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 ...
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.
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.
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.
Some of the nation's biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive insti...
TOKYO — A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other ce...
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...
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...
To the list of speculative market bubbles popping around the world, add this: Thai religious talismans. Last year, prices for the small discs inscrib...
Central banks' efforts to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the rece...
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...
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, ...
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...
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...
Is your head spinning these days trying follow what is going on with the economy? Subprime. Collateralized Debt Obligations. Liquidity. Every day it...
Wilbur Ross - who's betting $1 billion that municipalities will beat their latest funding crisis - says politicians are trying to help but have it all...
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.
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...
WASHINGTON — Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything. Stocks kept gyrating, too, on T...
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...
Almost everything seems to be going wrong for the American economy at once. People are buying less, but most things are costing more. Mortgage rates a...
WASHINGTON — The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of act...
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...
A bear market is only possible if there is a consensus that a financial crisis is significantly worse than ever before. And that is why we are currently in a bear market.
For those with a little bit of actual cash in the bank, this might be getting within shouting distance of the time to start looking at that house we could never afford.
