Ben Bernanke and the FOMC have decided to keep rates at roughly zero-percent all over again. The good news here is that we are seeing more hints that the end of QE2, quantitative easing, will…
Congress and the Administration may finally be under the outside pressure to deal with the budget deficit that has not been bought upon them by voter sentiment, economist comments, or concerns from the Federal…
Twitter has, by most estimates, 175 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…
Amazon.com (NASDAQ: AMZN) is so upset by the prospect that it must collect state sales taxes on items it sells that it will desert its operations in Dallas because Texas sent it a bill…
Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, would like the central bank to get out of the QE2 business as soon as possible. He offers a number of…
Americans continue to protest cuts in Social Security as a means to bring down the national deficit. It appears that some expect payments to be lower. A new Gallup polls shows that retired people…
The Federal Reserve issued one of the wonderfully detailed reports that only government agencies can create that tells Americans the extent of their poverty. The only weakness of the report is that the most…
The Bureau of the Census said Detroit lost 26% of its population over the last decade. That brought the number of people within its borders to 713,777. The New York Times pointed out that…
France gets almost 80% of its electricity from nuclear power. It is also the world’s largest net exporter of electric power with Italy, the UK, Belgium, and Germany as its largest customers. While Japan…
As you might have guessed ahead of time, Ben Bernanke and the FOMC decided to leave the target Fed Funds Rate unchanged at the 0.00% to 0.25% that has been in place for what…
US stock markets may continue to make an assault on their all-time highs as the year goes along. The DJIA trades at 12,000 not so far from its 2007 peak of 14,000. A number…
Unemployment is rising. Or, it may not be. New applications for jobless claims fell 20,000 from last week to 368,000. That is the lowest level in three years. A new Gallup poll which tracks…
CNBC points out that polls in Greece show an increase in an “I Don’t Pay” movement. Greek citizens cannot do much anytime soon about government expenditure cuts. They may eventually vote out the ruling…
The Fed’s Beige Book, which looks at economic activity in the central bank’s regions, did not have much to add to the country’s hope for a recovery. It did not have much to despair…
Ben Bernanke does not like deficits and increases in the national debt. He also believes that the economy needs to be stimulated which is why he continues to maintain his faith in QE2. The…