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Economics News

Has the Consumer Finally Defeated the Worker?

Jacques Attali | Posted 10.28.2014 | World
Jacques Attali

Our elected representatives would rather upset those who come back from the office or the factory than those returning from the supermarket. The person elected chooses to encourage the lowering of product prices because that appeals to the consumer, even though this decrease favors imports and hurts local workers. The elected official chooses to increase taxes on work and to lower taxes on consumption: more income tax and less value added tax.

Goldman Sachs Plans To Hire 1,000 In Singapore While Cutting U.S. Jobs

The Huffington Post | Bonnie Kavoussi | Posted 08.27.2011 | Business

Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at...

Cost Of Childcare Has Skyrocketed In Last 50 Years

24/7 Wall St. | Michael A. Sauter | Posted 08.25.2011 | Business

It cost $25,299 to raise a child from birth to age 18 in 1960. The amount rose to $226,920 last year. This may be one of the reasons many reasons Amer...

Stocks Fall On Concerns Over Greece

Posted 08.24.2011 | Business

NEW YORK (Edward Krudy) - Stocks headed for three days of losses on Friday on worries about the Italian banking sector and Greece's austerity plan...

Bonnie Kavoussi

Federal Reserve Keeps Power On Reserve For Another Day

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.22.2011 | Business

NEW YORK -- Another major policymaker has decided to take a more detached stance toward the economic slowdown. Federal Reserve Chairman Ben Bernank...

Bonnie Kavoussi

As Greece Teeters Closer To Default, Investors Bet On Political Will For Preserving European Union

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.20.2011 | Business

As Greece teetered closer to the precipice of government default, investors appeared to come to the conclusion on Monday that although the troubled co...