Originally posted on CNN

 

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Stocks rallied Tuesday afternoon as growing bets that European officials will rescue Greece from its debt problems reassured investors following a four-week selloff.  Read More →

There was an unusual amount of disagreement among Fed policymakers at their last meeting over what the central bank should do to address the increasingly uncertain state of the U.S. economic recovery, according to the minutes released Tuesday.  Read More →

Federal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according to minutes from their recent policy meeting released Tuesday.  Read More →

Socialist Europe’s financial problems is providing a wonderful windfall for American’s seeking to buy a home or to refinance. As investors worry about Southern European countries abilities to repay their growing debt, they are flocking to America for safe haven, reducing our costs to borrow. Mortgage rates are now 5 percent or less here.... 

As world markets remained on edge, European finance leaders reached agreement Sunday on a massive show of force to support struggling countries in the region.  Read More →

The unemployment seems to be taking its toll in Ohio now. It seems that the Ohio’s unemployment fund is broke. This is because the tax that the employers pay to subsidize the unemployment fund id being reduced this year. Ohio has been one of the thirty three states that has been borrowing from the federal government No related posts.  Read More →

President Barack Obama will visit the Gulf states affected by the oil spill on Monday and Tuesday and then address the nation on Tuesday night from the White House on the next steps in responding to the environmental catastrophe, his senior adviser said Sunday.  Read More →

Workers at the Connecticut Humane Society and its board of  directors have reached a tentative settlement allowing for the formation of a union for the first time in the charity’s 129-year history. Former workers who were fired for helping to organize the workers into the Machinist Union said they have agreed to drop their demands that  Read More →

U.S. stock futures soared Monday, positioning Wall Street toward joining a worldwide rally, after European Union officials approved a $900 billion bailout to stabilize the euro and rescue debt-choked Greece.  Read More →

Stocks closed lower Wednesday as the dollar strengthened on fears tied to the growing fiscal crisis in Europe and a dour report on U.S. sales of new homes raised concerns about the economic recovery.  Read More →

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