Will Greek bank run go global?
The biggest worry from Greece's potential departure from the euro is a global bank run. In recent years, Greece has experienced a major bank run. Indeed, in February, the Economist reported that Greek banks have lost 27 percent of their deposits sinc...
California unemployment runs out
Thousands of California residents are about to lose their federal unemployment benefits because of the loss of a federal extension. Mathew Pauley is among the 93,000 people in California set to lose benefits on Saturday. Until recently, he thought he...
Obama's bribe to silence Rev. Wright
When sermons of Obama s Chicago pastor, Jeremiah Wright, surfaced during the Iowa primaries, it threatened to derail Obama s campaign. ABC aired one where Wright screamed, Goddamn America! Edward Klein interviewed Wright, who told him Obama s team tr...
U.S. growth plunges to 2.2%
U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a moderate pace, but stronger demand for automobiles softened the blow. Gross domestic product expanded at a 2.2 percent annual rate, the C...
Government 'biggest drag' on economy
Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace. Friday's gross domestic product report confirmed what a drag governmen...