Sandy douses Northeast, disrupts markets, campaigns and polling
Last year, Hurricane Irene was promoted by meteorologists and media-hype as the “storm of the century” but failed to develop the promised punch. This year, Sandy did not fail to…
Justice Department to sue BofA over alleged Countrywide mortgage fraud
The news this week for Bank of American keeps getting worse. Today the Justice Department announced it was filing a lawsuit against the bank. The suit alleges that Countrywide Financial,…
Blame it on Obama? Don’t forget Republicans to blame for this mess
Tonight is the third and final presidential debate before the election next month. The primary focus of this debate in Boca Raton, FL will be foreign policy, but most commentators…
BofA posts slight profit, but still struggles to find financial footing
The nation’s second largest bank continued its struggle to find stability in the wake of the Great Recession. Bank of America announced a slight $340 million profit in the third…
Romney picks Ryan for running mate
At a campaign rally in Virginia this morning Republican presidential nominee Mitt Romney announced he is choosing Rep. Paul Ryan (R-WI) to be his Vice Presidential choice. This choice proves…
Justice Department, SEC give up investigation into Goldman Sachs
The Department of Justice announced it will not bring civil or criminal charges against investment bank Goldman Sachs, despite its probable violations of various banking and securities laws that precipitated…
Romney’s recent attacks mimic Republican lies on “welfare queens”
Republican presidential nominee Mitt Romney attacked President Obama on the campaign trail, claiming that an executive order issued this week through the Department of Health and Human Services significantly weakens…
July jobs report confirms weak pace of jobless economic “recovery”
The Labor Department released July’s employment figures today and once again there is little good news. According to the report the economy added 163,000 jobs last month even though the…
Romney proposes tax increase on middle class despite election rhetoric
A recent Tax Policy Center analysis shows that the the kind of revenue-neutral tax reform Romney is advocating is nothing but a wolf in sheep’s clothing. The rhetoric sounds good…
Fed warnings on economic recovery accentuate stark political choices
In the minutes from its June meeting several Fed policymakers warned that the economy could worsen due to a number of factors, including Congressional failure to avert tax hikes and…