Top Stories for the tag "economy" voted on by you! RSS feed July 24, 2008

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This story has mostly positive ratings. 3 votes / No sinks

Data paint stagflationary picture

Money – Weak retail sales and a rise in producer prices at their highest annual rate in 27 years provided further evidence of "stagflation" in the U.S. economy on Tuesday.

This story has mostly positive ratings. 6 votes / No sinks

Oil falls amid concerns economic woes will cut demand

News – Oil prices plummeted Tuesday, down as much as $9.26 a barrel, as investors feared that the nation's financial woes could cut into demand. Light, sweet crude fell $6.35 to $138.83 a barrel in electronic trading…

This story has mostly positive ratings. 10 votes / No sinks

great news, Bush Says He's Prepared to Reassure Markets,…

Money – Seeking to restore confidence in the nation's ailing economy and financial sector, President George Bush acknowledged Tuesday it is a "tough time" for many Americans, but said his administration was prepared to…

This story has mostly positive ratings. 23 votes / 1 sink

Rewarding the Bubble's Enablers

Money – Why the Bail Out of Freddie Mac and Fanny Mae is Bad Economic Policy

Inflation Illustrated
This story has mostly positive ratings. 42 votes / 1 sink

Inflation Illustrated

Money – In Peru, Inflation left the economy in shambles, not to mention the social cost in terms of terrorism and crime. When will humanity learn?

This story has mostly positive ratings. 12 votes / No sinks

McCain's tax cuts will not spur economic growth

Politics – The Bush years prove that John McCain's plan to cut taxes on the wealthy won't promote economic growth.

This story has mostly positive ratings. 17 votes / No sinks

Financial markets under heavy stress: Bernanke

Money – Restoring financial market stability is a top priority for the U.S. Federal Reserve as a weakening housing market, tighter credit and rising oil prices threaten the economy, Fed Chairman Ben Bernanke said on Tuesday.…

This story has mostly positive ratings. 12 votes / No sinks

The Great Depression of 2008

Money – Until last week, most economists were divided on whether the U.S. was in a recession or not. Now, with the ailing mortgage agencies Fannie Mae and Freddie Mac on the ropes, it's clear that what's unfolding is far…

This story has mostly positive ratings. 20 votes / No sinks

Wholesale Inflation Is At Worst Level In 27 Years

Money – Over the past 12 months, wholesale prices are up 9.2 percent, the largest year-over-year surge since June 1981, another period when soaring energy costs were giving the country inflation pains.

This story has mostly positive ratings. 15 votes / No sinks

U.S. Stocks Brace For Big Slide

Money – U.S. stocks headed for a sharply lower open Tuesday as investors grappled with increasing fears about the financial sector, including the prospect of bank failures.

This story has mostly positive ratings. 15 votes / No sinks

UK Inflation reaches a record high

Money – Bank of England policymakers have been dealt a fresh blow after surging food and petrol prices pushed inflation to a new record during June. The Consumer Prices Index (CPI) jumped to 3.8% last month from 3.3% -…

This story has mostly positive ratings. 10 votes / No sinks

Nervous Depositors Fret Over IndyMac Crash

Money – Worried customers with deposits in excess of insured limits flooded IndyMac Bank branches on Monday

This story has mostly positive ratings. 2 votes / No sinks

Bush lifts offshore drilling ban

News – President George W Bush has lifted an executive ban on drilling for oil in most US coastal waters, and has urged lawmakers to follow suit.

This story has mostly positive ratings. 21 votes / No sinks

As economic distress deepens, McCain has toughest climb

Politics – No matter what people call the economic downturn - whether or not they use the r-word - there is no question that the situation is worsening for communities across America. And the bumpy road is going to affect…

This story has mostly positive ratings. 23 votes / No sinks

As economic distress deepens, McCain has toughest climb

Politics – No matter what people call the economic downturn - whether or not they use the r-word - there is no question that the situation is worsening for communities across America. And the bumpy road is going to affect…

This story has mostly positive ratings. 21 votes / No sinks

Stocks dip despite rescue plan

Money – Stocks slipped near midday Monday, led by the Nasdaq, as investors welcomed the government's plan to rescue Fannie Mae and Freddie Mac, but remained nervous about the economy and the health of financial markets.

This story has mostly positive ratings. 3 votes / No sinks

Things change, get over it

Politics – Why the Rust Belt should be shaken into reality rather than pandered to by campaigning politicians

This story has mostly positive ratings. 17 votes / No sinks

Recession-Plagued Nation Demands New Bubble To Invest In

Humor – A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to…

This story has mostly positive ratings. 3 votes / No sinks

BoE could still cut rates if economy slows

Money – Financial markets are still betting the next move in interest rates will be up but the Bank of England could be readying itself to cut rates in August in case the economy keeps slowing down.

This story has mostly positive ratings. 34 votes / No sinks

Run on Banks Spells Big Trouble for US Treasury

Money – IN A modern financial system nothing is more frightening than a run on the bank. The US has now suffered a series of them, and they are escalating in size and scope, posing a serious threat to an already reeling…

This story has mostly positive ratings. 15 votes / No sinks

The Economy Is Great... Except for Banks, Housing, Autos,…

Money – Now that McCain has been forced to disavow his long-time mentor, Phil Gramm, for saying Americans are just economic whiners suffering from a made up "mental recession," the defenders of privilege have been trying…

This story has mostly positive ratings. 8 votes / No sinks

Indian Politics , Indian or Chinese?

Politics – 'Is it Indian or Chinese?' is the question that puzzles the viewer after watching the highly hyped television programme - which we shall see. Prakash Javedkar's protests were dismissed as a paranoid party's undue…

This story has mostly positive ratings. 23 votes / 1 sink

Oil Brings Americans Closer to OPEC Debtor Dependence

Money – Petroleum exporting nations from Saudi Arabia to Russia are not only charging Americans record high prices for fuel, they are also poised to become the biggest creditor to the U.S. government.

This story has mostly positive ratings. 11 votes / No sinks

Obama suggests tax credit for business health care

Politics – Barack Obama on Sunday proposed up to a 50-percent tax credit for small businesses providing health insurance to their employees, a program he hopes has special appeal to Hispanics and other minority groups struggling…

This story has mostly positive ratings. 13 votes / No sinks

White House rejects regulating greenhouse gases

Politics – The Bush administration, dismissing the recommendations of its top experts, rejected regulating the greenhouse gases blamed for global warming Friday, saying it would cripple the U.S. economy.

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