UNEMPLOYMENT

Wall Street is enjoying record profits, while Main Street continues to struggle. The reason why is clear, since Wall Street and Main Street have different interests.

Globalization, basically free markets and the transfer of jobs to lower-cost production centers, has many benefits. But is the new economic era exacting a cost on the U.S. economy in the form of a longer-than-normal period of high initial jobless claims?

Reserve-rich Asia can afford to turn on the government spending taps should a recent bout of sluggish economic growth deteriorate into a deeper downturn.

Congressional lawmakers looking for ways to reduce spending could look to the tax code, economists say.

The year 2011 was envisioned by many futurologists in the last 100 years to be full of jumpsuits, electronic cars and mobile satellite phones. While some of them came true, many others were not even past their successful trials.

Former Massachusetts Gov. Mitt Romney has backtracked on one of the core tenets of his presidential campaign: that President Barack Obama has made a struggling U.S. economy even worse.

Thirty years ago this month, the streets of urban Britain exploded with violence. While the UK had seen riots and street demonstrations throughout its long and tumultuous history, the disturbances of 1981 represented something new – for they largely involved the frustrations and anger of Britain’s large immigrant populations.

Minnesota's state government shut down at midnight on Thursday as Democratic Gov. Mark Dayton was unable to strike a budget compromise with the Republican-controlled Legislature.

In order to take a break from government service, U.S. Treasury Secretary Timothy Geithner is considering leaving his post after President Barack Obama and Congress reach an agreement on raising the national debt ceiling.

The number of Egyptians injured in protests today is actually more than ten times the amount reported by international media this morning.

It's not that I missed the protest, per se, but rather that I missed the cultural awareness that it takes to be present in a city that I now understand I was merely passing through.

Pending sales of existing homes rebounded from a seven-month low in May but demand for mortgages sank last week and the market is still struggling under the weight of a glut of unsold properties.

Jamaica would have been better off being part of the British Empire rather than an independent state, according to a poll taken by local newspapers.

Representative Michele Bachmann has been blasted and mocked for being gaffe-prone. A little search on Google reveals dozens of 'top 10 Michele Bachmann crazy quotes' type of webpages.

On Tuesday, a two day strike by a Greek trade union began, hampering the plans of anyone trying to travel to and from Greece.

On June 27, Congresswoman Michele Bachmann formally announced her 2012 Republican candidacy. Bachmann will be quite an energetic hopeful, and a bold choice as the Congresswoman described herself. She may also follow the path of Sarah Palin, whom she referred to as her good friend. Here are some videos on a rich history of her gaffes.

U.S. Rep. Michele Bachmann, R-Minnesota, reprised her Tea Party credentials Monday as she formally announced her campaign for the presidency, repudiating the idea that government can address America's problems.

Two years ago, if you postulated that U.S. Rep. Michele Bachmann, R-Minnesota, could become the first woman president of the United States in 2012, more than a few onlookers would have dismissed your observation as farfetched. However, an election cycle and a sluggish economy later, down-home-folks Bachmann has risen to top-tier status in the GOP’s 2012 nomination race.

President Obama will announce a $500 million partnership to spur innovation and create jobs in the manufacturing sector during a speech at Carnegie Mellon University in Pittsburgh Friday.

The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after hiring stumbled badly in May.

A year ago, it seemed implausible, perhaps absurd, to think the U.S.'s two, major parties, the Democratic Party and the Republican Party, would disagree so much that the United States would be at risk of defaulting on its bonds, due to a failure to raise the debt ceiling before the U.S. Government runs out of money in August. Now, incredibly, it appears a U.S. default is possible.