Most Popular Stories
- Social Security the Greatest Ponzi Scheme Ever?
- Richardson Withdraws Nomination for Commerce Secretary
- Apple's Steve Jobs Cites Hormone Imbalance for Weight Loss
- Obama Presses Congress on Recovery Stimulus Package.
- Spanish-Language Radio Stations Refocus their Missions
- Economy's Toll: No Bailout for the Overqualified Jobless
- U.S. Carmakers End 2008 With Steep Drops in Sales
- Wall Street Climbs as Stimulus Plan Becomes More Likely
- Richardson's Withdrawal a Mixed Blessing for Some Activists
- WWE Stars Matt Hardy, The Miz and John Morrison Headed to Cable's Mun2
Reid Denies Pressing Blagojevich on Senate VacancySen. Harry Reid on Sunday denied a report that he pressured Illinois Gov. Rod Blagojevich on whom to appoint to succeed President-elect Barack Obama in the Senate and a suggestion that race was a factor in their conversation early last month. |
Oil Prices Jump on Supply TensionsCrude oil prices jumped on the New York Mercantile Exchange Tuesday morning on tensions in the Middle East and a natural gas supply disruptions in Europe. |
What Israel Still Must DoEveryone knows what must be done if there is to be a lasting peace between Israelis and Palestinians. Israel's forceful response to rocket attacks from Gaza does not change that. |
U.S. Stocks Slip on Corporate EarningsU.S. stocks ended lower on Monday as concerns about a decline in corporate profits overshadowed the prospect that President-elect Barack Obama's tax cut plan will help avert the economic downturn. |
U.S. Carmakers End 2008 With Steep Drops in SalesU.S. carmakers ended 2008 with further year-on-year declines in December and the lowest yearly sales figures in 15 years. |
Obama to Tap Leon Panetta for CIA Top SpotU.S. President-elect Barack Obama will name former White House Chief of Staff Leon Panetta to head the Central Intelligence Agency, said media reports on Monday. |
U.S. Construction Drops 0.6 Percent in NovemberU.S. construction spending dropped by 0.6 percent in November, the Commerce Department reported Monday. |
Social Security the Greatest Ponzi Scheme Ever?For weeks the U.S. and international media have been following the story of Bernard Madoff and his "giant Ponzi scheme," as The Wall Street Journal called it, which may have cheated unsuspecting investors out of tens of billions of dollars. The Securities and Exchange Commission termed it "a stunning fraud that appears to be of epic proportions." But is this -- as it is being touted -- the largest Ponzi scheme in history? The answer is no. That honor goes to a Depression-era creation of the U.S. government itself: the Social Security system. |
Richardson Withdraws as Obama's Commerce SecretaryU.S. New Mexico Governor Bill Richardson has withdrawn as President-elect Barack Obama's nominee for commerce secretary, NBC reported on Sunday. |
Wall Street Enjoys Upbeat Start to 2009Wall Street started the new year optimistically Friday as investors brushed off a weaker-than-expected report on manufacturing and sent stocks sharply higher. The Dow Jones industrials jumped more than 225 points. |
Manufacturing Index Hits 28-Year LowU.S. manufacturing activity declined for the fifth consecutive month in December, falling to a 28-year low, the Institute for Supply Management said Friday. |