Eastman Kodak has shocked the world today, announcing that it has put an end to its camera business. (more)
Sen. Jim DeMint, South Carolina Republican, said National Public Radio CEO Vivian Schiller getting “ousted” doesn’t absolve NPR from federal funding cuts. (more)
House Budget Committee Chairman Paul Ryan challenged Federal Reserve Chairman Ben Bernanke’s policy of so-called quantitative easing – the printing of new U.S. dollars to buy government debt – and raised concerns that a weakened dollar and inflation could cause the loss of the currency’s global reserve status. (more)
A coalition of conservative groups hopes to remind Americans of the lackluster results of President Barack Obama’s $814 billion stimulus as the second anniversary of its passage approaches next week. (more)
On Monday, a couple lost $800,000 on the Fox game show Million Dollar Drop for correctly guessing Post-It notes were sold in stores before the Walkman. After an Internet uproar, Fox says it will give them a second chance. (more)
Will President Obama be the first billion-dollar man? (more)
The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. (more)
Public housing is falling apart around the country, as federal money has been unable to keep up with the repair needs of buildings more than half a century old. (more)
The current economic environment reminds me of the great old soul singers who used to drop to their knees to scream, beg and shout as they pleaded for their baby’s love. Sadly, the likes of Ray Charles, James Brown and Solomon Burke are gone, but there has been plenty of pleading, begging and beseeching afoot as central bankers, government officials and ordinary citizens lament the woeful state of the world’s economy. For the last two years the volume has been rising and the only thing missing seems to be a chorus of back-up singers like the Raelettes. I wonder if Barney Frank and Christopher Dodd can carry a tune? We may be about to find out. (more)
The House voted 348 to 79 Wednesday to approve new penalties against countries that undervalue their currencies to gain an unfair trade advantage, the latest volley in a dispute that centers on China but risks a broader international battle over jobs and commerce. (more)
The House Ways and Means Committee has just approved a bill that would attempt, albeit modestly, to crack down on Chinese currency manipulation, a key cause of America’s trade deficit. The Ryan-Murphy currency bill (HR 2378) would allow the Commerce Department to treat currency manipulation as an illegal subsidy for the purpose of calculating countervailing duties intended as retaliation. This bill has to be passed by the full House of Representatives and then the Senate before becoming law, but already the prophets of doom are squealing about the dangers of starting a trade war with China. They are wrong. (more)
Gold prices continued to push higher Tuesday, reaching another record high, amid ongoing concerns about the economy. (more)
WASHINGTON (AP) — In one way at least, the fight for control of Congress is grossly one-sided. (more)
The Obama administration wants to require U.S. banks to report all electronic money transfers into and out of the country, a dramatic expansion in efforts to counter terrorist financing and money laundering. (more)
TOKYO — Japan moved Wednesday to prop up the U.S. dollar and weaken the yen in a bid to protect its export-led economy, intervening in international currency markets for the first time since 2004. (more)
Outside groups supporting Republican candidates in House and Senate races across the country have been swamping their Democratic-leaning counterparts on television since early August as the midterm election season has begun heating up. (more)
WASHINGTON (AP) — Turns out politics, for all its focus on the gloomy economy, is a recession-proof industry. (more)
WASHINGTON (AP) — They say money can’t buy happiness. They’re wrong. (more)
Facebook is coming to a Target store near you. (more)
On the surface, the RNC's financial problems aren't that bad. Yes, the party is raising less than it has in previous years, but they don't control the WH or Congress. And with a little more than $8M on hand after debts, the RNC actually has more to spend than the DNC, which has just over $7M after accounting for debts. (more)

























