COLUMBUS — An unemployed Ohio man was browsing at his local thrift store for items he could restore and resell when he spotted a Picasso poster with the word “Exposition” written across the front, some French words, and the image of a warped round face. He handed over $14.14 for what he saw as a nice commercial print.
JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
WASHINGTON — Content for now with the current course, Federal Reserve Chairman Ben Bernanke left open the possibility Wednesday that the Fed will take further action to stimulate the economy and reduce unemployment — but not at the cost of high inflation.
FRANKFURT, Germany — Europe’s plan to fix its debt crisis by imposing budget cuts frayed Monday. Heavy selling rocked financial markets, uncertainty gripped two governments, and the economic outlook darkened across the continent.
GETTYSBURG, Pa. — Rick Santorum cleared the way for Mitt Romney to claim victory in the long and hard-fought battle for the Republican presidential nomination Tuesday, giving up his “against all odds” campaign as Romney’s tenacious conservative rival.
WASHINGTON — President Barack Obama said Friday he was plowing ahead with potential sanctions against countries that keep buying oil from Iran, including allies of the United States, in a deepening campaign to starve Iran of money for its disputed nuclear program.
WASHINGTON — After a three-month struggle, Mitt Romney edged into the mop-up phase of the race for the Republican presidential nomination on Wednesday, buoyed by Newt Gingrich’s decision to scale back his campaign to the vanishing point and Rick Santorum’s statement that he would take the No. 2 spot on the party ticket in the fall.
While in Columbus last week President Obama suggested that those who oppose alternative energy sources might be considered members of the “flat earth society,” much like people who opposed exploration by the likes of Christopher Columbus. In this instance, according to the president, those who cling to fossil fuels and ignore alternative energy sources are much like ostriches, plunging their heads into the ground and failing to understand the need for change in any active, growing and healthy economy.