Unemployment is rising
Unemployment rate jumped in December WASHINGTON (UPI) — The U.S. unemployment rate jumped to 7.2 percent in December with a loss of 524,000 more jobs in the month, the U.S. Labor Department said Friday. That pumped the jobs lost in the final quarter of 2008 to 1.9 million, the department said. The department said that [...]
Massive Tax Cuts
Breaks for workers and businesses, energy and road and school construction. Obama is meeting with top legislators from both parties including House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., as well as Senate Minority Leader Mitch McConnell, R-Ky., and House Minority Leader John Boehner, R-Ohio. Obama is also planning to deliver [...]
White House adds $6 billion to auto bailout
By Silla Brush The White House upped its commitment to bail out the American auto industry, moving late on Monday to send General Motors Corp. and its financing arm another $6 billion in federal money. The new money brings the total of taxpayer-backed support to the carmakers to $23.4 billion. The latest move comes after [...]
Credit card rules to back consumers
Credit card rules to back consumers WASHINGTON (UPI) — New rules for U.S. credit card companies to be released soon are a step forward for consumers, who have lobbied hard for oversight, industry analysts say. The U.S. Federal Reserve, the Office of Thrift Supervision and the National Credit Union Administration was to announce new [...]
U.S. ethanol businesses struggling
My heart breaks. Ethanol is one of the big reasons groceries has gone up. Anything to do with corn has gone up! Not to mention in my area now all gas has ethanol…gas mileage has gone down 10mph. Which means we buy more gas. This is just not a solution for us the buyer, good [...]
Detroit Automakers a Relic of the Past
Michael Barone Barack Obama has noted, carefully and correctly, that we have only one president at a time. Yet on at least one issue he has taken the lead and nudged the man who will soon be his predecessor in a direction that he might not have taken without prompting. It is an issue, moreover, [...]
