By ADAM SCHRECK, AP Business Writer DUBAI, United Arab Emirates – The world’s tallest skyscraper has unexpectedly closed to the public a month after its lavish opening, disappointing tourists headed for the observation deck and casting doubt over plans to welcome its first permanent occupants in the coming weeks. Electrical problems are at least partly […]
by Peter Schiff– With today’s unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government […]
The Wall Street Journal– After months of shrugging off debt problems in Dubai, Greece and other smaller economies, markets yesterday seemed suddenly aware of the risks of sovereign default. Back in November, when the question of Dubai’s solvency came to a head, it was ultimately bailed out by its rich older brother, Abu Dhabi. Now, […]
Ellen Chang– The market could see a huge correction in a few months, says Dan Cook, senior market analyst at IG Markets. Investors are not buoyed by positive earnings reports, he says. “There’s still a lot of confusion in the market. We’re looking at a pretty positive earnings season overall, but as we saw (recently) […]
Posted by Erick Erickson “Barack Obama refused to help get unemployment down in 2009 by design so he could get credit in the 2010 election year instead.” Many of us have been saying it for a while. The White House intended that the stimulus money, which the White House intended to use to save or […]
By: Jim Meyers U.S. Rep. Thad McCotter tells Newsmax that President Obama was “contradictory” when discussing the economy during his State of the Union speech — and stated flatly that Obama’s stimulus plan has failed. The Michigan Republican, Chairman of the Republican House Policy Committee, also chastised Obama for expressing criticism of the Supreme Court […]
The German engineering corporation Siemens will no longer conduct business with Iran. The major firm announced its decision at its annual shareholders meeting Tuesday. The announcement came shortly after German Chancellor Angela Merkel said at a news conference in Berlin with Israeli Prime Minister Benjamin Netanyahu that she was seriously considering tougher sanctions on the […]
WASHINGTON – Sales of previously occupied homes took their largest drop in more than 40 years last month yet managed to end 2009 with the first annual gain in four years. Still, prices plunged by more than 12 percent last year — the sharpest fall since the Great Depression. The price drop for 2009 — […]
The dollar is on its way out, and the euro is on its way in as the world’s main reserve currency, says David Roche, global strategist at Independent Strategy. The euro will take over because Europe has a more solid fiscal policy than the U.S., he says. “We’ll actually produce a much stronger fiscal balance, […]
President Obama’s job approval rating has fallen to 46 percent, according to a new CBS News poll. That rating is Mr. Obama’s lowest yet in CBS News polling, and the poll marks the first time his approval rating has fallen below the 50 percent mark. 41 percent now say they disapprove of Mr. Obama’s performance […]
