A former advisor to the Chinese central bank, and influential economist, has called for his nation to diversify away from U.S. treasury holdings.
This comes after China cut its U.S. treasury holdings by $32.5 billion in May
While the rest of the country is watching their pennies, it's raining taxpayer money in the Imperial Capital. Washington DC was named the highest-earning city in the United States last week.
Meet Donald Berwick, the man president Obama slipped into place at the Centers for Medicare and Medicaid Services through a recess appointment. Some readers may think Berwick is Jack Kevorkian's soulmate. Not true: Kevorkian asked permission before
The Free Electron Laser will use a ship's electrical power to create, in effect, unlimited ammunition and provide the ultra-precise, speed-of-light capability required to defend U.S. naval forces against emerging threats, such as hyper-velocity crui
In the study the researchers altered a gene that codes for a "signalling molecule".
This molecule, a protein, enables the mosquito's cells to communicate with each other, and is crucial for parasite development inside the mosquito.
The team was
The measure, which draws from ordinances around the country, would ban gun shops in Chicago and prohibit gun owners from stepping outside their homes, even onto their porches or garages, with a handgun. 3 days after the US Supreme Court ruled
The U.S. economy is strengthening but there's still much to be done to put Americans back to work, President Barack Obama said Tuesday after meeting Federal Reserve Chairman Ben Bernanke at the White House.
"Unless we send the Navy down deep to blow up the well and cover the leak with piles and piles and piles of rock and debris, which may become necessary - you don't have to use a nuclear weapon by the way, I've seen all that stuff, just blow it up...
The Conference Board's consumer confidence index for June dropped sharply to 52.9, which is a horrible underperformance of expectations given that consensus had forecast a reading of 62.
For twelve years I have studied the many ways in which fathers can be deprived of their rights by family courts and family law. One of the easiest ways is for mothers to keep the truth about paternity secret from dads. Over the years, I have read sco
When it was confirmed last winter by then-Director of National Intelligence Dennis Blair that the Obama administration had authorized the assassination of American citizens working with terrorist groups overseas, it appeared that no more than three A
Yet another smackdown on MSNBC by the inimitable Rick Santelli of all that is fiat, and its henchmen. "Go read some Austrian economist instead of the funny pages." Santelli tells Liesman, to which the response is "I am ready to talk about Fred Hayek,
Wachovia struck a deal with Federal prosecutors under which the bank admitted it didn't do enough to prevent money-laundering between criminal organizations, in which illicit funds transferred flew past the $300 billion mark.
Each time the day of reckoning is put off, the bigger the price down the road. Thus, we should all be fearing more Keynesian and Monetarist attempts to forestall the inevitable collapse.
The admission came in an agreement that Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.
Latinos represent a huge and fast-growing market. About one in three people in Arizona is Latino, and about 40 percent are 17 or younger. In Arizona, Latinos accounted for 16 percent of all purchases in the state, or $31 billion in spending...
The results of the first survey are out, and not surprisingly, it indicates that first-time “homebuyer traffic dropped sharply in May. This drop implies fewer signed contracts in June and fewer closed transactions in July and August.”
What usually happens when markets get wildly overvalued – and a ~3 standard deviation price move sure qualifies — is they get resolved not by reverting to the mean, but by careening far beyond it.
According to the Congressional Budget Office, the losses could balloon to $400 billion. And if housing prices fall further, the cost to the taxpayer could hit as much as $1 trillion.
DOD plans to spend nearly $1 billion on psychological operations worldwide in 2011 -- and nearly 40% of it will go for contracted services and products. The purpose is "to influence foreign attitudes and behavior in a manner favorable to U.S. objecti
Everyone knows how in 1980 gold hit $850oz. But few recall that same year, silver hit $50oz.!!!! While gold has long surpassed its 1980 price, silver would have to more than double,...and there lays opportunity!
Here’s how it works. Each strand of the curtain’s yarn consists of a central stretchy fiber, with a more rigid fiber wound around the outside of it. When put under strain, the rigid outer fiber straightens, squeezing the stretchy inner fiber and caus
announced a surprise result that could point to a fundamental difference between neutrinos and their anti particles. The findings, if confirmed by further experimental runs, may help physicists to explore some of the elemental differences between mat
Although we’ve seen sunlight to electricity conversion efficiencies of over 40 percent with multi-junction solar cells in lab environments, most mass-produced cells can only boast a conversion rate of around 15 percent. Now SunPower Corp., a Silicon
MANAMA: Israel is massing warplanes in the Caucasus for an attack on Iran, it was revealed yesterday.
Preparations are underway to launch the military attack from Azerbaijan and Georgia, reports our sister paper Akhbar Al Khaleej, quoting military
Sirhan Sirhan was the alleged assassin, convicted, and serving a life sentence at (no pun intended) Pleasant Valley State Prison, CA, despite convincing evidence of his innocence.
Children over 6 months and under 9 years old who haven't received an H1N1 vaccine yet can expect to get two doses of seasonal flu vaccine this fall, if the Centers for Disease Control adopts recommendations from its vaccine advisory committee.