2+ hour, 9+ min ago  (162+ words) By WYATTE GRANTHAM-PHILLIPS NEW YORK (AP) " Oil prices rose in early trading Sunday as a standoff between Iran and the U. S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy" The price…...

1+ mon, 2+ week ago  (803+ words) Managing the money supply of a modern economy is a dirty job, but somebody has to do it. For some 110 years, we have had an operating central bank, the Federal Reserve system, to do that. It could reduce harm to…...

3+ mon, 1+ day ago  (435+ words) Ancient Greek sages argued that, "Whom the gods would destroy, they first make mad!" The disclosure last week that the Trump administration's Justice Department is initiating a criminal investigation of Federal Reserve Chair Jerome Powell bears out the wisdom of…...

1+ mon, 3+ week ago  (786+ words) Our nation is in a dangerous economic situation this year. A financial crisis worse than that of 2007-09 is now possible, because of the ways markets have developed, and because the Federal Reserve let this happen. Some economists, including me, believe…...

7+ mon, 5+ day ago  (820+ words) Both Sen. Hubert Humphrey and Rep. Augustus Hawkins were raised in religious families. Yet when drafting their Full Employment and Balanced Growth Act in 1977, they forgot to apply Jesus" warning in Matthew 6 to the Federal Reserve, paraphrasing that "no central…...

17+ hour, 37+ min ago  (967+ words) Things are not going great in the Mideast. With President Donald Trump doubling down on the battle over the Strait of Hormuz, petroleum prices won't drop anytime soon. Nor will prices of nitrogen and phosphate fertilizers for farmers, nor for…...

9+ mon, 2+ week ago  (716+ words) On Friday, Americans across the country celebrated Independence Day " a moment to reflect on the cherished freedoms we hold dear. But in addition to the parades and fireworks, there's another kind of independence worth thinking about: financial independence. While the…...

3+ day, 9+ min ago  (315+ words) Minnesota's unemployment rate ticked up one-tenth of a percentage point to 4. 5% in February, exceeding the national rate of 4. 4%, as the state lost a net 6, 100 jobs over the month, according to data released Thursday by the Minnesota Department of Employment and…...

5+ day, 2+ hour ago  (314+ words) When it comes to understanding the economy, the pull of the past is hard to ignore. Cause and consequence are difficult enough to parse in real time. How about predicting a sequence of events? Near impossible. Comparing today's economy to…...

3+ week, 3+ day ago  (1317+ words) Damon Wise opened his barbecue restaurant, Pineapple Express, in Montclair, New Jersey, with a traditional business plan. Forty percent of the revenue would come from food sales, and 60% would come from alcohol. A veteran of the New York City restaurant…...