I usually find the quarterly homeowner vacancy and homeownership report from Census pretty lackluster, but the latest one released this morning was anything but.
America's home ownership rate, after holding steady for a while, took a pretty big plunge in Q4, from 66.9 percent to 66.5 percent. That's down from the 2004 peak of 69.2 percent and...
News developments often lead to some rather ironic coincidences, such as this past week. On Friday, the crisis in Egypt seemed to finally come to the attention of the West when the Egyptian government decided to completely cut off the nation’s connections to the internet. Only a few days earlier, Cnet’s Declan McCullough noted that Congress was...
At an event with progressive activists last week, Senate Majority Leader Harry Reid took major Social Security cuts and privatization completely off the legislative table.
"As long as I'm the Majority Leader, I'm going to do everything within my legislative powers to prevent privatizing or eliminating Social Security," Reid said. "I'll simply...
Higher demand, crude prices lift Exxon profit 53%
By Reuters
Posted yesterday at 7:15 a.m.
Exxon Mobil Corp. reported a 53 percent increase in quarterly profit Monday as an improving world economy sparked higher demand for fuel and chemicals as crude oil prices rose.
It reported a fourth-quarter profit of $9.25 billion, or $1.85 per share,...
