The recent bankruptcy filing by San Bernardino, California, underscores the financial stress faced by cities in the state and the potential that more might seek Chapter 9 protection from their creditors, Moody's Investors Service said on Thursday.
In this special underground interview, Rebellious Truths joins Ellen Brown, author of Web of Debt and Chairman of the Public Banking Institute.
Advocates of “cliodynamics” say that they can use scientific methods to illuminate the past. But historians are not so sure, Nature News reports.
In the mid-1970s, Sears built the 110-story Sears Tower in Chicago’s Loop and filled many of the floors with its bloated corporate staff instead of spending the money on upgrading its stores, merchandise, and store personnel. Soon after, Sears began
Former commodity trading advisor, Walter Burien, revealed the massive scope of government finance and investments, all funded by U.S. taxpayers, and argued for an alternative path without taxation.
US stocks rallied for a third straight day Tuesday, buoyed by hopes for more stimulus from the Federal Reserve and the European Central Bank to boost weak economies.
As some California cities face bankruptcy, public services are being slashed so unusually high pensions can stay on the books. Stockton’s former police chief rakes in a pension of more than $200,000 a year, while also working another job.
Do you want to know why it seems like good jobs are very rare in the United States today?
Health coverage for the poorest Americans could be in jeopardy in many states as a result of the U.S. Supreme Court's ruling last month on the Affordable Care Act, according to a new legal analysis.
In 2007, Stockton borrowed $125 million in the bond market to pay for enhanced pension benefits and invested the money in its California Public Employees’ Retirement System account, where it lost a third of its value
If I said an economist said that the American economy was heading into a “death spiral,” most people would likely think I was referring to Peter Schiff, Bob Murphy or someone from the Mises Institute. They would be wrong. Reuters reports Richard Dunc
Facebook shares have lost nearly half their value since a highly-touted public offering in May, but it’s still not a bargain for some.
When we feel there's a situation out of our control, we often fall back on superstition to account for it. ("Nothing else is working, why not blame it on that black cat?"
The dust has settled on the final round of NASA's Commercial Crew integrated Capability program project, and three winners have been given funding for the next round of American-made space taxis:
Now an innovative paper co-authored by an MIT economist shows that a large portion of America’s older population has very little savings in bank accounts, stocks and bonds, and dies “with virtually no financial assets” to their names.
The strongest and toughest creatures out there that no one has been able to subdue yet, the inexplicable American consumers, are digging in their heels though the entire power structure has been pushing them relentlessly to buy more and more with mon
Like Alien vs. Predator, it’s an epic battle of powerful forces locked in combat. Only this is a battle of economic forces. As we see on the old black and white movies, when Godzilla and other monsters battle, ordinary human beings count for nothin
San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third California city to seek protection from creditors.enue by $45 million in the fiscal year that began on July 1.
The U.S. manufacturing industry grew at its slowest pace in nearly three years, but continued to outpace peers in Europe and Asia, new data out of Markit Economics shows.
The deadline for the United States Postal Service to repay its $5.5 billion loan from the U.S. Treasury is tonight, and the USPS is not expected to be able to make the payment.
We're still working through this... but wanted to give a quick breakdown of the weird, apparently algo-driven trades that hit the tape and caused the sudden uptick in orders hitting more than 30 stocks.
Yesterday, Bill Gross wrote a widely panned piece on how after decades, it was now going to be lights-out for the stock market.
Congressman Ron Paul, Chairman of the Domestic Monetary Policy and Technology Subcommittee, announced today that the subcommittee will hold a hearing to examine sound money and parallel currencies.
What will the Fed do at the meeting later today? No one really knows except the FOMC members, but here’s my best guess.
This week has provided two very clear examples of why it is so important to keep on prepping.
The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said he will not allow the firms to reduce loan balances of struggling homeowners, frustrating the Obama admin as it looks for ways to
The deep federal spending cuts scheduled to take effect at the start of next year may trigger dismissal notices for tens of thousands of employees of government contractors, companies and the warnings may start going out before the election.
President Obama has touted General Motors (GM) as a successful example of his administration's policies. Yet GM's recovery is built, at least in part, on the increasing use of subprime loans.
I believe when people reach this point... of losing everything... like I did... they are ready to clear away all the nonsense and get down to business... they are inclined to living free, prosperous and in service to their fellow man.