Leszek Balcerowicz, the man who saved Poland's economy, on America's mistakes and the better way to heal from a financial crisis.
Stocks had a good day today.
WHEREAS since the default of 1933 the the incorporated United States of America, doing business as the government has been operating on the private credit of the American People; -- NEWLINE -- WHEREAS the national debt is not a debt owed to any cor
Bloomberg is reporting that President Barack Obama is weighing a "Social Security concession" in negotiation of a deal to avert the so-called fiscal cliff.
President Barack Obama and top Republican John Boehner met at the White House on Monday as hopes rose that Washington will be able to head off steep tax hikes and spending cuts that could push the economy into recession next year.
Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis. Total foreign holdings of U.S. Treasurys rose to $5.48 trillion in Octobe
This excerpt from an opinion piece posted at Reuters entitled "Ethical economy: A tale of two half-centuries" was written by Edward Hades but it could have been written by any one of a number of people functioning within the power elite orbit.
It is a dark day for the rule of law. ~ Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank
Reps. Justin Amash, Michael Capuano weigh in
More and more people are realizing that our food chain is in crisis.
The city of Detroit is expanding its White Picket Fence Program, designed to end blight by allowing residents to buy adjacent city-owned lots for $200. To sweeten the deal, buyers also receive $200 gift cards to be used towards fencing and upkeep su
Churning the US Military into the UN's Global Governance Military one Nation at a Time
The National Association of Realtors (NAR) is reporting that thanks to foreign investors, the housing market is beginning to make a recovery. These non-American buyers have purchased $82 billion worth of US homes with $7 billion being Chinese and the
US breeds a Chinese-style inmate labor scheme on its own soil.
It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion. Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and ou
The Pentagon is bracing for the fiscal cliff.
The near-total closure of the Ports of Los Angeles and Long Beach, which ended Wednesday after a week-long strike, could have crippled the flow of goods into the US. But it could be the start of new battles ahead for major US ports.
Bloomberg's Edmund Lee & Serena Saitto breaks news that the Tribune Company intends to seek sale of its newspaper holdings as it exits bankruptcy.
Today, the Federal Reserve will announce its latest decision on monetary policy, followed by a press conference featuring Fed Chairman Ben Bernanke.
More people are moving out of the state than into the state, a new Census report shows.
After decades of American protection, our friends can form their own alliances to confront any adversary.
Participation in the Supplemental Nutrition Assistance Program, or food stamps, reached another high in September, according to new data released by the United Stated Department of Agriculture.
The dollar weakened against most its major counterparts amid better-than-forecast factory data from China and bets the U.S. central bank will add to monetary stimulus.
A year-end deadline approaching, negotiations to avoid an economy-rattling "fiscal cliff" appeared at a standstill Monday.
US and UK regulators will unveil the first cross-border plans to deal with failing global banks on Monday, outlining proposals to force shareholders and creditors on both sides of the Atlantic to take losses and to ensure sufficient capital exists.
The federal government is nearing the edge of the “fiscal cliff.” The term is used to describe the simultaneous expiration of tax cuts, increase in tax rates and supposedly massive spending cuts. Some argue that allowing the federal budget to be cut
Few people realize that the debt ceiling is aligning right on track with the fiscal cliff. Total public outstanding debt is now at $16.369 trillion and is only $63 billion away from breaching the limit. Not a coincidence that the fiscal cliff is al
Obama’s student loan overhaul was modeled after a European styled socialist program and the NYT was wild about Obama’s new student loan program which is a variation of the Marxist doctrine of “from each according to his ability and to each according