US Economy Watch

Mexican president says poverty now first priority

Mexico's President Felipe Calderon salutes in front of the national flag at the inauguration of a new high-tech intelligence center for the federal police in Mexico City, Tuesday, Nov. 24, 2009. Mexican President Felipe...

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Asian Countries Take Fresh Look at Economic Model

The contraction in global trade in the past year has led many governments in Asia, including Thailand, to take a fresh look at an economic model that has led growth over recent decades. Economists and business analysts say Asia...

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USD Sinks to 15 Month Low, Jobless Claims Drop Sharply

The USD traded sharply lower Wednesday dropping to a 15 month low pressured by a number of factors. The main catalyst for today's USD decline was confirmation in Tuesday's release of the FOMC minutes for the November policy...

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Elizabeth Warren Warns: Taxpayers Are "Involuntary Investors" in "Shaky" Banks, Risk-Taking Firms

As financial reforms face new delays in Congress, the chair of the Congressional oversight panel on the TARP program, Elizabeth Warren, told Truthout Tuesday that the nation's financial institutions still pose major risks for...

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A deficit of patience

Cameron isn't all wrong about Britain's finances. But to slash spending now would be madness David Cameron is having a mad monetarist moment. That's the only conclusion to be drawn from his insistence that the first task of a...

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Reuters joins Colombia to accuse Venezuela for economic crisis

Caracas, Nov 25 ABN.- Reuters news agency has joined Colombia's official discourse by putting the blame on Venezuela for the setback undergone by Bogota in its effort towards economic recovery. On Tuesday, Reuters pledged to...

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TAKE-A-LOOK: US dollar slumps, gold at record, world stocks up

World stocks rose, gold hit another record high and the dollar fell to its weakest in a year against a currency basket on Wednesday after the Federal Reserve expressed confidence in the durability of the U.S. recovery. Federal...

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Financial stability vs innovation

At the heart of many branches of ancient Chinese science and philosophy is ‘yin-yang,’ a concept that describes how seemingly opposing forces are interconnected and interdependent. It is also a primary guideline of traditional

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Somik Raha: Ignorance is really bliss

Indira Gandhi has received praise for nationalising Indias banks in the 60s on account of the countrys stability in the world economic crisis. While many have criticised such praise, the arguments have been on a minor premise...

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Bank innovation spend holds up despite weary scepticism

03:46 Bank innovation spend holds up despite weary scepticism The vast majority of US and UK banking and capital markets firms have continued or increased funding of large innovation initiatives through the financial crisis yet...

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