More Economy Articles

  • Family Dollar to close stores as shoppers pinched

    NEW YORK (AP) — Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers. Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also...

  • Average US 30-year mortgage rate down to 4.34 pct.

    WASHINGTON (AP) — Average U.S. rates on fixed mortgages declined this week closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week. The average for the...

  • Chief of India's central bank criticizes Federal Reserve's monetary-easing efforts

    India's top central banker criticized the Federal Reserve in two appearances in Washington on Thursday, saying that the U.S. central bank should take into consideration the impact of its monetary-easing programs on emerging economies like India's. Raghuram Rajan, a University of Chicago...

  • Stocks drop; Biotech takes another plunge

    NEW YORK (AP) — The Nasdaq had its worst day since 2011 as investors dumped biotechnology shares and other industries that have soared over the past year. Biogen Idec, Gilead Sciences and other biotech companies plunged. After a huge run-up, those stocks have become volatile in recent weeks...

  • US average rate on 30-year home loan 4.34 percent

    Average U.S. rates on fixed mortgages declined this week as the spring home-buying season begins.

  • Applications for U.S. jobless aid dip 32k to lowest level since 2007

    The number of people seeking U.S. unemployment benefits dropped to the lowest level in almost seven years, falling 32,000 last week to a seasonally adjusted 300,000. The Labor Department said Thursday that the four-week average of applications, a less volatile measure, fell 4,750 to 316,250.

  • JPMorgan awarded CEO Jamie Dimon $11.8M last year

    LOS ANGELES (AP) — JPMorgan Chase & Co. Chairman and CEO Jamie Dimon's total compensation fell 37 percent last year to $11.8 million as the nation's largest investment bank grappled with billions in legal costs and fines. According to regulatory documents filed Wednesday, Dimon's total...

  • US Treasury raises $2.38b in Ally stock sale

    WASHINGTON (AP) — The Treasury Department has raised $2.38 billion after selling a large chunk of its stock in Ally Financial Inc. as part of the government's ongoing effort to recoup the billions of dollars spent bailing out companies during the 2008 financial crisis. Treasury said Wednesday...

  • US stocks rally on Fed minutes, earnings news

    NEW YORK (AP) — Once again, it was the Federal Reserve to the rescue for the stock market. Major U.S. indexes rose broadly Wednesday, helped by a report out of the nation's central bank that showed Fed policymakers want to be absolutely certain the U.S. economy had recovered before starting...

  • House Republicans aim for JOBS Act 2.0

    House Republicans are trying to recreate the success of the JOBS Act, two years after its passage. The Jumpstart Our Business Startups Act, intended to reduce capital costs for startups by deregulating some aspects of securities law, was one of the rare bipartisan legislative efforts of the...

  • Alcoa and Facebook are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Alcoa Inc., up 47 cents to $13 Industry analysts raise their price targets for the aluminum maker's stock after the company weathered a rough patch in...

  • Obama blasts GOP for blocking paycheck fairness bill

    President Obama ripped Senate Republicans Wednesday for blocking a paycheck fairness bill, leveling charges against the GOP that will serve as the centerpiece of the Democratic 2014 campaign pitch. The Paycheck Fairness Act, which was designed to combat wage disparity between men and women,...

  • Minutes show Fed struggled to agree on rate policy

    WASHINGTON (AP) — The Federal Reserve struggled last month over how to convey to investors that it will raise short-term interest rates only slowly once it increases them from record lows. Two weeks before the Fed's regular meeting March 18-19, it held an unusual and previously unannounced...

  • 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...



From the Weekly Standard

  • Kennedy’s Question

    We often think of the Constitution as a two-part document: first the original 1787 text, which primarily establishes the government’s structure; and then the amendments, which primarily set...

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  • Mitch McConnell, Judicial Activist

    "This is the best Supreme Court, if you’re interested in a free society and in the ability of Americans to participate in the political process with a minimum amount of government restrictions....

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  • Snatching Failure From Victory In Afghanistan

    Media reports suggest that President Obama is looking to declare victory and withdraw from Afghanistan, as he did from Iraq. The military commander in Afghanistan, General Joe Dunford, has said...

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