Economy In Crisis

Everybody knows China manipulates currency... except the U.S. Treasury. They didn't get the memo. Treasury must issue reports each year identifying currency manipulation, and, by golly, has never found it. No matter how hard they look.

General Electric Co. said Friday that it plans to sell or spin off its iconic appliance business, which has provided refrigerators, air conditioners and ovens for millions of U.S. homes.

How much does it cost to buy out the U.S. military? $850,000. That was the amount that EADS spent in the first quarter of this year to lobby in Washington- which resulted in the unfair awarding of a $40 billion tanker contract to Airbus over the more qualified American based Boeing.

Foreign central banks were net buyers of U.S. Treasury debt and U.S. federal agency debt in the latest week, Federal Reserve data showed on Thursday.

Americans aren't the only ones upset by the failed trade policies of NAFTA that has shipped our industries abroad and stagnated middle class wages...

Oil prices surged nearly $2 a barrel Thursday as the dollar fell against the euro and investors anticipated strong demand for diesel fuel in parts of China ravaged by Monday's earthquake. Gas prices, meanwhile, advanced past $3.77 a gallon.

The number of newly laid off workers applying for unemployment benefits rose slightly last week, indicating the weak economy was still weighing on the job market.