By Simon Rabinovitch
The United States fired the first shot in the currency war and the rest of the world must be on guard for its deliberate strategy to devalue the dollar, a Chinese economist said in an official newspaper on Thursday.
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By Mike Whitney
Ben Bernanke's speech on Friday in Boston could turn out to be a real barnburner. In fact, there's a good chance the Fed chairman will announce changes in policy that will stun Wall Street and send tremors through Capital Hill.
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By Jill Treanor and Julia Kollewe
Bank shares fall over concerns US watchdogs will decide thousands of Americans have been evicted unfairly by employees rubber-stamping repossession documents.
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By Wheres The Note
Whether you are facing foreclosure, have an underwater mortgage, or are just a concerned homeowner, it’s important that you contact your bank and demand to see the original note on your mortgage. It only takes a few minutes using our free online tool.
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By Nomi Prins
The government owns or is backing trillions of dollars worth of assets predicated on the same or similar suspicious loans that defaulted during the 2008 crisis period, which they did nothing to stop (or force banks to restructure).
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By Terrence McNally
Germans have six weeks of federally mandated vacation, free university tuition, and nursing care. Why the US pales in comparison.
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By Michael Parenti
The California Public Utilities Commission (PUC) permits PG&E to charge rates that are 30 percent higher than the national average. PG&E’s shareholders enjoy a guaranteed 11.35 percent yearly return on equity. That’s slightly higher than the 11 percent that swindler Bernard Madoff pretended to offer his investment victims.
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The billionaire brothers who are waging a war against Obama.
By Jane Mayer
The Kochs have long depended on the public’s not knowing all the details about them. They have been content to operate what David Koch has called “the largest company that you’ve never heard of.”
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Dollar tanks, stocks drop as Bernanke speech looms: European and U.S. stock markets mostly fell Thursday as investors awaited a speech from the Federal Reserve chairman that is expected to give more clarity on what the central bank is planning to do to prop up the ailing U.S. economy.
Russia's Currency Reserves Exceed $500 Billion for First Time Since 2008: . It’s the first time the reserves have broken $500 billion since mid- October 2008, a month after the collapse of U.S. brokerage Lehman Brothers Holdings Inc. triggered the global credit crisis.
US trade deficit widens sharply to $46.3 billion: The politically sensitive deficit with China climbed to an all-time high, a development that was certain to increase pressure on the Obama administration to take a tougher line on trade issues including China's tightly controlled currency.
U.S. Home Seizures Reach Record Amid Foreclosure Review: Lenders took over 102,134 properties last month, RealtyTrac Inc. said in a report today. That was the highest monthly tally since the company began tracking the data in 2005, surpassing the August record of 95,364.
Applications for jobless benefits rise to 462K: More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.
Boomerang kids: 85% of college grads move home: Stubbornly high unemployment -- nearly 15% for those ages 20-24 -- has made finding a job nearly impossible. And without a job, there's nowhere for these young adults to go but back to their old bedrooms, curfews and chore charts. Meet the boomerangers.
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