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Economic news - CNNMoney.com

Federal Reserve concerned about fiscal cliff
Wed, 16 May 2012 15:05:03 EDT
The Federal Reserve is worried about indecision in Congress.
CNNMoney economy blog
Mon, 05 Mar 2012 16:50:34 EST
Keystone isn't the only pipeline
Wed, 16 May 2012 11:46:01 EDT
At least a dozen new oil pipeline projects are slated to move forward in the United States over the next few years, bringing controversial sources of new crude to market despite the holdup of a portion of the Keystone pipeline expansion.
Fiscal cliff: What you need to know
Wed, 16 May 2012 14:02:41 EDT
On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met.
Mortgage delinquencies drop to 4-year low
Wed, 16 May 2012 10:21:52 EDT
The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday.
Outgoing World Bank chief: Fix eurozone
Wed, 16 May 2012 14:52:58 EDT
Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves.
Businesses are recovering, but Washington didn't help
Wed, 16 May 2012 05:30:12 EDT
It's a question that could determine if President Obama gets to serve another term: Are you better off than you were four years ago?
Obama lists 2011 assets
Tue, 15 May 2012 17:21:34 EDT
The White House released documents Tuesday that show President Barack Obama and the first family hold assets valued at between $2.6 million and $8.3 million.
California could net $2 billion from Facebook IPO
Tue, 15 May 2012 16:50:08 EDT
Facebook's employees and investors aren't the only ones who will get a windfall from the company's IPO this week.
Europe dodges recession
Tue, 15 May 2012 07:50:45 EDT
Stronger-than-expected growth in Germany was enough to help the European Union and the 17-nation eurozone avoid falling into recession for the second time since 2009 in the first three months of this year.
Boehner: Spending cuts must top debt ceiling increase
Tue, 15 May 2012 17:22:02 EDT
House Speaker John Boehner is warning that he won't permit another increase in the debt ceiling without a larger amount of spending cuts and reforms approved in tandem.
Clinton: Debt deal should be top campaign issue
Tue, 15 May 2012 13:15:22 EDT
President Bill Clinton on Tuesday said those running for office should make reaching a debt deal the top campaign issue in the fall's elections.
Inflation (CPI)
Mon, 16 Apr 2012 09:32:22 EDT
May 15
Retail sales
Mon, 16 Apr 2012 10:14:13 EDT
May 15
Home Prices
Thu, 26 Apr 2012 11:33:03 EDT
May 29
GDP
Mon, 30 Apr 2012 09:55:00 EDT
May 31
Jobs
Mon, 07 May 2012 15:23:40 EDT
Jun 1
Manufacturing (ISM)
Mon, 07 May 2012 15:26:01 EDT
Jun 1

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 Word of the day 

Merriam-Webster's Word of the Day for May 17, 2012 is:

maffick • \MAF-ik\  • verb
: to celebrate with boisterous rejoicing and hilarious behavior

Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.

"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011

Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.

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