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The unraveling of the landmark deal to end North Korea's nuclear weapons programs began just weeks after its high point when U.S. negotiators presented Pyongyang with a sweeping plan for verifying its claims about its nuclear programs.
Pakistani and American ground troops exchanged fire along the border with Afghanistan on Thursday, a top American military official said, ratcheting up tensions as the United States increases its attacks against militants in Pakistan’s restive tribal
Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank [and they didn't wait until Friday], and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. [Pressuring CONgress?]
``JPMorgan is getting a steal compared with what they were going to pay,'' said Scott Adams, a pension and investment analyst. ``It's very tragic.''
"No, you're thinking of this place all wrong, as if I have the money back in the safe!
Commodities investor Jim Rogers blasts the Paulson bailout plan saying, "It lunacy, its absurd it will bail out some of Paulson's friends on Wall Street, it is welfare for the rich"
Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.
Keep in mind while watching this video that this is the best case all these articulating craniums in Washington can hope for. Best case.
Sen. Richard Shelby, R-Ala., the ranking Republican on the Senate Banking Committee, poked his head out of a meeting at the White House to tell cameras, "I don't believe we have an agreement."
McCain proposed Wednesday that the debate be postponed until a deal is struck in Washington on a financial bailout plan. Sen. Barack Obama rejected the idea, saying the crisis made the debate more useful and timely.
A spokesman for House Minority Leader John Boehner, R-Ohio, cautions that House Republicans have not signed on to anything.
Thursday, Sept. 25th, 5 p.m. - Let's deliver an immediate and direct response to the president’s call for this enormous bailout: NO! Volunteers will host actions in cities and towns across the country with a simple message: "America says NO
which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks
This video shows President Bush introducing the Ownership Society on May 17, 2002 in front of an adoring crowd. Watch it with an open mind, and remember that a few of us saw the housing market headed for a terrible fall.
Three bills in Congress would turn Ebay--and a lot of other websites--into snitches for the government. It would require websites to conduct their own investigations into their customers. All three bills are sponsored by Democrats, who want to "
I suggest that the Presidential Debate should not be suspended as has been planned. Instead, continue to have the debate even if McCain says he won't be there. Assuming that Obama shows up, the debate will be pretty much one-sided when each que
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Bank Failure Friday might be interesting tomorrow. With $310 billion in assets (hat tip Nemo), WaMu would be the biggest bank failure in history - in fact it would be larger than the previous top ten added together
Senator McCain has suspended his campaign to return to Washington to work on solving the financial crisis. Meanwhile Obama touts his $845 billion Global Poverty Act in Florida which would cost every US man, woman and child nearly $2500 each.
The financial services industry, which has spent billions on lobbying and campaign contributions over the last decade, is scrambling to make its case for a proposed $700 billion bailout plan amid deep public skepticism.
"Further inaction is simply not an option," McCain said in brief remarks to reporters, his first news conference in more than a month. "We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating
Why would a firm remove itself from the list? Len Goldberg, the CEO of Greenlight Capital, told us it wasn't a tough decision. "It's prety simple really. We believe our shareholders are better off by having the market determine our stock
Senator Barbara Boxer, Democrat of California, has received nearly 17,000 e-mail messages, nearly all opposed to the bailout, her office said.
Use the form provided to submit bad assets for the government to take off your hands. Remember, when estimating the value of your 1997 limited edition "MMMbop" CD, it's not what you can sell these items for, it's what you think they
"It is a demonstration of technological virtuosity. It's a method of showing the world they are second to none - which is a very important objective for [China]."
By the end of 2009, about 100 U.S. banks with collective assets of more than $800 billion will fail, predicts Christopher Whalen, managing director of Institutional Risk Analytics, a Torrance, California-based firm that sells its analysis of FDIC dat
Sales of new one-family houses in August 2008 were at a seasonally adjusted annual rate of 460,000. This is 11.5 percent below the revised July rate of 520,000 and is 34.5 percent below the August 2007 estimate of 702,000.
Warned of a possible financial panic, key Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry and said they would present it to the Bush administration....
ANCHORAGE, Alaska — The McCain campaign is speaking for the Alaska state government these days, especially when it wants to ensure that nothing embarrassing about Gov. Sarah Palin emerges before Election Day.
The continued US strikes have led to two reports of Pakistani troops firing on US helicopters attempting to cross the border in as many weeks, and yesterday’s claims of a US Predator Drone being downed in South Waziristan
The House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers
