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Business

Total US Debt Soars to Nearly $60 Trn, Foreshadows New Recession
Business  (tags: Banking, Economy, Global economy, Government Spending, USA )

Ray
- 40 days ago - rt.com
America - its government, businesses, and people - are nearly $60 trillion in debt, according to the latest economic data from thethe St. Louis Federal Reserve. And private debt - not government borrowing - is the biggest reason for the huge deficit.
Nearly Half of US Unemployed Have Given Up Looking for a Job
Business  (tags: Crisis, Economy, Employment, Global economy, USA )

Ray
- 67 days ago - rt.com
Nearly half of unemployed Americans are on the verge of completely giving up on looking for a job, but they remain optimistic they will find a job they really want within the next six months, a new survey found.
Shocker: Average Credit Card Interest Climbs to 21%
Business  (tags: Banking, Economy, Global economy, Interest Rates, USA )

Ray
- 97 days ago - rt.com
As credit card companies try and spur consumer spending in the United States with introductory perks and cash rewards, they have raised interest rates on other customers to a remarkable 21 percent.
Big Pharma Presses US to Quash Cheap Drug Production in India
Business  (tags: Global economy, Globalization, Health, India, Markets, Medicine, USA )

Ray
- 169 days ago - rt.com
Powerful global pharmaceutical firms are leaning on the United States government to discourage India from allowing the production and sale of affordable generic drugs still on-patent, according to inside sources close to the matter.
JPMorgan Gives CEO Jamie Dimon a Raise Despite Shelling Out $20 Bln in Fines
Business  (tags: Conflict, Court, Crime, Global economy, Scandal, USA )

Ray
- 183 days ago - rt.com
It was only a year ago when JPMorgan CEO Jamie Dimon was getting his pay docked by millions of dollars. Now, though, the company is giving their chief executive a raise.
900 Wealthiest Americans Exempted From Paying 2014 Social Security Past Jan. 2nd
Business  (tags: Austerity, Global economy, USA )

Ray
- 203 days ago - rt.com
A small, elite group of US citizens has already met their 2014 financial obligation for Social Security two days into the New Year, and will no longer be required to contribute any of their income to the federal program.
Nearly 60 Top Corporations Used Loophole to Avoid Paying Billions in US Taxes
Business  (tags: Corporate news, Corruption, Economy, Global economy, Law, USA )

Ray
- 274 days ago - rt.com
Verizon and News Corp. are among the dozens of companies listed on the Standard & Poor's 500 that paid a zero percent tax rate in the last year. The so-called effective tax rate is how investors explain the tax a company pays compared to its profit.
New York Stock Exchange Sale Means More Than the Death of Wall Street
Business  (tags: ICE, InterContintenal Exchange, New York Stock Exchange, derivatives, commodities, futures, trading, global economy )

Dandelion
- 444 days ago - guardian.co.uk
You have heard that term, derivatives. Well now those derivatives have even bought the New York Stock Exchange. InterContintenalExchange, a 12-year-old upstart that specializes in commodities, futures and derivatives trading is new owner.
Enbridge CEO Says Ready to Spend to Expand US Network
Business  (tags: Energy, Enbridge Inc., CERA Week, Oil and Gas, Economy, Energy Commodities, Global Economy, Oil, Oil and Gas Drilling, Futures and Commodities, Natural Gas )

Judy
- 507 days ago - cnbc.com
The boom in U.S. and Canadian oil production has resulted in more oil than can be pumped through existing pipelines, and Enbridge has actively been working to help provide a network that would take crude to the coasts.
DeIndustrialization of America   video
Business  (tags: Whirlpool, taxes, post-industrial, deindustrialization, America, economy, lie, false promise, poverty, low wages, global economy )

Dandelion
- 591 days ago - youtube.com
America is rapidly becoming the first post-industrial nation on the globe. Failed tax subsidies to the Corporations have lined their pockets at the expense of us all. While austerity is asked of the average American & poor why does this remain for them?
Banks to Push for Account Fees in the Wave of Libor Scandal
Business  (tags: Banking, Global Economy, Libor Scandal )

Judy
- 705 days ago - rt.com
Barclays' new chairman, Sir David Walker told The Sunday Telegraph the rate fixing scandals were a 'consequence of not charging for bank accounts', and said he supports charging customers fees.
Bailouts Won't Save a Global Economy
Business  (tags: bailout plan, Felix Rohatyn, Global Economy, auto industry, finance, foreclosures, banks, loans )

David
- 2033 days ago - larouchepub.com
The specter of bankruptcy is hovering over the U.S. economy, both in the fears of failing households and businesses, and in the need to put the entire system through a bankruptcy reorganization before it collapses completely.
   

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