Crude oil dropped $1.33 to $73.56 per-barrel on the New York Mercantile Exchange at the market's close Tuesday as the Organization of Petroleum Exporting Countries made it clear that it would be ready to pump more oil if needed.
The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away. $95 crude is likely this year unless OPEC unexpectedly increases production, and declining inventories are raising the chances for $100 oil
The Karl Marx philosophy of “the ends justify the means” is prevalent all over the United States, even in Yuma, Arizona. The idea that government is to restrict its participation in the marketplace to only making sure that individuals play fair and d
Oil refineries across the country have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production. The disruptions will drive gasoline prices to
Congress is poised to make big changes to the government programs tapped by millions of students to pay for college. The biggest of these for students: a cap on what low-income borrowers have to pay back each month on their federal student loans.
Stocks may be hitting record levels, but there are still plenty of factors that could derail this rally. Here are five reasons to worry:
On July 18, 2007, Ben Bernanke is explaining the Monetary Policy and the State of the Economy to members of the House Committee on Financial Services. These are the opening comments by Presidential Candidate Ron Paul to the Fed Chairman Ben Bernanke.
Moody's Corp. Chief Financial Officer Linda Huber was sued by an investor who said Huber failed to disclose that Moody's assigned "execssively" high rating to bonds backed by subprime mortgages. Moody's investors paid artificia
Can the Fed control prices?
No matter what anyone thinks, the Fed can't. If the Fed could, oil would not be $70, food prices would not be soaring and housing prices woul
Young people. Politicians and University statists tell you that you owe a debt to your nation in the form of compulsory service to your country, currently called Universal Service. I am here to tell you that you have already given, so tell them wher
Alphonso Jackson and the HUD is pimping mortgages to China. This is the same clown who said "I am absolutely emphatic about winning back our share of the market that has slipped away to subprime lenders." right at the peak of the housing bu
The price of oil jumped to an 11-month high yesterday, moving even closer to record levels hit last summer as fears mounted over shortages in supply.
US retail sales -- a crucial driver of economic growth -- fell by the biggest margin in almost two years in June as American consumers cut their spending amid a persistent housing slump, the government said Friday.
Fed up with U.S. immigration hurdles, Microsoft announced July 5 plans to open a software development center in Vancouver, British Columbia, that it hopes will "be home to software developers from around the world."
The subprime storm isn't blowing over. On July 10, credit-rating agencies Moody's Investors Service and Standard & Poor's warned of greater-than-expected losses for bonds backed by subprime loans—news that helped send stocks tumbling.
Cracks that started showing up in the housing market last year are growing wider and deeper. On June 10, two homebuilders and two retailers blamed the housing market's unraveling for worsening outlooks, which led Standard & Poor's Equity Rese
In what the online financial news site MarketWatch called "a huge harpoon into the heart of the mortgage credit bubble," S&P would likely cut the ratings on about $12 billion in debt and announced it would revise its criteria for assigning
Fresh troubles in the subprime segment of the US housing market have reignited fears of contagion that could affect the broad financial sector and possibly the broader economy, analysts say.
In this quiet , shortened trading week, something historic will happen. As of today, July 3rd 2007 the 'uptick' rule will be eliminated. If you're new to all this, the uptick rule limits how a trader can sell a stock short. The rule on
The euro hit a record high of 1.3740 dollars amid worries about the US economy, underscoring a debate among European leaders about how much control should be maintained over the single currency. The British pound also hit a 26-year high of 2.0275 dol
The US economy is now being powered by educators, healthcare workers, front-desk clerks at hotels, and anyone who can ask, "May I help you?" Demand for workers in the service sector is hard to sate. Online job postings are full of ads lo
The US economy will keep growing without prompting faster inflation, giving the Federal Reserve no reason to change interest rates into 2008, this month's Bloomberg News survey showed. Economic growth will setlle into a 2.5 percent to 3 percent
Consumer borrowing posted a hefty increase in May, reflecting the biggest jump in credit card debt in six months. The Federal Reserve reported Monday that consumer credit rose at an annual rate of 6.4 percent in May, far above the small 1.1 percen
The Powers-that-be are gearing up for a final pump to empty the coffers of Americans. This time their target is our mutual funds, IRAs, 401ks, and your pension. You had better get ready for a poverty-stricken old age.
"From the Great Depression, to the stagflation of the seventies, to the burst of the dot.com bubble; every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consisten
Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall St. Journal, according to sources acting for the Dow Jones board. Negotiations on price and matters of principle have been completed, though some details remain t
Over the next two weeks we'll learn just how much damage hedge funds have sustained as a result of the subprime mortgage mess, and there is a fear that investors could pull out in droves.
It's official. Mark your calendars. The crash of the US economy has begun. It was announced the morning of Wednesday, June 13, 2007 by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post
In celebration of The 4th of July, 2007 you are invited - even urged - to flex your independence with the Volunteer Network's 'secret weapon' - the Ron Paul Dollar bringing new meaning to the U.S. Mint's "Presidential Dollars
The meltdown in the subprime mortgage market is inexorably spreading throughout the U.S. economy. The first shoe dropped in February, when scores of mortgage originators went bust amid rising defaults and tightening lending standards. Last week, the