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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 109-120
  • The GOP's 2012 election strategy: Wreck the economy

    It is time to dispel a few myths. First, we are not overtaxed but under-taxed. Federal personal and corporate tax receipts expressed as a percentage of gross domestic product are at 14.1 percent, the lowest rate since 1951. The Bush tax cuts have been in...
  • Federal Reserve reveals new interchange fees and everyone is unhappy

    The Federal Reserve released its final rule on interchange fees for debit cards, the fee that merchants pay banks for processing the transaction. The Wall Street reform law required that the Fed make sure the fee was “reasonable and proportional&...
  • Geithner said to consider departure from Treasury

    Treasury Secretary Timothy F. Geithner has signaled to White House officials that he's considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people...
  • Mr. Obama, you're no Ronald Reagan

    Mr. Obama, you're no Ronald Reagan
    5.1, 9.3, 8.1, 8.5, 8, 7.1 and 3.9. While that might sound like a controversial series of Olympic curling scores, these numbers in fact add up to a grave problem for PresidentBarack Obama. They are the quarterly percentage gains in gross domestic...
  • The Federal Reserve, a nice racket to be in

    I heard the chairman of the Federal Reserve say he's fighting deflation because it would be bad for the government. It would cause less money to be collected in taxes. He was suggesting inflation would be better for the government even though it will hurt...
  • The Donald reveals his decision with humility (almost)

    The Donald reveals his decision with humility (almost)
    Rejected first draft of Donald Trump's final announcement about his political intentions in 2012. First, let me say how proud I am of myself for heckling Barack Obama until he produced the "long form" of his birth certificate, something no white...
  • GMAC dropping 250 Maryland foreclosure cases

    GMAC Mortgage said Tuesday it is dropping about 250 Maryland foreclosure cases that were apparently "robo-signed," giving homeowners a second chance to save their properties — and raising the possibility that other lenders might follow suit. The...
  • Made (once again) in America

    Made (once again) in America
    When NovaSom Inc. was looking to produce its sleep apnea diagnostic kits, the Glen Burnie-based company didn't look to factories in Asia or Mexico. Instead, it found a manufacturer right off the Beltway in Woodlawn. NovaSom chose Zentech Manufacturing...
  • Consumer and business confidence seen as key to weathering economic storm

    Consumer and business confidence seen as key to weathering economic storm
    Bettie Dunkin was surprisingly unfazed by the financial turmoil of the last few days. The 53-year-old accountant, who had been out of work for months and only recently landed a temporary job, spoke for many Americans when she said: "We're getting numb."...
  • Eastern Shore bank ordered to find buyer or merge

    Federal banking regulators have ordered an Eastern Shore bank to take measures to establish adequate capital levels, which could include finding a buyer, merging with another institution or selling shares, among other options. The Bank of the Eastern...
  • Starving public universities shrinks the middle class

    Starving public universities shrinks the middle class
    Rick Santorum called the president "a snob" for wanting everyone to get a college education. (In fact, President Barack Obama never actually called for universal college education but only for a year or more of training after high school.) Mr. Santorum...
  • Joining the affordable-housing movement

    Joining the affordable-housing movement
    Mike Posko was building a house with Habitat for Humanity International — in Nepal — when the Baltimore-area affiliate emailed him late last year to ask him to come in for an interview. He got the job. Posko, who took over as Habitat for...