Experts claim that the policies Bill Clinton followed as US president a quarter century ago will not rescue the current recession-plagued American economy with its industries destroyed by the free trade agreements he championed. The policies Bill Clinton followed as US president a quarter century ago will not rescue the current recession-plagued American economy with its industries destroyed by the... 

The US economy shrank at a much faster pace in the first quarter of 2014 than previously estimated, marking its worst performances since 2009. The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, instead of the 1.0 percent rate it had reported last month. Most economists had expected the revision to show the economy shrinking at a rate of only 1.7 percent.... 

In one of its most shocking reports since the beginning of the Ukrainian Crisis, the Ministry of Foreign Affairs (MoFA) is warning today that President Putin has ordered the immediate implementation of “Project Double Eagle,” which when fully realized will cause all global energy supplies to be purchased in gold thus, in effect, ending the US Dollar reign as the global reverse currency and collapsing... 

Standard & Poor’s says the shutdown in total cost the US economy $24 billion, or $1.5 billion per day, the rating agency said Wednesday. The agency also estimated the shutdown will pare fourth quarter GDP by 0.6 percent. Obama has signed legislation that will avoid a technical debt default, ending the 16-day partial shutdown of the government that has cost the world’s largest economy... 

A grim Ministry of Finance (MOF) report circulating in the Kremlin today warns that Venezuela’s “nuclear option” crashing of its currency yesterday is a “clear signal” that the Western banking systems “house of cards”, erected in the aftermath of the 2007-2008 Global Economic Crisis, is in “total collapse” with the expected final outcome to be an “apocalyptic” crash of the US... 

The sales of iPhone 5 in the fall could be a tangible help to the economy of the United States of America. Retail sales of the device have long surpassed all bold predictions and made a positive impact on the overall profit of the retail segment of the market. According to experts, the American economy will get additional $3.2 billion in the fourth quarter of 2012. Analysts give very bold predictions... 

In this game, the house always wins. Bipartisan complicity stacked the deck against millions of working households, needing to know that political Washington is scamming them. The end result is the banana republicanization of America. American writer O. Henry (William Sydney Porter: 1862 – 1910) coined the term (his fictional Republic of Anchuria) in his book, “Cabbages and Kings.” It refers... 

US President Barack Obama US President Barack Obama’s approval rating has hit an all-time low as there seems to be no end in sight to the country’s debt ceiling impasse. According to a Gallup poll on Friday, only 40 percent of respondents said they approved of Obama’s job performance, leaving the president’s rank at its lowest ever. The incumbent US president also received a... 

President Obama‘s budget, released Monday, was conceived as a blueprint for future spending, but it also paints the bleakest picture yet of the current fiscal year, which is on track for a record federal deficit and will see the government’s overall debt surpass the size of the total U.S. economy. Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly... 

Grim economic warnings are being sounded from the United States today after one of their top market forecasters and social theorists named Robert Prechter advised everyone to abandon the stock markets over what he says will be one of the largest financial crashes (of “staggering proportions”) to occur in over 300 years rivaling the Great Depression, the Panic of 1873, and the collapse of the... 

Death of US Economy (click on the image to enlarge) Spiraling debt is Uncle Sam’s shock collar, and its jolt may await like an invisible pet fence. “Nobody knows when you bump up against the limit, but you know when it happens it will really hurt,” said fiscal watchdog Maya MacGuineas of the Committee for a Responsible Federal Budget. The great uncertainty about how much debt is too... 

President Obama announced today that the United States will provide $73 million in aid to Zimbabwe, saying the economically-wracked nation has made progress since Prime Minister Morgan Tsvangirai entered a power-sharing arrangement with longtime President Robert Mugabe four months ago. “We’ve seen progress from the prime minister,” Obama said, after meeting with Tsvangirai in...