The U.S. pay czar slashed compensation for top earners at 7 bailed-out companies for the final 2 months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
The Navy's need for speed is being answered by a pair of warships that have reached freeway speeds during testing at sea.
Independence, a 418-foot warship built in Alabama, boasts a top speed in excess of 45 knots, or about 52 mph, and sustained 4
Gates was "heartened" by allies' commitment to the 8-year-old war as the Obama administration mulls ordering tens of thousands more U.S. troops to the fight. Citing a long-term commitment by NATO partners to remain in Afghanistan until the conflict i
This Washington Post-ABC News poll was conducted by telephone Oct. 15-18, 2009, among a random national sample of 1,004 adults including users of both conventional and cellular phones. The results from the full survey have a margin of sampling error
A group of Senators, including Senate Banking Committee Chairman Chris Dodd, are moving to extend the $8,000 first-time homebuyers tax credit and extend it to all homebuyers.
Sen. Johnny Isakson (R-GA) who had previously owned a real estate compan
Two Democrats on the House Oversight and Government Reform Committee are joining with panel Republicans in formally calling for Chairman Edolphus Towns (D-N.Y.) to launch an investigation of the Countrywide VIP loan scandal.
Before Henry Paulson become Secretary of the Treasury, he was required by law to sell all of his shares in Goldman Sachs. He was allowed to sell all of his shares of Goldman Sachs stock tax-free. Thus, by becoming Secretary of the Treasure, he was
In a small bit of Washington irony, a government panel convened this week under the guise of ensuring 'expressive freedom' on the Internet, while at the same time the Obama Administration put Fox News on notice that ideological rectitude would be a p
The Obama administration claims that it was their passage of massive government spending that saved the United States from another Great Depression. Last week, Larry Summers, Obama's top economic adviser, claimed that because of the stimulus:
"W
rganized crime gangs are exploiting a new target for illegal profit: Medicare and Medicaid "They're hitting us and hitting us hard," said Timothy Menke, head of investigations for the Office of Inspector General at the Department of Health and Human
Nor does it have the right to try to isolate Fox News by urging other networks to shun their colleagues because, as White House chief of staff Rahm Emanuel put it, Obama does not want “the CNNs and the others in the world [to] basically be led in fol
-- If you hold a Discover credit card, you're in luck -- the company has decided to freeze interest-rate hikes until a new credit card consumer protection bill takes effect in February.
Every day we hear about proposed caps on CEO pay, and new regulations to make sure companies are not rewarded for failure. Nowhere is failure being more greatly rewarded than in the United States bankruptcy system.
In his announcement today, McCain appeared to agree with the notion that Net neutrality represents regulation and control, rather than a lack thereof. It "will keep the Internet free from government control and regulation," McCain said.
Companies on the forefront of invasive and liberty-threatening surveillance systems are on the attack, paying big bucks for studies to “prove” that "4 out of 5 adults feel... the government should be able to use ANY AVAILABLE MEANS to "protect" citiz
An American man who made coffee in his own home while nude is facing charges of indecent exposure.Eric Williamson, from Springfield, Virginia, was brewing coffee in his kitchen when a woman and a seven-year-old boy walked past the window and saw him.
In hopes of creating more jobs, House Democrats met with economists on Wednesday, The Wall Street Journal reports, to talk about measures that could spur job growth. (They’re touchy about calling it a second stimulus.)
Commodities rose broadly Wednesday as the dollar took another tumble, sending prices for gold, oil and soybeans soaring. The ICE Futures U.S. dollar index, a widely used measure of the dollar’s value against other currencies, fell 0.5 percent in afte
The prospect of Goldman Sachs awarding record bonuses in the wake of the financial collapse has the potential to incite a broad-based populist backlash, argues Martin Sieff. He explores how Wall Street has roused the public's ire in much the same way
Part 1 & 2 - Once it became clear that Matthews was acting as Potoks ally rather than as a journalist, Stewart couldnt resist sticking Matthews with a solid jab, saying we swear an oath to the Constitution, not to a man, even if he makes a thrill run
Financial insider and commentator Yves Smith wrote an essay last week entitled "MSM Reporting as Propaganda" arguing that the government has been using propaganda to make people think that things are getting better, no one is angry, and - therefore -
I was forwarded the following email, I didn't believe it...I went to the website, still thought it HAD to be an elaborate hoax set up to discredit the obama administration, then I began to call the phone numbers and it is real alright!
If only thi
Recently we presented our extended thoughts on how it was that the Fed first encouraged massive dollar-denominated, underfunding global positions, and subsequently, when funding became scarce, provided unprecedented capital bailouts to foreign Centra