Across the country, long-term unemployment insurance is drying up. Some 200,000 unemployed Americans lost access to government benefits earlier this month, most in California. All…
The Associated PressStates scaling back pensions to save money amid budget crunches; workers …Washington PostBATON ROUGE, La. — State governments have long lured workers with the promise of lucrative pensions that provide nearly the pay in retireme…
This is a short excerpt from this week’s Professional Edition Fed Report to be posted Tuesday. The ICI reports mutual fund inflows weekly with a…
Fourth quarter 2011: New Turmoil Set to Rock Economic Foundation
The congressional super-committee is charged with coming up with $1.5 trillion of cuts eight weeks from now will almost certainly take a big whack at a category of the federal budget ca…
Two major trends are reversing, and trust in centralized institutions is eroding.
I tend to be years early on identifying trends, but three that will make a difference going forward are what I call “The Three Ds”: Delegitimization, Definancializat…
Students and parents, wake up: your only salvation lies in political engagement and action.
Of all the exploitative systems in the U.S., none is more rapacious than the Education Cartel. Like the proverbial frog that is unaware that it’s being b…
Finally, some vindication for Enron!
Bill Gates On States’ Accounting: ‘The Guys At Enron Never Would Have Done This’
LONG BEACH, Calif. — During a second appearance onstage at the annual TED conference, Bill Gates spoke out against worsening sta…
January 29, 2011
Stocks and Bonds, Parting Ways
By PAUL J. LIM
SINCE the financial crisis, bad news for the bond market has generally meant trouble for stocks.
That’s because equity investors have looked to corporate and foreign bonds to gauge the…
Excellent commentary from The Daily Reckoning…
“According to the official figures, the national debt currently stands at $14.01 trillion dollars. That’s more than $45,000 per citizen, or almost $127,000 per taxpaying American. If you add in de…
NYT columnist Paul Krugman looks at “The Texas Miracle” and finds that it isn’t really a miracle after all…
These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. …
