Cotton Prices Expected to Soar
Last year, conservative pundit Glenn Beck warned his viewers to stock up on clothing for their kids, as he predicted that the price of cotton would increase dramatically. As usual, he...
Sectors
Federal Salaries Rise Fast Under Bush, Even Faster Under Obama
While average Americans have seen their wages and benefits stagnate, decrease, or even vanish altogether in recent years, federal workers have been doing very well for themselves. In August USA Today...
TARP Bailout Payback: “Drop in the Bucket”
Over the recent clamor of approval for the outcome of the Troubled Asset Relief Program (TARP), which Beltway insiders are proclaiming a success because of the high rate of repaid funds,...
Behind the Mortgage Foreclosure Crisis
The foreclosure crisis continues to threaten the U.S. banking sector with more headaches, admitted Sheila Bair, head of the FDIC, on October 25. According to a Reuters report, the expected wave...
Chevy Volt Misses the Mark
Now that the Chevy Volt, General Motors’ electric car, is about to arrive in selected dealers’ showrooms around the country, it has been getting a lot of press. Some are puff...
When Unemployment Pays Better Than Employment
Back in June, Republican Senate candidates Sharron Angle of Nevada and Rand Paul of Kentucky endured criticism from the mainstream media for their comments suggesting that government-run unemployment insurance was, perhaps,...
Handicapped Passenger Told: “Too Disabled to Fly”
October 15, US Airways asked one of its passengers flying from West Palm Beach to Kansas City to exit the airplane. Johnnie Tuitel, 47, a motivational speaker with cerebral palsy, was...
Gold and Commodities Soar With Fed Inflation News
Commodities markets have soared on news of a global currency inflationary war by central banks around the world, with gold prices climbing to more than $1,375 per ounce in overnight trading...
No Social Security COLA Next Year
Social Security recipients will go a second consecutive year without receiving a cost-of-living adjustment in 2011, according to various press reports. The announcement, which will formally be made when the federal...
Bank of America Suspends Foreclosure Sales
Amid the rising turmoil in the housing market, the Bank of America announced today it is suspending foreclosure sales in all 50 states. ...
Washington Could Learn From Havana and Moscow
Once upon a time the United States had some standing to lecture communist countries on the virtues of free markets. Today, however, our government is growing larger by the minute, while...
Gold and Competitive Currency Destruction
The price of gold as measured against the U.S. dollar hit a record $1,341 per ounce at the close of commodities market day October 5, just after the Bank of Japan...
Debate Over Government Pension Plans Heats Up
After losing billions during the economic crisis, bloated benefits of state and local government-employee pension plans across America have been thrust into the spotlight as officials consider the tough reforms necessary...
Secret Billionaire Luncheon Produces Dire Predictions
Bilderbergers, look out, here comes another super secret meeting of billionaires predicting the future of the world’s economy. ...
Arthur Sulzberger Contemplates the Future of the New York Times
The New York Times will stop publishing its print edition sometime in the future. That's the word from Arthur Sulzberger, publisher of the Times. ...