A recent study has indicated that the Hispanic population may have suffered worst of all from the recent economic downturn. According to the latest insights made public by the Pew Foundation, Hispanic families experience the largest decrease in wealth, with the average household total dropping as much as 66% between 2005 and 2009. Black families [...]
The big blackboard, fully automated tears and evening servings of conspiracy, anger and doomsday predictions are to become a distant memory…as Glenn Beck has stepped away from his largest media platform as of Thursday. After something of a meteoric rise to fame and a stretch of 30 rather turbulent month, his run on the Fox [...]
The vice governor of the Czech central bank says that the euro will weather the current storm, but the currency’s performance won’t match his country’s own sound policies, he says. Mojmir Hampl indicated he has always been skeptical of the idea that the euro zone offered some sort of guaranteed security, and his confidence has [...]
Wolfgang Kubicki, Chairman of Germany’s Free Democratic Party in the northern German state of Schleswig-Holstein, recently made comments comparing his political party’s current situation to that of East Germany in its final days. The party has been trying to downplay those remarks ever since, with Economic Minister Rainer Bruederle today weighing in on the comments [...]
US President Barack Obama signaled a major shift in direction this week by agreeing to compromise with Republicans on extending the Bush tax cuts. Obama agreed to go along with extensions for all Americans, and Republicans agreed to go along with an extension of unemployment benefits. The agreement also touches on changes in Social Security [...]
Unemployment in the United States still nears 10 percent and shows little or no significant improvement from a year ago. The only recession America has faced since 1948 that took the country longer to recover from was the 2001 recession, and then the total percentage of jobs lost hit only two percent, as opposed to [...]
The European financial community got behind a compromise on sovereign bailouts put forth by France and Germany. The new compromise backs off Angela Merkel’s previous call for investors to assume losses along with taxpayers. The proposal is meant to fix the problem posed by so-called “collective action clauses” found in debt instruments to be issued [...]
China recently rejected an American report calling for an appreciation of the value of the Yuan as an unwarranted interference in Beijing’s sovereign decision-making. Hong Lei, a spokesman for the Chinese Foreign Ministry, said the American report demonstrated a “Cold War mentality” and called for “greater efforts to build mutual trust and cooperation” between the [...]
Jesse Ventura, former pro wrestler and governor of Minnesota, and current host of the TruTV show Conpiracy Theory with Jesse Ventura, has said that he will no longer fly on commercial airlines because of TSA security policies. Ventura, who must travel frequently for his job, said he realized that he had gotten used to being [...]
Less than a year and a half after filing for bankruptcy and receiving a federal bailout, GM raised more than $20 billion dollars with its $33-a-share price announced Wednesday evening. It was the most money every raised the first day a stock was offered. A lot of interest from many investors made it possible for [...]
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