by Lauren Schenkman

A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. This…

by Declan McCullagh
Internet companies and civil liberties groups were alarmed this spring when a U.S. Senate bill proposed handing the White House the power to disconnect private-sector computers f…

With much of the world still mired in recession, the IMF took action to bolster its members’ reserves through an allocation of SDRs, or Special Drawing Rights. The allocation, equivalent to 250 bi…

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Continue reading Chart of The Day

By Andrew Ward and David Oakley

For a world first, the announcement came with remarkably little fanfare.

But last month, the Swedish Riksbank entered uncharted territory when it became the world�…

By Shannon P. Duffy

Ordinarily, the decision to settle a case while an appeal is pending means giving up the opportunity to set a legal precedent as well as forgoing the chance to win a reversal of a…

Here is my #1 proposal for health care reform – stop suppressing the knowledge and technology that supports health and prevents and cures disease.

If you are curious about what health care might lo…

This is a special flower called a Cereus. It blooms only once a year at night and by dawn the flower is gone, My friend David brought it to my house because he knew it would be opening and we wat…

Scientists who developed the Small Pox vaccine are refusing immunization inoculation against the Swine Flu due to major medical side effects. 1 in 3 UK nurses refuse the jab. . . . . .

Read One in …

by Michel Chossudovsky

“Over the course of the next few months, with the assistance of our partners in the private and public sector and at every level of government, we will move aggressively to pre…

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Swiss private bank Wegelin announced on Tuesday that it is to stop doing business in the United States.

The St Gallen-based bank, Switzerland’s oldest, said the decision had been taken in response to…

By Steve Silberman

Merck was in trouble. In 2002, the pharmaceutical giant was falling behind its rivals in sales. Even worse, patents on five blockbuster drugs were about to expire, which would al…

(Reuters Pictures)

Senator Ted Kennedy died shortly before midnight Tuesday at his home in Hyannis Port, Mass., at age 77.

Continue reading Ted Kennedy Dies at Age 77

by Dr. Anders Bruun Laursen

The average quantity of squalene injected into the US soldiers abroad and at home in the anthrax vaccine during and after the Gulf War was 34.2 micrograms per billion mi…

U.S. securities regulators are examining weekly meetings at Goldman Sachs Group Inc, where research analysts offer tips to traders and then to big clients, the Wall Street Journal reported on its we…

Argentina’s Supreme Court ruled Tuesday it is unconstitutional to punish an adult for private use of marijuana as long as it doesn’t harm anyone else. The unanimous ruling makes Argentina the se…

If someone else says to me that Americans are in a stupor and not doing anything, I will just spit.

Lots of Americans are doing things and have been doing things at great expense and risk. America is…

By Karen Gullo

The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled.

C…

“Non-event”

— Congressman Ron Paul’s (R-TX) description of Swine Flu outbreak

By Carrie Johnson

In appointing a prosecutor to investigate alleged CIA interrogation abuses, including episodes that resulted in prisoner deaths, Attorney General Eric H. Holder Jr. on Monday shoo…

By Matthew Cole,Richard Esposito and Brian Ross

A “profanity-laced screaming match” at the White House involving CIA Director Leon Panetta, and the expected release today of another damning int…

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“A little help from my friends.”

Ann, private investigator, on Paul Krugman’s new $1.7 million pad.

Read Paul Krugman Gets a New Place to Hang His Hat and Nobel

Extreme Sheep Herding – With Lights!
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By Tami Luhby

In Pennsylvania, day care centers are closing. Food banks and libraries are cutting back. A school district is taking out a multi-million dollar loan.

Local governments and social se…

Dear Catherine,

I enjoyed your appearance on Coast last night. It was a very insightful discussion as always. You will be shocked and saddened by the following, but I implore you to read on.

You t…

By Chris Powell

Germany’s central bank, the Bundesbank, today confirmed that much of its gold is held outside the country at “trading centers” where the bank conducts “its gold activities.”

The Bu…

It’s been three years since Sarah and Susan Banks had the revelation over coffee at their Aunt Mary’s restaurant, where Sarah had worked summers putting herself through college. They had returned to O…

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By Tyler Durden

The fact that more than the entire float of AIG has traded daily on several occasions, should be a bright red light for the regulators to analyze whether this abno…

By Stephen Ohlemacher

By law, Social Security benefits cannot go down. Nevertheless, monthly payments would drop for millions of people in the Medicare prescription drug program because the premium…

By BBC News

China holds more US government debt than any other country and cut its holdings of US securities by more that 3% in June, said the BBC’s Chris Hogg.

Japan and the UK – second and third…

While New York is the capital of banking, one could argue that Boston is the capital of equity investment, being home to numerous mutual fund companies such as Fidelity and Putnam, and home as well of…

By Dr. Mae Wen Ho

Within the past several years, however, scientists have found that oxygen (O2) in the atmosphere has been dropping, and at higher rates than just the amount that goes into the inc…

by Dr. Mae-Wan Ho and Prof. Joe Cummins

It is a messy combination of sequences from bird, human and swine flu virus lineages from North America and Eurasia. A senior virologist based in Canberra, A…

King Assasination – The Trial in 1999 (Part 2-10)

Trial Transcript

Ramadan starts today,  Friday, the 21st of August, and will continue for 30 days until Saturday, the 19th of September.

Muslims are called upon to use this month to re-evaluate their lives in ligh…

By Jason Kelly and Jonathan Keehner

U.S. pension funds contributed to the record $1.2 trillion that private-equity firms raised this decade. Three of the biggest investors, state pensions in Californ…

Warren Bamford, the special agent in charge of the FBI in Boston, said Tuesday that he is baffled by opposition to a proposal to give some neighborhood police officers the semiautomatic weapons.

Cont…

By Diana Furchtgott-Roth

Buried in the 1,017 pages of the House Democrats’ health-care bill is a little-noticed provision that for the first time could give the government access to the checking or…

Philadelphia and the Delaware Valley

Mayor Michael Nutter said the clock is counting down to the implementation of a devastating ‘doomsday budget’ in Philadelphia.

During a morning press conference…

How do the current deficits compare with past administrations? And how did the national debt get so big anyway? This video tries to answer those questions by looking at the debt as a road trip …

Y…

Jackson Hole

Every year, the Kansas City Federal Reserve Bank sponsors a meeting of central bankers in Jackson Hole, Wyoming. The 2009 event starts tonight. For prior year topics, click here.

By …

View Full Size Chart of The Day: Credit May Crunch Again Before Getting Back To Normal

Having received another repayment, I just made my next loan at Kiva.org to an entrepreneur in Palestine starting a grocery store. Learn more about the syndicate I have joined, and how you or your So…

By Ed Mendel

The CalPERS chief actuary says pension costs are “unsustainable,” and the giant public employee pension system plans to meet with stakeholders to discuss the issue.

So, are the critics …

By William Selway

JPMorgan Chase & Co. agreed to lend California $1.5 billion, a cash infusion that will allow the most-populous U.S. state to stop issuing IOUs to businesses, taxpayers and mun…

The “Impossible” Healthcare Solution: Go Back to Cash

Here are the costs of childbirth as of 1952 at one of the finest hospitals on the West Coast, The Santa Monica Hospital:

Having a baby cost $3…

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by Meg White

I don’t like it when scientists feel the need to explain that they’re scared out of their wits, or use exclamation marks.

I also get a little nervous when they say stuff like, “We’re …

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Water Color by Lesta Frank

By Anne Stuhldreher

…Unless, that is, you’re friends with someone like Maria del Carmen Torres. In between serving up pupusas and plantain chips at local farmers’ mark…

Target, Burlington, MA

By Eric Janszen

The first half of 2009 goes like this:

1. After Christmas sales: 20% to 50% off
2. Liquidation sales: 50% to 80% off
3. Then 30% to 40% of retailers go out o…

If you planned to check out a library book, visit a city clinic or have your garbage picked up on Monday, you’re out of luck.

The City of Chicago is basically closed for business on Aug. 17, a redu…

If nuclear weapons exist, then nuclear war is a real possibility. And Delhi is a prime target. It is.

But where shall we go? Is it possible to go out and buy another life because this one’s not panni…

By Rebecca Smith

Only a third of nurses have said they are willing to have the vaccine against swine flu amid fears it has not been tested enough, a survey has found.

Continue reading Only a Third…

Sir! No Sir!

Sir! No Sir! is a documentary produced, and written by David Zeiger  about the opposition to the Viet Nam War in military ranks. Subtitled “the suppressed story of the GI movement to en…

Thank you for all of your wonderful comments at the blog.

Alas, not all those commenting had the readers and our best interests at heart. And despite lots of spam filters, the spam has become quite s…

The Lockheed Fire in Santa Cruz was one of nine big wildfires burning more than 100,000 acres in California last week. It was named after the largest defense contractor, Lockheed Martin, because it th…

The 2008 GAAP-based deficit (counting unfunded Social Security and Medicare liabilities, etc.), using accrual accounting, was $5.1 trillion, up from $1.2 trillion ($4 trillion-plus, using consistent a…

By Daniel Whitten and Simon Lomax

The U.S. Senate should abandon efforts to pass legislation curbing greenhouse-gas emissions this year and concentrate on a narrower bill to require use of renewable …

Congressman Paul Broun (R-Ga) also spoke of a “socialistic elite” – Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid – who might use a pandemic disease or natural disaster as a…

Dear Senator Boxer:

You were so right on when you scolded the general on TV for using the term, “ma’am,” instead of “Senator”. After all, in the military, “ma’am” is a term of respect when addressin…

By Laurence Gonzales

As a journalist, I’ve been writing about accidents for more than thirty years. In the last 15 or so years, I’ve concentrated on accidents in outdoor recreation, in an effort to…

By David Liechty

On December 23, 1913, Congress passed the Federal Reserve Act (ch. 6, 38 Stat. 251) and again fundamentally changed the monetary structure of the United States, creating a mixed pub…