More Economy Articles

  • More climate change, more money problems

    The White House and supportive Democrats tout the administration's climate strategy as a financial winner, while opponents argue it would hit people's pocketbooks and reduce electric grid reliability.

  • Study estimates unionization cost workers in some states $11,000

    Heavy unionization cost the average worker in Michigan about $11,000 over the last 50 years. It cost workers in Nevada about $9,000 over the same period and Ohio workers about $8,600.

  • Export-Import Bank justifies subsidies with useless job numbers

    "This is so important," Sen. Maria Cantwell, D-Wash., said about reauthorizing the Export-Import Bank, "because 85,000 Washington state jobs hang in the balance. That is how many jobs have been supported here in the state by the Export-Import Bank.

  • Pfizer's 2Q profit sinks 79 pct but tops forecasts

    Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, down from $14.1 billion, or $1.98 per share,...

  • UBS sees profits rise, probed over trading system

    GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called "dark pools." UBS AG...

  • Stocks turn mixed at midday ahead of economic data

    NEW YORK (AP) — Major stock indexes turned mixed in midday trading as investors waited for a series of key economic reports from the U.S. and China later in the week. The Dow Jones industrial average eased less than one point to 16,983 as of 12:12 p.m. Eastern time Tuesday. The Standard &...

  • Fed is weighing key issues but may reveal little

    WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How...

  • Merck 2Q profit more than doubles

    A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts' expectations. The maker of popular Type 2 diabetes pill Januvia said Tuesday that net income increased to $2 billion, or 68 cents per share,...

  • US consumer confidence jumps to 90.9 in July

    WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years. The Conference Board said Tuesday that its confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months...

  • Reynolds American 2Q profit climbs 6.7 percent

    RICHMOND, Va. (AP) — Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold. The Winston Salem, North Carolina-based company said it earned $492...

  • Despite good news, benefit programs face problems

    WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward the brink of insolvency. Getting relief from a slowdown in...

  • The median American household lost a third of its wealth in the last 10 years

    The median American household saw its wealth decline by more than one-third in the past decade, according to a new estimate published by the Russell Sage Foundation.

  • Asia stocks rise modestly ahead of US, China data

    SEOUL, South Korea (AP) — Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week. KEEPING SCORE: Japan's Nikkei 225 added 0.5 percent to 15,604.80 and South Korea's Kospi rose 0.6 percent to 2,061.95. Hong...

  • Stocks end little changed ahead of earnings rush

    NEW YORK (AP) — U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week. The Standard & Poor's 500 index rose less than a point to close at 1,978 on Monday. The Dow Jones industrial average edged up 22 points to 16,982. The Nasdaq fell. The...

  • Only two years until Social Security's disability fund runs out

    The Social Security disability trust fund is only two years away from exhaustion, Social Security's Board of Trustees announced Monday, while saying that Medicare's finances appear to have strengthened, thanks to slowing growth in the cost of health care.



From the Weekly Standard

  • Note to the House GOP: Kill the Bill

    The House Republican leadership is having trouble getting 218 votes for its immigration bill.

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  • Podcast: On Clinton, Inc.

    The WEEKLY STANDARD podcast with online editor Daniel Halper on his New York Times  best selling book, Clinton, Inc. The Audacious Rebuilding of a Political Machine.   Buy it today!

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  • A Fetish For Zizek

    It’s surely the most hilarious academic story so far this year: Slavoj Zizek, the most Marxist-chic of all Marxist-chic philosophers, has been caught plagiarizing an article from American...

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