A recent New York Times investigation of Securities and Exchange Commission (SEC) cases involving fraud by some of the nation’s biggest banks discovered dozens of instances over the last decade…
The word “gridlock” is commonly used to describe politics as usual in Washington. It signals not only an inability to compromise, but also an inability to govern. Democrats and Republicans…
Yesterday President Obama introduced a new plan to decrease the deficit by another $3 trillion that includes a combination of spending reductions, efficiency goals for programs like Medicare, and tax…
In a speech to a joint session of Congress tonight President Obama is expected to unveil a new White House economic strategy to bolster employment. With unemployment at 9.1 percent,…
The Department of Justice filed an anti-trust challenge in court today blocking a $39 billion deal by communications giant AT&T to acquire wireless giant T-Mobile. The move is part of…
Some temporary signs boosted investor confidence over the weekend, rallying stocks in the first round of trading on Wall Street following the deflationary storm called Hurricane Irene. Investors chose to…
In a closely watched speech in Jackson Hole, WY this morning, FED Chairman Ben Bernanke tried to boost investor confidence without announcing a new round of anticipated “quantitative easing” (QE).…
According to the U.S. Labor Department’s monthly household survey released today, unemployment and joblessness in California officially stands at 12 percent. That number is, of course, an underrepresented sample. It…
Negotiations to raise the debt ceiling came down to the wire Monday night with the winners and losers striking a compromise deal. President Obama proved he can “kind of” stand…
The widespread discontent with governments throughout the Middle East and North Africa continues, as troops in Yemen, Bahrain, and now Syria use lethal force against its citizens in an effort…