
According to a new study by Bankrate.com, over half of Americans cannot financially handle a bill of $500 or more. 63 percent said they would be unable to handle an unexpected expense.
by William Bigelow6 Jan 2016, 5:42 PM PST0

On Tuesday, European stock markets rose slightly early in the morning after a steep decline in China’s market Monday took global stocks spiraling after it. In early gains, Paris rose 0.36%, Frankfurt 0.31%, Milan 0.94% and London 0.71%, while the
by Thomas D. Williams, Ph.D.5 Jan 2016, 2:52 AM PST0

A recent Gallup survey finds 16 percent of respondents say that government – whether it was President Obama or Congress – was the country’s largest problem last year.
by Alex Swoyer4 Jan 2016, 7:24 AM PST0

GOP presidential candidate Dr. Ben Carson, whose campaign is adjusting to new aides in key positions, released Carson’s plan “for reforming America’s convoluted and systematically unfair tax code.”
by Alex Swoyer4 Jan 2016, 7:09 AM PST0

GOP frontrunner Donald Trump declared Democrat presidential candidate Sen. Bernie Sanders (I-VT) lied when saying Trump thinks wages in America are too high, and that he could win over Trump supporters.
by Alex Swoyer27 Dec 2015, 8:17 PM PST0

WASHINGTON (AP) — The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans.
by Breitbart News16 Dec 2015, 12:37 PM PST0

New York’s Top Democrats have identified the causes of the mass opposition to illegal immigration and Syrian resettlement: Anger, fear, and Ronald Reagan’s 1980 election.
by Spyridon Mitsotakis14 Dec 2015, 9:40 PM PST0

For the first time since 2006, terrorism ranks higher than the economy as a concern for voters, according to a new CBS News poll. These are red-alert crisis numbers for Democrats going into the 2016 election. Conversely, a CBS poll conducted with the New York Times this morning cited mounting concerns about terrorism as one reason for Donald Trump’s commanding lead in the Republican primary.
by John Hayward10 Dec 2015, 8:48 PM PST0

According to an analysis published at Rudaw, the Islamic State’s books include $80 million per month in revenue from taxes, confiscating property, drug smuggling, oil sales, selling electricity to captive populations, kidnapping for ransom, and even old-fashioned banditry, such as bank robberies.
by John Hayward9 Dec 2015, 4:46 AM PST0

The pace of U.S. labor-force growth over the next ten years will slacken, retarding the growth of the U.S. economy, according to the Labor Department.
by William Bigelow8 Dec 2015, 8:55 PM PST0

GOP presidential candidate former Arkansas Gov. Mike Huckabee says “it’s a real tragedy” there are more foreign born workers in the United States “when an increasing number of Americans can’t find jobs.”
by Alex Swoyer4 Dec 2015, 12:32 PM PST0

The Bureau of Labor Statistics reports that in November 56,295,000 women (ages 16 and older) were neither employed nor had looked for a job in four weeks. The number represented a decline of 245,000 from October’s level and a decline of 352,000 from September’s record level of 56,647,000 women not in the workforce.
by Caroline May4 Dec 2015, 8:02 AM PST0

Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.
by Warner Todd Huston1 Dec 2015, 9:09 PM PST0

The problem facing Democrats as they roll into the 2016 election cycle is that the economy has improved just enough for the Federal Reserve to kill it with an interest-rate hike.
by John Hayward1 Dec 2015, 1:03 PM PST0

One of the comforting thoughts for observers of the escalating conflict between Russia and Turkey is that both have solid economic incentives to avoid escalating too much. This was emphasized by a 4.39 percent drop in the Turkish stock market, accompanied by the highest five-year debt insurance costs in several weeks, and the Turkish lira sliding 0.6 percent against the dollar.
by John Hayward26 Nov 2015, 10:13 AM PST0

Turkey could lose billions in all sectors of their economy after the government shot down a Russian jet on the Turkey-Syria border. Tourism might be the first to suffer, as the country hosts over 4 million Russian visitors a year.
by Mary Chastain25 Nov 2015, 2:12 PM PST0

LONDON (Reuters) – Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday. Each year billions of pounds of dirty money
by Reuters23 Nov 2015, 1:11 AM PST0

GOP presidential candidate Carly Fiorina says she’s against the Trans Pacific Partnership (TPP) trade deal that was recently made public.
by Alex Swoyer9 Nov 2015, 6:01 AM PST0

“Pain is part of life” is not what the culture of 2015 wants to hear, and it’s bound to raise sarcastic chuckles as the impromptu slogan of Bush’s presidential campaign… but he’s right, and the quest to avoid pain has gone far beyond the point of diminishing returns. This is true of every form of discomfort – from physical and emotional pain, to economic anxiety and the “trigger words” culture of hyper-sensitivity on campus.
by John Hayward5 Nov 2015, 12:24 PM PST0

The death rates for middle-aged whites in America is increasing, reversing a decades-long decline, says a new released analysis of national statistics.
by Warner Todd Huston2 Nov 2015, 6:25 PM PST0

GOP 2016 candidate Carly Fiorina says Democratic frontrunner Hillary Clinton “flunks economics” if she believes the economy is better with a Democrat in the White House. “Whose economy is she talking about? The middle class has shrunk under the Obama administration,” Fiorina responded in an op-ed in the Wall Street Journal.
by Alex Swoyer27 Oct 2015, 8:13 AM PST0

Analysts were expecting well over 200k new jobs for September – which isn’t really all that great, but at least it’s enough to keep pace with population growth. Instead, we got 142k new jobs, the past few months were revised downward, wage growth remained flat, and the labor force shrank by another hair-raising 350k, knocking workforce participation down to 62.4 percent.
by John Hayward5 Oct 2015, 12:40 PM PST0

Democratic presidential candidate and former Secretary of State Hillary Clinton said “we haven’t seen” “the recovery of incomes” under President Obama in an interview broadcast on MSNBC’s “MTP Daily.” Hillary stated, “President Obama inherited the worst financial crisis since the
by Ian Hanchett28 Sep 2015, 4:01 PM PST0

Pope Francis took advantage of his historic address to the U.S. Congress to lecture politicians on the importance of wealth creation for lifting the poor out of poverty.
by Thomas D. Williams, Ph.D.24 Sep 2015, 7:44 AM PST0

Everyone knows that Pope Francis is capitalism’s number one critic, and he has been waiting for his U.S. visit to scold Americans on the economy, right? Not so fast. The fact is, that Francis has never been an enemy of capitalism and actually believes the free market is a good thing, as long as it has “limits.”
by Thomas D. Williams, Ph.D.22 Sep 2015, 7:50 PM PST0