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Economy - Signs in the News

Economy News related to the US and World economies.

Latest Signs in the News
FHA Bailout Risk Looming After Guarantees: Mortgages

The Federal Housing Administration won’t be able to earn its way to financial health this year, increasing the chance it will need a taxpayer bailout, based on an updated forecast from Moody’s Analyti

Feeding the homeless banned in major cities all over america

Major cities are now banning feeding the homeless. The reasons are that they are concerned about the quality of food and the homeless congregating in city centers.

Obama's secret plan to soar gas prices

President Barack Obama’s energy plan involves radically increasing gas prices to the European rate of $9-10 a gallon.

Banks foreclosing on churches in record numbers

Banks are foreclosing on America's churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data.

Will God Bless America?

Today our country is a hollow shell of the Founding Father's vision. Why are all of these plagues being unleashed upon this country, which not long ago was a beacon of hope to the world?

China holdings of US debt at $1.15 trillion

China cut its holdings of US debt by $118 billion as its own reserves fell in the fourth quarter, newly revised US Treasury figures showed Wednesday.

Debt doomsday may come sooner than expected

The federal government could hit the debt ceiling sooner than expected — and possibly around the November election — according to a report out Friday.

Stocks endure worst drop of 2012

Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout.

India rejects EU call to boycott Iranian oil

Reuters reports that Van Rompuy travelled to India with a delegation of EU representatives.

Cashless Society: Bank of America Refuses Cash for Mortgage Payment

In another example that we appear to be rapidly moving into a cashless society, Bank of America in California refused to accept cash for a mortgage payment.

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