Unemployment Rate Below 10 Percent as Federal Government Grows

The U.S. unemployment rate made a slight recovery in January, as it dropped to 9.7 percent, indicating a slight upswing in the labor market.
A Labor Department report showed that about a half a million Americans found work in January, pushing the jobless rate to the lowest mark since last August.
President Barrack Obama announced a temporary [...]

Stock Market Tanks after Obama Speech on Banking

A proposal by President Obama for stricter limits on financial risk today caused a downward spiral to the stock market.
The President’s proposal included new rules that will prevent bans from owning, investing, or sponsoring hedge funds or private equity funds.  The new proposal would also bar the banks from making proprietary trades that are unrelated [...]