Government Bailout is a big Mistake

" Washington – The Club for Growth condemned the massive government bailout proposed by the Treasury and the Bush administration as unnecessary, unfair to taxpayers, and fraught with serious costs to the American economy. Eighteen months into the credit crunch, many...

End of council tax in Scotland to widen divide with England

The Scottish National Party, a party seeking independence for Scotland which gained power in the Scottish parliament last year, is going to try to abolish council tax in Scotland over the next 12 months. Council tax is payed by residents in the UK to their local council,...

Dalai Lama defends Islam as peaceful religion

I don't understand how the Dalai Lama can be so blind about these issues.  Or is it that the Dalai Lama only made sure he do not offend anybody? Why is it in the media, particularly in journalism, we can be very bold, direct and sharp in pinpointing who is who and what...

Latinos outraged over CBS report

"As if Katie Couric didn’t already have enough problems. Weighed down by record-low ratings at the anchor desk of “CBS Evening News,” and by reports suggesting she will leave that post two years before her multimillion-dollar contract expires, Couric now has civil...

House Majority Whip Jim Clyburn wants end to the Obama-Clinton spat.

"Congressman to Bill Clinton: 'Chill a little bit' Posted: 09:30 AM ET Clyburn is calling for an end to the Obama-Clinton spat. Clyburn is calling for an end to the Obama-Clinton spat. (CNN) – House Majority Whip Jim Clyburn, whose criticism of Hillary Clinton’s recent...

Now is the biggest transfer of wealth from the poor and middle class to the a...

Goldman says the Cost Of The Crunch Is $2 Trillion. The firm's economic team put a $2 trillion price tag on the ultimate economic cost of the credit crunch, including $400 billion in losses directly tied to mortgages--well north of recent estimates by economists,...

Alarm at rising tide of sex-bias litigation

"The number of women taking employers to court claiming unfair pay is rising so quickly that it has left the system unfit for purpose, according to the head of Britain’s equality watchdog. Jenny Watson, chair of the Equal Opportunities Commission, has told The Times that...

Ex-Strikers Realise Go-Kart Dream

"Three men who lost their jobs in one of Wales's longest industrial disputes have opened a £1m motor sport venture. John Davis, Richard Lawson and James Clarke have set up an indoor go-karting centre in Caernarfon. The trio were on the picket line at Friction Dynamics when...

Local builders agree to forgive $2 million in second mortgage loans

Some Gaston and Cleveland homebuyers won’t have to repay nearly $2 million in second mortgage loans after three local builders agreed to forgive those loans in exchange for avoiding charges of unfair and deceptive lending practices. “They were illegally acting as...