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The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
Economic woes in Rhode Island could drive the state's budget deficit to nearly $200 million, a gap equivalent to about 6 percent of expected state income.
California's government is so broken it can be fixed only by rewriting the state constitution, a coalition of business and civic groups said Wednesday as it filed language for two ballot initiatives that would begin the process.
So you think London, population 8 million, is crowded with the living?
Most of the developing world is paying more for food despite drops in commodity market prices during the global economic slowdown, with 200 million people joining the ranks of the hungry in the past two years, the U.N. World Food Program said Monday.
Kuwait's Global Investment House says most of its creditors have agreed to a restructuring plan, as the country's largest investment bank looks to resolve a $3 billion debt default.
Racing to come up with proposals to save higher education from a financial cliff, Colorado's college presidents held a brainstorming summit Thursday at the state Capitol to come up with new ideas that all of them could support.
Russian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country avoid the worst-case scenario.
Alabama's most populous county is reopening two courthouses and more than 650 employees will return to work after 10 weeks of unpaid leave amid a severe budget crisis.
Obama: We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses.
The global recession will increase infant and child deaths and cause more students to drop out of school in Africa, the U.N. children's agency predicted Monday, as the financial crisis delivers a delayed blow to the continent and is expected to linger longer.
Federal Reserve Chairman Ben Bernanke declared Friday that the U.S. economy is on the verge of a long-awaited recovery.
Banks borrowed less over the past week from a Federal Reserve emergency lending program designed to combat the financial crisis, a sign the institutions are having an easier time getting credit from private markets.
Amid signs the rest of the world may be recovering from the global financial crisis, Africa is still being hammered. South Africa's economy, the continent's largest, shrunk by another 3 percent in the second quarter, an omen that things may get even worse before they improve.
Alabama Gov. Bob Riley approved a new tax Friday to help rescue the state's most populous county from a severe budget crisis, a move that should put 1,000 laid-off county workers back to work.
Banks borrowed less over the past week from Federal Reserve emergency lending programs designed to combat the financial crisis, a sign the institutions are having an easier time getting credit from private markets.
Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back on other programs designed to ease the financial crisis.
When California college students return to campus this fall, they'll find crowded classrooms, less access to faculty and counselors, fewer campus services and more difficulty getting classes they need to graduate — all while paying higher fees.
The sheriff in Alabama's most populous county may call for the National Guard to help maintain order, a spokesman said Tuesday, as a judge cleared the way for cuts in the sheriff's budget and lawmakers reached a compromise they hope will end the budget crisis.
The Federal Reserve says banks boosted borrowing from its emergency lending facility over the past week, but cut back on other programs designed to ease the financial crisis. The overall picture suggests some credit problems are easing.
CIT Group Inc. said in a regulatory filing Tuesday that it might have to file for bankruptcy protection if not enough bondholders participate in a recently launched debt exchange.
Banks trimmed borrowing from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, a sign that some credit problems are easing.
Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.
Lawmakers vented Thursday about the government's inability to solve the nation's housing woes as fresh data showed foreclosure filings continued to rise.
Struggling commercial lender CIT Group Inc. says the government will not give it another bailout.
Don Quixote and politics[Manila, Philippines] The man with his ever present and faithful side-kick Sancho Pancha, is known for his big dreams, his fertile imagination and consequent strange language and/or funny behavior.
Brazil takes off WHEN, back in 2003, economists at Goldman Sachs bracketed Brazil with Russia, India and China as the economies that would come to dominate the world, there was much sniping about the B in the BRIC acronym.
Frum: Republicans are heading for a spectacular bloodbath in FloridaDavid Frum, resident fellow at the American Enterprise Institute, was a special assistant to President George W. Bush in 2001-2002. He is the author of six books, including "Comeback: Conservatism That Can Win Again," and the editor of FrumForum.com.
Apple - Movie Trailers - CollapseAmericans generally like to hear good news. They like to believe that a new President will right old wrongs, that clean energy will replace dirty oil, and that fresh thinking will set the economy straight. American pundits tend to restrain their pessimism and to hope for the best.
As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?"The economic crisis revealed late-capitalism's central offense: Human beings are being transparently treated if they were mere transactions. And they're going postal over it."
Economy is still shedding jobs and people are asking Obama to fix it. Folks, there is not much Obama can do about it. Government does not have a magic stick to swing and change the world. We have borrowed for 50 years and spent and inflated prices and salaries along with it.
Thousands of Right-Wingers Rally at Capitol to Hear Lies About Health-Care Reform, Courtesy of Bachmann and GOP Leaders"Days before a health bill is expected to pass the House, Republicans rallied their flock with the help of FOX News, Michele Bachmann and leading conservative groups."
Boehner Cooks Up Excuses for a Really Bad Bill "Yesterday, hours after the House Republicans healthcare "reform" plan was released and universally mocked, Rep. Boehner cried foul, insisting that this unauthorized leak was of a draft bill that wasn't finalized and hadn't been seen by members."
Conservative Loses Upstate House Race in Blow to Right "Democrats won a special election in New York State's northernmost Congressional district Tuesday, a setback for national conservatives who heavily promoted a third candidate in what became an intense debate over the direction of the Republican Party."
What is happening in Pakistan? The military is fighting insurgents to save the heart and soul of Pakistan and making enormous sacrifices.
California's deficit of common senseCalifornia is rich. Even in the midst of a drought, we have lots of water, and in the midst of a recession, we have lots of money. The problem is one of distribution, not of actual scarcity.
California Finance Director To Step Down Amid State's Worst CrisisSACRAMENTO, Calif. -- California Finance Director Mike Genest said Monday in e-mail that he is stepping down from his post. Genest is leaving after one of the worst financial crises California has ever faced.
Holy See diplomat: Poverty, not financial sector, at heart of economic crisis"the real [economic] crisis … is not the disruption of the international economic structures based largely on weak or even fictitious bases, but the sharp worsening of poverty in a world already haunted by intolerable misery."
A mother's life: Giving BirthOnce in a long while, I come across some powerful scenes that etch themselves in some special place in my memory. This video represents one of them.
Thousands March in 3-Day Showdown with Banking Industry"Thousands March in 3-Day Showdown with Banking Industry Tired of bailouts and fat paychecks for those that created the economic catastrophe, marchers made clear demands to tame an out-of-control financial system. "
Our Economy Was a Scam and Now We're Dead Broke"Beyond that, the big money is constitutionally protected. Our Constitution is first and foremost a property document protecting their money.
H1N1: The Reality of the Emergency"Many millions" of Americans have had swine flu so far, according to an estimate that CDC Director Dr. Thomas Frieden gave Friday. The government doesn't test everyone to confirm swine flu so it doesn't have an exact count.
The Untouchables: Right-Wingers Put Themselves in an Uncompromising 'World Apart'"The self-identifying conservative Republicans who make up the base of the Republican Party stand a world apart from the rest of America," the report says, not because they stand in fervent ideological disagreement with President Obama and the mainstream of the Democratic Party b …
7,500 offshore tax evaders come clean-US tax chief"Some 7,500 wealthy Americans turned over information about hidden overseas assets, including some valued at more than $100 million, ahead of a tax amnesty program's Thursday deadline, the top U.S. tax collector said."
Home rescue plan delaying, not solving crisis(Reuters) - Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.
Barbara Ehrenreich: The Relentless Promotion of Positive Thinking Has Undermined America"In her new book, Ehrenreich examines how the positive-thinking movement was started by Mary Baker Eddy, the founder of Christian Science, and an amateur metaphysician named Phineas Parkhurst Quimby in response to Calvinism; how being positive became mandatory in corporate cultur …
Color-Changing Roof Tiles Absorb Heat in Winter, Reflect it in SummerA team of recent MIT graduates has developed roof tiles that change color based on the temperature. The tiles become white when it's hot, allowing them to reflect away most of the sun's heat. When it's cold they turn black and absorb heat just when it's needed. More Articles
Why Authorities Haven't Stopped the Foreclosure 'Rescue' BoomDuring the go-go years of the real estate bubble, shady mortgage brokers [3] thrived, thanks to the sluggish response of regulators and law enforcement agencies.
Healthcare Reform Minus the Public Option—or the Public"An August 18 Los Angeles Times piece led off: "By dropping his insistence on a public insurance option, President Obama angered some of his most loyal supporters but sharply improved the odds of passing a far-reaching healthcare overhaul." It was curious, then, to find this simp …
8 Shocking Ways the Billionaires Have Schemed to Rob Us of Every Last $"American billionaires keep cooking up scheme after scheme to shake down Americans and plunder the national wealth, as if the last one was too easy and boring."
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