Millions of Americans to Lose Unemployment Benefits
800,000 Americans are set to lose all their unemployment benefits by the end of the month, a figure which is set to soar to 2 million by the end of the year as The House of Representatives voted against a bill to More...
Is the U.S. Dollar Finished?
A remarkable consortium of six nations gathered last year in the Russian city of Yekaterinburg. Its purpose was to plan a strategy to replace the U.S. dollar as the world’s reserve currency. The Shanghai Corporation More...
Unspent TARP money to be used for jobs: Obama
Barack Obama, President of the United States of America, has said that the unspent funds More...
US jobless rate at 26 year high, crosses 10 percent mark
Unemployment in the US increased more than expected last month to record More...
US Economy: 531, 000 new jobless claims reported
In the U.S. this week, 531,000 new claims were filed by people seeking unemployment More...
Despite drop in sales, IBM posts stronger earnings than anticipated
On Thursday, International Business Machines (IBM) came out with its results for the More...
US Economy: Rise in Consumer Prices slows while manufacturing expands
According to reports by the Labor Department, consumer prices in the U.S. More...
U.S. Initial Jobless Claims Drop To 550,000
The number of Americans filing new claims for jobless benefits fell more More...
U.S. GDP contracts 6.1 per cent 1Q
The U.S. economy has contracted 6.1 per cent in the first quarter More...
Global financial crisis and currency war
As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The More...
