Japan & China: Following Obama’s Lead on Spending?
Chinese Premier Wen Jiabao’s remark that he was “worried” about the $1 trillion in U.S. debt he was holding caused such a chill...
Economy
Down Goes the Dow
Down, down, down goes the Dow (and all the other stock indexes), and how much further the markets are likely to fall before...
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AIG’s Latest (Fourth) Federal Bailout
For the fourth time in six months, the federal government is giving billions of taxpayer dollars to AIG, following the latter’s announcement of...
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$750 Billion Bank Bailout in Obama Budget
Figuring prominently in President Barack Obama’s newly released budget proposal for fiscal 2010 is another massive bank bailout. The Bush administration’s gargantuan $700...
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Creeping Nationalization
Though the Obama administration continues to deny it, the U.S. government continues to move closer to nationalizing the nation’s largest banks. The last...
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Automakers Seek Another $21.6 Billion
General Motors and Chrysler submitted “financial viability” plans to the U.S. Treasury on February 17 that included combined requests for another $18.6 billion...
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Obama’s Homeowner Lifeline Not a Lifeline
“President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure,” the Associated Press reported after the...
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Obama: Buying a Second Term?
On Tuesday, February 18, President Barack Obama achieved one of his first major goals in office by making his $787 billion stimulus plan...
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Coming Soon: Nationalization of the Banks?
Will the banks be nationalized? That question would have seemed preposterous prior to the $700 billion Troubled Asset Relief Program to bailout major...
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Experts Warn of Oil Price Rise
Oil prices dropped from $141 per barrel to below $40, but experts say that this decline is going to end in 2009, according...
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True Unemployment Rate Higher Than Reported
The unemployment rate in December rose to 7.2 percent, according to the Labor Department. This represents a steep 0.4 percent rise from November's...
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Bailing Out Chrysler Becoming a Bad Habit
The federal government handouts to the auto industry continued over the weekend with the announcement of a $4 billion bridge loan to Chrysler...
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Jobs’ Health and Apple’s Stock
On Monday Apple's stock rose dramatically, gaining 4.22 percent by the end of trading and closing at $94.58. Analysts attribute this dramatic rise...
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Madoff’s Ponzi Scheme Victimizes ACLU, Others
In a December 23 communication sent to the American Civil Liberties Union's benefactors, administration and finance director Alma Montclair reported that the organization...
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Auto Bailout: Lemon or Lemonade?
Will the bailout of the Big Three automakers — General Motors, Ford, and Chrysler — refresh the auto industry or further sour the...
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