Politics
Politics Articles
General Motors Corporation (NYSE: GM) is getting closer and closer to what is an obvious bankruptcy with the June 1 deadline looming. This morning came the news that GM’s bondholders were now...
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Now that GM (GM) has a reasonable deal in place with the UAW, the federal government is preparing the car company for a Chapter 11 filing which may come ahead of the June 1 deadline that it had set...
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Ed Liddy, the former head of Allstate who joined AIG (AIG) as chairman and chief executive officer in September quit today. He said he would stay on until the company found a replacement, or...
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by Michael Grabell and David Epstein, ProPublica One company paid nearly $1 million for destroying seagrass in the Florida Keys marine sanctuary. Another settled a discrimination case after federal...
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It is no secret that the banks that can pay the money back want out from under the Troubled Asset Relief Plan, or the TARP. It is also no secret that the Treasury, the Federal Reserve, and the...
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MidAmerican Energy Holdings Company, which is owned by Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A), has issued a statement objecting to the proposed American Clean Energy and Security...
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It is rare that you see an election have this large of an impact, but the Indian stock market surged on the new election results. The Congress Party won a decisive victory in India and this sent...
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It is old news that Henry Paulson forced major banks and brokerages to take TARP money at meetings on October 13 of last year. But, it is nice to have documents that show how it happened. The...
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Every major newspaper and online news service carried that same headline, perhaps all written by the same copy desk: “Medicare And Social Security Face Insolvency.” Cynics said that the...
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The US Environmental Protection Agency has proposed increasing the maximum amount of ethanol blended in gasoline from 10% (E10) to 15% (E15). An ethanol industry group called Growth Energy and 54...
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The Venezuelan government passed a law permitting the nationalization of oil field services companies, compensating companies for expropriating assets by issuing bonds instead of paying with cash....
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Most company budgets and some prepared by governments have a place to park unidentified expenses. Those amounts are a hedge against unexpected needs for capital, and are often called “rainy day”...
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Fed Chairman Ben Bernanke has been speaking via satellite this morning since 9:30 AM EST before the Federal Reserve Bank of Chicago Conference on Bank Structure and Competition in Chicago. But the...
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Senator Arlen Specter has decided to switch parties, according to multiple news reports. The senator from Pennsylvania is going to run in the 2010 election as a Democrat rater than as a...
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“The Big 3” is now likely more than ever about to become a term of the past. Chrysler looks like it may be the first one out, and the question immediately after that is on the future of General...
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