The U.S economy continues to show more employers hiring as the number of first-time filers for unemployment benefits fell again in the week ending December 17 to 364,000, a decrease of 4,000 from the previous week’s revised figure of 368,000.
This number marks the lowest level of initial unemployment claims since May 31, 2008, and suggests [...]
In more good news for the U.S., the economy grew by 1.8% in the third quarter of 2011. The gross domestic product (GDP) numbers — the output of goods and services produced by labor and property in the United States — comes from the “third” estimate released by the Bureau of Economic Analysis.
This compares to [...]
Last week, leaders of the Eurozone met to seek a solution to their debt and liquidity problems. At first blush, their major solution to the problems-tighter economic and monetary integration-appeared incapable of dealing with the mountains of debt and liquidity crises faced by countries such as Italy, Greece and Spain.
However, one little-recognized measure they took [...]
8. Herman Cain ($2.8 million to $6.3 million)
Although Herman Cain may be old news in the Republican primary, he is still included here because he has so far, suspended, not ended his campaign.
Cain is worth between $2.8 million and $6.3 million and made between $1.2 million and $2.4 million from 2010 to August 2011, according [...]
6. Rick Perry (more than $1.3 million)
Rick Perry is worth at least $1.1 million, according to Forbes. The majority of this wealth has been accumulated while he served in office.
Perry’s biggest source of income is his real estate deals. In 2007, Perry made over $800,000 selling land in Texas’ Horseshoe Bay, a lot he had [...]
6. Rick Santorum ($522,015 to $1.9 million)
Richard John “Rick” Santorum’s net worth is between $522,015 and $1,824,997.
Santorum was born on May 10, 1958 and is a lawyer and a former United States Senator from the commonwealth of Pennsylvania. He was the chairman of the Senate Republican Conference – the third-ranking Senate Republican from 2001 until [...]
5. Ron Paul ($2.25 to $5 million)
Ron Paul’s net worth is between approximately $2.25 million and $5 million. Trained in obstetrics and gynecology, Dr. Paul served as a flight surgeon in the United States Air Force from 1963 until 1968.
He started his own practice in the late 1960s and worked as an obstetrician and gynecologist [...]
4. Michele Bachman ($912,000 to $2.15 million)
Rep. Michele Bachmann net worth is in the range of $912,000 to $2.15 million, andher largest assets being a clinic property in Minnesota and a family farm in Wisconsin, according to new financial disclosures filed with the House.
The Minnesota Republican reported that Bachmann and Associates Psychotherapy is worth at [...]
3. Jon Huntsman ($16 million to $71 million)
Jon Huntsman has served as CEO of his family’s Huntsman Corporation and was elected Governor of Utah in April, 2004. In 2008, he won re-election with nearly 78% of the vote.
While governor, he also served as chairman of the Western Governors Association and as a member of the [...]
2. Newton Leroy “Newt” Gingrich ($6.7 million to $30.1 million)
After leaving Congress in 1999, The former House speaker started a number of for-profit companies. Between 2001 and 2010, the companies he and his wife owned in full or part had revenues of almost $100 million.
Gingrich’s assets were valued between $7.3 million and $30.7 million in [...]
As the Republican primary heats up, the two top candidates – ex-Speaker Newt Gingrich and ex-Governor Mitt Romney have taken to challenging competitors to $10,000 bets (Romney to Perry), challenging the other to return $1.6 million in consulting fees (Romney to Gingrich) and urging the other to return money earned from making people unemployed (Gingrich [...]
Painting an improving picture for the U.S economy, the number of first-time filers for unemployment benefits fell in the week ending December 10 to 366,000, a decrease of 19,000 from the previous week’s revised figure of 385,000.
This number marks the lowest level of initial unemployment claims since May 31, 2008, and is a welcome sign [...]
In more good news for the U.S economy, the number of first-time filers for unemployment benefits fell in the week ending December 3 to 381,000, a decrease of 23,000 from the previous week’s 396,250.
This number comes in below the psychologically important 400,000 benchmark and gives an indication of growing strength in the U.S economy and [...]
If the European Union fails to agree today to a plan that is perceived as effective by the markets, we may see an economic meltdown in some Eurozone countries.
The costs of borrowing may rapidly rise for countries like Greece, Italy and Spain and we may be headed for exits from the Eurozone and defaults of [...]
Press Release
WASHINGTON – The U.S. Department of the Treasury today announced that Secretary Tim Geithner will travel to Europe December 6-8, 2011, for discussions with his counterparts on their efforts to reinforce the institutions of the euro area.
On Tuesday, December 6, the Secretary will arrive in Frankfurt, Germany, for meetings with European Central Bank President [...]
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