Posts Tagged ‘Economy | Finance’

Republicans have repeated the lie that tax cuts are always good for the economy so often that all of Washington seems absolutely convinced that it’s true. The conventional wisdom is so established on this that all a Republican has to say is, “Everyone knows you don’t raise taxes in the middle of a recession…” Or [...]

The Senate on Sunday passed a $1.1 trillion spending bill with increased budgets for vast areas of the federal government, including health, education, law enforcement and veterans’ programs. The more-than-1,000-page package, one of the last essential chores of Congress this year, passed 57-35 and now goes to President Barack Obama for his signature.

Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federation the humiliation of an imminent default by one of the struggling Arab boomtown’s star companies. The bailout was about more than petrodollar transfers from one United Arab Emirates sheikdom to the [...]

A T-shirt a day has kept unemployment at bay for an American man who is making about $85,000 a year by selling advertising space on his torso. Jason Sadler, 26, a former marketing professional from Florida, founded his own company, www.iwearyourshirt.com, in 2008 with the idea to wear a T-shirt supplied by any company and [...]

The unemployment rate has surpassed 10 percent for the first time since 1983 — and is likely to go higher.

U.S. President Barack Obama warned on Monday that more U.S. job losses lay ahead despite a turnaround in the economy, and he called for a new “post bubble growth model” with greater focus on U.S. exports.

A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.

As the dollar’s dominance fades with the emergence of a multipolar world, gold may stand to gain the most of all assets thanks to an unlikely quality — neutrality.

In the best of times responding to a job listing can feel like sending your resume out to sea in a bottle. But at least you received a call or an email acknowledgement. Now, with the volume of applicants higher than ever, you’re more likely to hear nothing.