UNITED STATES

Nancy Pelosi

Stimulus now, but is austerity even possible later?

The United States, which has not yet been punished by bond vigilantes for its enormous public debt, is keeping fiscal stimulus policies intact for the short-term. While many economists support this decision, the key question is if it will be able to enact necessary fiscal austerity measures in the future.

What exactly is QE2?

U.S. Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the "Monetary Policy and the State of the Economy" on Capitol Hill in Washington
Michael Yoshikami, president and chief investment officer of YCMNET Advisors in Walnut Creek, Calif. discusses what exactly QE is, why it may be needed and its potential impact.
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Molycrop signs rare earth pact with Ames Lab

China denies blocking rare earth shipments to US, Europe

China's Commerce Ministry denied the New York Times report stating the government has extended block on shipments of rare earth to include the United States and Europe, other than Japan, a Bloomberg report said, citing a faxed response from the Ministry.
Employees at call centre provide service support to customers in the northeastern Indian city of Siliguri

The allure of outsourcing too powerful for U.S. companies to resist

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)
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U.S. Justice Dept. probing foreclosure processes

The U.S. Justice Department said on Wednesday it was probing reports the nation's top mortgage lenders improperly evicted struggling borrowers from their homes as part of the devastating wave of foreclosures unleashed by the financial crisis.
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How Republicans could block healthcare reform

Republicans could keep their promises to stop healthcare reform even if they cannot repeal it, simply by blocking legislation needed to pay for it, one expert argued on Wednesday.
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Poor healthcare may shorten American lives: study

Americans die sooner than citizens of a dozen other developed nations and the usual suspects -- obesity, traffic accidents and a high murder rate -- are not to blame, researchers reported on Thursday.
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Private sector job cuts raise Fed easing chance

U.S. private employers unexpectedly shed jobs in September, reinforcing the belief that the U.S. Federal Reserve will embark on another round of monetary policy stimulus to support the economic recovery as early as next month.
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Private sector sheds 39,000 jobs in Sept

Private employers unexpectedly cut 39,000 jobs in September after adding an upwardly revised 10,000 jobs in August, a report by a payrolls processor showed on Wednesday.
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Prices gain on unexpected private jobs decline

U.S. Treasury debt prices climbed on Wednesday, pushing benchmark note yields to the lowest since January 2009, after ADP Employer Services said private payrolls unexpectedly contracted in September.
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Study shows limits of Child Protective Services

The Child Protective Services system in the United States has outlived its usefulness, and should be scrapped in favor of other approaches to protecting at-risk kids, according to a leading expert on injury prevention.
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One in 4 students, young adults binge drink: CDC

One in four high school students and adults ages 18 to 34 engaged in binge drinking in the past month, putting themselves and those around them at risk, U.S. government researchers said on Tuesday.

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