News
Obama Has Up To $1 Million in JP Morgan
Yahoo News
May 16, 2012
US President Barack Obama has up to $1 million in a JPMorgan Chase checking account, the White House said Tuesday as a controversy deepened over the bank's $2 billion dollar losses.
Greece On Brink of Collapse
The Telegraph
May 16, 2012
As leaders in Athens accepted the need for a new general election to end a national stalemate, the International Monetary Fund said Europe’s leaders should prepare for the possibility of a Greek departure from the single currency.
Bank Runs Hit Greece
CNBC
May 15, 2012
Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.
Obama’s ‘Vampire’ Capitalists
The Wall Street Journal
May 15, 2012
Maybe the Obama re-election campaign isn't the error-free juggernaut of media lore. Consider the puzzling decision to start trashing Mitt Romney's record at Bain Capital on the same day that President Obama was hitting up private-equity grandees for campaign contributions. Did David Plouffe think no one would notice?
‘Taxmaggedon’ Is a Real Threat
The Wall Street Journal
May 14, 2012
Nine years ago this month Congress passed President George W. Bush's Jobs and Growth Tax Relief Reconciliation Act. That bill's lower rates on capital, as well as the continuity in tax policy it established, have helped make our economy far more resilient.
Recoverable Oil ‘About Equal to Entire World’s Proven Oil Reserves’
CNS News
May 14, 2012
The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.
Obama Pushes Billion Dollar Stimulus Plan
The Washington Times
May 14, 2012
Putting pressure on Congress to approve parts of his latest economic stimulus plan, President Obama urged Americans Saturday to push lawmakers to approve his multibillion-dollar “to-do list” for creating jobs.
Mortgage Market Still Hampers Housing Recovery
CNBC
May 10, 2012
The Realtors say it, the home builders say it, and now the chairman of the Federal Reserve is saying it: “Some creditworthy borrowers are still having trouble getting a mortgage.”
New Chrysler Battling Old Defects
The Wall Street Journal
May 10, 2012
Through bailouts and bankruptcy, there is one liability that Chrysler Group LLC hasn't yet managed to shed: its reputation for lousy quality.
U.S. Trade Deficit Widens
The Wall Street Journal
May 10, 2012
The U.S. trade deficit widened in March, with a wave of oil imports and Chinese goods proving enough to overwhelm record-high exports.