President Barack Obama (SAUL LOEB/AFP/Getty Images)
President Barack Obama's decision to ignore the law by granting de facto amnesty to millions of illegal immigrants was "a terribly foolish act," said Peter Morici, a professor of international business at the University of Maryland and a Moneynews Insider. "It will only serve to exacerbate racial tensions," he said. "Illegal immigration increases the supply of low-skilled workers, and that drives down wages for less educated whites and African-Americans." [Full Story]
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While recent statistics have shown strength in the U.S. economy, near-record-low interest rates and declining commodity prices may be a sign that things aren't as great as they appear, says New York Times columnist Neil Irwin.... [Full Story]
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Morici: Obama's Amnesty Tactics Further Fracture America
President Barack Obama's decision to ignore the law by granting de facto [Full Story]
With gold having dropped to a four-year low earlier this month, is now [Full Story]
China's interest-rate cut Friday shows it seeks to keep economic growth [Full Story]
The US shale boom, which has challenged the rules of the global petroleum market, could soon face its own day of reckoning due to the supply glut it helped unleash. [Full Story]
United Technologies Corp. said Chief Executive Louis Chenevert would retire immediately and named Chief Financial Officer Gregory Hayes as his successor. [Full Story]
China's interest-rate cut Friday shows it seeks to keep economic growth from slipping below 7 percent, says Stephen Roach, an economist at Yale University. [Full Story]
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Manufacturing wages have fallen in recent years, and globalization of labor represents a major cause, says Los Angeles Times columnist Scott Martelle. [Full Story]

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