"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Schwarzenegger declares fiscal emergency as $14 billion shortfall projected for 2008. Turns out that a stalling economy, plus collapsing real estate are a pretty serious whack on the state’s financial head. I wonder what will happen to the plans and…
A Stockton CA realtor now offers RepoBus, a service to ferry prospective vultures buyers around, looking for foreclosed properties to buy.
This chart shows the spread in interest rates between “high and low quality 30 day nonfinancial commercial paper.” This may sound esoteric, but CP is what the business world runs on. This current unprecedented spike in rates shows that institutions…
Leftist economist and author Doug Henwood, editor of Left Business Observer and host of a radio show on WBAI, comments on LBO-Talk about the quarter point Fed rate cut yesterday. Wall Street was very disappointed this afternoon by the small…
The publicized and photographed overnight “runs” on Countrywide and the UK’s Northern Rock in mid-August were nothing compared to what’s taking place in the shadows of the real banking system. Credit contraction, with its inevitable companion of asset destruction, is…