Exciting as it is to be living through historic economic drama, you can't just stand by and watch. You have to act - yet you have no script.
President-elect Barack Obama this week proposed a massive economic stimulus program with a lofty goal amid a deep recession: create 3 million jobs.
Bleak economic data in Europe and a wave of profit warnings and job cuts worldwide renewed investors' fears on Thursday, strengthening the case for more government stimulus efforts and encouraging rate cuts.
President-elect Barack Obama and his foreign policy advisers and speechwriters are wrestling with one of the most important speeches of his presidency, his inaugural address.
More than three out of four auto executives expect more bankruptcies in their industry, according to an annual survey by audit and accounting firm KPMG LLP.
Detroit automakers are no longer in the driver's seat when it comes to their own recovery. The U.S. economy is.
Oil prices fell Wednesday in one of the biggest single-day declines in history, after a woeful supply report gave previously bullish investors little reason to believe oil would sustain a rally anytime soon.
The dollar retreated against major currencies Wednesday as two weak jobs reports showed that the already battered U.S. labor market wasn't getting better.
The men's national team embarks on a very busy 2009 with a lot of players in contention for spots on the 2010 World Cup roster. There's a full slate of games on tap, but something less than a full plate of players.
Although President-elect Barack Obama will become the next commander-in-chief in just two weeks, several key issues remain to be resolved regarding the drawdown of U.S. troops in Iraq and the buildup of U.S. forces in Afghanistan.
Exciting as it is to be living through historic economic drama, you can't just stand by and watch. You have to act - yet you have no script.
President-elect Barack Obama this week proposed a massive economic stimulus program with a lofty goal amid a deep recession: create 3 million jobs.
Bleak economic data in Europe and a wave of profit warnings and job cuts worldwide renewed investors' fears on Thursday, strengthening the case for more government stimulus efforts and encouraging rate cuts.
President-elect Barack Obama and his foreign policy advisers and speechwriters are wrestling with one of the most important speeches of his presidency, his inaugural address.
More than three out of four auto executives expect more bankruptcies in their industry, according to an annual survey by audit and accounting firm KPMG LLP.
Detroit automakers are no longer in the driver's seat when it comes to their own recovery. The U.S. economy is.
Oil prices fell Wednesday in one of the biggest single-day declines in history, after a woeful supply report gave previously bullish investors little reason to believe oil would sustain a rally anytime soon.
The dollar retreated against major currencies Wednesday as two weak jobs reports showed that the already battered U.S. labor market wasn't getting better.
The men's national team embarks on a very busy 2009 with a lot of players in contention for spots on the 2010 World Cup roster. There's a full slate of games on tap, but something less than a full plate of players.
Although President-elect Barack Obama will become the next commander-in-chief in just two weeks, several key issues remain to be resolved regarding the drawdown of U.S. troops in Iraq and the buildup of U.S. forces in Afghanistan.
Stepping into a new year seems like a fine time to pause for a snapshot of mixed martial arts' weight classes. MMA has sprouted vibrant divisions from heavyweight down to 135, creating scenarios for relevant fight after relevant fight. And a look at seven of the most widely utilized classes reveals just how rich Zuffa has become with elite fighters.
So president-elect Barack Obama wants to make the deployment of broadband Internet networks part of a sweeping stimulus package that he hopes would create new jobs, update the nation's hospitals, schools and other facilities, and lift the United States out of recession.
A new study by Canadian researchers, published in the Annals of Internal Medicine, found that colonoscopies are still very effective in detecting colorectal cancer, but they're only good at doing so in cancers found on the left side of the colon, not on the right side.
Of all the power supplies in the energy mix, nuclear has historically been the most criticized and controversial. But this most unpopular of power sources has recently resurfaced in political and economic dialogue.
David Crane is a man who isn't afraid of a challenge. When he took the helm at NRG Energy in the winter of 2003, the company was mired in Chapter 11 bankruptcy proceedings -- just one of many companies caught in the meltdown of the U.S. power generation industry, instigated by the scandalous collapse of Texan power giant Enron in 2001.
Oxfam's new book "From Poverty to Power: How Active Citizens and Effective States Can Change the World" is a detailed and vivid account of poverty, its effects and how it can be eradicated. Principal Voices spoke to the book's author and Head of Research at Oxfam GB, Duncan Green about the charity's prescription for change.
Battered by tight credit and the worst recession in decades, industrywide U.S. auto sales plunged 36% from year-ago levels in December, a decline that hit all of the major automakers, both foreign and domestic, and capped the industry's worst year since 1992.
One of the planet's most fragile and pristine ecosystems sits atop a bounty of untapped fossil fuels.
The statistics are sobering: Heart disease is the number-one killer of women in the United States. And an estimated 8 million women have it. What's more, a new study shows that in recent years the overall heart disease risk for Americans -- especially women -- hasn't continued the healthy downward trend it showed in previous decades.
Researchers in the United States are buoyed by the results of a study which has determined that a giant grass could help the country to meet its steep biofuel targets.
David Hales is president of the College of the Atlantic, a U.S. college with an ecologically-centered approach.
New Hampshire star James van Riemsdyk scored at 2:49 of overtime to give the United States a 3-2 victory over the Czech Republic on Sunday night in the fifth-place game in the world junior hockey championship.
Officials from the Federal Reserve and the European Central Bank Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession.
Investors begin the first full week of 2009 trading on Monday with one question in mind: Is the worst over?
An Iraqi TV employee who was shot and critically wounded on New Year's Day said the U.S. soldiers who fired at her gave no warning, her supervisor said Saturday.
Australia declined a request from the Bush administration to resettle detainees held by the United States at Guantanamo Bay, the Australian Associated Press agency (AAP) reported Saturday.
OTTAWA (AP) -- Jaroslav Janus led Slovakia to a surprising quarterfinal victory over the United States in the world junior hockey championship, making 44 saves in a 5-3 decision Friday at Scotiabank Place.
Club Deportivo Guadalajara and Club América will renew their hostilities at least three times in 2009, the first meeting set to take place Saturday in Houston. And for these upcoming meetings, the clubs will add a new wrinkle that could potentially capture the attention of a new audience.
Here's the thing about that 7-4 loss to the Canadians on New Year's Eve: It was only a round robin game for Team USA at the World Junior Championships. Blowing an early 3-0 lead might have been embarrassing, but it did not mean elimination.
Ford Motor Co expects industrywide December U.S. auto sales to drop by some 35% from a year earlier with no sign of a turnaround in the first quarter of this year.
Australia is considering a request from the Bush administration to resettle detainees from Guantanamo Bay, though it is unlikely to accept, the prime minister's office said Friday.
The U.S. dollar started the new year on a subdued note as tentative signs of an easing in risk aversion benefited higher-yielding currencies like the Australian and New Zealand dollars.
The Gaza crisis is an alarm bell for incoming Secretary of State Hillary Clinton, promising a bumpy ride.
The U.S. military formally handed authority over Baghdad's "Green Zone" to Iraqis on Thursday as new pacts governing the mission of international troops replaced a U.N. mandate.
OTTAWA (AP) -- John Tavares scored three goals and Canada overcame an early three-goal deficit to beat the United States 7-4 on Wednesday night and earn a bye into the semifinals in the world junior hockey championship.
The U.S. dollar rose Wednesday and posted its first yearly gain against a basket of currencies since 2005 as the worst financial crisis in 80 years led investors to take refuge in the greenback.
1. The U.S. will win in the Estadio Azteca for the first time. History is actually on Bob Bradley's side when the U.S. plays at Mexico in 2010 World Cup qualifying on Aug. 12. The last two times an American coach took a team down to its personal hell of a venue for the first time were the last two times the U.S. had a real shot at a result. Steve Sampson guided the team to its only point at the Azteca in 1997 with a 0-0 draw, and Bruce Arena's best and only real shot of a win there came two years later in his first trip to Mexico City, as Mexico won 1-0 in extra time of a Confederations Cup '99 semifinal. Bradley will prepare his team well, the Americans will extend their dominance over El Tri onto Mexican soil and Landon Donovan will become an even greater villain by scoring the game-winning goal.
One of the least explored personal sides to our new president is the amount of gasoline in his veins. We know all about his affection for the basketball court and his tendency every now and then to sneak out for a cigarette. But we've heard very little about what drove him to acquire one of the least politically-correct cars on the planet: a Chrysler 300C.
Oil slid below $37 a barrel on Wednesday, heading for a fall of 60% in 2008 as the global economic slowdown bit deep into energy demand.
American military deaths in Iraq have dropped dramatically this year, a trend observers attribute to the lasting effects of the U.S.-led surge offensive, more robust Iraqi security performance and civilians' disgust with warfare.
The dollar fell against major currencies Tuesday after reports showed huge declines in new home sales and weak consumer confidence.
The U.S. dollar fell against the euro and a basket of currencies Tuesday as weak U.S. housing data and a dim economic outlook for the start of 2009 weighed on the currency.
Oil fell below $40 a barrel on Tuesday, pressured by gloom over the outlook for the world economy, which outweighed tension in the Middle East due to the Israeli-Hamas conflict.
The U.S. ambassador to Afghanistan said roadside bombs have doubled and kidnapping have increased over the last year in the war-torn country, but said the cultivation of opium poppies that is used to produce heroin has declined.
The dollar fell against the euro and a basket of currencies on Tuesday as traders closed out some positions before the year-end and ahead of data on the U.S. housing market and consumer confidence later in the day.
When the Obama administration takes office in January, it will propose a fiscal stimulus consisting of increased government spending and lower taxes.
Prices for short-term U.S. Treasury debt rose Monday as a safe-haven trade in effect for more than a year, reinforced by escalating tensions in the Middle East, persisted into year-end.
U.S. commercial banks reported $6 billion of revenue from trading foreign exchange, interest-rate and other derivative instruments in the third quarter as credit spreads deteriorated and accounting rules inflated results, the Office of the Comptroller of the Currency said on Monday.
By now, it has become almost a cliché: "I never thought I'd live to see it happen."
The voters in the town hall meeting were so silent you could almost hear them straining to listen. No public official, let alone a newly sworn-in President, had ever talked to them this way.
Crumbling home and auto sales pushed three Japanese insurers into merger talks and Koreans plan to cut spending on children's education, signs the global economic slump is reshaping business and lifestyles around the world.
It looks like America may be getting a whole lot more energy-efficient as part of any new stimulus package.
The U.S. Army says it will honor the "heroism and sacrifice" of 350 U.S. soldiers who were held as slaves by Nazi Germany during World War II.
The Iraqi Presidency Council approved a resolution Sunday that will allow non-U.S. foreign troops to remain in Iraq after a U.N. mandate expires at year's end.
Mexico has suspended purchases from 30 U.S. meat plants, some of which are the largest in the country, due to sanitary issues, but U.S. analysts argue Mexico is retaliating for a U.S. meat-labeling law that allegedly could hurt Mexican meat sales here.
Concerns about health care, food and vaccine safety added to the anxieties Americans felt this year. But it wasn't all doom and gloom -- medical advances in stem cell research have scientists hoping for better transplant surgeries in the future. Here are the top health stories of the year:
Oil climbed above $36 a barrel on Friday after the United Arab Emirates joined leading exporter Saudi Arabia in deepening supply curbs in line with OPEC's biggest ever output cut announced last week.
Stocks opened higher Friday morning as a smattering of investors returned from the holiday to confront grim retail sales figures.
Question: Financial advisers always know our net worth and investments, but we never know what they are invested in. What are the Mole's investments?
The U.S. military plans to help the Afghanistan government recruit, train and arm local Afghans to fight a resurgent Taliban, U.S. military officials say.
Wall Street analysts have abandoned all expectations for a rebound in U.S. company earnings in the fourth quarter, all but ensuring the corporate profit recession that began in the third quarter of 2007 will continue without interruption into next year.
Anti-American sentiment in Arab nations may be at a historic high, but Secretary of State Condoleezza Rice was the honorary recipient of more than a quarter of a million dollars in jewelry from an Arab leader over the past year.
The number of Americans filing for first-time unemployment benefits rose to a 26-year high last week, according to a government report released Wednesday.
It looks like America may be getting a whole lot more energy efficient as part of any new stimulus plan.
Oil prices continued to edge lower Tuesday ahead of the Christmas holiday.
A new national poll Monday finds a majority of Americans approve of recent loans to big U.S. automakers, but less than 3 in 10 would support additional assistance.
A majority of Americans favor the Bush administration's decision to bail out the U.S. auto industry, but they draw the line at $13.4 billion.
Oil prices fell Monday as investors continued last week's practice of falling prices leading up to the Christmas holiday, and the dollar earned back early losses against the euro.
European markets slipped solidly into negative territory on Monday, following news of a deepening recession in Japan and slumping sales at Toyota.
The 1990s are commonly known as Japan's "lost decade." Now, this decade isn't looking too good either.
Suspected U.S. missiles hit targets in Pakistani tribal areas near the border with Afghanistan on Monday, killing at least seven people, Pakistani intelligence sources and local officials said.
Snowstorms and icy conditions on Sunday delayed flights across the northern United States, caused havoc on roads and left thousands without electricity.
Investors return Monday for the last few trading days of what has been a tumultuous year and face a slew of economic reports in a holiday-shortened trading week.
Canada will provide roughly $3.3 billion in aid to its automotive sector, officials announced Saturday, honoring a previous pledge to provide 20 percent of what the U.S. government offered automakers.
Canada will provide roughly $4 billion in aid to its automotive sector, officials announced Saturday, honoring a previous pledge to provide 20 percent of whatever was offered to automakers by the U.S. government.
The United States and Mexico pledged Friday to redouble efforts in the war against drugs.
Mexicans welcomed Friday's report that U.S. automakers will get federal money to help them survive the economic crisis, but industry here is already talking about a possible bailout for the Mexican market as well.
The U.S. dollar rallied against other major currencies Friday after a $13.4 billion auto bailout gave investors confidence about preserving their capital in U.S. Treasurys, which they need dollars to buy.
"Where's the beef, Kobe?" That's what many U.S. basketball fans will be asking as their team of NBA superstars takes to the hardwood in pursuit of the gold medal in Beijing.
The next bubble is here...but this is one many people want to see popped.
As bad as the year has been for U.S. equities, the scene around the world has been even more harrowing. Morgan Stanley Capital International's index of 21 non-U.S. markets is down 49% through Dec. 1, 2008, compared with a 43% slide in the S&P 500. But the real devastation has occurred in once-hot emerging markets. China's CSI index of 300 publicly traded stocks has fallen 63% for the year. The MICEX index of 30 of Russia's most liquid stocks is down a staggering 73%.
U.S. stocks opened higher Thursday, as investors reacted to a better-than-expected report on the job market and weighed the lowest oil prices since 2004.
This recession has been so unusual that it has brought back economic phenomena that haven't been seen in generations, at least not in the U.S. Chief among them is deflation. It's a scary prospect that has been on people's minds since evidence of a deepening recession started proliferating quickly earlier in the fall.
Multinational naval forces rescued the crew of a Chinese merchant ship from pirates in the Gulf of Aden on Wednesday, shipping sources said.
Letters containing white powder were mailed to 16 U.S. embassies across Europe, according to the State Department on Wednesday.
If you're traveling over the holidays, chances are you're not looking forward to spending time in a crowded, stressful airport. Faced with the prospect of long waits, deafening public-address systems, and indigestion, you may quickly lose that festive feeling.
The United Nations Security Council passed a resolution on Tuesday aimed at combating piracy along the Horn of Africa by allowing military forces to chase pirates onto land in cases of "hot pursuit."
Three Guantanamo Bay prisoners were released to their families Tuesday, becoming the first detainees to be sent home as a result of a U.S. court ruling.
The U.S. dollar fell sharply against major currencies Tuesday after the Federal Reserve announced its decision to cut interest rates.
You've heard the conventional wisdom: Entrepreneurs drive innovation and job creation in the U.S. Yet two recently published books draw starkly different conclusions about the state of small business in America today.
Best Buy Co. announced Tuesday that a worsening sales environment could force it to lay off employees and significantly slow its new store openings in the United States.
Detroit's Big Three aren't the only automotive companies that want to see the government step in with some much-needed financial help.
India's air force geared up for possible missions against suspected terrorist camps in Pakistan in the immediate aftermath of November's Mumbai attacks, U.S. military officials told CNN Monday.
The dollar weakened against major currencies Monday - hitting a two-month low against the euro - amid strained auto bailout talk and as a two-day Federal Reserve meeting got under way.
Nature can be amazingly resilient, capable of adapting to constantly changing ecological conditions. And yet, this resiliency is limited and rapidly reaching the breaking point.
Marjorye Heeney knew something was wrong when she saw a bulging cloud of black dust darken the sky.
When Martin P.* was laid off from his job as a marketing vice president, he embarked on a two-year job search and still came up short.
Most Asian markets soared on Monday, lifted by hopes of a bailout for America's troubled automakers.
U.S. prosecutors met Saturday with dozens of Iraqis to discuss the case of five former Blackwater Worldwide guards accused in a shooting that killed 17 in 2007.
The Pentagon is looking at options, but there are no plans for U.S. forces to go ashore in pursuit of pirates in Somalia, a spokesman for the Joint Chiefs of Staff said Friday.
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