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If widely accepted by home owners this will ruin the American consumer and make housing a dead asset class for decades. If you are in a serious negative equity position when signing these forms when most are, remember that you will:never be able to s
Now, in our "Top Trends of 2009," we forecast "The Collapse of '09," which in turn will spiral into the "Greatest Depression" the worst economic conditions America has ever experienced.
Jesse Ventura talks about his experience with the CIA while he was the Governor of Minnesota. Video
Northern Command spokesman Michael Kucharek and Arizona Army National Guard Major. Paul Aguirre said they are not aware of any new planning for domestic situations related to the economy.
In the negotiations, the Treasury secretary is effectively taking on the role of “auto czar,” which was envisioned in the bill written by the White House and Congressional Democrats but blocked by Senate Republicans.
Chrysler's financing arm recently has warned dealers it may have to temporarily stop providing loans for dealers to stock vehicles on their lots because of a wave of withdrawals from a fund used to pay off those loans.
The president and CEO of the Michigan Credit Union League said the program's intent is both to send the message that auto loans remain available and to prop up sales at domestic manufacturers.
The task of the proposed "car czar" -- silliness on stilts -- would be to supervise the pruning of GM's nameplates and dealerships. The most qualified person for that ill-conceived position already has a more promising job, as Ford'
The government's spending commitments exploded by 25 percent in 2008, putting taxpayers more than $1 trillion in the hole even before the astronomical costs of the economic bailout were taken into account
Oil prices tumbled below $40 for the first time since the summer of 2004 Wednesday despite an announcement from OPEC of a record production cut of 2.2 million barrels a day. (If no one is buying...you cut production)
A rare winter storm swept through Southern Nevada Wednesday, dumping the most snow on the valley in nearly three decades, grounding flights at the airport, forcing the closure of major highways and closing schools for today.
The Web may be the future for magazine publishing, but in the present, ready revenue is winning out and Web writers are getting laid off left and right
Peter Schiff talks about vanishing jobs. Peter discusses the morality of punishing good businesses to reward bad businesses. 12-6-08
Peter is a follower of the Austrian School of economics
The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve's plan to print vast sums of cash dilute the value of the greenba
Struggling U.S. automakers are launching a round of severe cutbacks as they wait for a government rescue, with Chrysler saying yesterday it will idle all 30 of its U.S. factories for a month.
A U.S. proposal to send more troops to southern Afghanistan will lead to a short-term rise in violence before stability can be brought to the region, the deputy commander of NATO forces in the country said on Wednesday.
OPEC oil ministers agreed their deepest output cut ever on Wednesday, cutting 2.2 million barrels per day from oil markets in a race to balance supply with rapidly crumbling demand for fuel.
Morgan Stanley reported a much wider-than-expected $2.2 billion quarterly loss on Wednesday on plummeting markets and poor trading moves, while banking and brokerage fees sank.
Under Soviet dictator Josef Stalin, people who fraternized with foreigners or criticized the Kremlin were "enemies of the people" and sent to the gulag. Now there's new legislation backed by Vladimir Putin's government that human ri
WhiteKnightTwo, the mega-carrier plane that will haul Virgin Galactic's suborbital spaceliner SpaceShipTwo to launch altitude, is expected to make its first flight before year's end.
Starting next month, Medicare, the federal health insurance program for the elderly and disabled, will offer financial bonuses to doctors who prescribe drugs electronically rather than on paper. Doctors who do not will face penalties from Medicare st
The Illinois Supreme Court denied an effort to remove Gov. Rod Blagojevich, rejecting what could have been the quickest way to force the Democrat from office. Blagojevich's lawyer, meanwhile, said the governor would not appoint someone to fill Ba
Eager to jolt a worsening economy back to life, President-elect Barack Obama's aides are assembling a two-year stimulus package that could cost $850 billion with a blend of new jobs, middle-class tax relief and expanded aid for the poor and the u
State Department officials worked closely with the private security contractor Blackwater USA to play down incidents in which company operatives killed innocent Iraqis, according to Blackwater and State Department documents obtained by a congressio
With the arrest of Eduardo Arellano-Felix, the once powerful cartel is in disarray. The unintended consequence of success: a bloodbath, as the next generation of gangsters battles for dominance. [over-the-top transference]
No weapons? “No problem,” say Cheney and Gaffney, while Gareth Porter finds pessimism and no nukes in Iran. WWIV is coming soon to a theater near you.
We are pleased to announce part one of a twenty-part series... Using a combination of “American Idol” meets “60 Minutes,” one lucky fraudulent scam cam will be selected each week to receive the “FRAUD” sign, and will be profiled to find their “human
Yahoo said Wednesday it will anonymize most of the data it collects about people's Web searches after three months, a move that could put further pressure on competitors Google and Microsoft to do the same due to privacy concerns.
