US economy set to post strong growth figures
President Barack Obama vowed in his State of the Union address on Wednesday to make job creation his top priority
The US economy is forecast to have gathered steam in the final three months of last year, helped by a gradual revival of the housing market.
Wall Street analysts expect growth to have picked up to 4.6% [...]
Don’t be stupid with the economy | Dean Baker
If Ben Bernanke is approved for a second term as chair of the Federal Reserve Board, the decision will ignore his key mistakes
The US Senate’s decision on approving Ben Bernanke for a second term as chair of the Federal Reserve Board is coming down to the wire and the Wall Street crew is once again [...]
Forever blowing bubbles | Dean Baker
Those who blithely allowed the US economy to implode don’t deserve praise for resuscitating it – especially Ben Bernanke
The conventional wisdom – or CW – is that Ben Bernanke deserves a second term as US Federal Reserve chairman because of the extraordinary measures he took to prevent the economy from collapsing into another Great Depression. [...]
Copenhagen’s failure belongs to Obama | Naomi Klein
The American president has been uniquely placed to lead the world on climate change and squandered every opportunity
Contrary to countless reports, the debacle in Copenhagen was not everyone’s fault. It did not happen because human beings are incapable of agreeing, or are inherently self-destructive. Nor was it all was China’s fault, or the fault of [...]
Ben Bernanke named Time magazine’s person of the year
Federal Reserve chairman wins award for efforts to rescue US economy, beating General Stanley McChrystal
The softly spoken, cerebral figure with the unenviable task of stabilising America’s wobbly finances, Ben Bernanke, has won the coveted title of “person of the year” from Time magazine, seeing off competition from the top US general in Afghanistan, the first [...]
Ben Bernanke must go | Bernie Sanders
Ben Bernanke has been an abysmal failure as chairman of the US Federal Reserve. I’m voting against his reappointment
I will not vote to confirm Ben Bernanke for another term as chairman of the Federal Reserve and have placed a hold on his nomination in the US Senate.
Last year, the American people overwhelmingly voted for a [...]
$14 Billion US bail out rejected
Last week top car companies MG and Chrysler went out to seek government help as the two giant car companies were facing bankruptcy with such a massive loss in sales. it’s said that MG alone were spending up to $2 billion a month, with out making enough to pay back what they were spending. The [...]