After decades of sending jobs and production facilities to China and other nations with cheap, abundant labor, many top U.S. companies are now looking homeward for cheap labor and lower production costs. With record unemployment and a stagnant economy, the cost of labor in the U.S. has become much more competitive with those in emerging [...]
Former Fannie Mae and Freddie Mac CEOs Daniel Mudd and Richard Syron are being charged with fraud by the U.S. Securities and Exchange Commission, a charge that has, frankly, been a long time coming. These two men, along with many of their underlings at the two quasi-public mortgage giants, are most likely responsible for quite [...]
WASHINGTON (Reuters) – The U.S. budget gap widened slightly in fiscal 2011, staying above $ 1 trillion for a third straight year and providing fodder for a political battle over taxes and spending ahead of next year’s presidential election. The Treasury Department report on Friday comes just over two months after an epic showdown over [...]