Politics
Politics Articles
International Monetary Fund managing director, Christine Lagarde, has warned that the global economy “could easily slide into a ‘1930s moment’ unless global leaders take the actions that they...
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Detroit’s unique position as a large American city is not just related to the fact that the state may appoint an emergency manager and take the power of governing away from the mayor and city...
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Just before Congress left town for the holiday, it passed and President Obama signed a bill to extend payroll tax cuts for two months. The bill included a provision demanding that the President rule...
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President Obama will appoint former Ohio attorney general Richard Cordray as the head of the Consumer Finanicial Protection Bureau today, invoking the president’s authority to make appointments...
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After 30 years of payments to farmers and blenders, the federal subsidy on corn-based ethanol expired when Congress adjourned last week without taking any action to renew the payments. A cynic might...
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It is no secret that Iran is a saber-rattling nation. The country wants to be relevant on the global stage so much that it keeps up with its nuclear ambitions regardless of global trading sanctions...
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In 2007, the U.S. Congress established mandates for the amount of cellulosic ethanol and other biofuels to be used in the nation’s transportation fuel supply. Cellulosic ethanol and fuels based on...
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Now that the US House of Representatives has approved (if unwillingly) the Senate bill providing a two-month extension to lower payroll taxes and extend unemployment benefits, the bill goes to...
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When Iraq began offering leases to its vast oil deposits a couple of years ago, there weren’t a lot of big oil companies lined up to buy in. Iraq’s offer of reimbursing development costs, a flat...
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Fitch Ratings is out with an updated report on the future finances of the United States. Today’s special report is titled ‘U.S. Public Finances – An Update’ and it shows the medium-term...
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If there is one of several regions which can erupt rapidly, it is around the Korean Peninsula. The death of Kim Jong-il (that photo is a tribute photo for him) after a heart attack has caused...
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We have been covering the risks of the AAA rating risks far ahead of the curve on these formal credit ratings downgrades by the major credit ratings agencies. After the United States lost its prized...
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Detroit is in a situation like the weakest nations in the eurozone. It does not, however, have access to the kind of capital from the European Central Bank or IMF that Spain, for example, may have....
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Jon Corzine was supposed to be the poster boy for modern-day finance… From the King of Finance, to New Jersey’s governor, and back to Wall Street. Now Corzine is just the King of Fall...
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Ever since the Energy Act of 2005 was passed and signed by President Bush, USEC Inc. (NYSE: USU) has been working on a loan guarantee of $2 billion to build a new uranium enrichment plant at the site...
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