A thought provoking story on how taxes affect the rich and the poor.Read more »
Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.Read more »
Outside the Washington headquarters of the Federal Trade Commission is a sculpture of a powerfully built, shirtless man forcibly restraining an unruly horse. It's called "Man Controlling Trade," and it captures a common attitude in government: Oftentimes, capitalist firms need to be saddled and broken.Read more »
A new study shows that when Americans buy products labeled "Made in China" 55 cents on the dollar goes to people in the United States.Read more »
We’ve all heard the news over the past week; Members of congress and the worlds largest news organizations have been hammering the claim that “if the debt ceiling isn’t raised, the federal government will go into default and our credit rating will drop, resulting in through-the-roof taxes and economic armageddon throughout the world!”. Is this true or a myth? The answer is: it’s a myth. And its obvious right on it’s face.Read more »
The Federal Reserve's massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.Read more »
The body of a woman who drowned was apparently in a Fall River public pool for two days and remained there while people were swimming in the pool before it was discovered, police said Wednesday.Read more »
Collier County, Florida -- Have you heard the one about a homeowner foreclosing on a bank?
Well, it has happened in Florida and involves a North Carolina based bank.
Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank.Read more »
Chas Freeman was President Nixon's interpreter during Nixon's historic visit to China in 1972. Now, nearly 40 years later, after an impressive diplomatic and defense career, he's interpreting China for the rest of us.Read more »
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