1.
U.S. markets recover from steep losses
WASHINGTON, Sept. 23 (UPI) -- Rep. Ron Paul, R-Texas, says the U.S. government's bailout of financial institutions will increase economic instability in the long run.
Paul, who ran for his party's nomination for president this year, said such excessive intervention keeps the market from adjusting prices to lower levels, which would bring the economy back into balance, equalizing supply and demand, CNN reported Tuesday.
Paul, who serves on the House Financial Committee, told CNN policy makers have not learned prices must adjust to economic reality.
While the "government cannot just sit back idly and let the bust occur," Paul said, "it must actively roll back stifling laws and regulations that allowed the boom to form in the first place."
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
|
WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
