Iceland: Bankers Jailed, Debt Erased, Strong Recovery
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger. Since the end...
View ArticleNational Debt Poised to Hit 16 Trillion This Week
The federal government’s debt could hit an unprecedented $16 trillion this week while the Republican Party is holding its national convention in Tampa, Fla. Elmo’s Nat’l Debt Teaching Tool On Monday...
View ArticleNational Debt: 16 Trillion Almost Here
Perfect. Republicans faced Hurricane Isaac during their national convention. Democrats face a Hurricane of Debt during their convention. The national debt is expected to top $16 trillion dollars this...
View ArticleWill the Global Economic Crisis Sink To A Whole New Level
The global debt crisis has reached a dangerous new phase. Unfortunately, most Americans are not taking notice of it yet because most of the action is taking place overseas, and because U.S. financial...
View ArticleAhmadinejad: How Long Can Debt Ridden U.S. Remain World Power
Ahmadinejad says US influence in world affairs waning due to massive debt and loss of legitimacy, adds West increasingly questioning legitimacy of “Zionist regime,” hints EU hurt more by sanctions than...
View ArticleIsrael to Confiscate Palestinian Funds as “Punishment”
Israel will keep $120 million dollars in Palestinian funds this month as punishment for disobeying orders to hold off on its UN bid, Israeli media reported Sunday. “I have no intention of transferring...
View ArticleVisualizing the U.S. Debt (Video)
The staged posturing with its tragic-funny theatrics and lurid special effects in Washington about the Fiscal Cliff—and whether to fall off, jump off, fly off, dive off, climb down, or somehow avoid it...
View ArticleReagan Beats Obama for Raising Debt Ceiling
President Reagan raised the debt ceiling the more times than any other President since 1960. He raised it 18 times, for a 67% increase. Watch Bloomberg’s Hans Nichols break down the numbers that make...
View ArticleStudent Loan Debt Beating Credit Cards as Spending Driver
It turns out Lambert’s mother-in-law research is pretty good. A February 27 report from Orono, Maine: Long conversation between the driver of the municipal shuttle bus, a chatty type, and a passenger....
View ArticleU.S. Economy: The Bubble and the Black Hole
What is going to happen when the greatest economic bubble in the history of the world pops? The mainstream media never talks about that. They are much too busy covering the latest dogfights in...
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