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Economists Say Outlook for 2011 Getting Brighter

WASHINGTON -- Employers will hire more workers this year, and the economy will grow faster than envisioned three months ago, according to an Associated Press survey that found growing optimism among leading economists. But unemployment will stay chronically high - nearly 9 percent by year's end, the latest quarterly AP...

Corporate Profits Soar to Record Levels, but Little Evidence of Trickle Down Yet

(Nov. 23) -- When it comes to the nation's economy, is the glass half full or half empty? On Tuesday, the U.S. Department of Commerce revised its figures for how fast the nation's economy grew in the third quarter. GDP measured 2.5 percent, up 0.3 percentage points from the original estimates of 2.2 percent. A range of...

At $1,400 an Ounce, Gold Prices Reach All-Time High

(Nov. 8) -- He has been widely criticized for his role as a pitchman for Goldline, but Glenn Beck did have one thing right about gold: The precious metal is on the rise. Gold reached an all-time high of $1,410.30 an ounce today, after setting the record at $1,409.40 an ounce on the Comex division of the New York...

Contrary to Politico, Social Security Benefits Aren't Pegged to Growth

(Oct. 14) -- Social Security turned 75 this year. How's it doing these days? On Wednesday, Politico's Simmi Aujla reported on some gloomy news regarding the federal benefits program. He wrote, "On Friday, Social Security recipients will learn that they won't receive higher benefits for the second year in a row because the...

Argentina Is the Real 'Latin American Tiger,' Not Brazil

(Sept. 23) -- Who's king of the jungle? The Washington Post ran an article this week touting Brazil as a Latin American tiger due to its fast-growing economy. The "tiger" moniker, of course, being a common metaphor employed to describe national economic prosperity -- for instance, the rapid growth of Asian countries such...