Detroit is clearly insolvent and could face a possible bankruptcy if talks with labor unions and creditors do not make substantial progress on easing the city's cash crunch, the city's emergency financial manager said on Monday.
A good doctor will not simply make a diagnosis based on measurements.
The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year, the state comptroller's office reported Monday.
After the Detroit police department stopped responding to 911 calls, a private firm filled the gap.
The Dow rose another 48 points yesterday. Gold was up $24 per ounce.
During an interview with The Globe and Mail, 'Gloom, Boom, and Doom's Marc Faber unleashed some awful truthiness about gold "I buy gold every month", real estate "bubble territory", and the likelihood of a crash in smoke-and-mirrors-like asset market
A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools.
Americans are ditching their U.S. passports in record numbers, a sign of growing frustration with a system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia. The latest bold-faced names to relinquish their U.
Detroit’s emergency manager says the city is bleeding much more red ink than originally thought. “The situation is severe,” Orr said. “It’s worse that we originally thought. It ain’t good.”
California’s top law enforcement official accused JPMorgan of flooding the state’s courts with questionable lawsuits to collect overdue credit card debt. JPMorgan “committed debt collection abuses against tens of thousands of California consumers.”
Steady home price gains can help drive the housing recovery. Higher home prices encourage more people to buy before prices rise further. They can also entice more homeowners to sell by making them more confident they’ll get a good price. In addition,
Recently, news reporters have been sounding almost giddy, saying that unemployment is dropping, housing prices are rising and the stock market is growing to new highs. But, these reports do not ring true with what people see around them. When you loo
Glenn Jacobs (Citizen X) on the internet tax - Bill Buppert (Publisher of ZeroGov.Com) talks about the impact of the wars abroad and why they can't be won - Rachel Linden (GMOFree Arizona) on educating people about the dangers of eating genetically
Job openings in the U.S. eased in March from the highest level in almost five years, indicating employers are waiting to see how the economy performs as federal budget cuts take effect.
On the same morning a congressional staffer told investors in a private call that odds were improving for a government decision that would help medical insurers, trading spiked in a major health-care company.
If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.
The hackers often struck late on Fridays, starting about a year ago, sending skeleton crews at more than a dozen European banks rushing to keep bombardments of digital gibberish from crashing their websites.
In this well-argued talk, Timothy Bartik makes the macro-economic case for preschool education -- and explains why you should be happy to invest in it, even if you don't have kids that age (or kids at all). The economic benefits of well-educated kids
This is a fairly shocking video in the sense that the gentleman being interviewed is a former Fed official. He calls for a free-market gold and silver standard along with competing currencies – just what we've been suggesting.
It was a Monday afternoon, a couple weeks ago, and Owen — a product manager and design lead with Denver-based software company Convercent — had been called into a company-wide meeting with co-founder and CEO Patrick Quinlan.
The mainstream media is not telling you this, but the truth is that most Americans are steadily getting poorer.
Previously, it was Seth Klarman, one of the most respected value investors of all time warning against the hubris of economists, the complacency of investors and the stupidity of politicians.
THOUGH yesterday’s employment report revealed a slowly improving job market, the jobless rate is still elevated, at 7.5 percent, with 11.7 million people looking for work, including 4.4 million who have been doing so for at least half a year.
Judging solely from the name, you'd expect General Electric (NYSE: GE ) to have a fondness for electric businesses -- and it does.
Up in arms against the leadership it blames for San Bernardino's bankruptcy, a group of business people and residents on Thursday launched a campaign to recall the California city's council, mayor and city attorney. The group, looking for a "clean
Once upon a time, the United States was a paradise for entrepreneurs and small businesses, but now the control freak bureaucrats that dominate our society have created a system that absolutely eviscerates them.
Intel’s new chief executive must reverse the last decade of declining market share.
Foreigners now hold more than $13 trillion in American securities, a record set as the U.S. seeks to assert itself as the safest port in troubled global waters. China and Japan combined owned more than $3.4 trillion, including $2.4 trillion in debt,
Wall Street is buzzing about Apple issuing around $17 billion in bonds. What this means in simple terms is Apple is borrowing billions of dollars, and paying out a small yield to the people and institutions that purchase the bonds Apple is offering
How loose monetary policy leads to wealth and income inequality.