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...
Posts Tagged: "Economy"
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),...
Senate passes bill granting Obama ‘fast-track’ TPP authority
The US Senate passed a controversial “fast-track” trade bill in a 62-37 vote on Friday. It is a...
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 it still would not be enough to...
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...
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...
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 economic data from thethe St. Louis Federal...
New EPA Regulations Set to Take Drastic Toll on Economy
EPA draft regulations released this week mandate power plants cut carbon emissions by 30 percent by 2030. According...
Israel Eyes Becoming a Cashless Society
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase...
Oklahoma prohibits towns from setting own minimum wage standards
No city or county in Oklahoma will be allowed to set their own mandatory minimum wage or employee...
Inequality gap between super rich and poor continues to widen
Things aren’t getting much better for the gap between America’s rich and poor: a new study reveals that inequality within the United States is only...
Yet another banker jumps to his death: Patterns emerging?
By Joseph P. Farrell Many of you continue to send me articles, and for this I thank you,...
Washington Is Creating Jobs in China, Not America
By BENJAMIN CLEMENT The thing American politicians like about a free market is that it allows them to...
1971 Cost of Living
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Deep divisions over TPP as US pressures to close controversial deal – WikiLeaks
The US is ramping up pressure to secure a Trans-Pacific Trade Deal with conditions that could undermine the...
US government “profits” from student loans in 2013 surpassed $41 billion
The US government made enough profit off of student loans in the last year to provide full Pell...
FED official responsible for quantitative easing: ‘It was the greatest backdoor Wall Street bailout’
A former Federal Reserve employee responsible for managing the agency’s quantitative easing program has written an op-ed apologizing for what he called “the greatest backdoor...
Plan B: Central banks getting ready for financial Armageddon
If the US debt-ceiling debate goes past the eleventh hour, and the default of the world’s largest economy...
Key creditor China begins acting to hedge against US default
Hong Kong has sent the first sign from Asia that the region is creating extra financial buffers against...
China urges US to avoid bankruptcy
As the Government shutdown in the US enters its second week, the country is just 10-days away from...
Debt doomsayer: Treasury forecasts ‘back to 2008 recession or worse’ if US defaults
The US government default caused by the ongoing budget standoff in the Congress could have a "catastrophic” effect on the country’s economy, which would be...
TPP: The Most Sinister Corporate Power Grab Yet
By Diane Petryk-Bloom Imagine. While some of us are working to curtail fracking, assure GMO labeling, promote various...
10 ways govt shutdown would hurt America
With the threat of a federal government shutdown hanging over the US economy, here is a handy list of the possible effects American citizens and...