The Government and Goldman Sachs
On Thursday, October 24, 1907, Wall Street was in turmoil. Crowds of spectators gathered to watch panicked bankers and their lackeys rushing about,...
Economy
Facing Fiscal Meltdown, Municipalities Struggle With Pensions
Years of big spending by politicians at all levels have left the nation vulnerable to economic turmoil. While at the federal level this...
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The Millennial Generation, Jobs, and Reality
In a microcosm, Scott Nicholson, at age 24, represents his Millennial Generation well: He graduated from college two years ago and is still...
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From China, With Love
Addison Wiggin asked his readers to imagine an older happily married couple, having their usual morning breakfast together: They work well together, though...
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The Invisible Recovery
On Friday Reuters reported that non-government payrolls rose only slightly in June and overall employment fell “for the first time this year …...
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Fannie and Freddie De-listed From NYSE: Now What?
When ABC News announced that Fannie Mae and Freddie Mac would be de-listed by the New York Stock Exchange on July 8, writer...
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Public Employees Unions Lose Friends
Public-employee labor unions have long been an unchecked tap upon the public treasury. Sometimes these unions have an aura of moral purpose, like...
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Oil Drilling Ban Hits Gulf Coast Hard
The Gulf oil spill has caused serious economic problems. Fisherman and those in the tourist industry have been hard hit by the oil...
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Fannie/Freddie Bailout May Reach 1 Trillion
Just when Americans thought that the bailouts were over, Bloomberg Financial News service reported on June 13 that the final tab for Fannie...
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Fed Manipulations in the Crosshairs
Before the economic meltdown was in full swing, a Florida real-estate developer named William Pitts correctly read the signs pointing toward tough times...
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Little Improvement in U.S. Employment in May
The U.S. Bureau of Labor Statistics just released its employment figures for the month of May, and they would appear to be very...
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78 Bank Closings in 2010 — And Counting
Bank closures throughout the United States continue to be telling of the state of the economy. Friday witnessed the closing of three more...
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Economic Forecast: Summer of Discontent
After six straight months of gains in consumer spending the April numbers showed no change from March, according to the Commerce Department. This...
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Mortgage Defaults Increasing
According to the New York Times, “A growing number of the people whose homes are in foreclosure are refusing to slink away in...
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Top Banks Conspired to Defraud Taxpayers
More than a dozen top American banks were involved in a conspiracy to swindle taxpayers by rigging auctions in the $2.8 trillion municipal...
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