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Thursday, August 28, 2014
Economists appear to be of two minds about the U.S. Federal Reserve.
The director of market intelligence at an investor relations firm was arrested on insider trading charges Tuesday and accused of using drafts of press releases to illegally earn more than a half-million dollars.
Wednesday, August 27, 2014
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell.
Sales of new homes in the US fall in July
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
Quake insurance shunned by most Californians
Despite California's ever-present risk of major earthquakes, the number of homeowners in the state with insurance coverage for quake damage has dipped significantly over the past several decades, from 33 percent in 1996 to just 10 percent today.
Tuesday, August 26, 2014
Nicaragua to become green energy powerhouse
How quickly can a nation wean itself from fossil fuels and move toward reliance on renewable energy? In the case of Nicaragua, very, very fast.
A majority of economists believe the U.S. Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists (NABE).
Saturday, August 23, 2014
A federal judge on Thursday declared Florida's ban on same-sex marriage unconstitutional, joining state judges in four counties who have sided with gay couples.
Bank of America settlement likely to benefit few people
Bank of America's record US$16.65 billion settlement for its role in selling shoddy mortgage bonds — US$7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.
Friday, August 22, 2014
One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” Wednesday after Buenos Aires moved to shift its bond payment method.
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