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Officials in Qatar and the United Arab Emirates have denied rumours of an imminent decoupling, but investors are betting on reform and are rushing to buy local currencies as investment banks issue fresh calls for revaluation.
Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in.
Current accounting rules allow banks to pretend. And certainly the Fed is going out of its way to bend the rules to allow new forms of pretending. Expect to see still more accounting rules that allow broker dealers to pretend.
SNL’s Weekend Update team of Amy Poehler and Seth Meyers take jabs at Elliot Spitzer and Mitt Romney while alumnus Tracy Morgan comes back to respond to Tina Fey’s promotion of Hillary Clinton 3 weeks ago with his own defense of Barack Obama.
[How Did We Miss This?] This Florida based Gulfstream II jet aircraft # N987SA crash landed on September 24, 2007 after it ran out of fuel over Mexico's Yucatan Peninsula with several tons of Cocaine on board now documents have turned up on both
The Federal Reserve has taken its "boldest" action since the 1930s, accepting $200bn of worthless housing debt as collateral to bail out Wall Street's mortgage industry loan sharks. The Fed has "legally" circumvented a ban on
FEARS are growing that the US Federal Reserve may soon find itself short of funds needed to continue propping up the nation's financial system. Analysts believe the threat to the financial system...is getting too big for the Federal Reserve.
Although the American Medical Association has stated since 1956 that addiction is a disease and a chronic, relapsing brain disorder, efforts are underway to treat addiction with the tools of medicine.
CONNECTING THE DOTS
Let's expose the War on Drugs as a major governmental fraud. Let's quit spending $70 billion annually for 37 years to receive zero results. Let's regulate, tax and provide drugs legally and make drug use a medical problem rather than a c
On March 19, 2008, we will set up a nonviolent blockade of the national Internal Revenue Service headquarters in Washington, DC, as part of the day of actions against the wars in Iraq and Afghanistan Just as military recruiters supply the bodies for
You know the reason they did it this way was because, if Bear Stearns had to declare bankruptcy, you'd realize that Bear Stearns paid out billions of dollars in bonuses in January - six weeks ago. If he let them go into bankruptcy....
We're probably heading for $6 trillion or $7 trillion in capital losses in housing. Some fraction of that will fall on owners of mortgages.
The march is on.
Entered By: Forty Four O Nine
House Democrats recently adopted a budget with massive tax hikes, many of which are directed at those Americans who can least afford them. This budget will raise income taxes not only on those in the highest income brackets, but raises the lowest bra
Ruwart's name has been floated as a potential Libertarian nominee for president in the 2008 and 2012 elections. Author of Healing
All that’s missing is an eye patch in one of the clips as Prezelski plays a villain in one scene and hero the next. Why is our legislature putting on a show for us, instead of passing a real Bill?
As long as he holds the power of the presidency he is in a position to make a reckless last ditch effort to make his bones having failed again and again to become the manliest man of the family.
``We're in a crash,'' Granville, 84, said in a telephone interview from Kansas City, Missouri, where he lives and works. ``This is the worst I've seen, and I've studied every bit of history all my life.''
The Supreme Court on Monday stepped into a legal fight over the use of curse words on the airwaves, the high court's first major case on broadcast indecency in 30 years.
"Its difficult to call where the bottom is," said Richard Hunter, a broker at Hargreaves Lansdown in London. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
What we tolerate, we become. Our government, in the name of our country and our citizens, has become as the rogue nations and those behaviors we profess to reject.
During the Great Depression it was common to see camps of homeless families trying to survive in the utter squalor of Hoovervilles. Today via Youtube we get a chance to see a Bushville outside LA.
Continued Bush administration efforts to topple the Chavez government
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Join opponents of the Iraq War in protest.
Vice President Dick Cheney arrived in Baghdad on Monday on an unannounced visit, the Iraqi prime minister's office said. (The economic news will divert attention from whatever he is doing,... or his trip will draw attention from the economic n
Spitzer got snagged by the fine print of the Patriot Act.
While all eyes were on the presidential campaign and the demise of New York Gov. Eliot L. Spitzer (D) last week, Republicans on Capitol Hill were suffering a run of bad news that could hold dire implications for the campaign season.
"What we're working to do," the Treasury Sec said, "is to minimize the impact of what's going on in housing, the capital markets, on the real economy." "But," pushes Wallace, 'isn't the result of this tha
