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Mortgage Rates Decline; Rises Loom in Future

Mortgage Rates Decline; Rises Loom in Future

By Brian Powell April 14, 2014

As the spring season rolls in and the winter doldrums roll out, people are finally exiting their homes and exploring the world once again. Luckily for those recovering from an intense winter hibernation, the economy shows positive signs for the …

Consumer Confidence Rising Going Into the New Year Consumer Confidence Rising Going Into the New Year

The world economy has been slow to stabilize following the recession that began five years ago. In the U.S., high unemployment and low consumer confidence have led to a stagnating economic situation that is slowly crawling back. One of the …

Russia Boosts Ukraine Economy with $15 Billion Loan Russia Boosts Ukraine Economy with $15 Billion Loan

Over the past month, Ukraine has faced its largest series of anti-government protests since the Orange Revolution in 2004, where thousands of citizens protested what appeared to be a corrupt and fraudulent presidential election. This series of protests are not …

World Economy To Continue Modest Growth in 2014 World Economy To Continue Modest Growth in 2014
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Since the economic downturn that began more than five years ago, the world economy has struggled to lurch forward. There are signs, however, that the global economy is beginning to pick back up, albeit slowly. Market research firm IHS today …

Ukraine Protesters Gain Traction; Police Back Down Ukraine Protesters Gain Traction; Police Back Down

Early Wednesday morning, riot police in Ukraine’s capital, Kiev, withdrew from two separate areas where protesters were demonstrating. This move by the police signifies progress being made on behalf of the Ukrainian opposition party, which has seen brutal crackdowns during …

Janet Yellen Approved for Fed by Senate Committee Janet Yellen Approved for Fed by Senate Committee

Thursday morning, the Senate Banking Committee approved Janet Yellen’s nomination to become the next Chair of the Federal Reserve by a 14 to 8 vote. This vote comes as no surprise to political pundits, especially seeing as Democrats hold 12 …

Yulia Tymoshenko Case May Delay EU Agreement Yulia Tymoshenko Case May Delay EU Agreement

Ukraine was one of the fifteen satellite states compromising the Soviet Union from 1922 to the dissolution of the of the USSR in 1991. Since that time, Ukraine has been trying to find its footing as an independent European nation, …

China to Shift Economy, Loosen One Child Policy China to Shift Economy, Loosen One Child Policy

A reform document released by China’s Communist party, after a four day-long meeting of its top officials, includes a flood of sweeping changes to reportedly attempt to undo decades of failed expansion plans, according to Reuters. Among the reform plans …

Elizabeth Warren Confronts Wall Street Again Elizabeth Warren Confronts Wall Street Again

The view that initially got Elizabeth Warren elected to the Senate, her strict criticism of Wall Street, has surfaced again in a critical speech. Throughout her political career, she has continued to challenge the big banks, and has been viewed …

Americans' Economic Confidence Drops Sharply Americans' Economic Confidence Drops Sharply

Though Americans seem to be slowly gaining the confidence to spend more of their money, those same Americans are increasingly pessimistic about the U.S. economy. Gallup today released the results of its daily tracing poll for the month of October, …

Labor Department Reports 148,000 Jobs Added Labor Department Reports 148,000 Jobs Added

The U.S. Labor Department finally released its September employment report Tuesday morning, having been delayed by the government’s 16-day shutdown, which began on October 1. According to the monthly overview, U.S. employers added 148,000 new job positions in September, a …

Janet Yellen Nominated to Lead Federal Reserve Janet Yellen Nominated to Lead Federal Reserve

As expected, President Obama announced Wednesday that he would be nominating Fed vice chairwoman Janet Yellen to lead the Federal Reserve. She would replace retiring chairman Ben Bernanke. “For nearly 8 years, Ben has led the Fed through some of …

Obama Nominates Yellen To Fed Chief Position Obama Nominates Yellen To Fed Chief Position
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President Obama will nominate the Vice Chair of the Federal Reserve, Janet Yellen, to fill Ben Bernanke’s position as chairman of the nation’s central bank when Bernanke’s term ends on January 31st. The fact that Janet will be the first …

Food Stamps Cut: $4 Billion Cut by House Food Stamps Cut: $4 Billion Cut by House
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Millions of people could see their food stamps benefits decrease or go away after the House voted for $4 billion per year for the next 10 years in food stamp cuts. House Republicans introduced the new legislation earlier this week, …

Unemployment Applications Decrease. Unemployment Applications Decrease.
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According to data released today by the U.S. Department of Labor, the number of Americans applying for unemployment benefits fell 9,000 for the week ending June 22, 2013. The seasonally adjusted initial benefits claims was 346,000. Numbers of initial claims …

U.S. Online Retail Spending Up 15% From Last Year U.S. Online Retail Spending Up 15% From Last Year
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comScore put out some new data on U.S. retail ecommerce spending for the third quarter of 2012. It was up 15% from the same quarter in 2011. Online retail spending reached $41.9 billion for the quarter, and the fourth quarter …

Home Sales Rose in July, But Prices Didn’t Follow Home Sales Rose in July, But Prices Didn’t Follow

The U.S. Department of Commerce announced yesterday that residential home sales throughout the U.S. rose 3.6% in July over home sales in June. The July sales rate matches the rate seen in May, which was the highest rate seen in …