Friday, 10 September 2010


By Joseph Stiglitz

Indeed, the foreclosure rate is increasing. Two million Americans lost their homes in 2008, and 2.8 million more in 2009, but the numbers are expected to be even higher in 2010. Continue



By Dan Voorhis

A February survey from the Pew Research Center for the People & the Press found that only 41 percent of people had a favorable opinion of labor unions, while 42 percent were unfavorable. Continue

In Latin America, U.S. exports are losing market share: Here's something that should be sounding alarm bells in Washington: Latin American countries — which have long been big buyers of U.S. goods — are increasingly making a larger chunk of their purchases from other parts of the world.

Goldman Sachs Fined $30.9 Million in UK: Report: Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK's financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday.

Consumers cut back on credit card use once again: Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.

Should US government debt be rated junk?: While investors are willing to accept little in the way of return to own U.S. government debt and the U.S. has retained its AAA credit rating, the metrics by which we use to evaluate the balance sheet of the United States continue to deteriorate.

Health Insurers Plan Hikes: Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats' efforts to trumpet their signature achievement before the midterm elections.