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With Detroit Mayor Dave Bing preparing to explain the city's fiscal crisis tonight in a rare televised address, Council President Pro Tem Gary Brown says the situation is even worse than anyone has let on. Bing is expected to discuss a confidentia
The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.
Did you know that an average of 23 manufacturing facilities were shut down every single day in the United States last year?
Total increased $56 billion in one day
The controversial companies known as credit-rating agencies are drawing fresh scrutiny from officials in the United States as they weigh whether to downgrade U.S. government debt should Congress fail to come to an agreement to reduce borrowing.
There are REASONS that Wall Street in its modern form is abusive. It mostly has to do with the mingling of public and private interests together ... mercantilism. Mercantilism in this modern era is driven by central banking and the unlimited funds it
It was a telling moment at the height of the Occupy Wall Street protests.
Former Governor, Sarah Palin, on the 2012 Presidential Race (interview)
In a study released Oct. 31, the ratings agency Moody’s said that based on its analysis of mortgage-backed bond portfolios, homeowners with jumbos now constitute “greater strategic default risk” than any other type of borrowers, including subprime.
European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank.
When Gold and Silver take this big a drop around the world I get the feeling that there is a sell off to cover other needs by the Big Bad Bubbas. The London Stock Market is down over 4% and I just got a feeling...
Days before the doomed financial broker filed for bankruptcy, MF Global conducted “unexplained wire transfers” that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been lo
The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.
About 20.5 million Americans, or 6.7 percent of the U.S. population, make up the poorest poor, defined as those at 50 per cent or less of the official poverty level.
Krikorian highlights the Bank of North Dakota, which was founded in 1931 and reportedly raked in over $300 million during the last decade, as an exemplary model for Ohio to study.
America became the wealthiest country because for most of our history we have followed the basic principles of economic freedom: property rights, freedom to trade internationally, minimal governmental regulation of business, sound money, relatively l
Amazon Kindle Fire is poised to be a retail blockbuster, according to one analyst. What makes the Amazon Kindle Fire different from the steady success of the Nook Color?
But who cares? Up, down…up, down… Every day brings more ‘truth.’ But what we want is a truth with legs. We’re not day traders. Not week traders. Not even year traders. We want a long, sure…mega trend.
“Europe is in one of its toughest — perhaps the toughest — hours since World War II,” German Chancellor, Angela Merkel declared yesterday.
Lawyers on opposing sides of the debt crisis in Alabama's Jefferson County traded blame on Tuesday for the biggest municipal bankruptcy in U.S. history as they girded for a crucial court hearing next week. But a week after county commissioners opt
In case you missed it, there is a raging debate taking place between the intelligentsia and media of the Left and Right about the causes of the purported decline in America’s income mobility.
With time running out for Congress's special deficit-reduction committee, the two sides Monday were grappling for ways to inch closer on the crucial issue of taxes.
Wal-Mart Stores Inc. broke a two-year decline in quarterly same-store sales at its key U.S. operations, but the increase in sales came at a cost—lower margins.
...At-Risk With German And French Banks"
On every occasion of political and economic crisis but one in her history, America has come to the point where “two monetary roads diverged in a yellow wood”—and has taken the wrong road.
Since 2008, there has really been no positive change in asset quality… and rather than update their balance sheets to reflect this grim reality, governments have simply authorized funny accounting tricks to hide the truth.
Political news junkies are all abuzz about the big November 23 deadline that the Joint Select Committee on Deficit Reduction (“super committee”) is up against. The job of the twelve-member committee is to cut $1.2 trillion from the federal budget ov
Based on Melanie Phillips' new paperback edition of her bestseller, "The World Turned Upside Down," this video explains how the Occupy Wall Street movement and the socialist-Islamist-fascist axis unite around the anti-Semitic banner.
The Bureau of Labor Statistics, Health and Human Services, and the US Census have released data that reveals America has reached the highest levels of extreme poverty in its long history. The federal government's own numbers belie the assurance offe
The contrasting political and financial versions of former New Jersey governor and Goldman Sachs CEO Jon Corzine (D) was on Jon Stewart’s mind Tuesday evening.
