LATEST NEWS
Find out what is happening in the economic and financial world in the US and the world in this area. Our news articles are updated frequently and will help you to gain added perspective on your money matters.
 New health care law means bad news for small businesses08 April 2013 Mark Maffia Small business owners fear the impact of a new law which will come into action next year. The new law is the is the so called Affordable Care act, which forces business-owners with more than 50 full-time employees to provide insurance coverage for everybody who works for them more than 30 hours a week. Read More >> |
 Yen drops to 33 - month low25 February 2013 Mark Maffia The yen dropped to 33 -month low against the dollar as a result of news that the new head of the Central Bank of Japan will be Haruhiko Kuroda, the president of the Asian Development Bank who stands for strong monetary easing against further deflation of the country. Read More >> |
 Unilever reports growing sales23 January 2013 Mark Maffia Unilever PLC, the Dutch/ British manufacturer of consumer products such as cosmetics, food and cleaning products reported a growth of their fourth quarter sales of 7.8 percent to $16.8 billion. Read More >> |
 The Economy May Get Worse Before It Gets Better27 November 2012 Which Way to Pay The Organisation for Economic Cooperation and Development has warned that the global economy is at risk. Read More >> |
 New developments in shale oil production could make the US the largest Oil Producer by 202012 November 2012 Which Way to Pay Early this morning the International Energy Agency suggested that due to the advances in shale oil production the U.S. will overtake Saudi Arabia as the largest producer of oil by 2020. Read More >> |
 US Manufacturing Unexpectedly Rises02 October 2012 16:00 Which Way to Pay The Institute for Supply Management have said their factor index rose to 51.5 in September from 49.6 in August. Read More >> |
 US Economy creates 96,000 Jobs07 September 2012 Mark Maffia According to official figures from the Bureau of Labor Statistics, the US economy created 96,000 jobs last month. The American economy has added just 139,000 jobs a month in 2012, which is below 2011’s average of 153,000. Read More >> |
 Oil Advance On US Economic Outlook13 August 2012 13:00 Florence Fullalove Oil rose in New York, adding to a second weekly gain, as a report that may show sales at US retailers increased in July, suggesting signs of economic improvement in the world’s biggest crude consumer. Read More >> |
 Looks Like There Are More Jobs Than Expected 31 July 2012 17:00 Phoebe Robinson In a survey undertaken by the private sector it has been revealed that US businesses kept hiring a modest pace in July, reflecting that maybe the job market could be improving after three very slow months Read More >> |
 Unemployment Figures Remain High 30 July 2012 11:00 Phoebe Robinson It does not look like high unemployment levels are going to go away if the US economy continues to grow as slowly as it did in the last quarter. Lower consumer spending levels held annual growth at 1.5% which is even less than the 2% rate in the first quarter. Read More >> |
 US Economic Growth Not Looking Promising 23 July 2012 11:00 Phoebe Robinson When people think about the crashing of the US economy, we automatically look back to 2008 and say that this is when the crisis started and when it all went wrong. Read More >> |
 US Housing Market Looking Good 18 July 2012 11:30 Phoebe Robinson Just when hopes were flailing over the US economy, a light has been cast on the economy that gives the country’s economy a more positive shine. New US homes rose in June to its fastest pace over three years which is just what the economy needs as it has been showing worrying signs of cooling. Read More >> |
 US Economy Appears Dimmer After Retail Report Released 16 July 2012 12:30 Phoebe Robinson The release of a report that Americans spent less at retail business for the third month in a row has cast a shadow over the US economy. The report has forced some economists to downgrade their estimates for economic growth in April-June quarter Read More >> |
 US Economy Hits More Problems 11 July 2012 12:00 Lucy Williams Last week saw disappointing results of the US jobs report as statistics showed an addition of 80,000 jobs, a long way off the forecast of 100,000 new jobs in June. Recent news and reports have shown that the US economy is still in a vulnerable position however there has been an increase in the demand for workers pointing to an expansion in some businesses as sales pick up. Read More >> |
 US Economy Not Looking Too Bright For The Future29 June 2012 12:00 Phoebe Robinson Figures have come in that show the US economy grew by 1.9% in the first quarter; this shows us that there was an increase in consumer spending. However this does not seem to have lasted as consumer spending seems to have calmed down as American’s hold back due to the worrying prospects of the global economy. Read More >> |
 Unemployment Causes The Economy To Suffer25 June 2012 14:00 Phoebe Robinson After much discussion to find a solution to the European debt crisis, the leaders of the Eurozone agreed to provide up to $164 billion to try to improve the Spanish economy. At home, economic data continues to disappoint and any discussion of the economy improving seems to be a last ditch effort to avoid talk of a recession Read More >> |
 US Retail Economy Takes A Turn For The Worse19 June 2012 05:00am Phoebe Robinson Data has shown there has been a slow down in the US economic recovery. For the second month in a row US retail sales have shown that the growth of the economy is not looking promising Read More >> |
 US Retail Sales Drop 0.2%14 June 2012 08:00am Florence Fullalove The Commerce Department has said US retail sales fell further in April and May, because of a sharp drop in gas prices and cautious consumer spending. Retail sales dipped 0.2% last month, following a revised 0.2% decline in April. Read More >> |
 US Consumer Confidence Falls In May30 May 2012 11:00am Victoria Wedderburn The Conference Board has said that its Consumer Index is down from 69.7 in April to 64.9 in May, which is the biggest drop in eight months. Read More >> |
 US Economy Shows Signs Of Cooling25 May 2012 11:00am Victoria Wedderburn The Commerce Department has said that in April companies place fewer orders for computers, machinery and other capital equipment for a second month, suggesting manufacturing in the US is cooling. Read More >> |
 Obama Urges EU To Do More22 May 2012 14:30 Florence Fullalove President Barack Obama has urged European governments to up their game in order to combat the debt crisis, adding that the trouble in Greece has an impact on the United States. Read More >> |
 US Economy Faces Challenges From Europe17 May 2012 11:00am Victoria Wedderburn Treasury Secretary Timothy Geithner said in a speech today that the US economy faces many challenges following the aftermath of the financial crisis and the situation in Europe. Read More >> |
 US Consumers Prices Flat As Gas Prices Fall15 May 2012 10:30am Mark Maffia The Labor Department said today that its Consumer Price Index was unchanged in April after rising 0.3% in March. This figure was in line with expectations. Read More >> |
 US Jobs Openings Highest Since 200809 May 2012 12:00pm Florence Fullalove The Labor Department has released its Job Openings and Labor Turnover survey that says the number of open positions increase by 172,000 to 3.74 million, the most since July 2008, prior to the financial crisis, from a revised 3.57 million the prior month. Read More >> |
 US Factory Growth Best In 10 Months02 May 2012 10:00am Crage Campbell The Institute for Supply Management has said US manufacturing grew in April at the strongest rate in 10 months suggesting that the economy is healthier than originally thought. Read More >> |
 Durable Goods Orders Fall Suggesting US Economy Is Losing Momentum25 April 2012 10:00am Florence Fullalove According to the Commerce Department demand for long-lasting manufactured goods was the weakest in three years last month suggesting the economy lost momentum as the first quarter ended. Read More >> |
 Romney and Obama Battle Over US Economy20 April 2012 11:00am Jack Stupple With polls consistently showing the economy is the top issue for voters Mitt Romney and Barack Obama have been battling over the issue Read More >> |
 US Retail Sales Better Than Expected16 April 2012 10:30am Jack Stupple According to figures from the Commerce Department, US retail sales rose more than predicted in March despite rising gasoline prices. Read More >> |
 US Economy To Grow 2.9% Over Next Year10 April 2012 10:00am Crage Campbell According to a report from Mellon Capital Management Corporation, part of BNY Mellon Asset Management the US economy is expected to expand by 2,9% over the next 12 months. Read More >> |
 US Emerging As Main Engine For Global Growth?03 April 2012 05:30am Victoria Wedderburn The Institute for Supply Management, a trade group of purchasing management said that its index of manufacturing activity rose to 53.4 in March, which is up from 52.3 in February. Read More >> |
 US Economy Grew 3% in Q429 March 2012 09:30am Victoria Wedderburn The US economy grew in line with predictions in the last quarter of 2011 while personal income grew at a faster pace than forecasted. The Commerce Department said that gross domestic product increased at a 3.0% annual rate Read More >> |
 Economists Say Fed Should Not Pump More Money Into US Economy27 March 2012 05:00am Florence Fullalove A poll compiled by the National Association for Business Economics indicated that over 60% felt the Fed’s two rounds of quantitative easing had been a “success” but 81% of economists surveyed said the Fed should not pursue another round of easing or bond-buying this year. Read More >> |
 Internet Accounts For 4.7% of US Economy 21 March 2012 12:00pm Victoria Wedderburn A new study compiled by Boston Consulting Group suggests that the internet economy will reach US$4.2 trillion in G20 economies by 2016. Read More >> |
 Higher Gas Prices Threaten US Economy19 March 2012 07:30am Jack Stupple If gasoline prices surpass $4 or $5 a gallon, experts have warned that Americans will cut down on spending and job growth could stall, posing a potentially serious threat to economic recovery. Read More >> |
 US Retail Rise Climb 1.1%14 March 2012 12:30pm Florence Fullalove In February U.S. retail sales rose at the fastest pace in five months adding to signs that the U.S. economy was steadily recovering. Read More >> |
 US Economy Adds 227,000 Jobs But Unemployment Remains Unchanged12 March 2012 13:00 Victoria Wedderburn The Bureau of Statistics has announced that 227,000 new payrolls were created during February but the unemployment rate remained unchanged staying at 8.3%. Read More >> |
 U.S. Economy Improving At Faster Pace Than Predicted06 March 2012 15:00 Jack Stupple Associated Press survey of 24 leading economists suggests that the unemployment rate will fall from its current 8.3% to 8% by Election Day. Read More >> |
 U.S. Gathers Momentum But Canada's Growth Slows29 February 2012 Which Way to Pay The latest economic data suggests that Canada’s economy looks set to stall while more people in the United States are getting jobs, buying houses and have more confidence in the economy. Read More >> |
 U.S. Economy To Grow 2.4% In 201227 February 2012 Which Way to Pay An economic survey released today has said the US economy will grow a respected 2.4 % this year with unemployment remaining steady and consumer spending subdued. Read More >> |
 US Industrial Production Unexpectedly Flat 16 February 2012 Which Way to Pay The Federal Reserve reported that industrial output last month was flat. Declines were seen in the mining and utilities sectors offsetting manufacturing gains. Read More >> |
 Obama Unveils Vision To Save US Economy14 February 2012 Which Way to Pay President Obama has set out the fundamentals for his last US budget before the election, urging Congress not to stand in the way of “America’s comeback.” Read More >> |
 Economy Strengthens as U.S. Adds Jobs & Unemployment Falls07 February 2012 Which Way to Pay The U.S. economy added nearly a quarter of a million jobs in January, the highest in 9 months according to the Department of Labor. Read More >> |
 US Consumer Confidence Declines02 February 2012 Which Way to Pay Consumer confidence in the United States dropped in January coming in below forecasts and put an end to two months of gains. Read More >> |
 2012 Election To Revolve Around Economy31 January 2012 Which Way to Pay The economy is set to the main focus for election candidates. Obama’s re-election campaign may be difficult considering unemployment is above 8% and GDP is growing below historical trend. Read More >> |
 US Economy Grows At Fastest Pace In Over A Year27 January 2012 Which Way to Pay The Commerce Department said today that gross domestic product expanded at a 2.8 % annual rate, a sharp increase from the 1.8 % seen in the third quarter of the same year. Read More >> |
 U.S. Economy On The Mend?24 January 2012 Which Way to Pay For now home sales are up and business confidence is rising and so the chance for improvement could be a real possibility as significant progress continues to be made in terms of government debt. Read More >> |
 U.S. Falling Behind Market Rivals20 January 2012 Which Way to Pay The United States, according to a recent report, is falling behind other nations and is less competitive than its market rivals. Read More >> |
 US Unemployment Falls To 8.5%06 January 2012 Which Way to Pay In the U.S. non-farm pay-roll data came in exceeding all expectations reaching highs of 200,000. With unemployment reaching a 3 year low, these figures, released by the Labour Department, point to a giant leap forward for U.S’s recovering economy. Read More >> |
 All Eyes On US Economy03 January 2012 Which Way to Pay It will be a busy week for US data. The ISM manufacturing report has shown that in December manufacturing grew at an accelerated rate. Read More >> |
 U.S. Data Takes Centre Stage22 December 2011 Which Way to Pay U.S. stock-markets futures pointed to a higher open for Wall Street, assisted by a rebound for European markets. Before trading Dow Jones Industrial Average futures were up 37 points, 0.3% to 12063. Read More >> |
 No Progress In Payroll Tax Showdown21 December 2011 Which Way to Pay Speaker John Boehner and House Republican negotiators urged Democrats to restart talks on extending the payroll tax cut today, but showed little progress in resolving a partisan standoff that now threatens to erode the paychecks of 160 million people across the US. Read More >> |
 House Republicans Call for Changes to Payroll Tax Deal20 December 2011 Which Way to Pay House Republican leaders have announced that they will not approve a bipartisan package on short-term tax break for workers in the latest squabble in Congress over the budget. Read More >> |
 $300 Million Investment in Twitter by Saudi Prince19 December 2011 Which Way to Pay Saudi Arabian Prince Walid bin Talal has announced that he has invested in $300 million worth of shares in media site Twitter as he continues to expand his US business portfolio. The investment by Prince Walid and the Kingdom Holding Company represents roughly 3% of Twitter. Read More >> |
 Poor Sales Lead to Store Shake-Ups16 December 2011 Which Way to Pay As retail sales have continued to fall since Thanksgiving weekend, retailers across America are shaking things up in order to combat this. Prices are being lowered, specials extended, stores open later some retailers are even moving the Saturday-before-Christmas sales. Read More >> |
 Initial Claims at Lowest Level Since 200815 December 2011 Which Way to Pay Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that initial claims were at their lowest level since May 2008. Read More >> |
 US Federal Reserve Takes No Action14 December 2011 Which Way To Pay Tuesday saw the Federal Reserve announce that it was not taking any further action for 2011, keeping up existing stimulus to up economic growth but not starting any additional efforts. The news comes as more evidence that the US economy is sluggishly returning to health emerges. Read More >> |
 Iran Reject US Request to Return Captured Drone13 December 2011 Which Way to Pay Iran has rejected a US call for the return of a surveillance drone captured by Iran's military earlier this month. The unmanned aircraft was now "property" of Iran and it was up to Iran to decide what to do with it, Defence Minister Ahmad Vahidi said. Read More >> |
 Congress to Debate Massive Spending Bill08 December 2011 Which Way to Pay Conservative flashpoint issues from abortion and abstinence education to President Barack Obama's health care law are the biggest obstacles to Congress completing a massive year-end spending bill next week that would keep the government running through next September. Read More >> |
 Citigroup to Cut 4,500 Jobs07 December 2011 Which Way to Pay Citigroup Inc. Chief Executive Officer Vikram Pandit will cut about 4,500 jobs in coming quarters as he seeks to reduce costs amid slumping revenue and "unprecedented" market conditions. Read More >> |
 28,000 US Postal Service Jobs Cut06 December 2011 Which Way to Pay Over 50% of the mail-processing centers run by the US Postal Service are to be shut down as part of a $3 billion austerity scheme, which is expected to see 28,000 jobs lost. Read More >> |
 Cain Suspends Campaign Following Affair Allegations05 December 2011 Which Way to Pay Us presidential candidate Herman Cain has announced that he is suspending his campaign for the Republican nomination. His reasoning was tied up with the ‘false’ allegations of engaging in an extra-marital affair for 13 years, as well as sexual harassment and the resulting political and media pressure on him and his family. Read More >> |
 120,000 Jobs Added in US02 December 2011 Which Way to Pay November saw another average month of job creations in the US. According to the Labor Department, 120,000 jobs were added by employers last month. The mediocre figure comes after 100,000 positions were created in October. Read More >> |
 Draghi Hints at Increasing Eurozone Support01 December 2011 Which Way to Pay The president of the European Central Bank, Mario Draghi, today hinted that the bank may increase its support of the eurozone economy should its political leaders take firm action to prevent debt crisis in the future. Read More >> |
 AMR Corporation Goes Bankrupt30 November 2011 Which Way to Pay The parent company of American Airlines, the AMR Corporation, announced today that they have filed for Chapter 11 bankruptcy protection in an attempt to lower the costs of labor and rid the company of huge debts. Read More >> |
 Retailers See Record Sales Over the Weekend28 November 2011 Which Way to Pay Following fierce promotions from retails across the country for Black Friday, American shoppers set records in both traffic and sales, returning consumer activity to levels not seen since before the recession. Read More >> |
 European Debt Crisis Worsens25 November 2011 Which Way to Pay In another sign of Europe's worsening crisis, two Italian debt auctions drew poor demand today, sending bond yields soaring and keeping investors on edge. Read More >> |
 Black Friday Divides Shoppers24 November 2011 Which Way to Pay Tonight the busiest shopping weekend of the whole year begins. But the sales are set to vary considerably for affluent Americans and those with lower budgets. The state of the economy will be displayed clearly for all to see. Read More >> |
 Nokia Siemens Work Force to be Cut by 23%23 November 2011 Which Way to Pay Technology giants Nokia and Siemens have announced major job cuts throughout their joint equipment venture Nokia Siemens Networks today. The company plans to cull 23% of jobs in an attempt to boost profits as the network gear market stalls. Read More >> |
 US Economic Growth Downwardly Revised for Third Quarter22 November 2011 Which Way to Pay The US economy expanded at a slower rate than previously thought throughout the third quarter this year. Read More >> |
 US Gasoline Prices Fall Slightly21 November 2011 Which Way to Pay The price of gasoline across the country fell by almost 5 cents as the Thanksgiving holiday approaches and a slump in demand and cheaper crude prices maintain pressure on costs. Read More >> |
 Boeing Wins Largest Order with $21.7 Billion Lion Air Deal18 November 2011 Which Way to Pay Boeing has bagged its biggest commercial order after signing a deal worth $21.7bn (£14bn) with Indonesian airline Lion Air. Read More >> |
 US Inflation Eases as Consumer Prices Fall16 November 2011 Which Way to Pay The Labor Department has released data that signals that consumers paid less for cars, computers and gas throughout October, with overall prices falling for the first time since June. This has led to an easing in inflation following the spike in prices seen in spring. Read More >> |
 Retail Sales Increased by 0.5% in October15 November 2011 Which Way to Pay Retail sales across the US rose throughout October, with Americans especially spending more money on electronics, autos and building supplies. This marks October as the fifth consecutive month to see hikes in retail sales, according to the Commerce Department. Read More >> |
 Banks Quietly Hike Costs to Consumers14 November 2011 Which Way to Pay Even as Bank of America along with various other major lenders turn away from charging customers to use their debit cards, many banks have been quietly imposing several additional new fees. Read More >> |
 Unemployment Aid Lowest For 7 Months11 November 2011 Which Way to Pay The number of people across the United States claiming unemployment benefits fell last week to the seasonally adjusted level of 390,000 according to the Labor Department. Read More >> |
 G.M. Profits Drop 2% to $1.6 Billion09 November 2011 Which Way to Pay The vehicle manufacturing giant Ford Motor Co. published its third quarter earnings today. The company earned $1.6 billion throughout the period, a decrease of 2% from the same quarter a year ago. Read More >> |
 Sales in Retail Sector Slow Throughout October03 November 2011 Which Way to Pay Figures released today show that same-store sales slowed down in October, which does not bode well for retailers across America as we head into the holiday season, the most important and lucrative time of year. Read More >> |
 Debit Card Fee Cancelled by Bank of America02 November 2011 Which Way to Pay Bank of America have announced that will not be imposing a plan to charge customers $5 a month for making payments with a debit card after fierce opposition from its customers. Read More >> |
 MF Global Under Investigation for Missing Money01 November 2011 Which Way to Pay Having filed for bankruptcy protection only yesterday, the brokerage firm MF Global is under investigation by federal regulators after millions of dollar of customer money is unaccounted for over the last few days. Read More >> |
 MF Global Files for Bankruptcy Protection31 October 2011 Which Way to Pay The US brokerage firm MF Global has filed for bankruptcy protection today, making it the first company to do so in US since the European debt crisis. Filing for Chapter 11 bankruptcy protection, the company’s parent firm has identified liabilities of over $1 billion and listed its assets at $100 million to $500 million. Read More >> |
 Rick Perry Unveils Tax Reforms25 October 2011 Which Way to Pay Rick Perry, the presidential candidate for the Republican Party in the 2012 elections has unveiled a tax plan that aims to reform the current tax code and turn the US economy around. Presenting his plan, Perry wrote in the Wall Street Journal outlining his proposals, revolving mainly around a flat, voluntary tax at the rate of 20% for both incomes and companies. Read More >> |
 Late Payments on Credit Card Debt Up in September24 October 2011 Which Way to Pay Five of the six biggest issuers of credit cards in the United States have seen late payments increase throughout September. It would seem like consumers across the country are struggling through the sluggish economic times, and are struggling to pay off credit card debt. Read More >> |
 Social Security to Increase by 3.6%19 October 2011 Which Way to Pay For the first time in three years, senior citizens are to see their Social Security increase. The extra money is not however expected to help the majority of senior citizens. Hiked premiums in Medicare are expected to take out most of the raise. Read More >> |
 Apple Sells Record Numbers of iPhone 4S18 October 2011 Which Way to Pay Technology giant Apple today announced that over 4 million of the new iPhone 4S smartphones have been sold since it was launched just 3 days ago. This is a record for sales of any iPhone since its launch. The number outstrips the amount of iPhone 4 devices that were sold during last year’s opening weekend by more than double. Read More >> |
 US Stocks Make Comeback on Strong Retail Sales14 October 2011 Which Way to Pay Wall Street climbed this morning as strong figures were reported for retail sales throughout September across the US at the fastest rate seen in several months. The broad S&P 500 index gained 16.17 points, 1.34%, and was up to 1,219.83. Read More >> |
 Weak Global Economy Shown in US and China Figures13 October 2011 Which Way to Pay The current slowdown in the global economy has been highlighted by reports released today over the trade relationship between China and the US. The trade deficit in the US was largely unchanged throughout August at $25.6 billion. This is the lowest figure since April, and over $100 million less than the same month last year. Read More >> |
 New iPhone Pretty Cool!12 October 2011 Which Way to Pay Lots of avid fans of Apple technology were disappointed when the iPhone 5 release was actually the iPhone 4S. People wanted a new look and amazing new technology, which apparently the 4S does not provide. But there are various improvements to the new model that are pretty cool, even if it does look the same. Read More >> |
 Social Media to Generate $10 Billion in 201111 October 2011 Which Way to Pay The technology research firm Gartner claim that worldwide revenues generated from social media sites, like Facebook, are up by 41% from 2010 and are on track to reach $10 billion by the end of the year. The company predicts that profits will grow exponentially over the next few years, and have growth projections of 50% by next year, and are expected to triple by 2015 to $29 billion. Read More >> |
 Incomes Fall Over US10 October 2011 Which Way to Pay A study conducted by former Census Bureau officials has shown that disposable household income fell more in the two years after the recession than in the recession years themselves. From December 2007 to June 2009, the official time span of the recession, disposable income fell on average by 3.2% across the US. Read More >> |
 153,000 Signatures on Petition Over Debit Card Fee07 October 2011 Which Way to Pay A 22 year old customer of the Bank of America has started a grassroots campaign to refute the $5 fee the bank is planning to introduce on debit cards. Today Molly Katchpole handed in over 153,000 signatures on a petition against the fees to a branch of the bank in Washington D.C. Read More >> |
 Sarah Palin Not to Run for President in 201206 October 2011 Which Way to Pay Sarah Palin has released a statement in which she announced that she will not run a presidential campaign next year. Instead, she and her husband are going to ‘devote ourselves to God, family and country’. The announcement comes after months of speculation over Palin’s next move. She has slipped in popularity polls among Republicans over the past few months. Read More >> |
 Holiday Jobs Raise Hopes Over Unemployment Rate05 October 2011 Which Way to Pay Regardless of the volatile economy, many leading retailers have said that they intend to create the same number of jobs, if not more, in preparation for the holiday season as last year. The Christmas period of 2010 saw almost a 50% increase in temporary hiring. Although the numbers are not significantly higher than last year, increases can be seen. Read More >> |
 Need a Loan but Have Bad Credit?04 October 2011 Which Way to Pay If you have a bad credit history and need a loan, then you know how hard it can be to be approved from traditional lenders such as banks. A bad credit loan is specially designed for those people in need of a loan but have a less than perfect borrowing history. Read More >> |
 Soros Sympathises with Wall Street Protesters04 October 2011 Which Way to Pay The investor George Soros who made his billions on the financial markets has said that he sympathises with the protests on Wall Street, which are spreading across the country. Soros commented that he understands that taxpayers are angry that their money is propping up troubled banks, enabling them to make huge profits. Read More >> |
 Government Backed Geothermal Plant Struggles03 October 2011 Which Way to Pay A large geothermal plant in a remote region in north Nevada is in financial trouble regardless of a loan guaranteed by the Obama administration. The plant is operated by a clean energy start-up company that is heavily politically connected. Like the solar company Solyndra which is also struggling with crippling financial problems despite government grants, Nevada Geothermal Power is experiencing serious problems at its single site. Read More >> |
 Banks to Introduce Debit Card Fee30 September 2011 Which Way to Pay The biggest bank in the US, Bank of America, has announced plans to start debit card fees of $5 per month for using the cards for purchases. This is just one change of several to be introduced to increase the bank’s profits, often at the expense of its customers. Read More >> |
 US Economic Growth at 1.3% in Second Quarter29 September 2011 Which Way to Pay The Commerce Department has announced its third estimate for the second quarter, between April and June, predicting that the US economy expanded at an annualised rate of 1.3%. This is 0.3% higher that the Department’s second estimate, but the same as their initial estimation for the quarter. Exports and consumer spending both were stronger than previously thought. Read More >> |
 Listeria Outbreak in Colorado28 September 2011 Which Way to Pay So far there have been at least 13 deaths and 72 people taken ill following an outbreak of listeriosis. The source of the bacteria has been announced by health officials to be cantaloupes from Colorado and is the worst food outbreak for more than ten years. The cantaloupes have been reported to come from a farm in the town Holly, and have been recalled. Read More >> |
 Deloitte Sued $7.6 Billion over Mortgage Fraud27 September 2011 Which Way to Pay The accounting and consulting giant Deloitte Touche Tohmatsu is fighting allegations over failings when dealing with a mortgage firm, which led to the company’s demise during the housing crash in the US. Deloitte stands accused of missing fraudulent activity in Taylor, Bean & Whitaker (TBW) during audits. Read More >> |
 August Sees Sales of New Homes Fall26 September 2011 Which Way to Pay For the fourth consecutive month, the sale of new homes fell throughout August as the home building market struggles. In August new builds sold at the seasonally adjusted level of 295,000. This is 2.3% less than the previous month which saw 302,000 homes sold, according to the Census Bureau. Although the rate fell, the numbers were better than the expected rate of 293,000. Read More >> |
