— Who did the most to help victims of Hurricane Katrina? According to a new study, it was the company everyone loves to hate Read the Full Story: In Wal-Mart We Trust
— Treasury Secretary Henry Paulson proposed a set of sweeping changes on Monday aimed at modernizing the nation's financial system in what could herald the biggest regulatory overhaul of Wall Street since the Great Depression. Read the Full Story: Paulson to propose changes for financial system
— "Pork barrel spending," McCain says, "is an insult to taxpayers, a waste of public resources, and an abdication of our leaders' responsibility to be good and honorable stewards of the public treasury, for the benefit of all Americans, not just a few." Read the Full Story: Pork Three Ways ...
— There's no question that government intervention through taxes, regulations, and subsidies has distorted energy markets and provided oil companies with an unfair advantage. So it is not surprising that even a self-made billionaire such as Khosla with a pr Read the Full Story: The New New Thing
— Welcome to the age of the instapreneur. With nothing more than a design, amateurs can manufacture jewelry, robots, T-shirts, furniture — anything Read the Full Story: Manufacture and Sell Anything--in Minutes
— The Dow is actually crashing, but if you have not yet educated yourself on the insidious ravages that inflation can have on your portfolio, you can't see it. This is a blind spot investors must be mindful of, and guard against, if they are to prosper.
— Any Egyptian can get subsidized bread under a decades-old system that also provides subsidies for public transportation and gasoline for all. The system also provides subsidies for some other food staples specifically for the poor.
— IN 1992, James Carville launched Bill Clinton toward the White House with the slogan “It’s the Economy, Stupid,” posted on the walls of every campaign office. He was on target but missed the bullseye.
— In effect, the Federal Reserve decided last week to overstep its legal boundaries – going beyond providing liquidity to the banking system and attempting to ensure the solvency of a non-bank entity. Specifically, the Fed agreed to provide a $30 billion Read the Full Story: Hussman Funds - Weekly ...
— The Fed will claim it had to institute these measures to calm Wall Street. That is nonsense.
— "The feeling was, this is a bit of payback coming to a firm that seemed to be overly selfish and overly interested in their own gains," said Michael J. Panzner, the author of Financial Armageddon who has worked at HSBC and JPMorgan.
— The intruders were from the Chesapeake Police Department. They had come to serve a drug warrant.
— As feared, foreign bond holders have begun to exercise a collective vote of no confidence in the devaluation policies of the US government. The Federal Reserve faces a potential veto of its rescue measures.
— Contrary to popular opinion, outsourcing and internationalization has been a major source of economic growth in the last decade. If the falling dollar means an end to this era, the consequence could be highly regrettable.
— Judge Croskey obligingly explained: "A primary purpose of the educational system is to train school children in good citizenship, patriotism and loyalty to the state and the nation as a means of protecting the public welfare." Read the Full Story: 'To Train School Children in ... Loyalty to the ...