Madoff losses include major banks
Last week, new disclosures revealed scores of wealthy and supposedly sophisticated investors around the world lost billions in Bernard Madoff's $50 billion hedge fund Ponzi scheme. Those bilked by Madoff included large and well-known banks, investmen...
Bush seizes Tehran's assets
Last week, the Bush administration took a series of steps designed to seize Iranian economic interests in the United States. It was part of a series of moves that are calculated to put additional pressure on U.N. Security Council sanctions aimed at g...
'Pathways to Prosperity'
Once again, below the radar of public opinion and without congressional oversight, the Bush administration has launched a new and formal initiative to advance the cause of Western economic integration, this time under the new label of "Pathways to Pr...
U.S. to break up by 2010?
A Russian professor and former KGB analyst, Igor Panarin, received U.S. international attention for his prediction made a decade ago that the United States will disintegrate by 2010, after the Wall Street Journal published a front-page story featurin...
Strong euro hurts EU
The euro, which has gained steadily against the dollar in the past two years, may be in for harder times, especially as the global recession hits Europe. When the global economy was booming while Federal Reserve Chairman Alan Greenspan keep interest ...
U.S. housing market collapsing
The U.S. housing market is collapsing a rapid rate not seen since the Great Depression of the 1930s, according to new industry data released last week. Sales of single-family homes, both new and existing, dropped in November by 7.6 percent. It is the...
Iran's aggression threatens oil prices
Concerns that Iran remains adamant to pursue enriching uranium, while continuing to support terrorism worldwide and purchase advance weapons systems from Russia, suggest the incoming Obama administration will face increased tensions in the Middle Eas...