Though the official version, and most of the media, paints a rosy picture, the reality on the ground is vastly different, with people finding it ever harder to find jobs, according to many observers. Some even say the BLS unemployment figures are an eyewash.
The U.S. home loan demand fell sharply in the week ended Feb. 4, as the mortgage rates continue to rise from their lowest levels amid growing confidence on the economic conditions of the nation, the Mortgage Bankers Association (MBA) said on Wednesday.
LG, Sony are indulging in patent wars over PS3
Overcoming the blues of recession, US companies’ spend on business travel in 2010 increased by 5.3 percent for an average of $96,851, and is expected to advance by 5 percent in 2011.
A mind-numbing total of 739 children died in conflict-related security incidents in Afghanistan in 2010, rights watchdog Afghanistan Rights Monitor (ARM) said in its annual report on Wednesday.
The ambitious project of installing 1 million electric vehicles on American highways by 2015 is ambitious and also achievable based on steps already taken as part of the Recovery Act and additional policy initiatives proposed by President Obama, the US Department of Energy said in a statement today.
A bill to extend the life of three provisions of the Patriot Act was defeated at the US House of Representatives on Tuesday. The bill was short of 284 votes to pass although it required only two-third majority.
The US Food and Drug Administration FDA on Tuesday approved the first pacemaker system -- produced by medical device giant Medtronic Inc and designed to be used safely during certain magnetic resonance imaging (MRI) exams.
US top military officials on Tuesday unveiled the National Military Strategy, the first revision since 2004 and calls for redefining leadership in a changing world.
U.S. stocks opened modestly lower on Tuesday after China raised interest rates for the third time since last October in response to accelerating consumer and asset inflation.
ThinkEquity said it has added Altera to the Think Fast list, which predicts stocks that are expected to see a near-term upside.
Even as results of a landmark vote show the people of Southern Sudan have decided to form a new nation and international leaders congratulate them, recent reported violent incidents in the North and South indicate that peace in the embattled nation is fragile.
A U.S. trade panel on Monday approved combined final duties ranging up to nearly 450 percent on steel drill pipe from China used in oil production.
U.S. stocks advanced in early trade on Monday with the S&P 500 Index gaining 4.88 points, or 0.37 percent, to trade at 1,315.75 at 9:50 a.m. EDT. The Dow Jones Industrial Average advanced 36.63 points, or 0.30 percent, to trade at 12,128.78. The Nasdaq Composite Index gained 0.31 percent.
With only about 30 percent of Americans holding a valid passport, it is estimated that very few Americans travel abroad for vacation or business, according to the U.S. Office of Travel and Tourism (OTTI).
U.S. crude futures edged above $89.05 a barrel on Monday, recovering from a near 2 percent drop in the previous session, supported by the political crisis in Egypt and a drop in the U.S. unemployment rate to a 21-month low.
China maintains yuan's peg to the dollar by continually purchasing dollars in the open market, which means that China has to buy more ad more dollars as the U.S. currency gets weaker. And here is the role of the U.S. Federal Reserve in exacerbating Beijing's concerns.
Oakland officials have been warned by federal authorities not to allow large-scale marijuana farms in the city as it violates U.S. laws and could lead to a crackdown on the growers and their backers.
Since the Egyptian government shut down the Internet for days in the wake of protests, some have asked if the U.S. government could set up an Internet kill switch to cut off access -- either to stop people from communicating or protect the country from cyber attack.
The following is an edited interview with Ellen Lust, a professor of political science at Yale University
Now that all the hype and the hoopla of Chinese President Hu Jintao’s visit to the United States are over, the same basic commercial question remains unanswered: How can American companies create more jobs for Americans by selling more American goods and services in China?
U.S. employment rose far less than expected in January, partly the result of severe snow storms that slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009.
