The worldwide credit crisis that burst onto investors' radar screens nearly a year ago wiped out some $3.3 trillion in wealth from global stock market...
Washington Post | David Cho | Posted 06.22.2008 | Business
Increasing struggles by consumers and businesses to make payments on a variety of loans, not just mortgages, are setting off a new wave of trouble in ...
Danny Schechter | Posted 06.16.2008 | Business
The US does not have energy independence or, for that matter, financial independence. Why? Partly because we live as if we are an island empire in an interdependent world.
John W. Whitehead | Posted 06.16.2008 | Politics
As resources are drained, the principles inherent in a democratic republic will be compromised by what is needed to sustain a militaristic empire like the US.
Max Keiser | Posted 06.16.2008 | Business
The disappearance of water and credit has a common cause: a broken neo-classic capitalist system that forgot to factor in the replacement cost of natural resources and the costs of pollution.
New York Times | Posted 06.02.2008 | Business
Some of the nation's biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive insti...
AP | SHINO YUASA | Posted 05.26.2008 | Business
TOKYO — A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other ce...
Max Keiser | Posted 05.19.2008 | Business
The sup-prime fallout and global credit crunch is hitting hard in Iceland. The latest news is that Björn Gudmundsson, an economist at Landsbanki, said the Bank of England might need to join the Nordic front to stop the crisis spreading.
Reuters via Yahoo | Posted 05.07.2008 | Business
U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the coun...
Bloomberg | Raychel Lane | Posted 04.11.2008 | Business
General Electric Co. reported its first decline in quarterly profit since 2003, missing analyst estimates with a 12 percent drop in earnings as a free...
Wall Street Journal | James Hookway | Posted 04.07.2008 | Business
To the list of speculative market bubbles popping around the world, add this: Thai religious talismans. Last year, prices for the small discs inscrib...
Financial Times | Chris Giles, James Politi | Posted 03.26.2008 | Business
Central banks' efforts to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the rece...
Wall Street Journal | E.S. BROWNING | Posted 03.26.2008 | Business
Over the past 200 years, the stock market's steady upward march occasionally has been disrupted for long stretches, most recently during the Great Dep...
Motley Fool | Rick Aristotle Munarriz | Posted 03.25.2008 | Business
Yesterday's fivefold increase in JPMorgan's (NYSE: JPM) bidding price for the Al Capone vault that Bear Stearns (NYSE: BSC) has become is as shocking...
Washington Independent | Charles R. Morris | Posted 03.25.2008 | Business
A drumbeat is building for some form of federal takeover of troubled home mortgages. Sen. Chris Dodd (D-Conn.) is leading the charge in the Congress, ...
Guardian | Andrew Clark | Posted 03.25.2008 | Business
More than 20,000 people are forecast to lose their jobs on Wall Street as the credit crunch bites into business at financial institutions over the nex...
Harry Shearer | Posted 03.24.2008 | Politics
Developers of affordable housing are having a difficult time getting their projects financed, and that means evacuees get to stay where they got dumped almost three years ago.
Stephen H. Baum | Posted 03.21.2008 | Business
The root cause of the credit crisis is greed gone wild.
ABC News | SCOTT MAYEROWITZ | Posted 03.21.2008 | Business
Is your head spinning these days trying follow what is going on with the economy? Subprime. Collateralized Debt Obligations. Liquidity. Every day it...
BusinessWeek | Chris Farrell | Posted 03.19.2008 | Business
Booms and busts are inevitable in a capitalist system. Right now, the Federal Reserve and, belatedly, the U.S. Treasury, are out to avoid facing the t...
New York TImes | David Leonhardt | Posted 03.19.2008 | Business
Raise your hand if you don't quite understand this whole financial crisis. It has been going on for seven months now, and many people probably feel a...
MarketWatch | Greg Morcroft | Posted 03.18.2008 | Business
Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday th...
AP | MARTIN CRUTSINGER | Posted 03.18.2008 | Business
WASHINGTON — The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of act...
Fortune's Stanley Bing | Posted 03.17.2008 | Business
I'm sure your eyes goggled when you saw it too. JP Morgan paid a couple or three hundred million for a company worth incalculably more. It's stunning.
Henry Blodget | Posted 03.17.2008 | Business
Wall Street is in a full meltdown. Bear Stearns is gone, so the markets are wondering who's next. The leading contender? Lehman Brothers.
HAPPY FOURTH OF JULY! In honor of the great American holiday, Huffington Post has pulled together...
US News and World Report printed a short piece about GOP fears that the...
Lee Grivas, the 26-year-old boyfriend of Christina Applegate, was found dead in...
Tracie Egan, and Moe Tkacik, two writers from Jezebel.com were invited to appear on my show, Thinking...
Florida's bachelor Governor Charlie Crist is getting married, and to a woman, too. That's how badly...
On the Fourth Of July Arianna appeared on CNN's Situation Room...
Until last month, Jason Burnett was a high-ranking political appointee at...
NICE, France — They'll always have Nice. Angelina Jolie and Brad...
"The rule is, jam to-morrow and jam yesterday - but never jam to-day." "It MUST come sometimes to...
PENSACOLA, Fla. — Oil companies once viewed drilling in the deep waters off...
Reuters | Jennifer Ablan | Posted 06.30.2008 | Business