The Clean Air Act has been expanded and the EPA is in a power grab for jurisdiction over vehicle emissions and is now planning control over utilities.
Today we find the United States and most of Europe in a similar situation. We risk an eruption and collapse of the mountain of unsustainable sovereign debt built up over the last two decades.
These are a small fraction of the companies that have disappeared over the years, victims of what Karl Marx decried as the “creative destruction” brought by capitalism.
After requiring new warning labels on cigarette packaging, the federal government is expanding the idea to other items, as follows:...
A feisty President Obama met with reporters Wednesday — a sure sign that the dispute over the debt limit has reached a critical stage. The president, clearly intending to increase pressure on the GOP, lambasted Republicans for, in his words, refusing
We're not sure where R. Lee Wrights stands in terms of winning the nomination for Libertarian candidate for US president, but we found the interview to be interesting.
Are the austerity protests and riots happening in Greece right now a glimpse of America's future? The truth is that both nations are absolutely drowning in debt.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America's wars. Staggering as it is, that figure grossly underestimates the total cost of wars in Iraq, Afghanista
America is not as free as it seems to be. The government needs to pass laws to empower shareholders. Then shareholders will run corporations and America's Constitutional republic shall blossom once more.
Cisco Systems Inc. (CSCO) has cut its income taxes by $7 billion since 2005 by booking roughly half its worldwide profits at a subsidiary at the foot of the Swiss Alps that employs about 100 people.
If the Fed stops QE, confidence in the US dollar would rise. Money would flow into US investments, both supporting the US stock market and helping to finance the large US budget deficit.
Where Did It All Begin? - Eric Peters on the robed shysters who wrecked our 4th amendment protections. / The US Roman Empire - Justin Raimondo on its rise and fall. / Politics Is a Scam - I will never vote again, says James Altucher.
Should the U.S. sell off its gold reserves to pay down debt? That's the latest idea being tossed around by gold bug Ron Paul. Not only would selling Old Yeller help the U.S. pay its bills, says libertarian Paul, but it would put more gold in the hand
Should we subsidize, enforce mandates, or give tax credits and deductions to industries like ethanol and natural gas? Having a thriving energy market domestically is a good thing and something the government should not hinder. Not only would decrea
Major League Baseball's Los Angeles Dodgers filed for bankruptcy protection Monday in an effort to restructure its debt, court documents showed.
The final number of -17.5 is WAY worse than the anticipated -3.2 reading, and well below the -7.4 it printed at last time.
In a bid to halt a takeover of the team by Major League Baseball, Dodgers owner Frank McCourt has filed for bankruptcy. A battle over control of the team has been in play...
Not surprisingly, the personal household weakness continues into May, when both personal income and spending came lower than expected...
Yankelovich projected that college graduates would average 11 jobs by the time they were 38 (!), yet found they were demanding of their employers, wanting frequent feedback (as in lots of attention) and quick advancement.
The bottom line, the "employment gains" have not been due to increased hiring, but due to ever more desperate people no longer daring to leave whatever job security they may have...
Big-box retailers Wal-Mart Stores and Kmart, pioneers in the push to cut consumer prices for generic drugs, have been raising prices for the most popular brand-name diabetes drugs, according to a new study.
The black swans can be organized into groups. They are numerous within each important economic and financial camp. The Armada of Black Swans, well organized into regiments, has become dominant enough to be considered the New Normal.
The 6.3 million jobs lost since the beginning of 2008 is deceptively low. The Economy should have been gaining 1.8 milling jobs a year, not losing jobs. In other words, the economy is down 10 to 12 million jobs from where it should be.
The themes, atmosphere, violence, brutality and finale of this eulogy to the western genre are a perfect representation of our current dire circumstances. The town of Big Whiskey represents the United States. The sheriff rules with an iron fist...
More than two years ago, we pointed out that the Federal Reserve was potentially finished as a credible entity. This is different than saying the Fed was finished as an EFFECTIVE entity.
The War on (Some) Drugs - It's racist, says Wilt Alston. / Descent into Fascism - Edwin Vieira on our national socialist monetary system. / Is College Worth It? - 11 signs it may be a one-way ticket to student debt hell.
There’s good reason to worry, says Michael Pento, senior economist at EuroPacific Capital. “Retirement is on life support, if not indeed dead as we know it today,” he tells Aaron Task
This loss of faith in the transparent functioning of markets will trigger what I call the delegitimization of both the markets and the institutions which have essentially promised a permanent upward bias in assets.
Newport Beach-based asset manager, Robert Arnott, tells Marketwatch that he sees a a “3-D Hurricane” — a perfect storm of deficits, debt and demographics...