New York University economist Nouriel Roubini says the euro zone’s days may be numbered, and he’s not talking about some day far off in the future. “In a few days, there might not be a euro zone for us to discuss,” he said at a Los Angeles conference sponsored by the Milken Institute, Reuters reports. […]
by David J. Rusin • Apr 16, 2010 at 12:28 pm For Siraj Wahhaj, a New York-based radical imam, it is a time of recovery. Just as good medicine has improved his health, bad journalism is helping to improve his image. Wahhaj appeared in Philadelphia last month to announce the creation of a network of […]
Thursday, April 22, 2010 By Matt Cover, Staff Writer House Speaker Nancy Pelosi (AP Photo/Manuel Balce Ceneta) (CNSNews.com) – House Speaker Nancy Pelosi called a Capitol Hill press conference Wednesday to unveil new light fixtures in the House cafeteria. The light fixtures cost $140,000 and will take almost 10 years to pay off in saved energy. […]
REYKJAVIK, Iceland — For all the worldwide chaos that Iceland’s volcano has already created, it may just be the opening act. Scientists fear tremors at the Eyjafjallajokull (ay-yah-FYAH-lah-yer-kuhl) volcano could trigger an even more dangerous eruption at the nearby Katla volcano – creating a worst-case scenario for the airline industry and travelers around the globe. […]
1. The tax credit is not a panacea for small businesses Often cited as the cure-all for small businesses, the small business tax credit will do little to nothing to make purchasing insurance more affordable for small firms. A tax credit that is poorly structured is not going to provide sustainable and long-term relief from […]
Congress may be fined tens of millions of dollars a year under its own health-care law, in part because the bill dumps members of Congress and their staffs from their current health-care plans. But no one really knows for sure what the bill does, not even the experts. For instance, exactly who qualifies as an […]
The Securities and Exchange Commission on Friday charged Wall Street’s most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages. The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, Fabrice Tourre, for their failure to disclose conflicts in a 2007 sale of […]
Railway porter-turned-billionaire financier George Soros delivered a stark warning that the financial world is on the wrong track and that it may be hurtling towards an even bigger boom and bust than in the credit crisis. The man who ‘broke’ the Bank of England (and who is still able to earn a cool $3.3 billion […]
Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates. That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession. The shift […]
Commentary by Steve Rothman April 7 (Bloomberg) — The argument that American military aid to Israel is damaging to the U.S. is not only erroneous, it hurts the national security interests of this country and threatens the survival of Israel. U.S. support for Israel is essential, not only for Israel’s national security, but for America’s. […]
