Much of what the Chinese premier, Wen Jiabao, described this morning to the 11th National People's Congress as his country's programme to combat the evils of global recession would have sounded very familiar to a European or American audience
Asian stock markets resumed their downward slide Friday after Wall Street fell to its lowest levels in more than 12 years amid deepening fears about the future of General Motors Corp. and major financial companies.
The U.S. military is laboring to shore up a vulnerable supply chain through Pakistan and Central Asia as it seeks to expand the flow of supplies into Afghanistan by at least 50 percent to support an influx of tens of thousands of troops, according to
The Senate intelligence committee reached an agreement on the framework of a wide-ranging review of the CIA's past treatment of terrorism detainees, even as members acknowledged the bulk of the panel's work will be conducted in secret.
IRS Commissioner Douglas Shulman announced he is killing the program. "I believe this work is best done by IRS employees," he said. The IRS plans to hire 1,000 new collection personnel this year.
The Senate stalled action on a $410 billion spending bill that would fund much of the federal government for the current fiscal year amid resistance over the legislation's huge price tag and more than 8,500 pet projects.
People and horses have trekked together through at least 5,500 years of history. New evidence, found in Kazakhstan, indicates the Botai culture used horses as beasts of burden -- and as a source of meat and milk -- about 1,000 years earlier than had
U.S. stock markets plunged 4 percent yesterday as bank shares faltered and auditors for General Motors, the biggest U.S. automaker, warned that the company might not be financially viable.
Given the questions concerning whether or not Karl Rove and Harriet Miers will be required to testify under oath as part of their agreement to give "transcribed depositions under penalty of perjury"
Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.
A Canadian man got a faceful of pepper spray at the Pacific Highway border crossing Monday, March 2, because, he says, he insisted that a border inspector say "please."
Health expert Mike Adams points out, “The shocking answer is that this couldn’t have been an accident." This has received ZERO coverage in the US media.
Deutsche Bank predicted there are risks that the U.S. economy could contract by as much as 10 percent in the first quarter, given the relentless wave of dismal economic data being reported in early 2009.
The Cook County Sheriff's Dept is asking a federal judge to close the Erotic Services section of Craigslist, as well as reimburse the dept $100,000 it has cost to pursue Craigslist-related prostitution investigations over the past year
The (UK) Environment Agency is to be given powers to seize planes from airlines which break the rules of a new scheme to limit flights' carbon emissions. The transport secretary and the climate change secretary's plan goes far wider than its
The State Legislature took pivotal steps on Wednesday toward repealing much of what remains of the state’s 1970s-era drug laws, which have tied judges’ hands and required them to impose mandatory prison terms for many nonviolent drug offenses.
HB 902 seeks to amend minor marijuana possession penalties to a Class C misdemeanor -- punishable by a maximum fine of $500, but no jail time. Under current law, marijuana possession is punishable by up to 180 days in jail and a $2000 fine.
Family members of Oscar Grant, the unarmed BART rider shot to death by a transit agency police officer early New Year's Day, filed a federal civil rights lawsuit that seeks $50 million from the agency, its chief of police and three officers.
President Barack Obama told AFL-CIO union leaders Tuesday in a videotaped address that the controversial Employee Free Choice Act will pass, signaling his full backing for legislation that makes union organizing easier.
Hundreds of US armed forces personnel have applied for conscientious objector status since the attacks on the World Trade Center in 2001 - and military rights campaigners say the number is growing.
Forget about what happened last time health reform was high on a new president's agenda. Under the Obama administration, health reform is coming, the panelists said, and in fact, it's already begun.
Frank Monstrosities
http://globaleconomicanalysis.blogspot.com/2009/03/frank-monstrosities.html
Barney Frank is in the news. As is typically the case with "Frank News", Barney is throwing stones in the wrong direction. Please consider Fra
“He is a leader. He does say the right things now and I think a lot of people like to hear what he’s saying but I think it’s also a little bit polarizing and confrontational and I think that’s why the Democrats are bragging that Limbaugh now speaks f
Tavakoli: It was a massive Ponzi scheme with many players involved. At times you’d have the CDO manager, an investment bank and a hedge fund involved, all of them knowing they were doing the wrong thing.
This so-called "market segment" (CDS) has become so ridiculously overlevered, unsupervised and able to cause failures that it is now within days or even hours of CAUSING GE to fail - not due to GE's own internal problems...