10 states facing bankruptcy
Bankruptcy problems confound any possibility of economic recovery, as tax revenues continue to decline and unemployment increases nationwide. California's financial problems are shared by nine other states facing imminent bankruptcy, according to the...
Scientific data: Earth absorbs CO2
A new scientific study showing the earth absorbs carbon dioxide today just as it did in 1850, despite current elevated levels of carbon dioxide emissions, threatens to undermine a fundamental global warming hypothesis about the nature of greenhouse g...
NEA adds Alinsky to reading list
The National Education Association has added Saul Alinsky's 1945 book titled "Reveille for Radicals," and his 1971 book "Rules for Radicals" to the group's "recommended reading" list . The NEA, with 3.2 million members , is the nation's largest educa...
Is the world running out of gold?
Following on the "peak oil" fear, economists worry the world has hit "peak gold." With gold hitting daily record prices last week pushing toward $1,125 an ounce, Ambrose Evans-Pritchard, international business editor of the Telegraph in London has wa...
China warns Obama on deficits
From all signs prior to his trip to Asia, China is preparing to lecture President Obama on his profligate ways, warning that China will not continue indefinitely to finance Obama administration trillion-dollar deficits. Last week, Chinese premier Wen...
Real unemployment at 22.1 percent
Economist John Williams, author of ShadowStats.com, estimates that the true rate of unemployment for October 2009 is 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics Friday. Unemployment at 22.1 percent, if truly reported...
Fed to keep rates at 0 for next 6 months
With Federal Reserve Chairman Ben Bernanke suggesting last Thursday that fed funds rates may stay at or near zero for the next six months, the stock-market bubble with the Dow at or above the 10,000 benchmark seems likely to continue, despite the Lab...