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Tag: Commerce Department


U.S. Finally Gives Up Control of the Internet

Perhaps a reaction to concerns over spying and other abuses, the United States will relinquish its oversight of the Internet Corporation for Assigned Names and Numbers (ICANN).

Posted on Mar 14, 2014 READ MORE

AP/Pablo Martinez Monsivais

U.S. Commerce Secretary Cited in String of Accidents

The Commerce Department said Monday that Secretary John Bryson had suffered a seizure in connection with three Los Angeles-area car crashes he was involved in over the weekend. Bryson was cited for felony hit-and-run, and authorities said the investigation is continuing.

Posted on Jun 11, 2012 READ MORE

George Costanza

U.S. Economic Shrinkage Worst in 25 Years

Either the U.S. economy was in the pool during the last three months of 2008 or the economic crisis is worse than expected. The nation’s GDP shrank 6.25 percent in the fourth quarter of last year, almost doubling the preceding quarter’s contraction rate of 3.8 percent.

Posted on Feb 27, 2009 READ MORE

piggy bank

Americans Prefer Swiping to Saving

The annual savings rate dropped to the lowest level in 74 years, the Commerce Department has reported. On average, Americans saved a “negative 1 percent” in 2006, meaning people not only didn’t save but dipped into their savings and borrowed in order to spend more than their income.

Posted on Feb 1, 2007 READ MORE

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