Economy

senior citizen workerAccording to a survey conducted in the past two months by an organization known as Experience Works, the current recession is hitting seniors hard, causing them to delay retirement or to come out of retirement.

imf money“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."

BairThe Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the very banks it is supposed to be insuring against failure, the New York Times reported on September 21.

New York Fed Reserve BankThe U.S. central bank has once again refused to open itself up to even the slightest amount of transparency. According to Bloomberg news, the Federal Reserve (Fed) Board of Governors is essentially snubbing a request by the Treasury Department for a public review of its structure and governance, even though the review was supposed to be led by the Fed itself.

Indian workerWhile 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.

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