Category Archives: Government

Stocks trim losses, but end in red on Greek woes

By doris | Published: January 31, 2012

Full Story at Money.CNN.com NEW YORK (CNNMoney) — U.S. stocks recovered most of their lost ground Monday afternoon but struggled to pull out of the red as concerns over Greece continued to weigh on the market. Stocks started the day down about 1% after the weekend came and went without Greek leaders reaching an agreement [...]

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Foreign firms invest big in U.S. energy boom

By doris | Published: January 12, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Foreign firms, hungry to cash in on the American energy boom, have invested nearly $6 billion in U.S. gas and oil drilling in the last few weeks. Energy giants from China, France and Spain have snapped up stakes in fields in Ohio, Mississippi, Colorado and Michigan. These [...]

Also posted in Financial, Gas or Oil, Investors | Leave a comment

Last chance to buy paper savings bonds

By doris | Published: December 19, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — This holiday season is your last chance to stop by the bank and buy a paper savings bond, either for yourself or your loved ones. Starting Jan. 1, you’ll no longer be able to purchase paper savings bonds at banks or other financial institutions. Instead, the savings [...]

Also posted in Banking, Business, Financial, Money | Leave a comment

US import prices post largest gain in 7 months

By doris | Published: December 16, 2011

Full Story at Import prices post largest gain in 7 months – Business – Stocks & economy – msnbc.com WASHINGTON — U.S. import prices recorded their largest increase in seven months in November as the cost of petroleum surged, a government report showed on Wednesday, but underlying imported inflation pressures remain contained. Overall import prices [...]

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Postal Service delays closings until May 15

By doris | Published: December 13, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service has agreed to hold off on closing any more post offices or mail facilities until May 15, 2012, to allow Congress time to work on a plan to save the service. The U.S. Postal Service agreed to voluntarily enact a moratorium on closures, after [...]

Also posted in Business, Closing, Economy, Financial, Post Office | Leave a comment

Employers added 206,000 private-sector jobs in November

By doris | Published: November 30, 2011

Full Story at BottomLine.msnbc.msn.com Private employers added 206,000 jobs in November, according to a new report released Wednesday from payrolls processor ADP. The monthly number was better than expected. Analysts had expected a smaller gain in November. October’s monthly gain in private-sector hiring was revised up to 130,000 from a previously reported gain of 110,000. [...]

Also posted in employment, Unemployment | Leave a comment

AIG posts $4.1 billion loss

By doris | Published: November 3, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — American International Group is back in the red. Way in the red. The bailed out insurer posted a net loss of $4.1 billion on Thursday, a loss per share of $2.16 for the third quarter. While analysts hadn’t expected the company to post a profit, the size [...]

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Europe’s biggest baby step

By doris | Published: October 27, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — At long last, European leaders took a significant step forward on the long road toward resolving the eurozone’s debt crisis. But many details remain unclear and economists are already raising questions about the effectiveness of the latest plan. “We certainly have moved a step in the right [...]

Also posted in Banking, Debt, Europe | Leave a comment

Europe’s leaders nearing debt solution

By doris | Published: October 24, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Europe’s top leaders said Sunday that they were getting closer to finalizing a plan to solve Europe’s debt crisis. But with a final agreement not expected before Wednesday, the actual details remained under wraps. “The technical complexities are significant,” said French President Nicolas Sarkozy, adding that there [...]

Also posted in Banking, Debt, Europe, Money | Leave a comment

Older Americans’ challenge: No time to recover from recession

By doris | Published: October 18, 2011

Full Story at LifeInc.today.msnbc.msn.com The recession and weak recovery have been difficult for all Americans, but a new government report suggests that older people may be particularly vulnerable to the downturn’s worrisome effects on long-term economic security. That’s partly because Americans 55 and older have less time to catch up on retirement savings and recover [...]

Also posted in America, Reccession | Leave a comment

Who pays if Social Security cap is lifted? Not many taxpayers

By doris | Published: October 10, 2011

Full Story at LifeInc.today.com One of the proposals for keeping Social Security afloat is to simply ask for more money. It turns out, not that many taxpayers would have to pay up. A new analysis from the Center for Economic and Policy Research finds that less than 6 percent of workers would be affected if [...]

Also posted in Economy, Money, Social Security, Tax | Leave a comment

Bill Clinton: How to fix the economy

By doris | Published: October 7, 2011

Full Story atFortune’s cnn.com First, Congress and President Obama can adopt strategies designed to unleash the massive amount of capital that is accumulated but not being invested. There’s some $2.2 trillion in cash in American banks that is not committed to loans. A couple hundred billion has to be held back for bad mortgages, but [...]

Also posted in America, Banking, Bill, Budget, Computer, Economy, Financial, Home, Market, Money, President | Leave a comment

Investors Back Obama’s Buffett Rule

By doris | Published: October 1, 2011

Full Story at Bloomberg.com Global investors overwhelmingly support President Barack Obama’s proposed tax increase for those earning annual incomes of $1 million or more in an effort to reduce the deficit. By a margin of 63 percent to 32 percent, respondents in a Bloomberg Global Poll approved of the president’s proposal, known as the “Buffett [...]

Also posted in Budget, Debt, Investors, Money, President, Tax | Leave a comment

Investors fear governments can’t stop new recession

By doris | Published: September 25, 2011

Full Story at BottomLine.msnbc.msn.com Global stock markets fell in lockstep this week because investors all share a common fear: The world is slipping back into recession and governments around the world are powerless to stop it. Two years after the world emerged from the worst financial collapse since the 1930s, a repeat is looming. European [...]

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