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The article discusses the state of the U.S. economy in 2008, and the difficulties that will be faced by U.S. President-Elect Barack Obama as he tries to fix the housing market, create more jobs, solve the energy crisis, and fix the health care system. He has very little experience in business and economics, and spent much of his presidential campaign attacking business leaders and blaming them for the economic crisis, but after his election he has begun meeting with economic advisers.

Largest Maryland Thrift Gets Approval for US Insurance As Legislature Considers Emergency Financial Aid Package With Maryland's legislature preparing to hammer out a permanent solution to the state's troubled thrifts [...]

WASHINGTON -- Today, while members of the Securities Industry Association bask in the warmth of Boca Raton, Fla., during their annual convention, the Federal Reserve Board will be pondering a [...]

HOUSTON -- Robert Clarke's mother always wanted her son to be a banker. She was certain it was a prosperous profession: Those big glassy office buildings the family had driven [...]

WASHINGTON -- One day in 1986, teams of bank examiners will descend upon Sun Trust BAnks Inc. of Atlanta and its subsidiaries for a routine review of the company's financial [...]

WASHINGTON -- The addition of Wayne D. Angell and Manuel 'Manley' H. Johnson Jr. to the Federal Reserve Board will strengthen the hand of deregulators at an agency that is [...]

WASHINGTON -- A proposal to form a quasi-private corporation to lift some of the burden off the struggling federal savings and loan insurance fund is gaining momentum and has widespread [...]

WASHINGTON -- There's a new fad among the chardonnay & brie crowd -- those upwardly mobile professionals with two wage earners in the family. It's called the 15-year mortgage, and [...]

Baker Making His Mark on Treasury's Agenda Treasury Chief's Success Credited to Political Savvy While the 'Baker initiative' slogan conjures up schemes to aid the troubled world of international debtors, [...]

A money brokerage company on Monday sued the Federal Deposit Insurance Corp., demanding that the agency pay off depositors that placed $2.4 million into Strong's Bank in Dodgeville, Wis., through [...]

Battle over FDIC Bank Powers Rule Continues After nearly two years of haggling, the Federal Deposit Insurance Corp. and financial services executives are far from agreement over an agency plan [...]

The Unmaking of Beverly Hills S&L House Panel Set to Resume Investigation of Thrift's Spectacular Rise and Fall Just two years ago, Beverly Hills Savings and Loan was a darling [...]

WASHINGTON -- Banking interests are likely to take the Securities and Exchange Commission to court over a rule. Adopted Monday, that would force up to 3,000 banks to register with [...]

Maryland Panic Subsides After Caps Imposed Bill Before Legislature Spells End to State Insurance Fund Pressure on Maryland thrifts eased Wednesday as a $1,000-a-month withdrawal limit went into effect and [...]

Maryland's deposit run continued to spread Tuesday as hundreds of federal bank and thrift examiners pored over the books of the state's privately insured thrifts in preparation to extend Federal [...]

WASHINGTON -- John A. Holland, a veteran postal inspector, had seen check-kiting schemes before, but he needed help from his banker wife to understand this one. Albert R. Murray Jr., [...]

WASHINGTON -- Under growing pressure from lawmakers, the Securities and Exchange Commission is considering options to curb abuses in the largely unregulated government securities market. Later this week the SEC [...]

BALTIMORE -- Charles C. Hogg 2d, the Harvard MBA who runs the Maryland Savings-Share Insurance Corp., knows the value of effective public relations -- particularly in the banking business, where [...]

Martin Surveys His Years at the Fed On the Eve of His Departure, Says He Remains Open to Offer of Fed Chaimanship 'You haven't heard the last of me,' said [...]

Examiners Sent Into Texas Area For Thrift Study WASHINGTON -- At least 250 federal examiners from around the country are moving into Texas and four surrounding states to examine federally [...]

How to Sell Off Growing Number of Failed Banks Is the Most Pressing Question Facing the FDIC WASHINGTON -- Four major banks made bids to the Federal Deposit Insurance Corp. [...]

The Securities Industry Association, fresh from a string of victories against commercial paper operations at the nation's largest banks, plans to challenge the authority of banks to conduct private placements [...]

Commercial paper operations are not the only securities activities at the nation's largest banks endangered by a federal judge's ruling against Bankers Trust Co. this week. Legal experts say the [...]

WASHINGTON -- A proposed relaxation of the Federal Home Loan Bank Board's policy on interstate branching has drawn strong opposition from the smallest players in the commercial banking industry and [...]

WASHINGTON -- Large banks are going to find off-balance-sheet activities less attractive and liquid assets more alluring. Smaller banks are simply going to breathe a sigh of relief. That's the [...]

WASHINGTON -- In two important decisions Monday, the Supreme Court upheld the right of national banks to offer discount brokerage services directly and opened the way for a court challenge [...]

WASHINGTON -- Defying pressure from the Reagan administration and the securities industry, the Federal Reserve Board voted 3-2 Wednesday to limit debt -- commonly junk bonds -- used in corporate [...]

The article notes a chart that shows India and China are leaders in approving H-1B visa applications in 2012 and also argues that the U.S. limits on H-1B visas and specialty green cards as of January 2014 should be eliminated so American companies can recruit as many foreign workers as they need. The article refers to economist Alan Greenspan's book "The Map and the Territory" in the discussion of the increasing income gap in the U.S.

The author opines on the imposition of a carbon tax in the U.S., noting that such a proposal is incorporated in a legislative bill authored by Republican U.S. Congressmen Jeff Flake and Bob Inglis. The author indicates the existence of carbon tax proponents among free-market economists. She notes that the Inglis-Flake bill would offset carbon taxes with payroll tax cuts.

The article reports that 2008 U.S. presidential candidates John McCain and Barack Obama have differing opinions on the state of the U.S. economy in 2008. McCain has said that the economy is fundamentally sound and will recover on its own. Obama believes that it is in big trouble. Part of his campaign for president involves pointing out problems with the economy and pledging to fix them.

WASHINGTON -- The Federal Deposit Insurance Corp. on Monday formally scrapped a regulation that would have limited insurance coverage on brokered deposits in banks. The FDIC move brings to an [...]

WASHINGTON -- The Federal Home Loan Bank Board's proposal to loosen interstate restrictions on federal thrifts would accelerate consolidation in the industry and prompt more large Claifornia institutions to establish [...]

WASHINGTON -- Federal regulators are considering a proposal to offer financial assistance to troubled banks before they become insolvent as a way to reduce the mushrooming level of bank failures [...]

WASHINGTON -- The chairman of the Federal Home Loan Bank Board during a congressional hearing on Monday accused Ohio regulators of refusing to give the agency access to documents that [...]