The TARP program is no more. The Treasury Department issued its final report on the cornerstone project meant to save the US financial system from failure. “In light of the recently announced AIG restructuring…
It may seem to be an extremely modest start, but the Interior Department has approved two large-scale solar projects which will be the first ever build on public land. The Imperial Valley Solar Project,…
Reuters: George Soros says Germany has a deflation problem. Reuters: China helped keep the yuan’s value low by giving aid to Greece. Reuters: China ignored EU comments about the yuan. Reuters: Congress wants investigations…
Google Inc. (NASDAQ: GOOG) is testing the old “why buy the cow if the milk is free” cliché with the Android Mobile OS. The question remains whether the search engine giant will ever earn…
What does it mean that Aon Corp. (AON) is getting more calls from companies for compensation consulting? Well, according to a Bloomberg News story, the world’s biggest insurance broker sees this as a “great,…
The IMF (International Monetary Fund) says that trouble with the sovereign debt markets and a collapsed real estate market in America have undermined the global financial recovery. Based on its statements, the problems are…
The value of many of the most significant blogs have increased in the past year as the economy continued to improve and advertisers were willing to pay more to reach audiences online. Readership at…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Toshiba has introduced a 3D TV that does not require consumers to wear the odd glasses that people must wear to view movies using the technology. Many electronics companies say that 3D TV will…
Amazon.com (NYSE: AMZN) has begun to raise the price of some of its e-books above their paper versions. According to The New York Times, “Don’t Blink,” by James Patterson and Howard Roughan, whose publisher,…
Moody’s Investors Service placed Ireland’s Aa2 local currency and foreign currency government bond ratings on review for a possible downgrade. That means that global capital markets investors will force the nation to pay much…
The Bank of Japan did the unexpected. It cut policy interest rates to a range of .01% and zero. That program looks much like what the Federal Reserve and European Central Bank have done.…
Reuters: Bank of Japan moved rates to zero Reuters: September retail sales were probably up due to promotions. Reuters: Obama said the fiscal situation was untenable. Reuters: Twitter appointed a new CEO. Reuters: Google…
At the Annual Meeting of the Rhode Island Public Expenditure Council, Providence, Rhode Island, Fed chief Ben Bernanke continued to say that the federal deficit is a threat which grows by the day and…
The stock market had its best September since the days of Franklin Delano Roosevelt. Investors are wondering whether the good times will last. The answer, according to Wall Street analysts, is a qualified yes.…
The euro was under siege in the spring and sold down to $1.17. The S&P 500 rose during the same period from 1,100 in early April to 1,210 in late May. Wall Street expected…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
By John Tamny of Forbes It’s settled wisdom among Keynesian economists and their media enablers that tax cuts for the rich aren’t stimulative given the propensity among the rich to save. What they miss…
Updated throughout the day. Visa (NYSE: V) and MasterCard (NYSE: MA) are close to a settlement with the Justice Department over an antitrust probe. (WSJ) Kuwait will invest $1 billion in the AIA IPO…
Crude oil traded just above $70 a barrel in late August. That was its 52-week low. It has rallied 16% since then, and the rally may not have ended. There is a great deal…