U.S. retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.
The four restaurants in the Phoenix area and one in Tucson were among 58 locations that were closed after the Perkins & Marie Callender's Inc.'s bankruptcy filing Monday. The restaurants each employ about 30.
Dr. Skousen has had a diverse career. He has taught at Columbia Business School, served as president of the Foundation of Economic Education...
Dr. Vieira and I covered a lot of ground in our lengthy conversation, most of it related to the U.S. monetary system – its history, nature, and likely fate.
As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating.
A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room.
When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.
Recent economic data show that U.S. job growth in May was negligible. Private capital is the key to economic growth and new jobs. We cannot create jobs if we demonize profits, punish risk-taking capitalists, and stay hostile to foreign investment.
The mainstream financial media are running stories on the next financial crisis. This is unheard of two years into a so-called economic recovery. So weak is this recovery that the old pre-2008 confidence has not returned.
Our own money management team here in the USA is in a box even worse than Europe's. It's not even a hall of mirrors. It's a broke-down Winnebago with moldy upholstery and the propane line is leaking inside. Everybody's wondering if Ben Bernanke...
He says we are on the verge of a “sustained slowdown”.
A loss in American "household wealth" of some $11 trillion. Here's saying that the US economy can't take that sort of plunge and hope to live to see another day in anywhere near its present or recent shape.
Talk about getting it from all sides. Economists want Americans to cut down on debt and boost spending all at once, even as home values tumble and gasoline prices soar. It may all be a bit too much for the average U.S. household, particularly with
The Obama administration's mortgage modification program is more than two years old. From the beginning, it's been apparent that the participating banks and mortgage servicers were breaking the program's rules.
The gold price has been rising steadily for almost a year now, with nary a correction. It fell only 4% last month, and the biggest decline since last July was January’s 6.2% drop.
Neoclassical economists ignore the level of private debt, on the basis of the a priori argument that “one man’s liability is another man’s asset”, so that the aggregate level of debt has no macroeconomic impact.
The study involved young adults. The more debt incurred by those in the 18-27 age group, the higher their self-esteem and the more in control they felt, according to researchers. But older respondents, in the 28-34 age group, voiced more stress...
It was the early 1980′s and the Boomers were between 23 years old and 40 years old. Seventy six million Boomers were in the work force. Was it the chicken or the egg? The financial industry peddled debt as the solution to all problems.
The United States plans to export $46.1 billion in weapons this year, nearly doubling its 2010 figures, officials said.
Iraqi authorities have asked for a US congressman to leave the country after he called for Baghdad to repay part of the money spent by Washington since the 2003 invasion, a spokesman said on Saturday.
When you ask any Argentinean person what concerns them the most, the first thing they’re going to be telling you is the crime problem.
That Speeding Freight Train You Hear - The Decline and Fall of the Welfare State Obama can't stop it, says Pat Buchanan - The Bilderberg 2011 Attendee List - Another Gold Correction Is Coming - Astonishing Japanese Photos 3 Months After
With no closing or action terminations, the five additions this week finally push the Unofficial Problem Bank List over the 1,000 threshold. The list includes 1,002 institutions with assets of $417.4 billion, up from 997 and assets of $416.7 billion.
Be prepared to "shelter in place" or "bug out" as appropriate. "Wilding" events have already happened in some major cities. This is likely to spread if there is a "fiscal" or "monetary" accident and the "FSA" (free **** army) funds get cut off.
The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for two and a half years will shrink to a trickle with the conclusion of the Fed's bond purchases announced Friday.
Whats behind the souring of U.S. and China relations? When Barack Obama became U.S. President, the conventional wisdom was that relations would improve. The high point came when Obama made his first visit to China in November of 2009 when both sides
Another dose of anguish about the global economic recovery sent the Dow Jones Industrial Average below 12000, pointing to a sixth straight weekly decline that would be blue chips' longest slump since 2002.
While US and China are holding talks in Washington DC the question arises - who has the upper hand in this negotiation? Co-founder of the Quantum Fund Jim Rogers says he would always like to be a creditor, not a debtor.
Ernest Hancock: Today's News on FreedomsPhoenix.com
I have searched online with no result. Where can I get a copy of the loan documents (contract?, statute?, ?) evidencing the debt the USA has with China? I'd like to read the default provisions, notice provisions, binding arbitration pRead Letter