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"People had in their head, 'I need a mud room, I need giant columns, I need a media room, and I'm going to do anything to get it,"' said Robert Lang, co-director of Virginia Tech's Metropolitan Institute, a research organiza
I have difficulty briefly describing America’s form of national government. According to the CIA, the U.S.A., which is the Federal government, is a constitutional federal republic with a strong democratic tradition. On paper, this is correct.
The current economic situation has shown that certain politicians and "experts" are nothing more than a gaggle of scuzzy showmen in their own right; fallen "wizards" in a real-life Oz.
The number of Clark County homes that entered preforeclosure status reached a record 6,152 in March, up 52 percent from February and more than double the 2,813 preforeclosures in the same month a year ago....
Nonfarm payrolls fell 80,000 in March, the Labor Departmenmt said Friday, its biggest decline in five years, after falling by 76,000 in both January and February. Both were revised to show bigger losses.
Nonfarm payrolls fell 80,000 in March, the Labor Departmenmt said Friday, its biggest decline in five years, after falling by 76,000 in both January and February. Both were revised to show iver bigger losses.
Analysts at the financial research firm Celent LLC said in a report Tuesday that it expects the U.S. commercial banking industry — essentially, all companies that lend or collect deposits — to lose 200,000 of its 2 million jobs over the next 12 to 18
One wonders if verifiable facts ever get in the way of this administration's statements on issues that are critical to the average American's wellbeing. Last time I checked, politicians take an oath to the American people
Beck sets the scene for where he wants his show to go, but then starts out with a live interview of Ron Paul on the Capital Hill steps. (I am guessing right before or after he will be grilling Fed Chair Bernanke.)
Republican presidential candidate Rep. Ron Paul questions Federal Reserve Chairman Ben Bernanke at Joint Economic Committee on April 2nd, 2008.
Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive – a sure sign the world's richest country faces economic crisis.
The International Monetary Fund will forecast the US economy will go into recession this year. The IMF believes the US will experience at least 2 successive quarters of negative growth -- the technical definition of a recession -- and will grow only
The Federal Reserve Board gave its approval to JP Morgan Chase to purchase a banking unit of Bear Stearns. The Fed had helped orchestrate the JP Morgan takeover of Bear Stearns to sooth tensions on Wall Street but had not formally given a green light
Lehman Brothers raised $4 billion of capital in a preferred stock deal designed to stop questions about the Wall Street investment bank's stability. Lehman's shares rose 17.8% as investors snapped up the offering, quelling rumors of looming w
Real estate brokers and local authorities say once-proud homes coast-to-coast are being stripped for copper, aluminum, and brass by thieves. Much of it ends up with scrap metal traders who say nearly all copper gets shipped overseas, much of it to Ch
Startling official statistics show that as a new economic recession stalks the United States, a record number of Americans will shortly be depending on food stamps just to feed themselves and their families.
"It would be Congress and the president essentially giving a blank check to a regulator over which they have very little power,'' said a professor at the Univ. of Maryland. His proposal will "allow Wall Street to do whatever they wa
Be it ever so devalued, $1 trillion is a lot of dough. That's roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates.
Fascist Nation
One of the things Ron Paul and Aaron Russo have done is expose the Federal Reserve for what it is: A rip-off conducted with the approval and conniving of the federal government. More young people are aware of who and what the Fed
The US Federal Reserve is examining the Nordic bank nationalizations of the 1990s as a possible interim solution to the US financial crisis. [Or, perhaps they could look at the model popularized in 1930's Germany.]
The homebuilders are finally starting to liquidate surplus land at prices that are attractive to "vulture funds"...
In proposing the broadest overhaul of financial oversight since the Great Depression, the Bush administration has kicked off a fierce debate. It pits those eager to revamp an antiquated system against an industry opposed to excessive regulation.
Congressional leaders are racing to push through an array of election-year housing measures that already have stirred up much political wrangling and the White House is examining its own plan to further help homeowners caught in the mortgage meltdown
Hillary Rodham Clinton, Barack Obama and John McCain have diagnosed the swooning economy and come up with rival plans to revive it. One will get a chance to try to sell their proposal to Congress as president. [3 plans, no difference, print money]
At what point does government snooping become a hindrance to commerce? That must be the question a lot of companies are asking themselves after a recent episode in Canada where a controversy over the use of online tools has emerged.
This is how the US went bankrupt in 1971, and has been covering it up through an accelerating whack-a-mole borrowing frenzy that is bursting right now. It has been paying rapidly growing VISA bills using MasterCard and vice versa for 37 years.
A newly surfaced memo from banking giant JPMorgan Chase provides a rare glimpse into what fueled the mortgage crisis. It is a primer on how to get risky mortgage loans approved by Chase's in-house automated loan underwriting system.
Mr. Parks, he sees a further steep fall in housing prices, a tumbling dollar, and a weak stock market leading to a genuine depression with 30 to 35 percent unemployment, greater poverty, plunging bond and stock prices, even some starvation.
Americans owe a staggering $1.1 trillion on home equity loans — and banks are increasingly worried they may not get some of that money back.
Americans owe a staggering $1.1 trillion on home equity loans — and banks are increasingly worried they may not get some of that money back.
