In a setback for President Obama, a federal appeals court curtailed the power of the Consumer Financial Protection Bureau, ruling Tuesday that the agency championed by Sen. For example a great depreciation can happen when driven by the panic of bad economic news in a country, most holders of the currency start trading it for more secure assets causing the currency of that country to depreciate; as for the ruble against the U.S dollar in the 1998 crisis in Russia.

LONDON, England (CNN) – World stock markets were in decline again Tuesday, a day after the collapse of one of …

WASHINGTON – Harvard economist Oliver Hart, talking to reporters after learning he’d won the Nobel economics prize with Bengt Holmstrom of the Massachusetts Institute of Technology, sized up the state of the U.S. economy as OK. With the country in the grip of a crippling economic crisis, starving prisoners can be seen standing in line and begging for help from the outside world. This issue of WNY Economic News focuses on the relationship between the regional economies of Western New York and the national economy. The BEA earnings report, which has historically served as the basis for our projection of …