More Economy Articles

  • US average rate on 30-year home loan 4.12 percent

    Average U.S. rates on long-term fixed mortgages declined this week.

  • Americans are borrowing more for everything except the one thing Obama wants

    Americans are increasingly willing to take on credit card debt or to take out loans to buy cars or to go to college, but they're still shying away from the biggest category of consumer credit: home loans.

  • Average US 30-year mortgage rate at 4.12 percent

    WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan slipped to 4.12 percent from 4.14 percent last week. The average for a 15-year mortgage, a...

  • America's question: Cut or crash?

    On July 31, Congress and President Obama flew America past a dubious fiscal landmark toward what increasingly looks like a crash landing.

  • Average US 30-year mortgage rate at 4.12 percent

    WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan slipped to 4.12 percent from 4.14 percent last week. The average for a 15-year mortgage, a popular choice...

  • US stocks open higher following earnings news

    NEW YORK (AP) — The U.S. stock market is rising modestly in early trading following a batch of earnings and corporate news. The Dow Jones industrial average gained 22 points, or 0.1 percent, to 16,674 in the first few minutes of trading Thursday. The Standard & Poor's 500 index rose three...

  • US jobless aid applications rise to 311,000

    WASHINGTON (AP) — More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels. Weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000, the Labor Department said Thursday. The prior week's...

  • S. Korea cuts key rate for 1st time in 15 months

    SEOUL, South Korea (AP) — South Korea's central bank cut its key interest rate for the first time in 15 months on Thursday, providing support to an economy dragged down by the shock of a ferry sinking that killed hundreds of teenagers. The Bank of Korea lowered its policy rate by a quarter...

  • Australian stocks lead Asia on healthy earnings

    HONG KONG (AP) — Asian stock markets were mostly higher Thursday, with Australia's benchmark leading gains on a crop of healthy earnings reports. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.7 percent to 15,317.46 while South Korea's Kospi was practically unchanged at 2,061.89....

  • Obama's slow-motion recovery creates a retrograde economy: Examiner Editorial

    If Obama wants the job market to recover faster, he should stop hanging dead weights on its belt.

  • US stocks close higher; Amazon gains, Macy's drops

    NEW YORK (AP) — Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy. Amazon rose 2.2 percent Wednesday after the online retailing giant introduced a credit-card processing device designed to help...

  • A showdown is coming over Social Security, but it's not about retirement

    The trust fund for the disability program will run out in late 2016, Social Security's Board of Trustees warned in late July. Without congressional action, disabled workers would immediately face a 25 percent cut in their benefits.

  • Michigan jobless rate up 0.2 points to 7.7 percent

    LANSING, Mich. (AP) — The state says Michigan's seasonally adjusted unemployment rate rose 0.2 percentage points to 7.7 percent in the latest month. The Michigan Department of Technology, Management & Budget released the July employment report Wednesday. It says the jobless rate was 7.5 percent...

  • Deere takes a hit as farm economy weakens

    MOLINE, Ill. (AP) — Deere's profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production. Chairman and CEO Samuel Allen said Wednesday that the cuts will bring production "in line with demand for our...

  • US indexes move higher; Amazon gains, Macy's drops

    NEW YORK (AP) — Stocks are moving higher in midday trading, bringing the Dow Jones industrial average back into the black for the year. Amazon led the way up in light trading, despite a mixed batch of economic news and a contraction in Japan's economy. Amazon rose 3 percent after the online...



From the Weekly Standard

  • No Law, No Order

    Ferguson, Mo.

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  • No Reply from America?

    On Tuesday, August 19, an American citizen, James Foley, was savagely killed. The group of jihadists known as ISIL had previously killed and brutalized tens of thousands of non-Americans. But they...

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  • Bartleby, the President

    President Obama insists Republican opposition to his policies has forced him to boycott Congress and resort to governing by executive order. This is only partially true. Yes, Republicans strongly...

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