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Economy - Economics USA

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California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired

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By Matthieu Auzanneau, Oil Man Blog, Le

The U.S. Department of Energy admits that “a chance exists that we may experience a decline” of world liquid fuels production between 2011 and 2015 “if the investment is not there”, according to an exclusive interview with Glen Sweetnam, main officia

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By Washington's Blog,

The Wall Street Journal ran an editorial last August pointing out that the American people are just about the only ones fooled by the government's use of off-balance sheet, SIV-type accounting to hide the debts of Fannie, Freddie, Social Security an

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By David Zahniser,

Facing resistance from the City Council over his renewable-energy plans, Los Angeles Mayor Antonio Villaraigosa has warned that any attempt to overturn higher electricity rates approved last week by the Department of Water and Power board would throw