More Economy Articles

  • Detroit creditors still have eye on city-owned art

    DETROIT (AP) — Some creditors in Detroit's bankruptcy with eyes on city-owned art say they've found buyers willing to pay more than $1 billion for parts or all of the collection. The disclosure was made in a court filing Wednesday. The creditors are asking bankruptcy Judge Steven Rhodes to...

  • Doug Gansler says raising minimum wage good for Maryland's economy

    Gansler BALTIMORE (Legal Newsline) – Maryland Attorney General Douglas Gansler praised the Maryland General Assembly on Monday for giving final approval to legislation that will increase the state’s minimum wage. The law will increase Maryland’s minimum wage to $10.10 by...

  • Florida bitcoin case tests money laundering limits

    MIAMI BEACH, Fla. (AP) — Two police officers burst through a hotel room door with guns drawn, yelling "Police! Get Down!" just after an alleged money laundering transaction went down. But instead of briefcases stuffed with a drug dealer's cash, this exchange involved an undercover officer with...

  • US wholesale stockpiles up 0.5 percent in February

    WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles for an eighth consecutive month in February as their sales rose at the fastest clip since November, good signs for future economic growth. Wholesale businesses boosted stockpiles by 0.5 percent in February following an...

  • Bank of America to cut 3,000 overseas jobs

    NEW YORK (AP) — Bank of America says it's cutting about 3,000 jobs overseas as part of ongoing reviews of its global operations. The jobs are located in Costa Rica, the Philippines and Mexico. The Charlotte, N.C.-based company plans to close sites in those countries over the next nine to 12...

  • Seeking political gain, Democrats welcome Republican defeat of Paycheck Fairness bill

    Senate Republicans are poised to defeat a pay equity measure on Wednesday. The “Paycheck Fairness Act” is a key part of a new Democratic agenda that is focused on contrasting the Democratic Party with the GOP ahead of November elections.

  • Colorado marijuana sales up slightly in 2nd month

    DENVER (AP) — Sales of recreational marijuana rose slightly in Colorado in the second month of retail sales, according to state tax estimates released Tuesday. But the modest growth left state lawmakers cautious on spending the pot tax money just yet. An estimate from the Colorado Department...

  • Investors shed tech, biotech stocks

    NEW YORK (AP) — Wall Street's cool kids have been booted from the lunchroom. Technology and biotechnology companies, high-flying stocks over the last two years, have been beaten down the last three weeks. Many are now in bear territory, which is when a stock falls more than 20 percent from a...

  • Regulators act to require stronger bank capital

    WASHINGTON (AP) — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown. The eight biggest banks will have to meet stricter measures for holding capital — money that provides a cushion against...

  • House Democratic women take on White House economist who said wage gap isn't caused by discrimination

    House Democratic women on Tuesday contradicted a White House economist who said that the wage gap between men and women reflects different professional choices that women make, rather than workplace gender discrimination. "We're saying one thing: equal pay for equal work," House Minority...

  • Regulators finalize leverage ratio for big banks, would require $68 billion of extra capital today

    The amount of cash banks are required to hold in case of an emergency is increasing, thanks to a rule that U.S. regulatory agencies finalized Tuesday. The Federal Reserve and other agencies voted to increase the supplementary leverage ratio for the eight largest U.S. banks, requiring that they...

  • US stocks rise for the first time in four days

    NEW YORK (AP) — Maybe the sell-off was a little overdone. That was the sentiment on Wall Street Tuesday as the stock market broke a three-day losing streak. The gain pushed the Standard & Poor's 500 index back into positive territory for the year. The rebound was driven partly by...

  • Stocks rise, breaking a three-day losing streak

    Stocks are closing higher as the market stabilizes after a three-day slump. Technology stocks rose after taking a beating over the past week.

  • US bacon prices rise after virus kills baby pigs

    MILWAUKEE (AP) — A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it's threatening pork production and pushing up prices by 10 percent or more. Scientists think porcine epidemic diarrhea,...

  • GM to invest $449 million in 2 Detroit-area factories

    DETROIT (AP) — General Motors plans to invest $449 million in two Detroit-area factories to build the next-generation Chevrolet Volt hybrid electric car and two unspecified new vehicles. The company said the investment eventually will bring a second shift at the Detroit assembly plant that...



From the Weekly Standard

  • Through a Google Glass, Darkly

    “Just because something bears the aspect of the inevitable one should not, therefore, go along willingly with it.” ​—​Philip K. Dick

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  • 2014 ≠ 2016

    Polls are overrated, but they can be still instructive. So what’s to be learned from a Fox News survey of 1,012 registered voters conducted April 13-15? 

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  • As Goes North Carolina

    Raleigh, N.C.  To win the Senate, Republicans must win North Carolina. While it’s mathematically possible to take the Senate without ousting Democratic senator Kay Hagan, the chances of that...

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