Texas man pleads guilty to running bitcoin Ponzi scheme
A Texas man has pleaded guilty to running a bitcoin Ponzi scheme, in what has been described as the first securities fraud case surrounding the...
Category Archives: Economy & Money
Wall Street closes down 3.6%, worst plunge since 2011
US stocks closed with the Dow Jones Industrial Average down 588 points, recovering from the shocking plunge of...
Dow Jones, Nasdaq face worst weekly losses in 2011 after yuan devaluation
The Dow Jones industrial average suffered its worst loss in five years after the market plunged into a...
Fed announces no interest rate hike
The US Federal Reserve will not be hiking interest rates, it indicated in a statement on Wednesday following a two-day meeting. The statement doesn't change...
1 in 5 US children live below poverty line, more than during Great Recession
Around 22 percent of American children lived below the federal poverty line in 2013, up from 18 percent...
7.5 million Americans paid Obamacare penalty – IRS
2014 was the first year Americans have had to deal with tax credits and penalties pertaining to the...
Oil price plunges after ‘No’ vote in Greece, impending Iran deal
Oil prices fell 7 percent on Monday in the worst single-day decline in three months after Greece’s Sunday bailout referendum. Meanwhile, fears of oversupply have...
Greece has no money to make IMF payment, interior minister says
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF),...
It Is Mathematically Impossible to Pay off All of Our Debt
Did you know that if you took every single penny away from everyone in the United States that...
Graduating Class of 2015 Most Debt Burdened in History
(Transcript) - Americans owe $1.3 trillion in student loans, with $43 million people, young, old, and everyone in...
Common Core: Following the Money (Image)
The Common Core is an educational assembly in the United States that details what K–12 students should know in English language arts and mathematics at...
Dept. of Homeland Security shutdown looms, would idle 15% of workforce
In a move that could have ramifications for domestic anti-terrorism efforts, US House Speaker John Boehner said he...
HSBC Bank sheltered cash linked to dictators and arms dealers
Secret documents reveal that global banking giant HSBC profited from doing business with arms dealers who channeled mortar...
Texas man arrested for paying tax in $1 bills
A man in Texas has been arrested while trying to pay his tax in $1 bills for “disrupting the operation and efficiency” of the local...
Richest 1% to own more than half world’s wealth by 2016 – Oxfam
As global movers and shakers head to the World Economic Forum in Davos, Switzerland, Oxfam is warning that...
China and Russia to launch new credit rating agency in 2015
The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody's, S&P...
White House announces sanctions against N. Korea
US President Barack Obama signed an executive order on Friday authorizing the imposition of new sanctions against certain North Korean entities in the wake of...
Sony Pictures suspends filming after massive hack ‘affects payments’
Sony Pictures has temporarily stopped filming after hackers, with alleged links to North Korea, paralyzed its computer network....
Biggest bank hacked: JPMorgan admits data breach for 76 mn households
More than half of all households in the United States were affected by a data breach that occurred...
Ad Promises $6,000 a Month Tax Free To House Immigrant Children
An ad in the local Penny Saver in Murrieta, California caught the attention of residents today. The ad,...
FIFA official implicated in $100mn World Cup ticket scam
Brazilian police say they have identified a FIFA official who they believe could be at the center of a ticket-tout scandal worth $100 million. Eleven...
Congressman introduces ‘The Dog Ate My Tax Return Act’
A statement released from the office of Rep. Steve Stockman, R-Texas, says what’s good for the government should...
Total US debt soars to nearly $60 trn, foreshadows new recession
America - its government, businesses, and people - are nearly $60 trillion in debt, according to the latest...
Bill and Hillary Clinton top list of richest ex-first families
They may have left the White House “dead broke,” as Hillary Clinton claimed, but she and Bill Clinton cashed in so fast and big that...