May 28 DEA allows Kentucky farmers to sow hemp seeds By Dave Sloan After a week-long legal battle with the Drug Enforcement Agency, Kentucky farmers and researchers will be able to sow the first imported hemp seeds. Continue reading
May 16 GM fined $35 million for ignition switch defects By Joshua Barajas May 16, 12:50 p.m. EDT | Updated General Motors will pay a $35 million civil penalty for its failure to report a ignition switch defect in 2.6 million Chevrolet Cobalts and other small cars, the Department of Transportation announced… Continue reading
May 09 Postal Service reports $1.9 billion loss in first quarter of 2014 By Pauline Jelinek, Associated Press WASHINGTON -- The U.S. Postal Service reported a $1.9 billion loss for the first three months of this year and pleaded again Friday for reforms to its troubled financial system. The agency said the loss for the quarter that ended… Continue reading
May 09 Obama angers labor groups by promoting Wal-Mart’s solar projects By Jim Kuhnhenn, Associated Press SAN JOSE, Calif. -- President Barack Obama is showcasing Wal-Mart, often a target of labor groups and other Democratic constituencies, to promote advances in energy efficiency in his broader campaign to confront climate change. Obama on Friday was to announce… Continue reading
May 04 Watch Small businesses left in lurch when local banks collapse By PBS News Hour Did the federal government do enough to protect small businesses after the banks they relied on collapsed during the 2008 financial crisis? Correspondent Rick Karr investigates what the FDIC did with the assets it took over. Continue watching
Apr 30 Fed reduces monetary stimulus for fifth month in a row By Simone Pathe At the end of their two-day policy meeting, the Federal Reserve’s Open Market Committee decided Wednesday to reduce monthly asset purchases by $10 billion to $45 billion beginning in May. Despite disappointing growth figures out Wednesday, the committee… Continue reading
Apr 24 Money, the root of all infections By Ruth Tam Don’t accept anyone’s dirty money. Not because it’s wrong, but because it’s loaded with germs. Continue reading
Apr 24 Number of first-time jobless claims rose more than expected last week By Joshua Barajas Although the new figures are higher than expected, economic experts told Reuters that this uptick of jobless claims "probably reflected difficulties adjusting the data for seasonal fluctuations given a late Easter this year," and is not necessarily an indication… Continue reading
Apr 23 New York Times study: most Americans’ incomes have stagnated By Anya van Wagtendonk Economic growth in the U.S. is as strong as or stronger than in many other countries –- but that growth benefits only a small percentage of American households. That’s the conclusion of a New York Times analysis, based upon… Continue reading
Apr 13 As cuts and new duties strain IRS, chance of audit relatively low By Associated Press As millions of Americans race to meet Tuesday's tax deadline, their chances of getting audited are lower than they have been in years. Continue reading