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The Fed

Stimulating a Dead Economy

Jim Worth | Posted 08.17.2011 | Business
Jim Worth

The U.S. economy is surviving only because of over-stimulation. We're living on fumes in this country, and the pursuit of happiness has come to an end for millions of families.

The Economic Hangover: Part Two

Don McNay | Posted 08.08.2011 | Business
Don McNay

The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.

Fed Announces Plans To Hold Regular Media Briefings

Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke will start holding regular media briefings on monetary policy next month, a historic shift to greater openne...

Zach Carter

House Republicans Amplify Attacks On Elizabeth Warren, Consumer Protection | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- In a hearing marked by openly hostile questioning from House Republicans, consumer advocate Elizabeth Warren made her highly anticipated...

Zach Carter

Gambling On Hunger | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Since July, the price of corn has jumped 62 percent. Wheat has climbed by two-thirds, and soybeans are 38 percent more expensive. For ma...

Zach Carter

GOP Budget Would Cut Consumer Protection Agency's Funding In Half | Zach Carter | Posted 05.25.2011 | Business

With reporting by Ryan Grim and Elise Foley WASHINGTON -- A new federal budget proposal from House Republicans would dramatically restrict the budget...

Zach Carter

New York Fed Economists: Bush-Era Bankruptcy Law Fueled Over 200,000 Foreclosures | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Economists at the New York Federal Reserve have concluded that a controversial 2005 law backed by banks and credit card companies pushed...

Zach Carter

Fed Officially Abandons Plan To Gut Predatory Lending Rule | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- The Federal Reserve Board of Governors confirmed Tuesday that it will not proceed with plans to gut a principal federal remedy for preda...

Zach Carter

Fed Caves On Predatory Lending Rule | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- Following a public outcry from consumer advocates, the Federal Reserve is quietly backing down from a plan to gut the most significant f...

Hiding America's Real Economy

Jim Worth | Posted 05.25.2011 | Business
Jim Worth

America's economy seems to be recovering, but is that the 'real' story? Some fourth quarter economic indicators -- retail sales, manufacturing, stock...

Zach Carter

Key Senator Urges Obama To Push Foreclosure Relief | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) is urging President Barack Obama to pledge a new round of foreclosure relief during his State of the Union ad...

Zach Carter

Fed CAVES On Foreclosure Regulations | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- The Federal Reserve has reversed its opposition to new rules reining in foreclosure abuses, and will support stronger regulations on the...

Zach Carter

Fed Moves To Gut Predatory Lending Regulation | Zach Carter | Posted 05.25.2011 | Business

The Federal Reserve is pushing a new mortgage regulation that would effectively eliminate the most powerful federal remedy for predatory lending. Th...

Zach Carter

Democrats Push New Foreclosure Rules | Zach Carter | Posted 05.25.2011 | Business

Several key House Democrats are circulating a letter urging support for new regulations that would crack down on what critics say are rampant foreclos...

Zach Carter

Fed BLOCKS New Foreclosure Rules, Throws Homeowners Under The Bus | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- Top policymakers at the Federal Reserve are fighting efforts to rein in widely reported bank abuses, sparking an inter-agency feud with ...

Jimmy V, Elizabeth, Aretha & The Economics of Cancer

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

We have become a nation where our leaders can throw billions at places like Goldman Sachs, which does nothing to touch the lives of average Americans, but underfund the war against cancer, which touches almost every family.

Separated at Worth

Marian Salzman | Posted 05.25.2011 | Business
Marian Salzman

This is the eighth in a series of 12 posts expounding on the 2011 forecasts in the annual trends report from Salzman, president of Euro RSCG Worldwide...

How to Live on $0 a Day: Hey Government, I'm Talking to You

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

2010-12-09-obamavideochat.jpgI know we have an image to keep up as a superpower, but you're going to have to cut back on state dinners and other costly social events here and abroad.

Fed Pushing To Drop Foreclosure-Fighting Rule

McClatchy | Tony Pugh | Posted 05.25.2011 | Business

As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosu...

All the Devils Are Here: Best Business Book of the Year

Don McNay | Posted 05.25.2011 | Business
Don McNay

McLean and Nocera don't give us an idea as to where to look for angels. But the book is comprehensive, and I feel certain that all the devils are here.

Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011 | Books
Don McNay

Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?

It's All Obama's Fault

Fred Rotondaro | Posted 05.25.2011 | Politics
Fred Rotondaro

You know the massive inequality that has come to America? Well, none of that is the fault of Wall Street or the Republicans who have been in power and promoted the policies that led to this stuff. It's all Obama's fault.

What will the Recovery Look Like?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The knee-jerk style of economic planning in firms around the country is the result of no one in Washington thinking past the next news cycle. Everyone is looking for "quick fix" to get us back to "normal."

Conservatives Are Clueless on Jobs

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Paul Ryan's quest to slash government spending is a job-killing agenda. He has to resort to crazy incoherent arguments about interest rates because everybody can see that spending money to create jobs will, you know, create jobs.

Don't Let Goldman Sachs Off the Hook

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

We want Fed money to be fueling business and consumer lending -- we don't want it to be encouraging gambling in the securities and derivatives casinos.