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US$ Losing Hold on Reserve Currency Status (06/27/2011)
Dollar seen losing global reserve status--The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.More than half the - Click for more...
Ex-Citigroup VP Accused of Stealing $19 Mill (06/27/2011)
NEW YORK (Reuters) - A former vice president of Citigroup Inc was charged on Monday with embezzling more than $19 million from the company's accounts.Gary Foster, 35, was arrested on Sunday at New York's Kennedy airport on a flight arriving from Bang - Click for more...
White House: 'Significant' deal on debt possible
WASHINGTON (AP) — The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need - Click for more...
US economic fears dog stocks despite Greek hopes
LONDON (AP) — Concerns over the U.S. economic recovery continued to weigh on markets Friday despite hopes that Greece will get a second bailout.For most of Friday, the focus had been on Greece after EU leaders backed another bailout should the - Click for more...
The Games Bernanke Plays (06/24/2011)
Despite Bernanke's Efforts, Money Supply Is Stuck In The Slow Lane(Forbes) -- Federal Reserve Chairman Ben Bernanke continues to be the enemy of savers. On Wednesday, the Boston Red Sox fan reiterated his belief that interest rates should be kept at - Click for more...
Home sales hit 6-month low, supply rises
WASHINGTON (Reuters) - Sales of previously owned U.S. homes hit a six-month low in May and supply rose, pointing to a housing market still struggling to regain its footing.The National Association of Realtors said on Tuesday that sales slipped 3.8 pe - Click for more...
2011-06-21 A twist in Obama's Health Care Law
WASHINGTON (AP) — President Barack Obama's health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signe - Click for more...