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As housing crisis festers, mortgage servicers spend $8 million on political contributions

The Center for Public Integrity | Posted 10.05.2011 | Business
The Center for Public Integrity

By Michael Hudson and Aaron Mehta, iWatch News 5:03 pm, August 5, 2011As the financial markets roil, one of the critical factors weighing down ...

High Tech, Low Pay: Let the Workers Behind Our Electronics Be Heard

Smita Narula | Posted 10.04.2011 | Technology
Smita Narula

Apple may be reporting record company sales in 2011, but one thing the company is not making noise about are the details surrounding a string of recent tragedies at the Chinese factory where so much of Apple's current success story is based.

William Alden

Progress Reversed: Economy Tips Toward Recession With Little Relief In Sight | William Alden | Posted 10.03.2011 | Business

NEW YORK -- Three years after the worst economic downturn in generations, the American economy increasingly appears vulnerable to another recession. ...

HSBC Fires In Europe, To Hire In Asia

The Huffington Post | William Alden | Posted 10.02.2011 | Business

HSBC, Europe's largest bank, is firing people in Europe and the U.S., and hiring people elsewhere. With profits from its Asian and Latin American b...

William Alden

Worst Of Two Worlds: Deficit-Reduction Plan Would Threaten Economy And Not Remove Downgrade Threat | William Alden | Posted 10.01.2011 | Business

NEW YORK -- The deficit-reduction deal that emerged late Sunday runs the risk of exacerbating two opposite problems at the same time: It cuts enough g...

Revaluation of the Chinese Yuan Would Improve the U.S. Trade Balance

Robert E. Scott | Posted 10.01.2011 | Business
Robert E. Scott

Revaluation by China and other Asian currency manipulators could help reduce the U.S. current account deficit, which increased $94.3 billion (25.1 percent) in 2010.

U.S. Stocks Rally After Leaders Reach Debt Ceiling Agreement

AP | DAVID K. RANDALL | Posted 10.01.2011 | Business

NEW YORK — Leave it to the economy to stop a debt-deal rally. The Dow Jones industrial average started the day up nearly 140 points after Presi...

Thousands Of Israelis Protest High Cost Of Living

AP | IAN DEITCH | Posted 09.30.2011 | Business

JERUSALEM — Tens of thousands of Israelis took to the streets nationwide on Saturday to protest rising housing prices in the largest turnout sin...

William Alden

Debt Ceiling Debate Sows Fear Among Small Business Owners | William Alden | Posted 09.29.2011 | Business

NEW YORK -- Michael Gardner, owner of Siegel's Clothing Superstore & Tuxedos in San Francisco, has written orders for underwear and socks, but he hasn...

Can Obama Extend The Debt Ceiling On His Own?

The New York Review of Books | Ronald Dworkin | Posted 09.28.2011 | Politics

As the debt ceiling fiasco continues unresolved and increasingly dangerous, with no agreement among the House, the Senate and the White House yet in s...

WATCH: Dunkin' Donuts, Netflix Highlight The Week On Wall Street

DailyFinance | Regina Lewis | Posted 09.28.2011 | Business

We connected with Chris Hill of Motley Fool regarding the week on Wall Street to get his take on a few big names. If you haven't been paying close att...

Obama: Time Is Running Out For A Debt Deal

Posted 09.28.2011 | Politics

WASHINGTON, July 29 (Reuters/Richard Cowan and Deborah Charles) - With four days remaining until the United States hits its debt limit, President ...

WATCH: The Wood-Powered Car That Runs On Any Organic Material

Translogic | Posted 09.27.2011 | Green

We're all aware that, if we don't shift to more renewable sources of energy, we'll eventually deplete the reserves of fossil fuels that power our vehi...

WATCH: How The DOJ Helped Birth A Massive Phone Scam

DailyFinance | Bruce Watson | Posted 09.27.2011 | Business

Recently, the Federal Communications Commission, the Federal Trade Commission and the Senate have all taken aim at "cramming," a multibillion dollar i...

William Alden

Prospect Of U.S. Credit Downgrade Has Local Governments On Edge | William Alden | Posted 09.27.2011 | Business

NEW YORK -- For municipalities struggling to get their finances in order and for the professionals who oversee their investments, the battle being wag...

William Alden

Analyst: Rating Agencies Don't Deserve Government Blessing | William Alden | Posted 09.26.2011 | Business

With federal lawmakers battling over a deal to give the U.S. government more borrowing authority, major credit rating agencies have lent a sense of ur...

William Alden

Stocks Lurch Without Debt Deal | William Alden | Posted 09.24.2011 | Business

This story has been updated. NEW YORK -- With just over a week left before the federal government is set to exhaust its borrowing authority, financ...

No End In Sight As Obama Restarts Debt Ceiling Talks

AP | By ERICA WERNER | Posted 09.22.2011 | Politics

WASHINGTON -- President Barack Obama and congressional leaders are scrambling to find a way forward on a debt deal after House Speaker John Boehner th...

William Alden

Greece Debt Plan Doesn't Solve Fundamental Problems | William Alden | Posted 09.21.2011 | Business

A deal struck by European leaders providing debt relief to Greece has soothed fears of a fresh crisis, but the nation's ailing troubles -- and by exte...

William Alden

As Layoffs Hit Wall Street, Lowest-Paid Workers Lose Jobs | William Alden | Posted 09.21.2011 | Business

NEW YORK -- Layoffs have returned to Wall Street as investment banks bemoaning economic malaise and disappointing revenues are moving to pare their pa...

House Bill Pushes For Green Homeowners Plan

The Huffington Post | Chris Gentilviso | Posted 09.20.2011 | Green

Private homeowners relish the freedom to refurbish their homes as they please. With that freedom comes the onus of financing the cost of those changes...

States Cut Programs Helping Families Pay Electric Bills

AP | By TOM COYNE | Posted 09.20.2011 | Green

SOUTH BEND, Ind. -- Many states hit hardest by this week's searing heat wave have drastically cut or entirely eliminated programs that help poor peopl...

The Real Crime: Concentration of Power

Ralph Gomory | Posted 09.20.2011 | Politics
Ralph Gomory

The problem today is not the tyranny of government, but rather the concentration of money, and hence power, in Wall Street and in the largest corporations. And it is clear that enough money can buy political power.

Delta Making Progress With New JFK Airport Terminal

Gadling | Grant Martin | Posted 09.18.2011 | Travel

Delta's continuing investment into the New York City market is starting to bear fruit with the airline's refurbishment of John F. Kennedy (JFK) Airpor...

William Alden

Richard Cordray, A Financial Cop Known For Toughness | William Alden | Posted 09.17.2011 | Business

In nominating Richard Cordray to lead the fledgling consumer protection agency, President Barack Obama has chosen a man with a reputation as a defende...