Starting from right now, however, as babyboomers go into retirement or start deligently (perhaps belatedly) saving for retirement, inflationary policy will cause much more pain than ever seen before.
The worst market in terms of negative equity is Las Vegas. Nearly 73 percent of all loans are underwater! This is simply incredible. Much of the Las Vegas bubble was built from home equity from places like California.
According to legend, members of the "White Guards" tried to cross Lake Baikal with the railway cars while it was frozen over with winter ice. But the weight of the cars caused them to crash through the ice and the gold sank into the depths.
The number of institutions has more than doubled since we started the list in early August 2009 - even with all the bank failures (failures are removed from the list). The number of assets is up 50 percent over the last year.
The bad news is that they accomplished this by essentially throwing trillions of dollars at the problem, and in particular a corrupt and oversized financialization industry, in order to bring the trend back to zero.
Here's what he said verbatim
"The world today has 6.8 billion people. That's heading up to about nine billion. Now if we do a really great job on new vaccines, health care, reproductive health services, we could lower that by perhaps 10 or 15 p
Just as Tocqueville, the perceptive French observer predicted in the 1830s, the US has now been turned into a panopticum, the perfect prison envisioned by Jeremy Bentham in the late 18th century. New legislation under way is set to eliminate...
Art Thompson, JBS CEO, shares his views on the news for the week and dives into the controversy surrounding Iran and its nuclear reactors and its new rockets. He discusses the showmanship of foreign policy and the motivations of others that don’t hav
A military jury at Guantánamo convicted ex-driver Salim Hamdan, now 40, of providing material support for terrorism and acquitted him of conspiracy. Prosecutors were stunned when that jury rejected their call for a 30-year sentence and ordered him to
Blackwater Worldwide created a web of more than 30 shell companies or subsidiaries in part to obtain millions of dollars in American government contracts after the security company came under intense criticism for reckless conduct in Iraq, according
The chief of the U.N.'s telecommunication agency urged BlackBerry to allow law enforcement agencies access to customer data, saying governments all over the world had legitimate security concerns which should not be ignored.
Skype 5.0 beta 2 runs on Windows and includes an updated user interface, the company said on its blog. The release doubles the number of people that can be included in a group video call from the five people allowed with Skype 5.0 beta 1, released in
Britain's former deputy prime minister pressed for police to reveal more about what is alleged to have been a pattern of illegal eavesdropping at a major tabloid newspaper. John Prescott said he believes he was among those targeted by the
An American cameraman documenting 9/11 the day of the event for FEMA, who says September 11 was a lie, is facing extradition from Argentina to the United States on alleged murder charges.
Afghan President Hamid Karzai and NATO disagreed Thursday over whether an airstrike in northern Afghanistan killed the top member of a re-emerging insurgent group or 10 election workers.
NBC, ABC and CBS evening newscasts combined for a record last week: the average of 18.7 million people who watched the 3 shows last week was the smallest audience they have reached collectively on record, since the infancy of television
What libertarians have called "a legal travesty" heaped on George Donnelly by the American justice system finally ended in Allentown PA on September 1.
We interviewed one of the candidates for the Massachusetts Republican Primary in the 6th CD, Rob McCarthy.
As usual, we spoke on a number of topics at random to allow the electorate and people around the country to see if they wanted to support th
"The Tillman Story" emerges as the summer's first true must-see film, required viewing for everyone, but especially audiences in Washington. Tillman's life and death had taken on a life of its own, its mythology increasingly at odds with the truth kn
The Amazon river has dropped to its lowest level in 40 years in north-eastern Peru, causing severe economic disruption in a region where it is the main transport route.
Employers passed health-insurance costs onto employees at a sharply higher rate this year, and businesses' premiums grew more slowly than they have in a decade, according to an annual survey of companies.
Ever get the feeling that the Bureau of Truth is not being completely truthful? Feel like the ADP is to the NFP like the ISM to the regional Fed Surveys, and as the surging Mfg ISM employment diffusion index is to the plunging Service ISM...
Does anyone on earth, even among the most moronic of the flag-waving American super-patriots, believe that the bankrupt United States government spent three trillion borrowed dollars to remove one man, Saddam Hussein, in order to free Iraq...