Obama Nominee To Aid In Next Housing Collapse

President Barack Obama has nominated Rep. Mel Watt to be Director of the Federal Housing Finance Agency.  If his appointment is upheld, Watt may well lead America into another housing collapse. ...

‘Real’ Jobless Rate Still Above 10%

By: Jeff Cox Two months from now, revised government estimates are likely to show that the economy is even bigger than the currently stated $15 trillion. And while the numbers may ...

Consumer Spending Weakens, Economy Inches Toward Second Recession

By Peter Morici The Commerce Department reported Monday that the growth of consumer spending slowed in March, further indicating the United States may be swept into Europe’s recession and the ...

Service Jobs Are Next to Go

If you meet Baxter, the latest humanoid robot from Rethink Robotics – you should get comfortable with him, because you’ll likely be seeing more of him soon. Rethink Robotics released ...

30%+ of U.S. Population Unemployed

The number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This ...

Americans see biggest monthly income drop in 20 years

Feeling poorer? Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. Personal income decreased by $505.5 billion in January, or ...

8 striking parallels between the U.S. and the Roman Empire

Is our republic coming to an unceremonious end? History may not be on America’s side. Lawrence Lessig’s Republic Lost documents the corrosive effect of money on our political process. Lessig persuasively makes ...

U.S. Post Office to Stop Saturday Mail Delivery

The U.S. Postal Service plans to end Saturday mail delivery as soon as August to cut financial losses, a change Postmaster General Patrick Donahoe said it can make without Congress’s approval if ...

15 Signs That You Better Get Prepared For The Obama Recession Of 2013

You better get ready, because there are a whole host of signs that economic trouble is on the horizon. U.S. economic growth slipped into negative territory during the fourth quarter ...

US slips back into recession

The US economy unexpectedly took its biggest plunge in more than three years last quarter, contracting at an annual rate of 0.1 percent and indicating a new level of vulnerability ...