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How A New Jobless Era Will Transform America

The Atlantic | Don Peck | Posted 05.25.2011 | Business

HOW SHOULD WE characterize the economic period we have now entered? After nearly two brutal years, the Great Recession appears to be over, at least te...

Lawyers' Carelessness Was Key To The Mortgage Mess

Daily Finance | Abigail Field | Posted 05.25.2011 | Business

Two of my biggest concerns about the mortgage mess involve the conduct of lawyers at every stage, from creating the toxic securities to foreclosing on...

The Beer Industry's Mad Inventor: BottomsUp

Amex Open Forum | Darren Dahl | Posted 05.25.2011 | Business

Josh Springer doesn't have much free time these days. He starts his workdays at 5:00 a.m. and he usually doesn't stop working until 11:00 p.m. Like ma...

13 Surprising Cities Wracked By Foreclosures Last Year

Posted 05.25.2011 | Business

The foreclosure crisis isn't exclusive to real estate-addled cities like Las Vegas and Phoenix In fact, as the crisis deepened, foreclosures mounte...

BP Will Start Paying Dividends Again

Bloomberg | Brian Swint | Posted 05.25.2011 | Business

BP Plc, Europe's second-biggest oil company, reinstated the dividend and will sell two U.S. refineries as it recovers from the Gulf of Mexico spill. ...

William Alden

Banks Ease Credit To Big Companies, But Leave Out Small Business

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

In a sign that life may be getting easier for big U.S. corporations, large banks are beginning to make loans more available. Citing increased competi...

IMF Chief Warns Of 'Lost Generation' World's Youth

Posted 05.25.2011 | Business

SINGAPORE (By Kevin Lim and Saeed Azhar) - The world economy is beset by problems such as high unemployment and rising prices which could fuel trade p...

Is This The Number 1 Banking Brand?

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Perhaps Bank of America's efforts are paying off. The bank may be worried enough about their public image that they are buying up scores of domain ...

Why Was There Demand For Bad Loans Before The Crisis?

Naked Capitalism | Tom Adams and Yves Smith | Posted 05.25.2011 | Business

In common with other accounts of the financial crisis, the Financial Crisis Inquiry Commission report notes that mortgage underwriting standards were ...

Even After Record Growth, Hedge Funds Don't Pose Risk, Group Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Even as hedge fund assets grew at a record-breaking pace last quarter, no firm is so big that its failure would pose a threat to the financial system,...

Lila Shapiro

Consumer Spending Rises, But Will Hiring Improve?

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

U.S. consumer spending rose in December for the sixth straight month -- a sign of an improving economy, but still short of the rate of growth needed f...

Analyst Warns Of 2015 Bank Crisis

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

As politicians, executives and financiers networked at parties and panels last week in Davos, Switzerland, Barrie Wilkinson was in a nearby hotel, war...

Greece May Get More Time To Repay Bailout

Posted 05.25.2011 | Business

PARIS/ATHENS (By Paul Taylor and George Georgiopoulos) - Support is gaining ground in the euro zone for giving Greece more time to pay back its EU bai...

Egyptian Unrest Drives Oil Prices Higher

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Prices of oil and other commodities are rising, buoyed by fears that the unrest in Egypt could affect trade. With the global economy still struggli...

Exxon Posts Big Profit On Oil Demand

Posted 05.25.2011 | Business

HOUSTON (Reuters) - Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit as an improving world economy sparked hig...

William Alden

California's Town Bankruptcy Means Huge Sacrifices For Ordinary Workers

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

The American real estate boom turned Vallejo, California -- previously known for little more than the freeway that runs through it -- into a hot prope...

Obama's Job Creation Plan and Business Growth Coincide at Exporting

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

You can increase your revenues by selling products and services overseas, even if you've never done it before. Moreover, exporting creates jobs in America. That is why Obama wants the federal government to help you get started.

Comcast Completes NBC Takeover

Posted 05.25.2011 | Business

(Reuters) - Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television show...

Lobster In The Mountains, Riots On The Nile

Posted 05.25.2011 | Business

(Reuters) - The global elite, dining on Norwegian lobster and reindeer at the end of the World Economic Forum on Saturday, felt pretty chipper despite...

Economic Growth Hits Pre-Recession Speed

The Wall Street Journal | SARA MURRAY | Posted 05.25.2011 | Business

U.S. economic output finally regained the level reached before the recession, as growth sped up on stronger consumer spending and exports. Gross dome...

BofA Banker Bonuses Down, But Cash Awards Up

Posted 05.25.2011 | Business

CHARLOTTE, North Carolina (By Joe Rauch) - Senior investment banking executives at Bank of America Corp will likely see as much as 80 percent of their...

Hedge Fund Manager Reportedly Brought In $5 Billion Last Year

Posted 05.25.2011 | Business

BOSTON (By Svea Herbst-Bayliss) - Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the wor...

The Next Generation Of Wikileaks

Posted 05.25.2011 | World

BERLIN (By Mark Hosenball) - All across Europe, from Brussels to the Balkans, a new generation of WikiLeaks-style websites is sprouting. Like their f...

Man Gets 2 Years Prison For Disney Insider Trading Plot

Posted 05.25.2011 | Business

NEW YORK (By Bernd Debusmann Jr) - A man who admitted to scheming with his girlfriend to try to sell inside information about Walt Disney Co to hedge ...

Bank Bailouts: 'The Screwing Of The American People' (VIDEO)

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

In a video exploration of the bank bailouts, two cute creatures decide the bank bailouts amount to "the screwing of the American people." In the n...