ON AIR NOW
Click to Play
The deepening recession spells trouble for a little-known government corporation that insures the pensions of 44 million workers and retirees. The Pension Benefit Guaranty Corp. already has an $11 billion deficit that seems sure to grow larger
Given the sweep and severity of today's global economic crisis, it would seem there's plenty of blame to go around. But Bill Clinton doesn't think any of it should fall on his shoulders.
Trump Entertainment Resorts Inc, Donald Trump's casino group, is expected to file Tuesday for bankruptcy, The Wall Street Journal reported. The company's board was scheduled to meet late Monday night to decide whether to authorize the fili
In an apparent effort to increase pressure on lawmakers negotiating an end to California's fiscal crisis, Gov. Arnold Schwarzenegger is preparing to send pink slips to 20,000 state workers.
In this 20 minute Bloomberg interview, Meredith Whitney talks about how a Bad Bank would affect lending, the difficulty of pricing toxic assets, and the fact that we are only half the way through the banks withdrawing liquidity from the system.
Nassim Taleb is worried, he thinks that the world is irrational, doesn't learn from mistakes and is riddled with fraud. But it's what he has to say about retiree pensions that should make people sit up and take notice.
Jim the Realtor made this 4 minute video in Chula Vista, California.
The shortfall needed to pay civil servants' retiree benefits -- split between the federal government and US states -- is a whopping $1.7 trillion, according to an estimate released Monday.
Toxic Obama administration plans assure deeper economic crisis ahead.
Though the 10% discounts make non-discounted premium items a little cheaper, many goods at Circuit City are more expensive than last week. The trick is to exploit the belief that great deals exist at the failed chain's closing down sale.
The median price paid for a Southland home was $278,000 last month. That was down 2.5 percent from $285,000 for November, and down 34.6 percent from $425,000 for December a year ago. The median reached $505,000 in mid 2007.
The entirety of the European banking system was routed, with share price losses ranging from 50 to 75 percent - in one day. HSBC, Barclays and RBS were all decimated as the truth has started to leak out and is no longer able to be ignored.
Eric Raymond, author of The Cathedral and the Bazaar--why open source software has been so successful, the culture of open source, what makes open source so likely to thrive, and the Hayekian nature of the open source process.
Creditors are not going to like that.
Let's move on to April 15--tax day. As another sole proprietor recently told me, "The government is in for a shock on April 15." Why? Because he and a few million other sole proprietors/small businesspeople will be reporting losses inst
As I have been pounding the table about, a credit crisis and imploding balance sheets, a housing crisis, and a massive earnings shortfall that yields a relentless stock market drop are all independently deflationary. The combined forces are massively
The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony by throwing money at weak companies rather than allowing them to fail and encouraging the strong ones, Marc Faber, the publisher...
The last fiscal year was a banner one for the military, with all active-duty and reserve forces meeting or exceeding their recruitment goals for the first time since 2004, the year that violence in Iraq intensified drastically, Pentagon officials sai
[that's been the plan] The U.S. government's latest bank rescue, this time a multi-billion dollar lifeline handed to Bank of America, has led to more talk of what once would have been unthinkable -- European-style nationalization of major Ame
The FBI and the U.S. Securities and Exchange Commission have joined the search and investigation for Arthur Nadel, president of Scoop Management Inc, whose reported disappearance was followed 2 days later by complaints from investors who said
Buffett said Americans are in a cycle of fear, "which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time."
Some analysts warn that fear may hit new extremes in a second round of the global financial crisis as the costs of government bailing outs send bond yields spiking, crippling the global economy and contributing to yet more failures of banks and compa
I have been listening to Gary Kaltbaum on 1510 AM for over the past 18 months and he has a very good record on calling the market. I hope you enjoy this 4 minute YouTube clip.
See article on Pastor Lindsey Williams from earlier today for an explanation of this article's significance.
To get the unadorned picture, we need to turn to private economists, and I reply upon the work of John Williams of Shadow Government Statistics
They also seek control of all the real estate that is worth owning. According to pastor Williams, everyone is going to be paying rent by the time this thing is over. Again he emphasized that "After years of collapse they intend to own everyth
Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.
Nobody has even taken a vote yet and already the gloves are off. Bailout Bill One and the Patriot Act were pushed just as hard. The only legislation that gets the hard sell seems to involve either stealing the taxpayer's money or their rights.
This set of short videos called Crash Course explains our predicament so well. Anyone will be able to clearly understand what's happening. You'll want to forward them to all your family and friends.
The Federal Reserve (Fed) has gone beyond playing with fire, and may have indeed set the house on fire. It’s one thing to push interest rates to near zero to stimulate the economy; it’s another to “monetize the debt” by printing money to buy governme
