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Jarred by new jobless alarms, Congress quickly approved legislation Thursday to keep unemployment checks flowing through the holidays in December and into the new year for a million or more laid-off Americans whose benefits are running out. ...more
November 21, 2008
Wholesale prices in October experienced the biggest one-month drop on records that go back more than 60 years. ...more
November 19, 2008
Consumers boosted their borrowing in September, defying expectations for a cutback. ...more
November 8, 2008
WASHINGTON - The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, the government said Friday. It was stark proof the economy is almost certainly in a recession. ...more
November 7, 2008
Barack Obama rode a wave of economic discontent to the White House, and now he faces the daunting task of turning the weakening economy around. ...more
November 6, 2008
A whopping 29 percent of Florida's homeowners owe more on their mortgages than their homes are worth. And 1.4 million others in the state may soon join them if property values keep falling, according to a report from First American CoreLogic, a Santa Ana, Calif.-based company that analyzes loan data for lenders. ...more
November 4, 2008
After reading still another diatribe by our local Democrat sycophant Mr. Geouque, I find myself obliged to reply to his obviously partisan statements. First: "that the economy is essentially sound." Yes it is. ...more
November 2, 2008
Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years, the Commerce Department reported Monday. ...more
October 28, 2008
As the economic wreckage piles dangerously higher, the Federal Reserve is prepared to ratchet down interest rates - perhaps to their lowest point in more than four years - with the hope of relieving some of the pain felt by many Americans. ...more
October 27, 2008
People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story - and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing. ...more
October 24, 2008
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