Guaranteeing health insurance for all Americans may cost about $1.5 trillion over the next decade, health experts say. That's more than double the $634 billion 'down payment' President Barack Obama set aside for health reform in his budge
The IMF is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency". [you thought only the Fed could do this?]
During boom periods, returns on investment allow small businesses to afford the high capital costs of urban centers. During the correction, the low-cost capital in small towns and rural areas gains new attraction.
pdf file of the actual $3.6T budget proposal. Yes, its title page really does proclaim "A new era of responsibility." Are these guys are trying to outdo themselves on doublethink or what?
Bernanke Fed Chairman Discusses Recession, Financial Rescues And Recovery In Wide-Ranging 60 Minutes Interview. This is the first interview of a sitting fed chairman so lets all listen to what this man of financial expertise has to say about the cri
The problem is we borrowed and spent. That is what he Fed used to create the bubble in the FIRST place. So to "Correct" the problem we are going to borrow and spend some more. Makes perfect sense when your name is Ben Bernanke.
"I don't think this year is going to look any better than last year," Whitney said in an interview Tuesday on CNBC. "In fact it will look worse because there's so much credit coming out of the system."
Jim Rogers, chairman of Singapore-based Rogers Holdings, talks with Asian TV about the outlook for China stocks, commodity prices and the U.S. banking industry.
President Obama today offered a strong pitch and preemptive defense of his budget proposal, calling it an "economic blueprint for our future, a foundation on which to build a recovery that lasts."
Lefty activists have started the website fixcnbc.com, a network, they argue, that has helped "get us into the economic crisis we face today." This is utter nonsense.
This is the fourth segment of a four part interview that Gerald Celente did with Jeff Rense on Friday the 13th. Gerald talks about what it is going to take to survive the Greatest Depression which will arrive in June...
Wells Fargo & Co. Chairman Richard Kovacevich criticized the U.S. for retroactively adding curbs to the Troubled Asset Relief Program, which he said forced the bank to cut its dividend, and called the administration’s plan for stress-testing banks “a
Police Commissioner Raymond W. Kelly has expressed concern over the frequency of bank robberies and the seeming ease in carrying them out, particularly at certain branches.
On Friday, state lawmakers were soberly assessing the report, which showed that the pension’s unfunded liabilities have more than tripled in six months, to $40.4 billion from $11.5 billion.
Looting the nation's wealth and preparing to quell dissent when it erupts.
The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President O
Originally aired on March 13, 2009. Whether the government should fix the economy; the attainability of the American Dream; a proposal for universal pre-kindergarten; fencing in the U.S. border; increasing traffic and killer commutes; medical marijua
But what they’re now telling me is that the economic meltdown is merely a means to an end. It is being done deliberately, they say, at the very highest levels to achieve a well-planned outcome. What outcome is that? Global rule over all banking, of c
Home prices have fallen by nearly a third from their peak in 2006, adjusting for inflation. But they're still higher than they were in the booms of the 1970s and 1980s.
Risk-averse card issuers are getting slash happy. And while many cardholders gripe that such cuts slice razor-close to their balance amounts, for an unfortunate few the cuts go far deeper: below what they currently owe.
We have already seen this Groundhog Day movie at least six times over and over again in the last year or so: the market starts to rally – this time around about 8% in a week - and the chorus of optimists starts to say that this is the bottom...
Insurance giant American International Group will award hundreds of millions of dollars in employee bonuses and retention pay despite a confrontation between the chief executive and Treasury Secretary Timothy F. Geithner.
Inbound traffic was 35% below last February and 35% below last month.
Amid the upheaval on Wall Street, the pension fund's assets have declined by a stunning $1.3 billion in just the last eight months. Further deterioration is likely in the year ahead as the economy worsens under the weight of the global recession.
The reality is California is now a minimum of $13 billion in the hole ... and counting. Hang on because it gets worse.
Alex Andon, 24, a graduate of Duke University in biology, was laid off from a biotech company last May. For months he sought new work. Then, frustrated with the hunt, he turned to jellyfish.
Lawrence Summers broke a long public silence, asserting that today's economic problems stem from an unsustainable financial model, and he defended heavy deficit spending as a necessary evil to restore the economy to health.
Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating by Fitch, barely hours after S&P cut General Electric's top-tier rating, as the global financial crisis pummels America's corporate titans.
China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending. Premier Wen Jiabao's message is unlikely to be misunderstood at the White House. It i
So towards the very end of the year, the denominator (GDP) is going down even as the numerator (Debt) is going up. On a percentage basis, this means Debt/GDP is presently rising at an accelerating rate.