Nassim Taleb spoke to CNBC this morning about the failure of big business and big government, as well as his new book of aphorisms.
The unemployment rate rose in 21 states and Washington D.C. in November, up from the 14 states that showed increases the month before, according to government data released Friday.
And now people are warming up to Daley's idea of building a casino, effectively a tax on poor people and another way to avoid real fiscal reform.
If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past.
(Interviewed by Louis James, Editor, International Speculator)
These two charts paint a devastating picture of the US housing market.
Now that's a nasty number. +893,000?! Uh, wow.
(Reuters) - The futures regulator acknowledged on Wednesday it will miss the January target for issuing a final rule on limiting the amount of contracts a trader can control in agricultural, energy and metals markets.
Because things are a little worse in Europe economically, and because the people there actually do realize the people in power are monkeys, they have now reached that stage of realization where burning things up is the logical response.
There were reports out today that JP Morgan has now admitted to having their massive naked short position in silver and is taking steps to reduce it.
California Budget Is "Much Worse Than I Thought -- We've Been Living In Fantasy Land" Jerry Brown
Duke spray-painted a V for Vendetta sign on the wall before brandishing a gun and telling everyone apart from the school board members to leave the room.
Weeks after swearing off earmarks, many senators stand to gain tens of millions of dollars for pet projects in a massive spending bill that could be their last chance at the money before a more conservative Congress begins next month.
The days are dwindling down fast now. There are only a precious few left in 2010. The Dow rose 40 points on Friday. Gold fell off $7.
Teresa Ghilarducci may be the most dangerous woman in America. Never heard of her? Read on…Simply put, Ghilarducci, a professor of economic policy analysis at the New School for Social Research in New York, wants the federal government to grab all pr
The two "gotchas" in here are gasoline, which has had gross sales down even though gas prices are up, and dining and drinking, which were down despite the holiday season during the Black Friday weekend when they should have been up...
It is surprising that over the past several years very little has been said in the popular media about the fact that America is slowly (but surely) transforming from a full-time to part-time employed society.
Crude oil prices jumped above 91 dollars here on Monday as the market digested OPEC's move over the weekend to maintain the cartel's output levels.
One startling fact that I found looking at Social Security information was that 100,000,000+ Americans earn an average of $39,999 or less a year (66 percent of all Americans).
More than $1 trillion of this year’s decline in home values occurred in the second half, Zillow said. Federal tax credits of as much as $8,000 for qualified first-time homebuyers and $6,500 for repeat buyers required a sales contract by April 30.
Washington's long-term plan is ending them
Disgraced financier Bernard Madoff's eldest son hanged himself by a dog leash in his apartment Saturday, exactly two years after his father's arrest in a multibillion-dollar Ponzi scheme that swindled thousands of investors of their life savings.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their iden
Big money runs America
The key fact to remember is that we are in an economic recovery that will remain restrained by the after-effects of a major credit crisis and the need to deleverage the enormous household debt built up during the boom.
Consumer confidence is on track for its second-worst year on record in nearly 25 years of weekly polls, according to an ABC News index, although the figure held steady in the latest week.
First, the raw not seasonally adjusted data show a $700 million decline. Once again, it was federally-supported credit (ie. student-backed loans) that accounted for all the increase last month ― a record $31.8 billion expansion.
Calling All Snitches - Be Afraid, Be Very Afraid, Doug Casey on that banal evildoer, Ben Bernanke - World Dating Police Capture Julian Assange, Naomi Wolf applauds Interpol - Survival Prep: 10 More Things To Do Now
Major media back lavish handouts for America's aristocracy, crumbs for everybody else