Unemployment rate inches up to 7.9%

by -NO AUTHOR- -- (WASHINGTON TIMES) Unemployment ticked up to 7.9 percent despite a better-than-expected job gain of 171,000 last month, the Labor Department reported Friday morning. The last major economic report more…

Greek society in freefall

by -NO AUTHOR- -- (Associated Press) A sign taped to a wall in an Athens hospital appealed for civility from patients. "The doctors on duty have been unpaid since May," it read. more…

New York asks feds to cover all storm costs

by -NO AUTHOR- -- (Reuters) New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore more…

Looming tax hike motivates owners to sell

by -NO AUTHOR- -- (MEMRI) A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses. Many business owners—mostly founders who could gain a lot from more…

Time for economists to admit they're stumped

by -NO AUTHOR- -- (Reuters) It is time for economists to admit that they are stumped. Four years after being blindsided by Lehman Brothers' collapse, the profession is still stumbling in the more…

New technique turns algae to fuel in 1 minute

by -NO AUTHOR- -- (OilPrice) University of Michigan engineers lead by Phil Savage, an Arthur F. Thurnau professor and a professor of chemical engineering can "pressure-cook" algae for as little as a more…

China buying into U.S. fracking company

by -NO AUTHOR- -- (OilPrice) As the U.S. ramps up to its presidential election, both Republican candidate Mitt Romney and incumbent President Barack Obama have increasingly made a "get tough" approach with more…