WASHINGTON (AP) — The Federal Reserve pledged today to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery. ...more

December 16, 2009

For people whose skin itches after a dip in a chlorinated swimming pool, a new indoor salt water pool should make a splash. ...more

October 21, 2009

We are now finishing the 16th month of the recession, which began in December 2007, according to the National Bureau of Economic Research. Not only is this a long recession, but it's also a severe one, marked by painfully high levels of job losses, a sharply reduced credit flow and a drop in the value of many investments. ...more

March 27, 2009

ST. JOHN'S, Antigua - Having seized control of Robert Allen Stanford's two banks in recent days, Antiguan government officials are now pledging to work closely with American regulators to investigate their offshore banking system, long suspected by federal officials of being a center for laundering money from around the region. ...more

March 1, 2009

For years, there were red flags - so many they could have massed into a crimson blanket. ...more

March 1, 2009

R. ALLEN STANFORD Age: 58 His Wealth: $2.2 billion, according to Forbes magazine ...more

March 1, 2009

ST. JOHN'S, Antigua - Regulators in the Caribbean took over Antiguan banks owned by Texas financier R. Allen Stanford on Friday, hoping to contain damage to the local economy as U.S. investigators explore an alleged fraud scheme involving billions of dollars. ...more

February 21, 2009

Texas financier R. Allen Stanford has been found in Virginia and served with legal papers in a multibillion-dollar fraud case. ...more

February 20, 2009

Citing a desire to reward his employees, a Miami banker doled out $60 million in bonuses to all staffers and even some retirees after he sold a majority stake in the company for close to $1 billion. ...more

February 16, 2009

This is not only a new year. It also is the birth of the Union of the Socialist States of America (USSA). Reminds one of the failed union of socialist Soviet Republics (USSR), doesn't it? No, I'm not referring to an association of American states, such as Cuba, Venezuela and Bolivia. I have in mind what was once the economically responsible and stable, capitalistic, free-enterprise, United States of America. ...more

January 11, 2009