The U.S. attorney who busted a stock trader in the "most lucrative insider-trading scheme ever charged" might do well to investigate the Halls of Congress to find even more lucrative schemes.
The United Food and Commercial Workers (UFCW) union has threatened 1,000 protests against Walmart on Black Friday, while the giant retailer has filed a complaint against such actions by the union with the National Labor Relations Board (NLRB).
A Spanish theater owner is protesting the VAT increase on his tickets to 21 percent by offering carrots for sale, which are subject only to a VAT of 4 percent, and giving purchasers free admission.
The Congressional Budget Office's latest offering of suggestions on how to cut the deficit falls far short of what is needed and admits that making adequate spending cuts will be a "formidable task."
Following his office’s publishing of his annual Wastebook last month, Senator Tom Coburn (R-Okla.) has now released another oversight report, this one exploring waste and “non-defense” spending in the Department of Defense (DOD), entitled the “Department of Everything.”
Hard-money investment manager Marc Faber predicts that markets could decline by 20 percent, perhaps more, as the economy faces the continued recession and worries about the "fiscal cliff."
Pew Research Center predicted Obama would win reelection by 50 percent to 47 percent. They were essentially correct, due to a changing national demographic.
In its latest 14-page report on the impact the “fiscal cliff” would have on the economy in 2013 and beyond, the non-partisan Congressional Budget Office (CBO) provided enough ammunition to both sides of the debate to guarantee a standoff in Washington. It would have simplified matters greatly if Doug Elmendorf, the CBO’s director, had simply said: “Pay me now or pay me later. You decide.”
A Heritage Foundation study has concluded that a full employment recovery from the Great Recession isn't likely until after the next presidential election in 2016, and even that may be too optimistic.
Although the Treasury warned that government borrowing would hit the debt ceiling before the end of the year, it also said it would use "extraordinary measures" to push off the debt ceiling conversation until the 113th Congress is seated, where it's more likely to be raised without a fuss.