Fidel Castro no longer believes in communism. "The Cuban [economic] model doesn't even work for us anymore."Read more »
From the guys (Peter Schiff et al) who were mocked and predicted the current financial crisis, comes new revelations that the worst is yet to come; the biggest bubble of all is about to burst: The Bailout Bubble.
Check out this short but pretty powerful documentary that touches on why we're not of the crisis, but why things are probably going to get worse before they get better.
The 22 statistics that you are about to read prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.
The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace. (Click link on article to see 22 Statistics.)Read more »
Dmitry Medvedev, the Russian president, said Moscow was bidding to help lead efforts to build a new world economic order after the old system collapsed in the global financial crisis....Read more »
"The determination to direct delisting is related to stock exchange requirements for maintaing price levels and curing deficiencies," said FHFA acting Director Edward DeMarco.Read more »
Countries in debt may fall to dictators, EC chief warns -- 'Apocalyptic' vision as some states run out of money --- Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.Read more »
Taking an economics course in college may have swayed your political leanings, according to a new study by the Federal Reserve's Bank Of New York. In fact, that undergrad Macro class may still be shaping how you view the world.Read more »
ATLANTA – Six Democratic senators want to hit U.S. airlines with a tax if they charge passengers for their carryon bags.
The senators said Wednesday that this would keep more airlines from following Spirit Airlines' lead. The small Florida airline said last week that starting Aug. 1 it will charge its customers as much as $45 to bring a bag aboard its aircraft and put it in an overhead bin.Read more »
The plant made Toyota Tacoma trucks and Corolla sedans. The last Tacoma rolled off the assembly lines last week, and Corolla production ended Thursday.
State officials are pursuing federal grants to help those impacted by the closure.Read more »
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