Billion In Q3
General Motors (NYSE: GM) announced third quarter earnings of $2 billion on Wednesday. The company has not seen as profitable a quarter in over a decade. Company officials were also optimistic that...
View ArticleTier V Unemployment Extension: Rally Planned For Tomorrow In Manhattan
Organizers pushing the passage of The Americans Want to Work Act, that would create a fifth tier of benefits for those who have exhausted the present 99 weeks of benefits currently available. Residents...
View ArticleBlack Friday Ad Leaked – Are Target Deals Too Good To Be True
Tradition is a large part of the holiday season in the U.S. There is the turkey, or ham if you prefer, cranberries, family get togethers…you know the routine that many are saying is becoming much too...
View ArticleStock Market Reports: Disney, ABC, Do Well – ESPN Drops The Ball
Disney, although not hurting as much as the United States automakers, has had a hard time with the United State economy. Third quarter reports show that the company has found a bright spot in its...
View ArticleNancy Pelosi: Can She Become the New Minority Leader
After last week’s volcanic eruption, that swept the ground from the Democrats, Nancy Pelosi has announced she wants to become the minority leader in the new Congress. The midterm election was one of...
View ArticleUnemployment Extension And Tier V: There Is A Difference
I read somewhere an off-hand remark by a reader on a post somewhere concerning the writers seemingly misunderstanding of the legislative unemployment issue being discussed in the post. After carefully...
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