News

Relax, Obama Was A Brilliant Choice For Nobel Peace Prize

The world is now engaged in universal mockery of the Nobel Prize committee’s decision to award the Peace Prize to President Barack Obama. Even his supporters can’t fathom what he did to deserve it, and many are suggesting that he turn the prize down and say “Thanks, but no thanks… […]
Relax, Obama Was A Brilliant Choice For Nobel Peace Prize
Markets

Look Who Really Controls Tim Geithner

We hear a lot of generalized complaints that Wall Street or the banks have captured the Treasury Department and the Federal Reserve. These have a ring of truth to them in the way that all heavily regulated businesses tend to control the arms of the government that officially oversee them.
Look Who Really Controls Tim Geithner
News

Jon Stewart Rips The Dems Over The Climate Bill

Whenever the climate bill is finally debated in the Senate, it will be on the Democrats to own the debate and control the issue. So far, they’ve done terribly. In this clip, Jon Stewart bops the Democrats for not being able to sell the climate bill to the public:
Jon Stewart Rips The Dems Over The Climate Bill
Markets

Fannie And Freddie Scheme To Help Independent Mortgage Lenders Grow

For some time now, the government owned mortgage finance companies known as Fannie Mae and Freddie Mac have been secretly making commitments to purchase loans from Provident Funding Associates that are financed by NattyMac, a Florida mortgage company. Now this complicated structure is set to be expanded  nationwide in a […]
Fannie And Freddie Scheme To Help Independent Mortgage Lenders Grow
News

The Plot To Destroy The Dollar Is Proof We Need Energy Independence

The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies. According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such […]
The Plot To Destroy The Dollar Is Proof We Need Energy Independence
Markets

Angry MSNBC Host Counterbalances All Of Peter Schiff’s Time On CNBC

Earlier we wondered whether the CNBC planned to give equal time to Peter Schiff’s opponents in the Connecticute Senate race. They’re not. But, over on CNBC’s more liberal sister network MSNBC, host Ed Schultz tore into Schiff last night (via CrossingWallStreet), so that pretty much balances things out.
Angry MSNBC Host Counterbalances All Of Peter Schiff’s Time On CNBC
Markets

Greek Socialists Blow Away Conservatives

The conservative party of Greece was trounced in tonight’s election. It was a stinging rejection of the centre-right party’s program of fiscal austerity and economic deregulation.The socialists promised stimulus spending to combat Greece’s first recession in 15 years and an unemployment rate that has risen to 9%.
Greek Socialists Blow Away Conservatives
News

Is Obama’s Iran Policy Just Bush 2.0?

Iran. If you’re like most people, you don’t think much of the country, except on days when the newsmedia is obsessed with the country, and BREAKING NEWS emails hit your inbox about some new (non-)development regarding the country’s nuclear ambitions.
Is Obama’s Iran Policy Just Bush 2.0?
Markets

Michelle Bachmann Ambushes Bernanke With ACORN Questions

Ah, Michelle Bachmann… only you would think ACORN was a useful subject to bring up when Ben Bernanke’s in town, and only you would be creative enough to wonder if the organisation would come under the purview of the consumer financial protection agency.
Michelle Bachmann Ambushes Bernanke With ACORN Questions
News

GOP Healthcare Plan: “Die Quickly” (VIDEO)

This will surely get those who worry about the decline of civility in Congress excited: Rep. Alan Grayson, who has made quite a name for himself going after the Federal Reserve, apparently lost his cool while discussing healthcare reform.
GOP Healthcare Plan: “Die Quickly” (VIDEO)
News

Public Option Dies

The Senate Finance committe appears to have just killed the public option, per C-SPAN. It doesn’t sound like it’s 100% dead though. Rockefeller’s amendment failed, but Schumer has one he’s introducing as well. But we don’t see why the vote will be much different.
Public Option Dies
News

Sarah Palin: GOP Megastar

If you think Sarah Palin’s bizarre resignation from the Alaska governorship, not to mention the shots she’s taken in the media over her worldliness, has somehow dimmed her popularity among the right, you’re probably an MSNBC-watching coastal elite.
Sarah Palin: GOP Megastar
News

A Smarter Way To Kick Start A Clean Energy Industry

With the Copenhagen summit on climate change less than three months away, and governments the world over engaged in intensive discussions and preparations, it feels like we are finally standing at a true crossroads.
A Smarter Way To Kick Start A Clean Energy Industry
Markets

Wall Street Owns Chuck Schumer

For some reason we thought it was old news that NY Sen. Chuck Schumer was one of Wall Street’s favourite Senators — at least as measured by campaign giving.
Wall Street Owns Chuck Schumer
Markets

DISASTER: Financial Regulation Is Getting Even More Complex

Despite all the huff and puff commentary about the dangers of complex financial innovation, a far more real threat to our economy has proved to come from complex regulations. And the problem of regulatory complexity has only become worse thanks to the plethora of programs produced in an effort to […]
DISASTER: Financial Regulation Is Getting Even More Complex
News

Iran Test-Fires Two Missiles

Clearly, Iran is interested in ratcheting up tension, two days after the G20 powers condemned it for maintaining a secret nuclear site.
Iran Test-Fires Two Missiles
Markets

Markets Head Higher Despite RIM, Iran

At least for now, the stock market doesn’t seem to care that RIM (RIMM) blew its earnings, or that Iran might one day possess the ability to make a nuclear bomb and start WWIII.
Markets Head Higher Despite RIM, Iran
News

Iran Accused Of Secret Nuclear Facility

The tension building between the US, Iran, and its neighbour Israel continues to grow, and every once in a while this story pokes out seemingly catching most people by surprise.
Iran Accused Of Secret Nuclear Facility
News

Kennedy Replacement Named

Paul Kirk has been chosen as interim Senator by Massachusetts Gov. Deval Patrick, according to Major Garrett of Fox News.
Kennedy Replacement Named
Markets

Major Banks Cave On Debit Card Fees

Major retail banks see the writing on the wall when it comes to debit card overdraft fees. Even before Chris Dodd introduces his legislation going after them, Bank of America (BAC) and JPMorgan Chase (JPM) are going to change their policies, so consumers in what sounds like a consumer-friendly manner:
Major Banks Cave On Debit Card Fees
Markets

The Fed’s Wall Street Pay Plan May Actually Make Banks Weaker

Last week the Fed revealed that it would begin to review the structure of compensation at large, important financial institutions to assess whether they were encouraging too much risk taking. This stunning powergrab–no elected official has ever voted to give the Fed this power–is a terrible idea.
The Fed’s Wall Street Pay Plan May Actually Make Banks Weaker
News

New York Governor Tells Obama To Shove It

New York Governor David Paterson, who ascended to office when a prostitution scandal forced Eliot Spitzer to resign, is beating back intense pressure from president Barack Obama and other fellow Democrats worried that he won’t be able to defeat a Republican challenger next year.
New York Governor Tells Obama To Shove It
News

Obama: Mandatory Insurance Isn’t A Tax Hike!

Earlier we argued that any scheme that forced private individuals to buy health insurance (even it was from a private insurer) constituted a “tax” and that economically it was no different than if the government levied an actual tax and then distributed healthcare directly.
Obama: Mandatory Insurance Isn’t A Tax Hike!
Markets

Stanford’s ex-DEA Sidekick: I Only Shredded Duplicate Documents!

As we reported last week, Stanford’s security chief , Tom Raffanello, the former chief of the DEA’s Miami office who led the agency’s cases against Manuel Noriega and Medellin cartel kingpin Fabio Ochoa, has been indicted for ordering the shredding of Stanford’s records and was arraigned today.
Stanford’s ex-DEA Sidekick: I Only Shredded Duplicate Documents!
Markets

How Linda McMahon Will Lay The Smackdown On Chris Dodd (VIDEO)

Former WWE (WWE) CEO Linda McMahon announced today that she had resigned and would challenge Christopher Dodd for his Connecticut Senate Seat. This afternoon she appeared on Fox Biz to explain how she’s going to lay the smackdown on the embattled Senator. She says she’s going to run a special-interest-free […]
How Linda McMahon Will Lay The Smackdown On Chris Dodd (VIDEO)
News

What’s In The Baucus Healthcare Plan?

Montana Senator Max Baucus has finally revealed his compromise healthcare reform plan, a bill designed to expand coverage in a way that’s just moderate enough to get all Democrats and one maybe one or two Republicans on board.
What’s In The Baucus Healthcare Plan?
Markets

WWE CEO Linda McMahon To Run For Senate Against Chris Dodd

Wow. The Senate race in Connecticut is going to be really fun. The cast of characters now seeking to replace the embattled Chris Dodd now includes Peter Schiff and Linda McMahon (wife of Vince), who just this morning resigned from her role as CEO of World Wrestling Entertainment (WWE). Establishment […]
WWE CEO Linda McMahon To Run For Senate Against Chris Dodd
« Previous PageNext Page »