Category Archives: Wall Street

Dow Sinks 6.4% for Week

By STEVEN RUSSOLILLO THE WALL STREET JOURNAL Fears of a possible Greek default and the U.S economy dipping back into recession pushed the Dow Jones Industrial Average to its worst weekly decline in nearly three years. Stocks edged slightly higher on Friday, as a pledge from global officials to maintain financial stability alleviated some investor [...]

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Economy Sinks Markets

The U.S. economy is showing new signs of fatigue, depressing financial markets, discouraging consumers and unsettling businesses. The Dow Jones Industrial Average lost 419.63 points, or 3.7%, Thursday, and is down 9.5% for August amid soaring trading volume and some of the worst volatility on record. Angst about the health of the U.S. and European [...]

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Obama’s ‘Counteroffensive’? Please!

EXCERPT ONLY:  Seeing as President Obama cannot govern, he’s had to go back to campaigning — an activity with which he’s quite comfortable but decreasingly successful, as evidenced by his falling poll numbers and his endless, repetitive speeches. I don’t just throw out this governance charge lightly. The Los Angeles Times reports that Obama is [...]

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S&P downgrades U.S. credit rating for first time

EXTRACT ONLY:  Standard and Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system. Lowering the nation’s rating to one notch below AAA, the credit rating company said [...]

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53% Say Bailouts Have Been Bad for the Country

Most voters still aren’t convinced that government bailouts have been a good idea. A new Rasmussen Reports national telephone survey finds that 53% of Likely U.S. Voters think, looking back, that the bailouts of banks, auto companies and insurance companies were bad for the United States. Thirty-one percent (31%) disagree and feel the bailouts were [...]

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Wall Street Grows World Wary…DOW down 207 pts.

  MARKET WATCH U.S. stocks drop Tuesday, as fears of higher interest rates in China and the potential for a new round of bailouts in the European Union fuel unease over the global economy. U.S. economic data also factor in. Recommend on Facebook Share on Linkedin Share with Stumblers Tweet about it Tell a friend

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Nancy Pelosi Confident She’ll be Democratic Leader

By JONATHAN ALLEN……. POLITICO In a letter sent to fellow Democratic lawmakers Saturday, House Speaker Nancy Pelosi of California expresses confidence that she will be elected minority leader and calls for the party to “further modernize” and “communicate” the message that helped them win the House in 2006. “In the 24 hours since I wrote [...]

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Political Cartoons: Financial “Reform”

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Obama’s Latest Monstrosity

By:  John Berlau  The American Spectator  The 2,315 page Dodd-Frank financial regulation bill that President Obama will sign today should not be called “financial reform.” Instead the bill, which passed the Senate 60-39 last week when Massachusetts Senator Scott Brown joined Maine Senators Olympia Snowe and Susan Collins to grant cloture, should be called what [...]

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Obama’s Hollow Shell: A.K.A. “Financial Reform”

I don’t have time to go into the financial reform bill that was passed by the Senate yesterday, so I just wanted to weigh in briefly with my opinion of the latest Obama Outrage. This bill is 2,300 pages long and I assume that the same diligence was pursued by Members of both Houses of [...]

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