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Crude oil futures fell to a fresh 16-month low Wednesday, pressured by a surging dollar and significant gains in U.S. petroleum stockpiles. Light, sweet crude for December delivery -- the new front month -- traded as low as $67.50 a barrel
All gold was confiscated and all gold certificates had to be turned in for paper currency backed by trust in the US. When the banks reopened, all safe deposit boxes were sealed. Boxes could be opened only in the presence of an IRS agent. **I didn’t k
NEW YORK (MarketWatch) -- Gold futures tumbled 4.3% Wednesday to the lowest level in one year, while copper futures were set for their worst year since 1988 in a broad sell-off that was sending stocks and commodities sharply lower.
Sarah Palin took a break from the campaign trail to appear on "Saturday Night Live" in two skits
Pressly, who resembles conservative commentator Ann Coulter and has worked at the station since 2004, won a small role in the movie "W."
Some synthetic CDOs, tied to credit-default swaps on corporate bonds, are trading at less than 10 cents on the dollar, according to Sivan Mahadevan, a derivatives strategist at Morgan Stanley in New York.
To fund all that Congress, Paulson and Bernanke have in the pipe (you know, the TARP, the newly-minted SIV that Ben announced this morning to buy commercial paper, etc) the treasury issue requirements will be north of three trillion dollars in this f
Tuesday October 21, 2008 - Christopher Buckley
LONDON (AP) - Oil prices fell below $70 a barrel Wednesday as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that would crimp demand for crude.
CBSNEWS w/ Couric shed a half a million viewers, falling from 6.4 million to 5.9 million; ABCNEWS dropped from 8.1 million to 7.6 million; NBCNEWS slumped from 8.2 million to 7.8 million.
Researchers are warning of potential problems during the US election with record numbers set to vote and many states using new voting machines.
The Cave Creek Town Council has agreed to pay an immigrants rights group $70,000 in attorney's fees from a case involving the town's former day-labor ordinance.
The financial crisis is serious and worsening.
A top salesman for Australian red light camera vendor Redflex is convicted of $1.2 million fraud. A top red light camera salesman was convicted in South Carolina of $1.2 million
Entered By: Forty Four O Nine
In order to prevent the "Great Depression II", the Fed and the Treasury have embarked on a series of measures similar in nature to those that caused the great depression.
Several major US banks are leaning toward spending a portion of their federal rescue money on acquiring other financial firms rather than for issuing new loans, the primary purpose of the government's $250 billion initiative to invest in banks.
President Bush, who has made international aid a cornerstone of his foreign policy, warned against cutting U.S. assistance to impoverished nations in the midst of the financial turmoil arguing that doing so would undermine America's economy, nati
As people around the country respond to financial and economic hard times by juggling the cost of necessities like groceries and housing, drugs are sometimes having to wait. "People are having to choose between gas, meals and medication,"
A former high-ranking police official was arrested for lying when he denied that he and detectives under his command tortured murder suspects decades ago, allegations that led Chicago to pay former inmates millions and helped spark Illinois' deat
The American Civil Liberties Union is demanding more details on the domestic deployments, which appear to violate the Posse Comitatus Act, which prohibits use of the military to direct internal affairs of the US. The ACLU warns
A cheeseburger and democracy to go? Not quite, but politically active Californians have been able to cast election ballots from the comfort of their cars at a one-off drive-thru voting booth. The innovative drive-thru voting system was opened
At the moment, regular automotive fuel can contain no more than 10% ethanol, according to federal law. Ethanol producers are making a strong push to consider letting Americans fill their cars with fuel that contains up to 20% ethanol.
An Arizona shrimp farmer has emptied the crustaceans from some of his ponds and filled them instead with algae to turn to biofuel.
"And what you can do by trying to pursue perfect security," Jarecki continued passionately, "is you can literally bankrupt yourself as a nation -- on every level. Spiritually, economically -- we're seeing so many levels on which we
CONNECTING THE DOTS
How do you think illegal aliens gain easy access to America? A quick look shows many of America's best known organizations and companies openly aiding, abetting and assisting illegal aliens to remain within the USA.
Over the last 72 hours there has been a strange melange of cryptic messages leaked from world political leaders about what could be in store for America over the next few months predicting huge and building threats emerging from faceless enemies in s
Colorado has the longest ballot ever in 96 years, and I've read it may be the longest ballot in the country. With numerous amendments and a few referendums, almost all center on whether you want to give government greater power or not.
The Commerce Department, for instance, recently requested artists' bids to paint a likeness of Secretary Carlos Gutierrez, who has served since 2005. The contract pays up to $35,000, and Gutierrez gets to select the winning painter
The Fed said it will lend up to $540 billion to new special entities that will stand ready to buy up that short-term debt from money market mutual funds. The central bank is relying, as it has repeatedly this year, on a Depression-era authority that
It ultimately took Zarrella 3 hours and 15 minutes to get to the head of the line. "There are two machines that actually print out the ballots," Zarrella explained, "and both of the machines went down for a period of about 45 minutes.*
