- He's practically the devil incarnate to the Republican Party, but no president since President Franklin D. Roosevelt has had to address as many serious economic, financial and foreign policy problems as President Barack Obama. Further, Obama's relative success addressing these problems, and the Republican Party's callousness, will lead to Obama's re-election in November.
- It seemed everyone was claiming their crystal ball has been right in anticipation of a much-hyped speech by the world's most powerful central banker, who managed to turn the attention of traders around the world to his podium in bucolic Jackson Hole, Wyo. Friday. They were all right and, as usually happens in such cases, they were also all wrong.
RNC 2012: Clint Eastwood's Surprise Appearance At Republican National Convention Propels Star Power To Fore, Evokes Twitter Backlash (VIDEO)As Clint Eastwood made his "surprise" appearance at the Republican National Convention and delivered his speech supporting Republican Mitt Romney and mocking President Obama, star power came to the fore ahead of November 6 elections even as Twitterati blasted his speech.
- Overnight market activity shows investors have entered a price discovery phase ahead of Friday's Jackson Hole conference, prompting losses across the risk spectrum and a stronger greenback. Markets are assessing each incoming data pulse in the context of the whether the Federal Reserve will launch a third round of quantitative easing, prompting a 'bizzaro world' scenario where good news can lead to losses across risk related assets as market lower the chances further Fed stimulus.
- Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
- Nowadays the energy picture is confusing at best as the more information we are shown the more blurred our vision seems to become. Mixed messages, poor reporting and a media hungry to sensationalize anything it thinks can grab a headline have led to many wondering what the true energy situation is. We hear numerous reports on how the shale revolution will transform the energy sector, why alternatives are just around the corner, why advances in oilfield extraction techniques and new finds will he...
- Following the Congressional Budget Office's (CBO) predictions of the imminent "fiscal cliff" that will send the U.S. economy into a recession after January 1, 2013, analysts are struggling to identity the true extent of the oncoming threat. While the CBO estimates that unemployment will increase to about 9 percent in the fallout from proposed "fiscal tightening" measures, Capital Economics suggested in a U.S. Employment Report published today that the effect on hiring may be more ...
Once, Republicans Supported Collective Bargaining, Mass Transit Funding, And Even Progressive TaxationA comparison of past RNC platforms truly demonstrates how far the party has swung to the right.
- U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
- More Americans than forecast filed applications for new jobless benefits last week, the Labor Dept. said Thursday, suggesting that the labor market is barely healing.
- The U.S. stock index futures point to a lower open Thursday as investors continue to have concerns about the weakening global economy and worsening economic growth momentum.
Obama AMA: President's 'Ask Me Anything' Thread On Reddit A Great PR Move For His Campaign; 5 Interesting QuestionsOn Wednesday, U.S. President Barack Obama did something that helped him reach and communicate with millions of people directly. The President spent around half-an-hour on the popular link-sharing website Reddit, answering questions from the general public and became the first ever sitting president to participate in a forum, commonly referred to as an AMA or "ask me anything."
- Prostitution is rising to dangerous levels in Madagascar, and this has become one of the most controversial signifiers of the country's political and economic breakdown over the last three years.
- Former Florida governor Jeb Bush renewed his call for Republicans to reconsider their immigration platform on Tuesday, warning attendees of a panel discussion that the future of the party is at stake.
- The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs and drive down the unemployment. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations of additional monetary stimulus from the Federal Reserve intact.