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Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.
Foreclosure resales made up 45.5 percent of all Southland resales last month, up from 43.7 in July and 10 percent a year ago. The figure represents the percentage of homes resold in August
Attackers armed with automatic weapons, rocket-propelled grenades and at least one suicide car bomb assaulted the U.S. Embassy in the Yemeni capital. 16 people were killed, including 6 assailants, officials said. No Americans were hurt in the deadly
Hurricane Ike did a number on the Gulf coast.
A Florida judge has deemed unconstitutional a law banning baggy pants that show off the wearer's underwear. A 17-year-old [not a plummer;-)] spent a night in jail last week after police arrested him for wearing low pants in southeast Florida.
Tesla Motors Inc. plans to build a $250 million facility to manufacture a zero-emission luxury sedan in the heart of Silicon Valley. The nation’s leading all-electric car company will also relocate its corporate headquarters and research and developm
Humble proprietors are in prison today for less than this level of bad recordkeeping. Yet, the people who put them in prison commit much worse errors,...and they are still walking the streets.
"[T]here are literally millions of people ... going to have their lives destroyed because of the greed and excess and corruption," McCain said. Asked for specific examples of corruption, campaign adviser Steve Schmidt offered none.
Sept. 17 (Bloomberg) -- The Treasury will sell more debt to enable the Federal Reserve to expand its balance sheet, a sign of the strains created by the biggest extension of central-bank credit to financial companies since the Great Depression.
But the databases, some created by the same companies that make electronic voting machines, aren't federally tested or certified and some have been plagued by missed deadlines, rushed production schedules, cost overruns, security problems, and de
"If the Americans are coming to sort it out with force, they would create more enemies. The Americans might have supersonic jets and we might have to fight with stones in our hands, but we will stand up."
A car bomb and rocket attack on the US embassy in Yemen has killed at least 16 people, including civilians and Yemeni security guards, Yemen officials said.
Officials in an Israeli city have come up with an innovative way of tracking dog owners who allow their pets to foul the streets - DNA analysis.
SINGAPORE (CNN) -- Hundreds of customers flocked to the Singapore office of troubled insurer American International Group Inc. (AIG) on Wednesday, many hoping to pull their investments and policies from the company.
Today, in the Wall Street Journal, Shika Dahlmia makes the case that even though both candidates hector us ceaselessly about national service, Obama has more detailed, and more troubling, plans:
The current mortgage crisis came about in large part because of Clinton-era government pressure on lenders to make risky loans in order to “make homeownership more affordable for lower-income Americans and those with a poor credit history
The New York Federal Reserve intervened aggressively to shore up the U.S. financial system this week, providing at least $87 billion to help underpin trades with units of bankrupt Lehman Brothers Holdings Inc, court documents show.
"Did Dick Cheney . . . purposely tell me things he knew to be untrue?" Armey said. "I seriously feel that may be the case. . . . Had I known or believed then what I believe now, I would have publicly opposed [the war] resolution right
A general Middle East War could bring $10/per gallon gas prices to America. The world's economy, already headed to a global depression, will be thrust into the worst depression in human history.
Pacific Biosciences aims to bring sequencing technology to the doctor's office.
Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.
YouTube has shown a desire to satisfy the requests of Senator Joseph Lieberman (R-Israel) by implementing S-1959 the “Violent Radicalization and Homegrown Terrorism Prevention Act of 2007″ even before it has be debated, voted on or passed as la
Hillary Clinton and Sarah Palin Spoof (Freak'n Great!)
Joe Nocera, a Times columnist, explains why the future of A.I.G may be more telling than Tuesday's Federal Reserve rate decision.
...probation. Maybe there's more to the story than what the Asbury Park Press says in the article below, but it looks suspiciously like the female sentencing discount is in play again.
House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”
Police officials are excited about a new high tech gadget that will make their jobs a little bit easier. Through a Homeland Security grant, Los Angeles County purchased 500 mobile fingerprint scanning devices that can be used by officers in the field
Alaska Governor Sarah Palin gave her first exclusive interview as John McCain's Vice Presidential running mate to ABC's Charles Gibson last week. Her answers were very troubling...
It wasn’t until the recent sudden death of Representative Stephanie Tubbs Jones of Ohio of a brain aneurysm that the MSM focused on Barack Obama’s VP pick, Joe Biden, and his own history of the same medical condition.
Thirty quotes from the people involved in the Caylee Anthony case: mother Casey Anthony; grandparents, George and Cindy Anthony; Orange County Sheriff, Kevin Beary; Greta Van Susteren, Nancy Grace, statements from protesters who’ve surrounded the Ant
