News

The unemployment rate may not be the forcasting measurement of the economy that it once was. An unemployment rate of any amount without the details of other economic conditions does not tell the true tail in this global society.

A rise in people who are not working and who are collecting unemployment without actively looking for a position, without savings and a mortgage about to go into foreclosure may tell a much better forecast of what is to come in 2009.

Business News

July 10, 2008

By Senior Staff Editor, Corey May

Will Uncle Sam Go Up the Hill after Fannie and Freddie Fall Down?

It appears that the two governments sponsored housing markets, Fannie Mae and Freddie Mac, are taking a tumble. Fannie fell 13.8% on Thursday and Freddie dropped 22.0%. Although these government created organizations have shareholders, the government does not guarantee their sponsorship. It appears that Fannie and Freddie have fallen, but it also appears that the government will take them up the hill.

Business News 2

July 10, 2008

By Staff Writer, Christopher T. Maxwell

Bush Bails Out Phone Companies’ Liability over Surveillance

After a long haul of debates, President Bush has approved a bill to shield telephone companies for their cooperation in the White House’s controversial wiretap program. This bill grants the US government the power to continue with the telephone surveillance program that involves warrantless wiretaps.

July 10, 2008

By Staff Writer, Christopher T. Maxwell

Could China’s Population Boom be Healthy for US Pharmaceuticals?

What do you get with the booming economy in China? You get an enormous growth of population according to the National Population and Family Planning Commission. This means an increase in the need for food, the need for fuel and everything in between, including health care. China’s population growth is the fastest growth in human history. According to the Population Census Bureau, it is possible that India will catch up.

Fannie and Freddie Bail Out

Monday July 14, 11:36 am ET

By Julie Armstrong, Staff Writer

WASHINGTON (AP) It appears that the Fed will step up to bail out Freddie Mac and Fannie Mae by making an equity investment. The plan is intended to boost investor confidence and show that the government will take the necessary steps to stabilize the credit market and the subprime mortgage financial market.

Monday, July 14, 2008

By Staff Writer, Marc Stein

Freddie and Fannie Stumble, IndyMac Falls, Who’s Next?

Freddie and Fannie are in the midst of a government supervision and restructuring, IndyMac is under government bailout after a collapse on Monday; is there more to come?

onday, July 14, 2008

BBC Reports

By Senior Staff Editor, Corey May

Farwell to an American Owned Company

It’s not farewell to the Budweiser at the corner bar, its farewell to the American ownership of Anheuser-Busch.

Business News

July 23, 2008

By Senior Staff Writer Edward F. Lavere

Retailer Costco Reports "Aren't Good" America's largest warehouse club chain and grocer has warned that it expects the fourth quarter earnings to be "well below" expectations. Rising fuewl costs, inflated energy expenditure and higher food costs were sited as the reasons for the current and future predicted dip.

Today when the opening bell rang in Asia, the underlying tone was sell, sold, sell more. After Asia, it was Europe and then it ended up to be the worst day on Wall Street since 2000 in which the Dow Jones Industrial and the S&P 500 Indexes fell 2.4 and 2.3 percent respectively. It seems that the US slump in the credit and housing markets have become contagious.

The largest bank in America, Bank of America, may be close to a deal that has previously been met with great resistance to a potential takeover by government backed Merrill Lynch.  The government has pushed the BOA deal with Merrill insisting that the deal will create stimulus and help prevent further recession.

The government crefted a deal that Bank of America originally refused; after more convincing Bank of America finally bout Merrill Lynch.  The problem is that shareholders did not vote on the deal they thought they did.

Commission pushes back effective date of Rule 151A by two years; regulator to study the issue some more

By Darla Mercado
Investment News
December 9, 2009, 1:50 PM EST

Insurers claimed a small victory in the indexed-annuities war, as the SEC said it will delay by two years the effective date of a proposed rule that would make the products securities.

In a Dec. 8 filing with the U.S. Court of Appeals for the District of Columbia Circuit, the Securities and Exchange Commission said it would put a two-year stay on the effective date of Rule 151A.