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Patrice Hill

Articles by Patrice Hill

Federal Reserve Chair Janet Yellen arrives for a Board of Governors meeting at the Federal Reserve in Washington, Wednesday, Sept. 3, 2014. The meeting is to discuss a final rulemaking to implement a quantitative liquidity requirement in the United States as well as a proposed rule on margin requirements for non-cleared swaps of prudentially regulated swap entities. (AP Photo/Susan Walsh)

Fed cuts back bond-buying again as economy strengthens

The Federal Reserve moved another step toward more normal policies on interest rates Wednesday, noting a gradual improvement in the outlook for the economy and cutting back again on its bond-buying program to stimulate the economy. Published September 17, 2014

U.S. incomes flat for second year in a row — Census

The median income of families in the United States edged up slightly to $51,939 last year from $51,759 in 2012, showing no significant growth for the second year in a row, the Census Bureau reported Tuesday. Published September 16, 2014

Analysts say the latest round of sanctions announced tightens the noose around Russia's energy sector, making it particularly hard to invest in long-term projects to tap into new sources of oil and gas. Such sanctions might tempt Moscow to halt the flow of gas and oil, particularly the large share of gas exported through the Gazprom pipeline that crosses through Ukraine. (Associated Press)

Russia sanctions risk lasting damage to Europe's shaky economy

The tit-for-tat sanctions between Russia and the West that heated up last week are only adding to fears that Europe's economy will fall back into recession or experience "lost decades" comparable to the downturn in Japan that left the Asian giant's economy drifting, deflated and diminished in global influence. Published September 15, 2014

FILE - In this June 6, 2014 file picture persons walk with shopping bags in Hamburg, Germany.  A closely-watched survey shows economic expectations among German consumers have "completely collapsed" over concerns about the conflicts in Iraq, Israel and Ukraine. The GfK institute said Wednesday Aug. 27, 2014  its latest index of economic expectations slid 35.5 points in August to 10.4 — the largest one-month decline since the survey began in 1980. Its headline forward-looking consumer climate indicator also fell to 8.6 for September from 8.9 in August. (AP Photo/dpa, Bodo Marks,file)

Wealthiest Americans power consumer revival as well

The richest one-fifth of Americans not only have enjoyed most of the income gains since the recession, they accounted for nearly half of the increase in consumer spending, the Labor Department reported Tuesday. Published September 9, 2014

Breitling Energy CEO Chris Faulkner downplays the dangers of fracking brought forth by environmentalists. (Lloyd Villas/The Washington Times)

U.S. oil surplus eases prices in global crises

NEWSMAKER INTERVIEW: Increased U.S. production is helping to create an oil surplus on world markets, driving down prices despite a myriad of threats to oil supplies, and doing more to crush Russia's economy than the sanctions imposed by the U.S. and European Union, said Chris Faulkner, chief executive of Breitling Energy. Published September 8, 2014

In this photo taken Tuesday, Aug. 19, 2014, Freddy Jerez, of Hollywood, Fla., fills out a job application during a job fair in Sunrise. Fla.  The government issues the August jobs report on Friday, Sept. 5, 2014. (AP Photo/Alan Diaz)

Employers add 142K jobs, fewest in 8 months

The nation's unemployment rate ticked down to 6.1 percent in August as hiring slowed at a variety of businesses, which added only 142,000 new jobs during the month, the Labor Department reported Friday morning. Published September 5, 2014

FILE - In this July 31, 2012, file photo, an employee works on a Passat sedan at the Volkswagen plant in Chattanooga, Tenn. Friday, Feb. 28, 2014, marks the end of the two-week period within which U.S. Sen. Bob Corker promised Volkswagen would announce another line at its factory in Tennessee if workers there rejected representation by the United Auto Workers union. So far there's little sign of any pending announcement.  (AP Photo/Erik Schelzig, File)

German-style apprenticeships could supply US economy with bevy of skilled workers

If adopted widely by U.S. manufacturers and other businesses, apprenticeships have the potential to help solve a critical U.S. problem with high unemployment among youth and workers who got laid off during the recession, backers say. Despite five years of recovery from the Great Recession, many of these hard-to-employ people still can't find jobs. Published August 31, 2014

UNION SHOP: Volkswagen wants to implement labor policies, which have made Germany an economic powerhouse, at U.S. plants. (associated press)

Volkswagen tries to bring Germany's worker-friendly policies to U.S.

German manufacturers are trying to bring worker-friendly policies, which have helped make Germany into an export powerhouse and could help the U.S. solve its youth joblessness problem, to their U.S. operations, but so far few American businesses have seized on the tips they are offering. Published August 31, 2014

FILE - In this Wednesday, Sept. 18, 2013 file photo a for sale sign hangs in front of a house in Walpole, Mass.  Freddie Mac reports on mortgage rates for this week Thursday April 14, 2014.  (AP Photo/Steven Senne, File)

Freddie Mac faulted by IG in $2 billion mortgage fraud loss

The federal government's giant housing agencies could have saved taxpayers billions of dollars from mortgage fraud in a celebrated case involving Colonial Bank and Taylor, Bean and Whitaker, if they had shared more information with each other and conducted better audits. Published August 26, 2014

FILE - In this June 18, 2014 file photo, Federal Reserve Chair Janet Yellen speaks during a news conference at the Federal Reserve in Washington.  Yellen gives the keynote speech to open the annual conference of central bankers in Jackson Hole, Wyo. on Friday, Aug. 22, 2014. (AP Photo/Susan Walsh, File)

Fed's Yellen: Depressed wages holding back workers

Top Federal Reserve officials have been surprised by the rapid decline in unemployment and improvement in the job market in the last year, but depressed wages are still holding back consumers and preventing a full economic recovery, Fed Chair Janet Yellen said Friday. Published August 22, 2014

Russian President Vladimir Putin attends a meeting with local officials in Voronezh, Russia, Tuesday, Aug. 5, 2014. Putin says he has ordered the government to develop measures in response to Western sanctions. In a meeting with state officials in the city of Voronezh on Tuesday, did not specify what the measures might be but said: "I have given the order today to formulate them," Russian news agencies reported. (AP Photo/RIA-Novosti,  Alexei Druzhinin, Presidential Press Service)

Oil giants sidestep sanctions, keep drilling with Russia

The West's major oil companies have been seamlessly sidestepping sanctions imposed on Russia by the U.S. and European Union, for the most part pressing full speed ahead on joint ventures to drill for oil and gas with sanctioned Russian companies and executives. Published August 11, 2014

Pros and cons: "Mainland China is our largest land of opportunities, but they are the largest single, potential source of threat for us," says Shen Lyu-shun, Taiwan's top representative to the U.S. (Lloyd Villas/The Washington Times)

Taiwan's top diplomat seeks U.S. help in emerging from China's shadow

NEWSMAKER INTERVIEW: The top Taiwanese diplomat in Washington made a passionate plea Monday for U.S. leaders to more vocally support Taiwan's inclusion in key Western-backed institutions on the world stage — especially as the tiny island democracy engages in increasingly complex economic ties with China. Published August 11, 2014

Leaders of the BRICS nations pose for a group photo during the summit in Fortaleza, Brazil, in July. From left: Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma. The leaders of the BRICS nations are expected to officially create a bailout and development fund worth $100 billion. (Associated Press)

Emerging economic powers to challenge U.S., IMF with own aid bank

With Congress balking at reform legislation giving large, emerging economic powers a greater say in the International Monetary Fund, some of the world's top rising economies have decided to establish their own aid bank to compete with the Western-led IMF for clients in the developing world. Published August 5, 2014

An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation's factories will help sustain an economic recovery.

Economy springs back in nearly every sector

The U.S. economy snapped back this spring from a winter down spell, growing at a robust 4 percent annual rate in the second quarter, the Commerce Department reported Wednesday. Published July 30, 2014

New Jersey state troopers kept order as motorists and pedestrians waited in long lines to purchase gasoline in the paucity following Superstorm Sandy. The storm's fallout highlighted the need for increased domestic oil reserves. (associated press)

Energy Department eyes regional gas reserves for emergency use

In another presidential foray into territory once reserved for Congress, President Obama's Department of Energy is exploring setting up sites to store reserves of gasoline in various places around the country to provide backup when major storms and other emergencies cut off access to local fuel supplies. Published July 27, 2014

Federal Reserve Chair Janet Yellen speaks at the International Monetary Fund in Washington, Wednesday, July 2, 2014.  Yellen said she doesn't see a need for the Fed to start raising interest rates to address the risk that extremely low rates could destabilize the financial system.  (AP Photo/Susan Walsh)

Economists see signs of another market bubble

Could the Federal Reserve's loose-money policies be fueling another financial market bubble like the one whose abrupt and painful end ushered in the last recession? Published July 13, 2014

Signs like this one in Bradshaw, Nebraska, express local resistance to the Keystone XL pipeline from Canada to the U.S. Gulf Coast, which would run through Bradshaw. (associated press)

Crude oil will head north of the border to Canada

While Congress and the White House have been fighting over whether to build the Keystone XL pipeline so the U.S. can import more oil from Canada, U.S. energy companies have quietly turned that debate on its head and are now exporting growing amounts of oil to Canada. Published July 9, 2014

The future of the Ex-Im Bank, which many conservatives condemn as "corporate welfare" to well-heeled U.S. exporters, was put in doubt when Rep. Kevin McCarthy, the California Republican and the incoming majority leader for the House GOP caucus, said Sunday he opposes a reauthorization vote. The White House has expressed strong support for reauthorization, with press secretary Josh Earnest going so far as to invoke former President Ronald Reagan's support of the bank in an effort to sway Mr. McCarthy. (Associated Press)

S&P: Boeing to suffer if Ex-Im Bank killed

A campaign by congressional Republicans to eliminate the U.S. Export-Import Bank clouds the outlook for America's premier exporter, Boeing Co., Standard & Poor's Corp. warned on Tuesday. Published July 8, 2014