There are signs that the recovery from recession is not stoking inflation. The cost of living in the US rose at a slower pace while manufacturing has expanded in the New York and Philadelphia regions. Reports from the Federal Reserve Banks of those cities indicate that factories increased production...

Central bankers and economists are attending a meeting in Jackson Hole, Wyoming this week, where Ben S. Bernanke, chairman of the Federal Reserve, expressed optimism today about the return to growth in the near term for the United States and the rest of the world. Bernanke was joined by world central...

Treasury secretary Timothy Geitner defended the cornerstones of the administration’s financial regulation plan at a meeting of the House Financial Services committee on Friday morning. The Federal Reserve is to have certain of its functions taken over by a new consumer protection agency, while...

Once upon a time the American auto industry was all powerful, able to influence the government to make rules which favored their interests. Detroit’s leading firms, GM, Ford and Chrysler led the world’s automobile manufacturers and created a culture which excited the public, who thirsted...

Tom Wilson, the chief executive of Allstate Insurance, called for a federal insurance regulator to oversee the regulation of national insurance companies. In an opinion piece, in the New York Times, Wilson owns up to the part that insurance companies have played in the collapse of the financial markets,...

Any little positive sign seems to give people hope that the worst is over. The unemployment rate jumps to 8.9 percent, its highest level in a quarter century, but as it is not as bad as expected there is optimism that this long recession might be easing off. This latest government employment report,...

During President Obama’s  news conference, regarding his first 100 days in office, he made several attempts to calm the fears regarding the nation’s auto industry.  He mentioned that Chrysler coming up with a plan made him quite hopeful, more so than he has been in the last 30 days, and...

The  U.S. government has not yet decided how to disclose the results of the bank stress tests which could have a negative affect on the markets this upcoming week.  Sources say that officials are working around the clock to figure out how to provide transparency about the results without causing a...

The Fed met with 19 of the top financial institutions to go over the stress test results. In some cases, some of the tests with each party took less than 30 minutes.  In addition, several of the banks, when tested, mentioned a need for more capital, but no one yet knows who those banks are.  In fact,...

Emergency Room Myths March 11, 2010The overutilization of emergency rooms is often cited as a dangerous symptom of America's broken healthcare system. But a new Slate article from Zachary Meisel and Jesse Pines offers a rosier picture of emergency room usage, and dispels several pervasive myths....