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  • PayPal goes mobile, to split from eBay in 2015

    SAN JOSE, Calif. (AP) — The mobile payment service PayPal is splitting from eBay and will become a separate and publicly traded company next year. Almost a year after billionaire Carl Icahn opened a proxy fight and pressured eBay for a spinoff of PayPal, eBay President and CEO John Donahoe...

  • Global stock markets mostly turn higher

    BANGKOK (AP) — Global stocks turned higher on Tuesday, recovering from recent losses, though investors were monitoring protests in Hong Kong, a major financial center, as a potential risk to stability in Asian trading. KEEPING SCORE: France's CAC-40 rose 1.2 percent to 4,411.67 and Germany's...

  • New trial will shine light on 2008 bailout of insurance giant AIG

    Mark Calabria, the director of financial regulation studies at the Cato Institute, said, "I suspect the suspicion that AIG was assisted to help its counter-parties will be reinforced. I suspect we will also learn that the regulators were making Žit all up as they went along."

  • Asian stocks mostly lower after US declines

    BANGKOK (AP) — Asian stocks were mostly lower Tuesday after Wall Street's losses overnight and pro-democracy protests in Hong Kong, a major financial center, added to worries about political risk. KEEPING SCORE: Hong Kong's Hang Seng Index tumbled 1.2 percent to 22,945.80 points after...

  • Ryan hoping for 'singles and doubles' if Republicans win control of Senate

    Republicans may not be able to hit home runs if they take over the Senate in November, but Paul Ryan says he hopes his party can hit singles and doubles when it comes to spending and taxing.

  • VIDEO: Biden announces $450 million in job training grants

    Vice President Joe Biden, joined by Secretary of Education Arne Duncan and Secretary of Labor Thomas Perez, announced the winners of $450 million in job training grants.

  • Student loans may drag down economy for years

    Soaring levels of student loan debt are not only burdening recent graduates but have created entire generations that aren't able to save and invest, potentially hurting long-term economic growth.

  • US consumer spending up 0.5 percent in August

    WASHINGTON (AP) — Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year. Consumer spending in August rose 0.5 percent from the previous month after showing no gain in July, the Commerce...

  • World faces slow growth or another crisis, former central bankers warn

    The Geneva Report on the World Economy published Monday notes that, contrary to popular belief, the world is becoming more indebted in the wake of the debt-fueled 2008 financial crisis, not less.

  • Contracts to buy US homes slide in August

    WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in August, suggesting that real estate sales will remain sluggish over the next few months. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index fell 1 percent over the past month...

  • US stocks open lower, following drops overseas

    NEW YORK (AP) — U.S. stocks are opening sharply lower, following losses overseas. Asian markets closed mostly lower as investors fretted over the pro-democracy protests in Hong Kong, where the main Hang Seng index fell 1.9 percent The Dow Jones industrial average fell 153 points, or 0.9...

  • US trade secretary seeks more business with Poland

    WARSAW, Poland (AP) — Even as the U.S. and European Union seek a major free trade deal, Poland and the U.S. should intensify their commercial ties in areas ranging from construction to energy security, U.S. Secretary for Commerce Penny Pritzker said Monday. Pritzker told a meeting of Polish and...

  • Think Tanks: Massachusetts cuts out the middlemen

    Mytheos Holt for the R Street Institute: High-end electric car consumers, rejoice. If you want to buy one of the famous Tesla cars and you live in Massachusetts, you can now do exactly that. Massachusetts’ Supreme Judicial Court decided to lift the ban on Tesla sales within the state, following...

  • Economy expected to continue steady recovery

    Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy. Investments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released Monday...

  • Obama: Democrats will hold the Senate

    President Obama predicted that Democrats would be able to hold majority control of the Senate in the critical midterm elections this November and said his record of fixing the economy is better than any other world leader's.



From the Weekly Standard

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  • Another Fight Obama Shirks

    When it comes to military actions, President Obama likes to declare the end of wars, regardless of whether America’s opponents agree that is the case. When it comes to economic wars, he has no...

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  • Second Time’s a Charm?

    Voters in Connecticut’s gubernatorial election this November will face a familiar choice as Republican Tom Foley squares off against Democrat Dan Malloy. Four years ago, in a nail biter for what...

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