United States

Recently, I was discussing the economy with a lawyer expert in both commercial real estate and taxation, workouts, and bankruptcy. He made a few statements that I felt relevant enough to pass on here.

Here is the inaugural address of the new President, Barack Obama, from earlier today.

The United States Department of Labor released its monthly data on inflation today at 8:30AM. The data showed that inflation rose only 0.1% over the last year, the lowest reading since 1954. I should note that oil and food prices continue…

This past week, jobless claims in the U.S. soared as they always do after the holiday season. For the week ending Jan. 10th, initial jobless claims were 524,000, up 54,000 from the prior week. However, this figure is completely distorted…

There is no way to look past the way that the U.S. TARP (Troubled Asset Relief Program) has been administered and not understand we are seeing crony capitalism at work. One only need look at the way the British are doing things to see a…

I think this video is an example of the most self-reflective you will see the current U.S. President George W. Bush become. In it, he talks about his mistakes, grappling in front of the camera with how historians may look back on his stint…

General Motors, struggling under the weight of a mountain of debt, is finding it difficult to raise cash. For one, the U.S. automaker is finding no buyers for its Swedish Saab unit, according to Swedish Daily "Dagens Nyheter."…

I guess it's not just another stunt by Larry Flynt. The porn industry is hurting as the downturn bites. Sales are down 20%. And the annual Porn convention, the AVN Adult Entertainment Expo, going on now in guess which city has seen a…

If you recall, last month the figure was quoted at 533,000 jobs lost in November and unemployment came in at 6.7% (now revised up to 6.8%), up from 6.5% in October. The consensus estimate for December, according to Bloomberg was for 7.0%…

Jobless claims fell yet again last week to 467,000. And on the surface this would be comforting. However, the data are marred by seasonal adjustments. The actual non-adjusted data tell a completely different picture of a deteriorating…