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President-elect Barack Obama on Wednesday will announce that Former Fed Chairman and Trillateral Commission member Paul Volcker will head a new economic recovery board, two sources close to the transition team tell CNN.
Here's what could be in store for Iceland now that they have a $10B loan. Take notes - let's see how much of it will apply to us next year.
The four moving average is at 518,000 - above the highest levels of the '91 and '01 recessions, and the highest level since 1983
Paul Volcker, the former Federal Reserve chairman who throttled the economy to crush inflation in the 1980s, will lead a new White House panel aimed at reviving growth, according transition team spokeswoman Stephanie Cutter.
One of the world's foremost authorities on derivatives Nassim Nicholas Taleb explains (together with the creator of fractal theory and chaos theory, Dr. Mandelbrot) that the financial crisis will be worse than the Great Depression because of deri
Watching the president-elect’s Monday introduction of his economic team, my brother-in-law Pete said, “You can see the feathers coming out of their mouths” as the foxes were once again put in charge of the henhouse.
Israel's relentless attempt to destroy Palestinian viability and prevent any chance for peace and equity.
Nov 19, 2008 CameraFRAUD sign wave event... AGAIN detained and given a coupon (ticket) for a non-crime because there was NO injured party but they call it Criminal Trespass anyway. Can't we all just get along....
Nixon's Keynesian conversion looks positively quaint compared with the fiscal and monetary stimulus that is about to be brought to bear on the US and global economy. I doubt even Keynes himself could have imagined the scale and scope of what'
The Federal Reserve and the Treasury announced $800 billion in new lending programs, sending a message that they would print as much money as needed to revive the nation’s crippled banking system. [we call that HYPERINFLATION]
The Census Bureau plans to cut spending on advertising and community outreach for the 2010 census by at least a fourth compared with the 2000 census, provoking concern among congressional overseers that historically difficult-to-count groups such as
Former Prince George's County [where else?] schools chief was sentenced to 6 years in federal prison for steering contracts to a girlfriend and a longtime business associate and then orchestrating what prosecutors called an "egregious"
Marine archaeologists have found the remains of a slave ship wrecked off the Turks and Caicos Islands in 1841, an accident that set free the ancestors of many current residents of those islands. Some 192 Africans survived the sinking of the Spanish s
No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States which shall have been created, or the Emoluments whereof shall have been increased during such tim
CONNECTING THE DOTS
Will you be prepared when Peak Oil hits? Will you be self sustaining or will you be like the folks who hung around New Orleans for Hurricane Katrina? You will find this citizen armada most interesting. They're in the business of surviving the
AZCentral seems to be torn between two masters when it comes to photo enforcement related news, redefining the Orwellian idea of doublespeak in the process.
Defense Secretary Robert M. Gates has agreed to stay on under President-elect Obama, according to officials in both parties. Obama plans to announce a national-security team early next week that includes Gates at the Pentagon...
Several of you sent me this from Yahoo.com's headlines page -- Economy Hitting Women Hardest, Say Experts (11/21/08). It's a variation on the "Nuclear Holocaust Kills Billions--Women Hit Hardest" theme. If the Ms. Foundation for Wom
Political tensions simmering for 2 years have boiled over, but Tuesday’s violent confrontations saw protesters using slingshots, knives and gunfire on a busy street and tourists caught up in the airport chaos — marked a dramatic escalation.
World Net Daily claims Barack Obama’s Certificate of Live Birth is a forgery and supplies the proof.
The Obama birth certificate story is heating up at WND for some reason. Is a big break in the story about to occur? We have a few reasons for thinking “Yes”.
November 21, 2008 We recently called the Kenyan Embassy and learned some pretty interesting things about our President elect, Barack Obama… THIS CALL IS 100% REAL! You people who think this is fake or "a bit"…IT IS NOT! Now take a
In choosing a new school for their daughters, the Obamas did what any good parents should do: they chose the very best they could find. The girls will attend Sidwell Friends, an expensive and exclusive private school. Trouble is ....
Joining with Treasury Secretary Henry Paulson, President-elect Barack Obama has announced new hope and change for alcoholics.
The central bank is starting to use some of the unorthodox policy tools that Chairman Ben S. Bernanke outlined as a Fed governor six years ago. Policy makers are aiming to prevent a financial collapse and stamp out the threat of deflation.
Treasury Secretary Henry Paulson, less than a week after indicating he would let the Obama administration decide how to use the second half of the $700 billion financial fund, is considering asking for the money.
In Phoenix and Las Vegas, home prices have declined about 38% from the peak. At the other end of the spectrum, prices in Charlotte and Dallas are only off about 4% from the peak.
Ahhhh, the typical vacation in Dubai: sandy beaches, resorts and strip searches at the airport–even for celebrities like Lily Allen and supermodel, Agyness Deyn. A travel advisory for the modest traveler.
Nationalizations take dramatic losses from the private sector and places them on the larger balance sheet of the public sector, he said. "It's not good,"...
Here is a Breakdown of the Bailout Rescue Efforts. Click on any chart for sharper image. Note: the tables below do not reflect another $300 billion for Citigroup.
