More Economy Articles

  • Court rejects bankruptcy protection for Mt. Gox

    TOKYO (AP) — The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would...

  • Optim creditor says Bill Gates is owner, not lender: Bankruptcy roundup

    Cascade Investment LLC, which invests for the Bill & Melinda Gates Foundation, should be treated as the owner, not a secured lender, of bankrupt Optim Energy LLC, according to the energy company’s largest unsecured creditor.

  • US factory output extended solid gains in March

    WASHINGTON (AP) — U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products. The Federal Reserve said Wednesday that...

  • US home building up in March after frigid winter

    WASHINGTON (AP) — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in...

  • France's Thomas Piketty could be the Left's version of anti-debt Carmen Reinhart-Kenneth Rogoff

    Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.

  • Oil nears $105 as conflict in east Ukraine deepens

    The price of oil approached $105 a barrel Wednesday as concerns grew over the crisis in Ukraine, which took military action against separatists in its east. Gains were temporarily tempered by slower Chinese growth. By early afternoon in Europe, benchmark U.S. crude for May delivery was up $1.04...

  • Obama, Biden to announce $600M for job grants

    WASHINGTON (AP) — President Barack Obama and Vice President Joe Biden are hitting the road to trumpet $600 million in new competitive grants to spur creation of targeted training and apprenticeship programs that could help people land well-paying jobs. They are making the announcement...

  • China's growth slows to 7.4 percent in 1Q

    BEIJING (AP) — China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses. The world's second-largest economy grew 7.4 percent from a...

  • US declines to name China a currency manipulator

    WASHINGTON (AP) — The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. The administration also expressed concern Tuesday about South Korea's actions in currency markets and about countries...

  • Obama talks about pay gap, but then punishes working mothers

    If President Obama truly cares about fair compensation for women, he should stop penalizing mothers in the federal workforce every time it snows. Allowing private employers to give working moms more flexible hours would help, too. Alternatively, Obama could handle the wage gap by repeating...

  • Stocks end higher, extending a modest rally

    NEW YORK (AP) — Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading. Coca-Cola rose 4 percent after reporting higher sales of non-carbonated beverages. Johnson & Johnson rose 2 percent after its income rose. Toll Brothers and other homebuilders fell...

  • US stocks turn higher in choppy trading

    Major U.S. stock indexes are turning higher in the late afternoon as the market shuffles between gains and losses. Johnson & Johnson and Coca-Cola rose after reporting encouraging quarterly results, but homebuilders fell following a survey showing weak sentiment among builders. Apple and Netflix...

  • Janet Yellen signals more aggressive stance toward banks

    WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and...

  • Pet boom in Mexico amid rising middle class

    MEXICO CITY (AP) — The growth of Mexico's middle class is creating a new market for fancy goods and services for dogs. Those include clothing and accessory boutiques, spas and restaurants with doggie snacks cooked by a pastry chef. It's a startling cultural shift in a country where a dog's...

  • US stocks drift lower at midday; Homebuilders sink

    NEW YORK (AP) — U.S. stocks are moving lower in midday trading, giving up an early gain. Beazer Homes, Ryland Group and other homebuilder stocks fell after a survey showed that the industry's confidence in the housing market remains low. Coca-Cola rose after reporting higher sales of...



From the Weekly Standard

  • Monotony Motors

    Anyone who’s ever misplaced the family car in a parking lot at the mall must surely sense that we are not living in a golden era of automobile design. Gazing in panic out across that vast tar...

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  • ‘Core’ Al Qaeda Gathering in Yemen

    A video of a large al Qaeda gathering in Yemen has raised eyebrows in the press. Nasir al Wuhayshi, the head of al Qaeda in the Arabian Peninsula (AQAP), as well as general manager of al...

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  • Can They Come Back?

    It’s hard to believe, but the rebirth of the Republican party in Virginia may be happening in the unlikeliest of places: the liberal bastion of Northern Virginia.

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