The U.S. economy grew at a better-than-expected 3.5 percent annualized rate in the third quarter, according to an “advance estimate” released by the Bureau of Economic Analysis (BEA) October 29.
A report published Tuesday by a British newspaper sent shockwaves across the world. The Independent story, entitled "The demise of the dollar," claimed that several key governments around the world were conspiring in secret meetings to stop trading oil in U.S. federal reserve notes.
“The International Monetary Fund was the surprise winner at the last summit of the Group of 20 leaders, which agreed to quadruple the organization's resources to $1 trillion,” the Wall Street Journal reported September 23. At this week's summit in Pittsburgh, the Journal predicted, “The G-20 is likely to give the IMF an additional job: Monitoring whether nations are changing their economic policies to promote long-term growth."
While the U.S. Border Patrol has its hands full trying to stop the flow of illegal aliens into our country, a Duke University professor says the nation is in danger of losing too many legal immigrants to their native homelands.
Switzerland overtook the United States as the most competitive economy in the world, according to the global competitiveness index released this week by the World Economic Forum (WEF).