Starting at around 1:50, Greenspan states the odds of sequester occurring are very high - in fact, the playdough-faced ex-Chair-head notes, "I find it very difficult to find a scenario in which [the sequester] doesn't happen" But when asked how this
In his State of the Union speech Barack Obama warmed Democratic hearts by calling for an increase in the federal minimum wage to $9 an hour, and indexation of the wage to inflation.
It reduces poverty and inequality. Recent studies continue to suggest that the decline in the minimum wage over the last thirty years has contributed noticeably to the rise in economic inequality, a rise that continues apace in post-recession Ameri
We’ve had an endless series of products whose ingredients have been cheapened in order to maintain the price.
The California Homeowner Bill of Rights that became a law at the start of the year has helped bring down the national foreclosure rate, according to RealtyTrac's latest foreclosure report.
Should we all quit working and jump on board the Obama gravy train?
Warren E. Buffett has found another American icon worth buying: H. J. Heinz.
It was a fairly standard State Of The Union night in America last night.
Milton Friedman of the Chicago School of Economics suggested in 1969 that dropping money out of helicopters for citizens to pick up was a sure way to restart the economy.
Sen. Bernie Sanders (I-Vt.) and Rep. Peter DeFazio (D-Ore.) today introduced legislation to modernize the U.S. Postal Service, save Saturday mail and repeal a crippling law responsible for 80 percent of the mail system’s funding woes.
Despite the severe drought still gripping the U.S., farmland values continued to rise across most crop-growing regions in the third quarter.
President Barack Obama called for raising the federal minimum wage to $9 an hour and warned he’ll use executive powers to get his way on issues from climate change to manufacturing if Congress doesn’t act, laying out an assertive second-term agenda
Mark Levin was furious tonight over the destruction of this country by Democrats like Obama, Pelosi, and Reid and gutless Republicans who are not only complicit, but even now are still afraid to speak out about it:
Low capital expenditures, decelerating corporate growth and a global economy that's improving at a snails pace are the metrics that are most responsible for anemic growth in the U.S
Tesla Motors will soon announce its fourth quarter financial results.
Gas prices hit a national average of $3.59 Monday – the highest ever for a Feb. 11. Several factors will continue to drive up costs, but not to last year's highs, analysts say.
A new report on home prices has just been released by the National Association of Realtors.
There's a growing meme that the market and the economy are about to have a date with destiny.
Former World Bank president James Wolfensohn discusses the future of the global economy.
Whole Foods CEO John Mackey — author of the new book “Conscious Capitalism” — was on Glenn Beck’s radio program on Thursday and unashamedly endorsed capitalism in an interview that will have capitalists and libertarians standing up and applauding.
After spending years dogged by unpaid debts, California labor leader Charles Valdes filed for bankruptcy in the 1990s—twice. At the same time, he held one of the most influential positions in the American financial system: chair of the investment com
Think you might someday get breast cancer? There's a quick fix for that: Chop 'em off! It's called a "preventive double mastectomy" and surgeons are right now successfully convincing women who don't even have breast cancer to have both their breasts
Bill Gross Warns of Credit Supernova From The Fed, Says To Avoid Long Bonds
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority.....
The US national debt is twenty times higher than is officially reported, approaching $222 trillion, and today’s children could soon be paying their parent’s debts, reputed American economist Laurence Kotlikoff told RT.
(Video) Even a fiat currency and the casino game of fractional reserve standards are not enough to cover the never ending greed. Banks use your deposited money plus imaginary reserve policy funds to make bad bets, and lose. But who really lost? Th
Despite optimism-mongering in the media and in certain quarters of Washington and elsewhere, we’ve had indication after indication in the economic data that whatever lousy progress has been made in nudging up GDP, American workers have not benefitted
The Collapse of The American Dream Explained in Animation
Now that Tim Geithner has resigned as US Treasury secretary, it is time to survey the damage wrought from four years of his approach to the financial crisis.
Yesterday at Bloomberg we got the chance to meet David Woo, BofA/ML's brilliant strategist for Global FX and rates.