Is Active Monetary Intervention Necessary?

Friedman's "solution for reducing the prospect for active intervention as well as the margin of human error was to propose the establishment of monetary rules instead of monetary authorities," explains Vox Day the...

Senators Urged to Help Fight Foreclosed Homes

Senators are being urged by community advocates and economists to pass the bill that would empower judges to order lenders to modify the loans of homeowners filing for bankruptcy to save their houses from becoming foreclosed homes. " Senators are being called upon by housing...

By Any Definition, Barack Obama is a Socialist

Many Americans find it difficult to place their trust in President Barack Obama. Why? Because, by any definition*, he is a socialist intent upon forcing socialism on the people of the United States. Don't believe it? Then consider three definitions of "socialism," courtesy...

Subprime lending - Canada's dirty, little secret?

Does Canada have a dirty, little, subprime lending secret? Looks like it. As the U.S. financial sector began to crumble under the weight of subprime mortgage lending last fall, and so many regular Americans were...

"White-powder" letters hit more banks and N.Y. Times but could be harmless

UPDATE: 4:51PM PSTApparently the powder is harmless." An employee of The New York Times opened a letter Wednesday containing a white powder that officials later said was harmless.The discovery comes after more...

McDonald's loans halted because of credit crisis

Nobody is immune from the effects of the tightening credit markets in the US.  McDonald's, the symbol of American capitalism is the latest victim."CHICAGO (AdAge.com) -- The banking crisis is threatening to...

Cachematrix Trade Volume Tops $620 Billion in 2007

Denver, March 18, 2008—Cachematrix Holdings, LLC, the leading provider of institutional money market fund trading software and back office solutions for banks and financial institutions, announced today that...

Warning: Shocking News US ID Thieves Target Kids

US-based identity thieves are using the details of children to conduct fraudulent trades, according to New York Senator Hillary Rodham Clinton who reckons up to 400,000 kids may become victims of identity theft, AP reports. Read More Here

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