The struggling city of Detroit is on track to run out of money in May said the Michigan Treasurer.
A team is looking at Detroit's financial picture to assess if the city needs an emergency manager to take over operations. It was the first time the 1
Author of this book gives 50-minute talk. In it, he mentions that most politicians head to the center of public opinion. Ron Paul does NOT do this. I hasten to add, Ron Paul is not mentioned in the talk. Still, Professor Caplan is a pretty bright
The "buy American stocks" trade is gaining backers by the day—including Goldman Sachs on Tuesday—as US economic indicators continue to show improvement and investors become less-focused on Europe. Time for the PERFECT Cheer
Linear thinkers in mega-corporations, mainstream media and Washington D.C. focus on retaining the status quo, their power and their wealth. They believe an economic recovery can be manufactured through monetary manipulation and Keynesian borrowing an
The White House will propose a 0.5 percent pay increase for civilian federal employees as part of its 2013 budget proposal, according to two senior administration officials familiar with the plans.
The modest across-the-board pay jump would be the
A group of senior citizen activists calling themselves “Wild Old Women” staged a protest at a San Francisco Bank of America branch this week and succeeded in causing the business to close its doors, albeit temporarily.
Olympian Nick Symmonds, a vocal critic of what he calls track and field’s needlessly restrictive logo and sponsorship regulations, is auctioning advertising space on his body to raise money — and awareness.
Because of the fiscal insanity of the world’s governments (and to a lesser extent my human ego, I hope), I have believed that an economic meltdown was a likely possibility nearly every year during the past 30 years.
Freed from the constrains of any link to gold, the Fed was free to inflate at will. Within five years, the nation was in the grips of a horrendous stagflation--high inflation amid an economic downturn--something that the Keynesian economic paradigm c
A new year is always a good time to reflect on the past and look forward to the future. Human action taken in the past drives results that take place in the future. Positive human action drives positive results. Negative human action drives negati
(Reuters) - MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions.
With every new year come a new round of bold predictions for financial markets. Bill Gross, the manager of the world's largest bond fund, kicked off the year calling the current market "paranormal." He forecast a 2012 characterized by "credit and zer
More consumers made their home equity loan payments on time in the 3rd quarter of 2011 and consumer delinquencies fell to its lowest point in 4 years, according to the American Bankers Association. Consumers are making progress on digging out of deb
Eastman Kodak is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capita. The once-iconic photographic film pioneer is negotiating to secure $1 billion in debtor-in possession financing to
You already know what has to be done to rollback government. Since most government spending is on entitlements, welfare and subsidies, voters simply have to vote to stop getting free stuff for themselves from the government. Easy, huh?
According to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And US debt to GDP is now officially over 100%, a fact which the US government decided to delay exposing until the very end of
Colorado State Senator Kent Lambert and national security consultant Dr. Ron Scott present a geo-strategic perspective on the emerging financial crisis in Europe. They will discuss this from the perspective of political economy, including both theory
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