Economics

Even Jesus Hated Bankers

The latest issue of The Economist has an article titled The Dangers Of Demonology. “Hatred of bankers is one of the world’s oldest and most dangerous prejudices,” leads the author. The article briefly reviews the history of hatred toward financiers. Scorn for moneymen has a long pedigree. Jesus expelled the moneychangers from the […]

Awaiting a Greek Payout

http://pix04.revsci.net/H07707/b3/0/3/0806180/229209434.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707LONDON — Could Greece’s next rescue payout go straight into the pockets of London hedge funds? That, more or less, is the bet that a growing number of investors are making now as they load up on Greek government securities that mature in March. That is when Athens hopes to […]

Wanted or Not: Alternative-Fuel Cars Flood Auto Show

http://pix04.revsci.net/H07707/b3/0/3/0806180/962184730.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707DETROIT — In the race to claim ever-higher fuel-economy numbers and keep up with government regulations, automakers are rolling out hybrids and electric cars aplenty at this week’s Detroit auto show. If only buyers were arriving as fast as the cars. Hybrid sales waned as gasoline prices ebbed in 2011, […]

Foreign aid money feeds fat profits for corporations

Group of corporations awarded $1.81bn in contracts “As the money goes up, the scrutiny should go up” Rudd pledged record sums trying to tackle poverty AUSTRALIA’S booming foreign-aid program is delivering handsome profits to a group of seven corporations that has scored a staggering $1.81 billion in taxpayer-funded contracts. But […]

Fed Policy Makers Urge More Housing Aid

Three Federal Reserve policy makers said the U.S. government should try new ways to spur the housing market without agreeing about how much more the central bank needs to do to bring down interest rates. New York Fed President William C. Dudley said in New Jerseyyesterday that “additional housing policy […]

U.S. Economy Gains Steam as 200,000 Jobs Are Added

http://pix04.revsci.net/H07707/b3/0/3/0806180/930519716.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707The United States added 200,000 new jobs last month, the Labor Department said Friday, a robust figure indicating that the economic recovery may finally be building up a head of steam. The nation’s unemployment rate fell to 8.5 percent in December, from a revised 8.7 percent in November, the government […]

Private hiring surges, jobless claims dip

(Reuters) – Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012. The ADP National Employment Report’s December job tally surprised economists who had expected a 178,000 gain. It was also well […]