United States

The uproar by American taxpayers about the Paulson Bailout plan is likely to torpedo this plan. Even amongst Republican lawmakers, the plan is looking like a complete bust.Just moments ago, President Bush was on TV asking for American…

"Section 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."Sounds like Paulson wants…

While you have your eye firmly peeled on the financial mess splayed in front of you, other industries are busy setting themselves up to profit from close business ties to the Bush Administration before a new Sherriff comes to town.The…

Firms are being added left and right to the list of companies that cannot be sold short due to the market meltdown. GM, GE and Ford wanted in. Blackrock now has in too. If there is one feature about the new crisis protections put in…

Given the fact that the regulatory authorities in the U.S. and the UK have taken the unusually manipulative step of banning all short sales of financial institutions outright, it bears remembering that all actions have consequences, both…

The latest government intervention into the capitalist system is the move by the UK and U.S. governments to ban short-selling of all financial stocks outright.In the wake of the severe market turbulence unleashed by the failure of Lehman…

The bankruptcy of Lehman Brothers, with assets of over $600 billion is the largest in U.S. history. Wikipedia has catalogued the list of the largest U.S. bankruptcies of all time. (Hat tip: Börsennotizbuch) Drum roll, please. The current…

U.S. jobless claims registered an increase to 455,000, bringing the widely followed 4-week average to 445,000, its highest level since 2002. Recently, the jobless claims numbers have been creeping up indicating the labor market in the U.S.…

The real economy in the U.S. is already in recession, even as we fight the effects of a financial market meltdown. Industrial production numbers for the United States came out and it was down a massive 1.1% for August. That means a…

Is the U.S. in recession or not? Well, the U.S. printed a 3.3% number for growth in the second quarter according to the data released last week. Since then, I have been asking myself why we shouldn't believe the U.S. is in an expansion…