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Economist Predicts Just 2% Growth In 2010

New York Times | GRETCHEN MORGENSON | Posted 11.28.2009 | Business

Read More: Mortgage Purchase, Earnings, Cost Cutting, Walmart, Recovery, Lending, Credit Crisis, Economic Growth, Mcdonalds, Dubai, Gdp, Federal Reserve, Fed, Bernanke, Financial Crisis, Wall Street, Productivity, Business News

A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mea...

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Spending Up, Jobless Claims Down, But Still No Economic Recovery Yet

Posted 11.25.2009 | Business

Read More: Paul Krugman Nyt, Unemployment, Spending, Fed, Economy, Unemployment Claims, Paul Krugman New York Times, Krugman, New York Times, Federal Reserve, Paul Krugman, Jobless Claims, Economic Recovery, Consumer Spending, Business News

There's good news and bad news today for the US economy. The good news is that consumer spending rose 0.7% last month, according to the Commerce Depar...

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Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 11.24.2009 | Business

Read More: Tarp, Geithner, Repayment Plan, Stress Tests, Goldman Sachs, Bank of America, Paulson, Timeline, Regions Financial, Gmac, Wells Fargo, Fdic, Failed Banks, Toxic Asset Relief Plan, Fed, TARP Repayment, Treasury, Banks, Financial Crisis, Citigroup, Business News

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

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US Facing Waves Of Debt Payments

New York Times | EDMUND L. ANDREWS | Posted 11.23.2009 | Politics

Read More: Debt, Congress, Federal Deficit, Social Security, Obama, Debt Payments, Babyboombers, Borrowing, National Debt, White House, Fed, Treasury, Financial Crisis, Medicare, Politics News

WASHINGTON -- The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.'s on terms that seem too good to be...

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Revisiting The Fed's Bailout Of AIG And The Benefits For Goldman Sachs

New York Times | GRETCHEN MORGENSON | Posted 11.22.2009 | Business

Read More: Tarp, Barofsky Tarp Report, Getihner, Goldman Sachs, Tarp Report, AIG Bailout, Neil Barofsky, Goldman, Taxpayers, The Fed, Aig, Bailout, Fed, New York Fed, Treasury, Bernanke, Hedge, Financial Crisis, Hank Paulson, Business News

A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, p...

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Ryan Grim

Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle

HuffingtonPost.com | Ryan Grim | Posted 11.19.2009 | Politics

Read More: Fed, Ron Paul, Barney Frank, Federal Reserve, Monetary Policy, Congress, Alan Grayson, Politics News

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Comm...

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Ryan Grim

Economists Opposing Fed Audit Have Undisclosed Fed Ties

HuffingtonPost.com | Ryan Grim | Posted 11.18.2009 | Business

Read More: Mel Watt Fed, Fed Economists, Fed, Federal Reserve, Audit the Fed Economists, Audit the Fed, Business News

As the debate over an audit of the Federal Reserve intensifies in the House, one camp is trotting out eight academics that it calls a "political cross...

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TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Posted 11.16.2009 | Business

Read More: Tarp, White House, TARP Money, Lending, Economy, Bailouts, Regulation, Obama, Taxpayers, Recession, Wall Street, Bailout, Fed, Treasury, Banks, Citigroup, Cit, Business News

According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent d...

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Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 11.09.2009 | Politics

Read More: Fed, Geithner, Timothy Geithner, Sec, Larry Summers, Too Big to Ail, Lobbying, Bank of America, Lobbyists, Chase, Paulson, Economy, Metlife, Regulation, JP Morgan, Obama, Democrats, Prudential, Recession, Barney Frank, House, Senate, House Financial Services Committee, Henry Paulson, White House, Treasury, Hank Paulson, Kanjorski, JP Morgan Chase, Republicans, Politics News

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

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Big Pharma's Crime Spree: Drug Makers Pushing Products For Unapproved Uses

Bloomberg | David Evans | Posted 11.09.2009 | Business

Read More: Big Pharma, Alzheimer's Disease, Unapproved Uses, Doj, Drug Marketers, Criminal Lawsuit, Eli Lilly, Regulation, Fda, The Fed, Lawsuit, Pharma, Nimh, Jama, Department of Justice, Kickbacks, Federal Reserve, Fed, Bristol-Myers Squibb, Warner Lambert, Marketing, Warner-Lambert, Neurontin, Thalidomide, Depression, Bankruptcy, Off-Label Promotion, Zyprexa, Bextra, Suicide, Lilly Pfizer, Pharmacia and Upjohn, Felonies, Pharmacia & Upjohn, Bristol Myers Squibb, Morning Sickness, Drug Regulation, Profits, Health, Drug Sales, Corporate Greed, Atom Strategic Consulting, Birth Defects, Zyvox, Business News

Pfizer and Lilly lead a parade of U.S. companies that have paid $7 billion in penalties after promoting drugs for uses not approved by the FDA. This u...

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Congress and TBTF: Bring in the Bomb Squad

Joshua Rosner | Posted 10.29.2009 | Business

Read More: Fed, Tbtf, Finance, Regulation, Treasury, Congress, Obama, Fannie and Freddie, Contingent Capital, Business News
Joshua Rosner

This bill is one more act of sleight of hand by a Congress that, to the detriment of the public, fails to see that banks are there to serve the public good and can be regulated with such a goal.

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Arthur Delaney

Bernanke's Conferences At Luxury Resorts: Do Lobbyists Show Up?

HuffingtonPost.com | Arthur Delaney | Posted 10.28.2009 | Business

Read More: Transparency, Lobbyblog, Lobbying, Fed, Federal Reserve, Bernanke Resort, Fed Resort, Bernanke Bacara, Business News

Federal Reserve Chairman Ben Bernanke has been spending some time at fancy places. Last week, Bernanke spoke at a Fed conference at a luxurious resort...

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Happy Halloween: Pay Curbs are a Trick on the Taxpayer, Not a Treat

Marshall Auerback | Posted 10.27.2009 | Politics

Read More: Halloween, Tbtf, Chrysler, Derivatives, Fed, Treasury, Citibank, Aig, Obama, Ben Bernanke, Happy Halloween, Politics News
Marshall Auerback

The new pay regulations are ostensibly designed to try to align the financial incentives of managers with the longer-term performance of their firms. This measure reeks of bogus populism.

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How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 10.26.2009 | Business

Read More: Geithner, John Thain, Hank Paulson, The Logical Trader, Bush, Bill Gross, Paulson, Bailouts, Economic Crisis, Bank of America, Aig, Obama, Bofa, Taxpayers, Barack Obama, Recession, Mark Fisher, Warren Buffet, Merrill Lynch, Wall Street, Bailout, Finance, Lehman Brothers, Fed, Tim Geithner, Bernanke, Treasury, Banks, Ben Bernanke, Business News

When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

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Ryan Grim

GOP Sen. Shelby: Reorganize The Fed

HuffingtonPost.com | Ryan Grim | Posted 10.22.2009 | Politics

Read More: Audit the Fed, Fed, Fed Audit, Shelby Fed, Federal Reserve, Financial Crisis, Richard Shelby, Fed Conflict of Interest, Politics News

The directors of the Federal Reserve regional banks are selected by the very banks that the Fed is supposed to regulate. It's a bizarre entanglement o...

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Shahien Nasiripour

Fed Chair Balks At Speed-Up Of Credit-Card Rules

HuffingtonPost.com | Shahien Nasiripour | Posted 10.21.2009 | Business

Read More: Federal Reserve, Credit Cards, Fed, Bernanke, Business News

Federal Reserve Chairman Ben Bernanke has told Congress that accelerating the effective date of credit card reform legislation would be good for consu...

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Exceptions To Derivatives Trading Rule Dilute Regulation

New York Times | GRETCHEN MORGENSON | Posted 10.17.2009 | Business

Read More: The Federal Reserve, Larry Summers, Clinton, Lehman Brothers, Derivatives Regulation, Aig, Obama Administration, Regulation, Obama, Legislation, House, Senate, White House, Economic Policy, Fed, Financial Services Committee, Treasury, Banks, Derivatives, Gary Gensler, Wall Street, Timothy Gueithner, Bill, Business News

Derivatives regulation has been on the nation's financial reform agenda for months. Undoing the Clinton-era law that exempted swaps from oversight is ...

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The US Dollar: Don't Just Do Something, Stand There!

Marshall Auerback | Posted 10.15.2009 | Business

Read More: Fed, Credit Crisis, Default, Inflation, Dollar, Interest Rate, Depreciation, Business News
Marshall Auerback

It seems there isn't a day that goes by without more commentary on the demise of the dollar and the concomitant risk of a collapse of the world's reserve currency.

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Next Stop: Inflation

James Berman | Posted 10.08.2009 | Business

Read More: Gdx, Depression, Gdp, Deflation, Federal Reserve, Fed, Cpi, Bernanke, Tips, Gold, Monetary Policy, Rising Inflation, Recession, Inlfation, Business News
James Berman

The market has had the biggest six month rally since the 1930s and stocks cannot go up forever. We can't time the sell-off, but we can prepare for one of its likely causes: inflation.

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Want Less Risk? Hire More Women!

Dr. Sasha Galbraith | Posted 10.06.2009 | Business

Read More: Earnings, Fed, Women, Pay, Testosterone, Risk Aversion, Banking, Federal Reserve, Compensation, Occupational Sex Segregation, Gender, Risk, Gender Inequalities, Women in Finance, Women CEOs, Business News
Dr. Sasha Galbraith

The higher the amount of testosterone, the more willing people are to take risks. Women, with considerably less of the male hormone coursing through their bodies, are more risk averse.

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Skewed Recovery

Max Fraad Wolff | Posted 09.29.2009 | Business

Read More: Debt, Fed, Economy, Economic Crisis, Mortgage Crisis, Financial Crisis, Fannie Mae, Economic Recovery, Fannie Mae Freddie Mac Bailout, Business News
Max Fraad Wolff

Angry masses see the recession as purely financial. This is false. Policy makers have rushed to address the financial crisis. This is near sighted. We have addressed one of our afflictions and left the greater economic problems under-appreciated and unaddressed.

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Credit Cards: Federal Reserve Closer To New Limits

AP | JEANNINE AVERSA | Posted 09.29.2009 | Business

Read More: Credit Card Companies, Fed, Economy, Card Check, Federal Reserve, Credit Cards, Recession, Business News

WASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The prop...

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Bill Sparkman Murder: Tragic Details About Census Worker Found Hanged

Posted 11.23.2009 | Politics

Read More: William Sparkman, Census Bureau, Daniel Boone National Forest, Homicide, Fed, Suicide, Fbi, Bill Sparkman, Kentucky, Census Worker, London, Ky, Politics News

William E. Sparkman Jr. was a 51-year-old single father who once battled Non-Hodgkin Lymphoma while he pursued his teaching degree, according to a Mar...

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Census Worker Hanged: Bill Sparkman Found With "Fed" On Body

AP | DEVLIN BARRETT and JEFFREY McMURRAY | Posted 11.23.2009 | Politics

Read More: Bill Sparkman Hanged, William Sparkman, Census Worker Hanged With Fed on Body, Census Worker Kentucky Hanged, Fed, Census Worker Kentucky, Bill Sparkman, Census Worker, Census Worker Hanged Fed, William Sparkman Hanged, Census Worker Hanged, Kentucky Census Worker, Census Worker Found Dead, Census Worker Dead, Politics News

MANCHESTER, Ky. — A U.S. Census worker found hanged from a tree near a Kentucky cemetery had the word "fed" scrawled on his chest, a law enforce...

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Fed Rejects Geithner's Request To Review Central Bank's Operations

bloomberg.com | Craig Torres and Robert Schmidt | Posted 11.21.2009 | Business

Read More: Federal Reserve, Federal Reserve Board, Tim Geithner, Treasury Secretary, Fed, Business News

Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the centra...

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