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.
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.
The U.S. middle class, which for more than four decades comprised the majority of Americans, has declined to the point where it makes up slightly less than 50 percent of the U.S. adult population.
OPEC's implosion continues apace, with even more recent bad market decisions, proving that cartels never last.
Because of the existence of federal subsidies, farmers are overproducing peanuts, putting taxpayers on the hook for $2 billion.
With a seemingly innocuous transportation bill, the Federal Reserve's precious "independence" is being threatened — which could be a first step toward its abolition once people realize how the system works.
For political and economic reasons, the world oil glut is unlikely to end anytime soon. This will keep oil prices low for the foreseeable future.