PUERTO MONTT, Chile, July 25- Chile's farmed salmon production could drop by almost 25 percent because of stricter regulations aimed at tackling environmental crises that have decimated fish populations in recent years, government and industry sources say. The specter of a permanent drop in production in Chile, home to the second largest salmon farming... » Read More
Plus, get the Treasury secretary's thoughts on derivatives, the economy, Fannie and Freddie and more.
Taxes on US businesses are about average compared to those in the rest of the world, Treasury Secretary Tim Geithner told CNBC Wednesday.
The US government has inhibited economic growth by creating uncertainty about business costs, Dallas Fed President Richard Fisher told CNBC. Questions about healthcare expenses, for instance, have kept businesses from hiring new workers, he said.
The removal of the barrier on paying interest on commercial demand deposits is going to be a big bottom-line negative for a wide number of institutions, according to H. Rodgin Cohen of Sullivan and Cromwell.
Republican Congressman and House Ways and Means Committee member Paul Ryan spoke with Maria Bartiromo yesterday about the current economic crisis, and spoke frankly about how he feels Washington is running the country.
Don’t you just love political cross dressing? Last night on CNBC my old boss David Stockman was totally root-canalled as he called for higher taxes and lower spending. Right on spending, but wrong on taxes.
A housing sector without Fannie Mae spacer and Freddie Mac is a possibility, Edward J. DeMarco, director of Federal Housing Finance Agency (FHFA), told CNBC Thursday.
With the Supreme Court scheduled to hear arguments later this year about whether states should be allowed to regulate the sale of violent video games, you might think game makers would consider dialing down the number of shooter titles.
The last thing anyone checking into a hospital should have to worry about is getting sicker while there. Yet, hospital-acquired infections are the most common complication of hospital care, claiming about 99,000 lives and costing the U.S. healthcare system about $30 billion each year.
After analyzing Washington for 35 years, it’s excusable to be a cynic. Actually, it’s mandatory. So let’s try out this extremely cynical premise: the Republicans are deliberately refusing to help unemployed workers or aid the states because they undoubtedly know this will hurt the economy further – and an ailing economy will help their prospects in November.
The Securities and Exchange Commission has agreed to pay $755,000 to settle a wrongful termination suit filed by a former staff lawyer at the agency who was abruptly fired in 2005 during an investigation into possible insider trading by Pequot Capital Management, a giant hedge fund, and its co-founder, Arthur J. Samberg.
More than two months after the Deepwater Horizon sank, it is now clear the energy industry doesn't know exactly how to stop a blowout in deepwater or how to clean up a massive spill.
Despite all the skimmers and sweepers, most of the oil leaking into the Gulf of Mexico sinks to the bottom or washes up on the shore and then sinks down in shallow layers below the sand, profoundly restructuring the ecosystem. The change cannot be undone in a lifetime.
The long-term mortgage, which began as a Depression-era fix to keep Americans in their homes, may be out of step, given the current housing crisis. “The 30-year mortgage is outdated," housing expert Robert J. Shiller told CNBC.
Lawmakers are now considering ending the $700 billion TARP program early and using some of that money to help fund the new financial overhaul bill, CNBC has learned. The proposal is being weighed as Democrats scramble to save the legislation.
Congressional leaders and the Obama Administration are congratulating themselves on the about-to-be passed financial reform legislation. They claim the legislation will end “too big to fail” and will prevent future financial crises.
"As we go through a cycle of bringing down that unsustainable debt," according to Jeff Kronthal, "it's very deflationary and will restrain growth.”
Taxation on a US corporation’s foreign profits, now on the financial reform table in Congress, is a major concern, incoming CEO of Caterpillar, Doug Oberhelman, told CNBC Tuesday.
Some $20 billion in new bank taxes and fees that were added to the financial reform bill at the last minute could end up sinking the entire legislation.
After a week of dismal economic data, we learned Monday that personal incomes were up last month. Could Friday's jobs numbers bring more good news?