The One Percent: Gigantic Government + Gigantic Corporations = Massive Wealth Inequality In America
But GDP, the broadest measure of economic activity, was not strong enough to represent a “catch-up” effect that could bring the unemployment rate down substantially over time.
Lockheed Martin had a totally sweet quarter, raking in $700 million and looking forward to the same this time next year. So it raises eyebrows when Lockheed’s anointed mouthpieces predict mass economic disaster if Congress touches the defense budget.
If the Occupy Wall Street protesters want to target a single big bank, which should they choose? The decision wouldn’t be easy, given the bad behavior of the country’s biggest brand-name banks. We look at the country’s four largest—Bank of America
At a moment when the fragility of the economy ranks at the top of American concerns, sharp differences have begun to emerge in how the leading GOP presidential contenders would solve the problem — illuminating not only a diversity in approach, but a
Settlement is now mostly muerto in political terms, although the big investors are still paying the big lawyers to soldier on in hope of forcing a settlement on all parties.
Oct. 25th - Today's Price Jumps Means?...(...it means we get to watch what happens in the morning)
Oct. 25 (Bloomberg) -- Home prices in 20 U.S. cities dropped more than forecast in August, highlighting one of the obstacles facing the economic recovery in its third year.
Morgan Stanley agreed to sell Saxon Mortgage Services, its mortgage-servicing unit, to Ocwen Financial Corp., in a long-awaited deal that ends the investment bank's foray into subprime-mortgage servicing.
The New Reality For U.S. Cities: No Money For Street Lights, Roving Packs Of Wild Dogs And Open-Air Drug Markets
The Greatest Wall Street Movie That The Public Is Going To Hate. The new movie Margin Call, starring Stanley Tucci and Kevin Spacey, is getting rave reviews from people in finance.
Earnings summary shows EPS forecast peaking at $0.70 which the street had at $1.10. Explains the epic collapse in the stock after hours.
The total of U.S. state debt, including pension liabilities, could surpass $4 trillion, with California owing the most and Vermont owing the least, a new analysis says.
Ron Paul was asked about student loan programs, which have made debt slaves out of countless kids, in his excellent interview on Meet the Press.
Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster.
7 Things About The Monolithic Predator Corporations That Dominate Our Economy That Every American Should Know
Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.
NEW YORK—Morgan Stanley agreed to sell Saxon Mortgage Services, its mortgage-servicing unit, to Ocwen Financial Corp., in a long-awaited deal that ends the investment bank's foray into subprime-mortgage servicing.
Citigroup has agreed to settle the SEC’s charges by paying a total of $285 million, which will be returned to investors. (A DROP IN THE BUCKET)
Reality is this: Pension promises cannot be kept, just like Medicare promises cannot be kept.
I opened a charming neighborhood coffee shop. Then it destroyed my life. (But does this story mention the role gov't had?...)
Thinking of starting a business? Don't start it in America, chances are higher that it will fail. As the U.S. continues its economic slide it also continues to break long-standing records along the way. This record-smashing trend is nothing to take
The credit rating agencies have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan. Hence, we expect at least one credit downgrade in December when the super Committee crashes.
The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.
They're pulling in fat paychecks, but now they're also homeless.
The US Misery Index Misery Index (12.97) = Unemployment rate (9.1) + Inflation rate (3.87)Entered By: Ernest Hancock
An unofficial gage of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment. The misery index — which is simply the sum of the country's inflation and unemployment rates
Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past 3 years than at any time since the US government began reco
It's official, President Barack Obama's "Misery Index" has now exceeded President Jimmy Carter's rate that peaked during 1980. Then Republican candidate, Ronald Reagan, used that index to pound home the malaise America had fallen into and levera
Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This means that the investment bank's European derivatives exposure is now