G-20 Summit Opens in Pittsburgh
As world leaders gather today in Pittsburgh, Pennsylvania, for the latest G-20 meeting, expectations are running high among global elites that this, the...
Economic Commentary
G-20 May Agree on Limiting Bankers’ Bonuses
According to U.S. Treasury Secretary Timothy Geithner, the leaders of the G-20 nations now assembled in Pittsburgh are close to agreement on a...
Read moreFederal Reserve Snubs Public Review
The U.S. central bank has once again refused to open itself up to even the slightest amount of transparency. According to Bloomberg news,...
Read moreBernanke Says Recession Is Almost Over
Ben Bernanke, Federal Reserve Chairman, expressed confidence that the worst recession since the 1930s is almost over. In a speech before a Brookings...
Read moreCash for Clunkers
Item: The National Public Radio news blog, “The Two-Way,” reported on August 7: “The relatively good news that the unemployment rate dropped slightly...
Read moreAudit Citigroup? What About the Fed?
News stories on August 19 reported that Neil Barofsky, Special Inspector General (SIG) of the U.S. treasury Department’s $700 billion Troubled Asset Relief...
Read moreAuditing the Fed Moves Ahead
At a town hall meeting held in his Massachusetts district, House Financial Services Committee Chairman Barney Frank provided a surprising response to a...
Read moreObama’s 10-year Deficit at $9 Trillion
The Obama administration is expected to release a report soon estimating that the 10-year budget deficit for the United States will be roughly...
Read moreU.S. To Become “Banana Republic,” Says Senator
According to Senator Judd Gregg (R-N.H.), the United States is on its way to becoming a “banana republic” within 10 years. ...
Read moreStimulus Scam Redux?
Item: President Barack Obama, reported the Bloomberg news agency for July 11, “said his $787 billion stimulus bill ‘has worked as intended’ as...
Read moreU.S. Incomes Fall 1.3 % in June
According to the latest figures from the U.S. Department of Commerce, Americans’ personal incomes dropped 1.3 percent in June, the biggest drop in...
Read moreBailed-out Bankers Bag Big Bonuses
Nine financial firms that received a total of $32.6 billion through the government's Troubled Asset Relief Program (TARP) paid their top traders and...
Read moreDollar Values Plunge Worldwide
Just call it irony. The same day the value of the dollar plunged to a current-year low as measured against six other major...
Read moreBernanke’s Public Relations Offensive
Federal Reserve Chairman Ben Bernanke must know he’s in trouble. This week he completed a “town hall”-style meeting for PBS television to promote...
Read moreCBO to Congress: Spending & Debt “Unsustainable”
Congressional Budget Office Director Douglas W. Elmendorf gave a fiscal wake-up call to Senate Budget Committee members in testimony on July 16, noting...
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