Following up yesterday's post on inflation-defense investments, Paul Hsieh and Amit Ghate cite John Mauldin's weekly newsletter, which notes that the hyperinflation "tipping point" generally occurs when governments have to borrow 40% of what they are
One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall St
Four US soldiers have been killed by a roadside bomb in southern Afghanistan, Nato-led forces have said. Two of the servicemen died in the blast on Thursday, and two others died later from their wounds.
In unprepared remarks given at a Wall Street conference hosted by The Economist magazine yesterday, Treasury Secretary Timothy Geithner delivered this eye-brow-raising comment: “We’ve got unsustainable deficits over a five- to 10-year window.”The US
The federal budget deficit soared to a record $1.4 trillion in the fiscal year that ended in September, a chasm of red ink unequaled in the postwar era that threatens to complicate the most ambitious goals of the Obama administration, including plans
L.A. Times just dropped this blockbuster: In a strange twist to an already complicated legal situation, artist Shepard Fairey admitted today to legal wrongdoing in his ongoing battle with the Associated Press.
Rolfe Winkler is at the Buttonwood Conference in NYC.
The shortfall for the 12 months ended Sept. 30 was more than triple the $455 billion record set a year earlier, the Treasury Department said today in Washington.
Hundreds of supporters donating millions of dollars came to hear President Barack Obama speak in San Francisco Thursday, but not everyone came to cheer. A huge crowd of protesters also turned out to deliver messages of their own.
Seriously? This kid's greatest accomplishment to date was creating a Clinton supporter website at NYU. Please wake me up from this bad dream...
Every day that Obama fiddle farts around and delays action on his field commanders request for help (MORE TROOPS) cost lives for those already on the ground. Obama needs to get off his NOBEL ass and do his JOB!
Article I, Section 9, of the Constitution, the emolument clause, clearly stipulates: "And no Person holding any Office of Profit or Trust under them, shall accept of any present, Emolument, Office, or Title from any King, Prince or foreign State."
The media has largely parroted what the White House and Wall Street were saying. As a Pew Research Center study on the coverage of the crisis found:Economist Thomas Palley says that Wall Street also has a vested interest in covering up how bad things
The U.S. Treasury Department is the central headquarters of Wall Street, and Timmy Geithner is its demigod.
No one ever went broke underestimating political cynicism, but these days even we can't keep up: On Wednesday, President Obama announced that he wants to send every American senior a $250 check.
President Barack Obama on Thursday signed into law a $7.5 billion aid package for Pakistan that the U.S.-ally's military criticized as American meddling in its internal affairs.
Bloomberg News has posted a report which outlines just how corrupted by Wall Street that Obama's Treasury Department has become, populated with people on the taxpayer payroll serving as Geithner's closest "counselors," none of whom were subjected to
A video clip of MARXIST Anita Dunn, White House communications director, has emerged where she says that Chairman Mao, who killed 50-70 Million Chinese and said that "China can do without 300 million people", is her "favorite political philosopher."
Today’s roundup of stimulus coverage: So, what’s really in a name? The Senate is on the verge of dropping another $20 billion on jobless benefits for the unemployed and an extended, expanded tax credit for homebuyers
Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators' failure to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines, according to a bailout watchdog.
What the hell is this about? A member of the President’s Working Group on Financial Markets, a.k.a. The Plunge Protection Team, is out spooking investors.
Reached on her cell phone by TPMmuckraker and informed of the $20,000 fine imposed on her by a federal judge this morning, Birther attorney Orly Taitz responded, first, with laughter. "So he didn't recuse himself?" Taitz asked, after letting out a
Obama’s identity, employment, and residence information. The use of a multitude of social security numbers alone is indicative that Mr. Obama appears to have committed a substantial number of felony violations
Glenn starts with Obama’s broken promises about lobbyists and a single payer healthcare plan leading right into America being dragged towards marxism, and let’s not forget about the red phone.
These charts are interesting, and as grim as they are, they can’t hold a candle to how grim it really is. These are using the official bogus data! Show us the line that includes the millions of people who have dropped out the bottom and aren’t counte
The latest legal turn out of Hawaii leaves very little wiggle room for the state.
Professor Peter Klein, University of Michigan, talks about the return of an ugly monster that refuses to die.
Most of Obama’s stated plans for America are indistinguishable from those of George Soros. As the left forces nationalized health care on us, we may want to consider Soros’s Project on Death.