Today, Americans are constantly bombarded by news of rising oil prices, potential shortages in pipelines, offshore drilling moratoriums, and pump prices potentially reaching four to five dollars a gallon. But what is constantly being ignored is the statistic for oil exports by the United States. Since 2008, the United States has been exporting refined gasoline [...]
In late July, Germany and France reached an agreement on bailing out Greece in the eleventh hour. The plan included cutting the interest rates on bailout loans to Greece from 5.5 percent to 3.5 percent and doubling the repayment period to fifteen years. They believed these interest rate cuts would also be applied to Ireland and [...]
Occupy Wall Street is not an attack on corruption or greed; rather, it is an attack on the American Dream and the principles upon which the United States was founded, a fact that these “99%” do not comprehend. The American Dream is not for all citizens to have free healthcare, free college tuition, to own [...]
On September 20th, Standard & Poor’s cut Italy’s credit rating from A+ to A with a negative outlook. It was not the downgrade to A that was shocking to investors, however; rather it was who initiated the downgrade. Investors had been expecting Moody’s to be the first to issue a credit downgrade, so when S&P [...]
The Chinese Bull economy is on the brink of collapse because investors are finally getting past the blinding glare of the belief that China is synonymous with growth and realizing the numerous problems that are plaguing the massive global economy. Corporate fraud is rampant, government conspiracies abound, and barely honest economic and business practices are [...]
Although Julian Assange’s recent publication of classified government documents received a reaction that was less than spectacular, the founder of Wikileaks has announced that sometime in 2011 he will release files containing evidence of corruption in a major U.S. bank. The majority of speculations are convinced that this next “leak” is targeted at Bank of [...]
“We are on the road to recovery.” These words have echoed from the mouth of Treasury Secretary Timothy Geithner for the last year and a half. But how far down this road to recovery are we? Unemployment has risen to its highest level since 1994, and many “Street insiders” believe the United States should grip [...]
This past Thursday, President Obama proposed an “interesting” strategy to try and get Wall Street on board with his and Congress’ financial regulatory overhaul. In an address at Cooper Union College in Manhattan, the President boldly claimed that he foresaw the crisis two years ago when he gave a speech at the same venue. He [...]
Ford Motor Company has sold off another one of its nonessential brands in an effort to bring profitability to the faltering company. In 2007, Ford sold Aston Martin, and in 2008 the auto maker shed Jaguar, Land Rover, and a significant portion of its ownership in Mazda. On Sunday, Ford created a landmark agreement with [...]
Throughout history, countries have had to adapt products and abide by regulations when trading with other nations. This could be as simple as toys produced in Asia not containing lead paint when shipped to the United States or tariff policies that require a tax to be levied on imported goods. But when regulations and adaptations [...]
