A global recession may be around the corner and world labor markets have yet to feel the full impact of the credit crisis, the chief executive of global employment services company Manpower Inc. said. "The globe is finding its way into a recessi
The Nasdaq Stock Market's decision to suspend one of its own listing rules comes as an avalanche of company's shares tumble below the $1 threshold, and is intended to avoid the mass delistings that followed the burst of the dot-com bubble.
The Pentagon said it dropped war-crimes charges against 5 Guantanamo detainees after the former prosecutor in their cases complained the military was withholding evidence helpful to the defense. There are no plans to free any of the men, and charges
[Go back to sleep.] The Army Times noted the force "may be called upon to help with civil unrest and crowd control." The military has since said they will not be used for civil unrest. We speak to future USNORTHCOM operations division chief
Casino companies’ earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less.
In the financial world, in this economy, those are the trend lines of doom.
Brian Kenny and Matt Lepacek confront CNN’s Wolf Blitzer about 9/11 and why he refuses to cover the victim’s search for justice. Blitzer refuses to talk and is quickly hushed away.
If you are thinking about buying someone a Circuit City gift card, think again about what you are doing. There is no reason to expect Circuit City to survive. Its stock is trading at $0.35.
India is poised to become the world's sixth space power, and Asia's third, to send a probe to the moon. If all goes well, Chandrayaan-1 - "moon vehicle" in Sanskrit and Hindi - will survey the moon's minerals, search for water a
Konarka, a solar-cell startup based in Lowell, MA, has opened a commercial-scale factory, with the capacity to produce enough organic solar cells every year to generate one gigawatt of electricity, the equivalent of a large nuclear reactor.
It was strange and very frustrating. When I finally got through my slate of candidate choices, I could not get the VOTE button to light up when I touched it. I finally called over a poll worker and he told me that I needed to touch lightly.
By taking a minority stake in financial services companies, the US Treasury has become the managing partner. We are, and will be, treated to a textbook example of how economies cannot be centrally-planned.
With catalysts created by an MIT chemist, sunlight can turn water into hydrogen. If the process can scale up, it could make solar power a dominant source of energy.
The Fed is tapping its Depression-era emergency powers and creating a new facility to buy a vast array of commercial paper from the funds. Money market mutual funds have been under pressure as skittish investors demand withdrawals.
Lastly, prices fell a sharp 7.6% in a single month, which puts even more people underwater in their homes and exponentially increases the chance of loan default across all paper types.
Within just a few weeks of the bailout passing, our government is blacking out the parts of public contracts that explain how much taxpayer cash private contractors are going to be paid. Perhaps this is what Paulson meant when he promised transparenc
I was under the impression that Canada and Australia were sovereign countries. Note: Canada's Harper was not yet Prime Minister when he made this speech selling out his country for god knows who - but he is now.
"It's not possible for the eurozone to continue without clearly identified economic governance," he told the European Parliament on Tuesday. The leaders of the 15-nation eurozone should coordinate their actions with the European Central
Lawmakers and officials moved toward forging a second fiscal stimulus bill after Federal Reserve Chairman Ben S. Bernanke endorsed the idea and the Bush administration dropped its opposition.
A turf war is brewing among 3 leading federal agencies that have contrasting visions for how the $55 trillion market for speculative financial instruments known as credit-default swaps should be regulated.
The Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials.
“The Roe and Heller courts are guilty of the same sins,” one of the two appeals court judges, J. Harvie Wilkinson III, wrote in an article to be published in the spring in The Virginia Law Review.
Philip J. Berg, Former Deputy Attorney General for the State of Pennsylvania, has filed a lawsuit against Democratic presidential nominee Barack Obama. He's claiming the Illinois senator is not a U.S. citizen and therefore ineligible to run for p
Current estimates for FY08 (now) are that we will run well north of $1 trillion in budget deficit. FY09's estimates are now north of $2 trillion (!) from some sources, and nobody has a credible estimate under $1 trillion.
Advocates are concerned that if the prices for oil and gas keep falling, the incentive for utilities and consumers to buy expensive renewable energy will shrink. That is what happened in the 1980s when a decade of advances for alternative energy coll