By Rand Paul
Obama acts as though we no longer have a Constitution
The Credit Suisse Group AG is a financial services company, headquartered in Zürich, Switzerland. - Source: Wikipedia
A majority of Federal Reserve policymakers want to continue extraordinary bond purchases to help boost the economy at least through the middle of the year, according to minutes from the Fed's last meeting, which were released Wednesday.
When it was added to the calendar nine years ago, the Chinese Grand Prix was supposed to give Formula One a path to a vibrant new market that offered access to millions of racing fans and big name sponsors.
Surging stock prices and steady home-price increases finally have allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.
The second half of December tends to generate a fair amount of reflection on the events of the previous 12 months. That is true for investors as well and often gives rise to a number of questions about the market. Did the economy grow as fast as was expected? Did job growth measure up to economists' forecasts? Will those industries that have been a drag on the economy in 2011, such as housing, start to turn the corner? Did the politicians in Washington come together and tackle the big issues that the country and the economy face? And so on.
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
GE is buying 2,000 plug-in hybrid cars from Ford for its corporate fleet.
The number of people seeking unemployment benefits fell last week by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But officials cautioned that the figures were distorted by Superstorm Sandy.
One of Switzerland's signature industries, Swiss banking no longer has the same allure it once did and could be in for tough times in the years ahead, analysts say, as it struggles to cope with a changing regulatory environment in the wake of the global financial crisis.
President Obama's campaign raised more than double what Republican nominee Mitt Romney did in August, with Mr. Romney's haul from small donors its smallest in three months and the former Massachusetts governor relying on a $2,500 maxed-out donors for two-thirds of his funds, filings showed Thursday.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
U.S. builders started work on fewer homes in March after they sharply cut back on apartment construction. But builders requested the most permits for future projects in 3½ years, suggesting many anticipate the housing market could improve over the next year.
Talks to resolve a long-running spat between Switzerland and the United States over how to pursue suspected tax evaders suffered a blow Wednesday, when a Swiss court blocked the handover of one unnamed bank client's data to U.S. authorities.
Moody's Investors Service may lower the ratings of some of the world's largest banks, as well as those of some securities firms, because their long-term prospects for profitability and growth are shrinking.
The Federal Reserve went further than ever Wednesday to assure consumers and businesses that they'll be able to borrow cheaply well into the future.
