Worries about the deteriorating financial situation in countries like Romania and Hungary led to a huge sell-off that began overseas and crashed ashore on Wall Street. Every sector sank, with financial stocks leading the way and energy companies fall
Asian stocks dropped for a third day, driving Japan’s Topix index toward the lowest close in 25 years, as the deepening global recession hurts corporate earnings and demand for commodities.
The majority Han who he says will get no respite from Tibetan frustration this year — or for generations. "After I die," the 53-year-old grizzled herder says, "my sons and grandsons will remember. They will hate the government."
A federal judge refused to throw out charges against 5 mercenaries accused of killing 14 Iraqi civilians in a busy Baghdad square in 2007. The guards' attorneys had argued the government didn't have jurisdiction to bring the charges
The boss was not happy. His elite team of immigration officers had been raiding targets across Prince George's and Montgomery counties all night long in search of fugitive and criminal aliens but had netted only a handful. They were well behind
In his first troop deployment to a war zone as commander in chief, President Barack Obama authorized sending as many as 17,500 additional troops to Afghanistan beginning this spring, a move that appears to mark the formal U.S. troop shift from Iraq t
Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will "surely be the longest and deepest" since the 1930s and more government rescue funds are needed to stabilize the U.S. financial system.
In Texas, Robert Allen Stanford was just another wealthy financier. But in the breezy money haven of Antigua, he was lord of an influential financial fief, decorated with a knighthood, courted by government officials and basking in the spotlight of s
With a recent flurry of winter storms doing little to dampen California's latest drought, the nation's biggest public utility voted to impose water rationing in Los Angeles for the first time in nearly two decades. [When gov't. controls a
Israel is involved in a covert war of sabotage inside Iran to try to delay Tehran's alleged attempts to develop a nuclear weapon. Israel planned to target Iranian nuclear scientists with letter bombs and poisoned packages and had set off explosio
GM said it could need up to $30 billion from the Treasury Department, up from a previous estimate of $18 billion. That includes $13.4 billion previously allocated and $91. billion in new loans. The world's largest automaker said it could run out
U.S. Senator Roland Burris’s statements to Illinois lawmakers about whether he solicited political donations for former Governor Rod Blagojevich before getting named to the Senate are being reviewed by a prosecutor.
The bottom line is this: there is no constitutional duty placed on the American people to pay federal income taxes or a 23 % national sales tax to fund programs not authorized by the Constitution. Period end of story!
“By expanding the monetary base at an appropriate rate, the FOMC can signal that it intends to avoid the risk of further deflation and the possibility of a deflation trap,” Bullard said ...
An $8 trillion negative wealth effect from declining home values.
A $10 trillion negative wealth effect from weakened capital markets.
A $14 trillion consumer debt load amid "exploding unemployment"
This is a shocking interview with Doug Williams, writer for Daily News Caster, about a story he’s written entitled “Is FEMA and DHS preparing for mass graves and martial law near Chicago?”
Michael T. Conahan, appeared in federal court in Scranton, Pa., to plead guilty to fraud for taking more than $2.6 million in kickbacks to send teenagers to two privately run youth detention centers.
Consider "ring-fencing" the United States, pulling all swap lines and protecting ourselves. We cannot backstop the world; we don't have the money and can't raise it. We are tying an anvil to our ankles and jumping into the water,
If you take a look at these charts I think you will understand why Meredith Whitney, Nassim Taleb, and Nouriel Roubini are so worried about the state of banking in the US and EU. The charts cover 2007 to 2009.
This is a welcome bit of news, not so much the establishment of the seed bank itself, but the expressed intent to establish a broad network of individual growers who can apply well established breeding protocols and act as conservators. The fact is t
"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
Kent McManigal's take on the second amendment