Trade Deficit Soars to $40B in December

The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for oil and other imports.

Cult Status? Secretive Culture Led Toyota Astray

Toyota Motor's President Akio Toyoda, second from left, and Vice President Shinichi Sasaki, left, bow following a news conference Tuesday.

Details from the crisis enveloping Toyota reveal a growing rift between the auto maker and U.S. regulators, as a secretive corporate culture clashed with disclosure requirements.

White House ‘war’ escalates with FoxNews

In their continuing back and forth war of words, Fox News, and the White House fight continues to escalate....

Source: www.foxnews.com

IMF Warns Countries to Sustain Stimulus

"Fiscal stimulus needs to be sustained until the recovery is on a firm footing and may need to be amplified...if downside risks to growth materialize" said the IMF in its World Economic Outlook...

Source: www.wsj.com

U.S. Home Prices Post Increase

Home prices rose again in July, S&P Case-Shiller indexes showed, but a drop in consumer confidence in September underscored the fragile state of the recovery...

Source: www.wsj.com

The pursuit of economic happiness

French President Nicolas Sarkozy has announced he doesn't like gross domestic product. And he is not alone. The King of Bhutan and many other people feel the same way..

www.cbc.ca

Stocks Rise as Traders Await Fed

By Peter A. Mckay and Donna Kardos Yesalavich..

Stocks pushed to the highest levels this year on the backs of financial, energy and materials shares, as investors went back to betting on a global recovery after a pullback Monday.

www.wsj.com