WASHINGTON (AP) — The Federal Reserve generated record profits last year, reflecting money made off its extraordinary efforts to rescue the country from the worst economic and financial crisis since the 1930s.
The central bank announced Tues
The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters.
The policy differences between Democrat Martha Coakley and Republican Scott Brown were as clear during last night’s debate as they have been throughout this short special-election campaign.
Coakley supports ObamaCare, opposes the war in Afghanista
Simon Cowell, the acerbic Brit who has helped give "American Idol" some of its sharpest — and nastiest — moments, will leave the popular singing show after this season.
The cantankerous judge said that "The X Factor," a show he created and is a hi
UNDATED - Just four-and-a-half short years after his debacle at Capitol Hill, Mark McGwire is finally ready to talk about the past.
Few forget that day, when he was called upon to address the steroids issue in baseball but refused to address anyth
UNDATED - A Fox News executive says the network will shortly announce that the former vice-presidential nominee is signing on as a contributor.
Palin, who resigned as governor of Alaska last summer, will appear as a commentator on various Fox show
UNDATED - The bitter winter afflicting much of the Northern Hemisphere is only the start of a global trend towards cooler weather that is likely to last for 20 or 30 years, say some of the world’s most eminent climate scientists.
The U.S. Supreme Court ruled today to block for the first few days videotaped coverage of a federal trial in San Francisco that was supposed to be aired on YouTube.
The trial is the first on same-sex couple’s right to marry.