fourwinds10.com | In addition to mandatory private health insurance premiums, we may soon be hit with a "mandatory savings" tax and other belt-tightening measures urged by the president's new budget task force. These radical austerity measures are not only unnecessary, but will actually make matters...

globaleconomicanalysis | We've now come full circle. Instead of trying to get people to stay in their homes, Obama is willing to pay them to leave. Please consider Program Will Pay Homeowners to Sell at a Loss.   In an effort to end the foreclosure crisis, the Obama administration has been tr...

mcclatchydc.com | Monkeys are getting high for science in North Carolina. An analyst at the Civitas Institute seized on that image when selecting a cocaine addiction study at Wake Forest University Medical School as No. 1 on a list of the "10 worst federal stimulus projects in North Carolina." Civi...

businessinsider | That's right. When you do a search for "Casino Bonanza Online" you get two ads for online casino-based sites, but the very first is an add for CitiFXPro.com, which is, yes, a retail Forex trading site run by Citi. Now, it's not really shocking that a multi-headed behemoth as big a...

March 8 (Bloomberg) -- A Federal Deposit Insurance Corp. plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W Hotel in Atlanta, may trigger writedowns that weaken lenders nationwide. Almost half of the loans were originated by Silverton B...

YahooNews | This year, more Americans and businesses may be asking: Where's my tax refund?     That's because cash-strapped states such as North Carolina, Alabama and Hawaii have been forced to slow down issuing income tax refunds to individuals and businesses because of a lack of fun...

FoxNewsWASHINGTON -- A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's grim budget submission last month. The nonpartisan Congressional Budget Office predicts that Obama's budget plans would generate de...

CHARLOTTE, N.C. (AP) -- Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession. The Federal Deposit Insurance Corp. too...

businessinsider | This is no surprise and suggests that the extension and expansion of the home buyer tax credit will probably cost taxpayers over $100,000 for each additional home sold. Just about every economist opposed the tax credit as expensive and ineffective. Here are some quotes from a po...

Huffingtonpost | One of the world's leading economists said Wednesday that the very structure of the Federal Reserve system is so fraught with conflicts that it's "corrupt." Nobel laureate Joseph Stiglitz, a former chief economist at the World Bank, said that if a country had applied for World Bank...

BBC | Josef Schlarmann and Frank Schaeffler told Germany's Bild daily that the Greek state should sell stakes in all its assets to raise more cash. Greek PM George Papandreou is due to meet Mrs Merkel in Berlin later this week for talks about the crisis. Mr Papandreou has already announced a stric...

WMBF | The United States Postal Service is pushing for lawmakers to approve a new proposal to eliminate Saturday delivery service. Managers with the organization say the move would save nearly $3 billion a year. Gerry Mulligan, manager of the Carolina Forest post office, calls the proposed change...

Milan (AsiaNews) – For at least four years, AsiaNews has sounded the alarm bells against the risks due to the huge size reached by speculative finance[1]. In 2008, we said that the attempt to save US banks could push the US debt beyond the point of solvency (see Maurizio d’Orlando, “US debt approach...

NEW YORK (CNNMoney.com) -- The U.S. Postal Service said on Tuesday that it would reduce its workforce by another 30,000 positions and slash overtime this year in an effort to reduce costs. Together these staffing reductions will result in cost savings equivalent to eliminating 50,000 full-time posi...

RAVENSWOOD, W.Va. — When Henry Kaiser arrived 55 years ago, this place was no place — "a rural problem area," the government called it, so poor and isolated that the population had dropped 15% since 1940. That all changed after Kaiser, the industrialist who'd turned out ships and planes at a record...

ABCNews | Even as many Americans still struggle to recover from the country's worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is looming, according to a new report from a group of leading economists, financiers, and former feder...

LONDON (Reuters) - EU internal market commissioner Michel Barnier was quoted on Wednesday as saying Brussels would conduct an internal investigation into the trading of credit default swaps related to Greece and other countries.

canadafreepress | Late last week, a slight furor arose when it became public knowledge that Citibank sent the following notice to customers: “Effective April 1, 2010, we reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking accounts. While we do...

Tomdispatch.com / Obama's Budget Revealed: Money for Wars and Weapons, While More Americans Face Joblessness and Hunger The latest federal budget opens the American public to yet more pain, while shielding the military and the rest of the national security establishment from the same.

economiccollapse | Is the United States economy headed for another Great Depression?  Well, according to Barack Obama, that is no longer possible.  According to Obama, the United States has avoided an economic collapse and is headed for another wonderful era of growth and prosperity. ...