The Obama administration has loudly touted reports that the U.S. economy has generated 14.1 million new jobs over the past 70 months and now sits at a 5.0 percent unemployment rate, but that's a highly manipulated statistic.

Stocks worldwide have been in a tailspin since the beginning of the year, triggered in part by the persistent decline in crude oil prices. Is this just a hiccup in a longer-term bull market or a long-anticipated correction?

Democrats and one Republican in the U.S. Senate joined forces on January 12 to protect the Federal Reserve from transparency and accountability, voting down the enormously popular “Audit the Fed” legislation that would have opened up the controversial bank's books to government auditors.

 

 


 

According to Dow Jones, the first week of 2016 was the worst five-day start for the Dow on record. Over the course of the week, the Dow lost 1,079 points, over  six percent of its value. Investors saw markets plunge last week as fears about Chinese markets dealt a heavy blow to markets worldwide.

Puerto Rico has been paying its debts by borrowing. Today many of those lenders are going to be disappointed.

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