business and economics News

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Gov't Shutdown Poses Big Risks to Both Parties

WASHINGTON - Democrats and Republicans say the last thing they want to do is to shut down the government. But with budget talks showing little signs of a breakthrough, there are growing worries that a stalemate could hurt the economy's fragile recovery. Many economists and budget analysts suggest that a government...

Opinion: End Obama's Policy of Higher Gas Prices

Gas prices are dangerously close to doubling since President Barack Obama was inaugurated. As American drivers and small-business owners feel the pain at the pump, he should reverse course and stop punishing consumers to promote a "green" agenda. Yes, the events in Egypt and Libya have affected global oil prices. But we...

Opinion: It's the Egyptian Economy, Stupid

On Monday, Egypt's military rulers announced plans to have a constitutional referendum later this month. That's welcome news to those fretting over whether a stable, transparent democracy can emerge from the ashes of the Mubarak regime in Egypt. But in order for democracy to sprout along the Nile, transitional leaders...

The WikiLeaks Guide to the Gadhafi Clan

Libyan dictator Col. Moammar Gadhafi heads a fractious family obsessed with power, wealth and chart-topping R&B stars, according to U.S. diplomatic cables released by anti-secrecy site WikiLeaks. Those damning documents portray the tyrant and his eight children as a bizarre and brutal Brady Bunch, who were seemingly so...