United States

Muslim hero overlooked at 9/11 memorial

RT: Mohammad Salman Hamdani was on his way to his job at the DNA analysis lab at Rockefeller University on September 11, 2001 when the 23-year-old EMT and police cadet raced to the World Trade Center to lend a hand. It was months before Hamdani’s mother learned that her son’s […]

Nobody Understands Debt

Courtesy: NY Times By PAUL KRUGMAN In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the […]

For 2012, Signs Point to Tepid Consumer Spending

http://pix04.revsci.net/H07707/b3/0/3/0806180/573492465.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=H07707American consumers are running out of tricks. As the weak economy has trudged on, they have leaned on credit cards to pay for holiday gifts, many bought at discounts. They are dipping into savings to cover spikes in gas, food and rent. They are substituting domestic vacations for international trips, […]

Austerity Reigns Over Euro Zone as Crisis Deepens

http://pix04.revsci.net/H07707/b3/0/3/0806180/111175477.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=H07707%2CH07707 Europe’s leaders braced their nations for a turbulent year, with their beleaguered economies facing a threat on two fronts: widening deficits that force more borrowing but increasing austerity measures that put growth further out of reach.      Saying that Europe was facing its “harshest test in decades,” Chancellor Angela Merkel […]

When Investors Rush In, and Out, Together

http://pix04.revsci.net/H07707/b3/0/3/0806180/673570768.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=H07707%2CH07707http://pix04.revsci.net/H07707/b3/0/3/0806180/363508993.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=H07707It seems that anxious investors in these troubled economic times are seeking safety in crowds. The prices of stocks, bonds and a host of other financial assets, which in normal conditions more often than not move in a diversity of unpredictable directions, are increasingly surging up or down in lockstep. […]

Oil Prices Predicted to Stay Above $100 a Barrel Through Next Year

http://pix04.revsci.net/H07707/b3/0/3/0806180/329524110.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=H07707%2CH07707 The United States economy managed to cope this year despite triple-digit prices for barrels of oil. The lessons may come in handy, economists say, because those prices will probably be sticking around.        With Iran threatening to cut off about a fifth of the world’s oil supply by closing the […]