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White House officials point to $300 million spent by the Veteran’s Administration over the past decade on a financial systems project that still isn’t done.

At the Department of Homeland Security, me…

From Wikipedia

In economics, Hauser’s Law is an empirical observation that, in the United States, federal tax revenues since World War II have always been equal to approximately 19.5% of GDP, regar…

By Thomas Dilorenzo

“One can say without exaggeration that inflation is an indispensable means of militarism,” Ludwig von Mises wrote. “Without it, the repercussions of war on welfare become …

Evergreen Farm, the finest farm and dairy in my county, announced this week that they are closing and will auction their herd and land. This is in response to the cash flow impact of regulatory requ…

By Joe Weisenthal

Continue reading the article . . .

July 22, 2010 – 7PM MDT with Clifford E Carnicom

The Carnicom Institute will hold a live webinar on Thursday, July 22nd, 2010 at 7PM MDT. Clifford Carnicom will be discussing a recent experiment inv…

By Karl Denninger

Since when does the SEC announce that it’s about to make an announcement – about an hour before the market closes the day before options expiration?

There’s clearly biased and then…

By Samuel Shen and Kennix Chim

Agricultural Bank of China’s (601288.SS) $19 billion IPO made a lackluster debut in Shanghai, weighing on the market and underscoring the difficulty other Chinese ban…

By Ambrose Evans-Pritchard

Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight …

By Andy Sullivan and Kevin Drawbaugh

The Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.

B…

By Marcy Gordon and Daniel Wagner

Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments.

The…

By Richard Teitelbaum

Amid a storm of criticism, government investigations and an SEC suit, the investment bank’s outside directors have failed to speak out.

Greg Palm, Goldman Sachs Group Inc. …

By Vincent Fernando, CFA and Kamelia Angelova

Continue reading the article . . .

By Sewell Chan

The chairman of the Federal Reserve urged banks and regulators on Monday to help the nation’s small businesses get the loans they needed to create jobs.

He also acknowledged that …

The United States Bankruptcy Court for the Eastern District of California has issued a ruling dated May 20, 2010 in the matter of In Re: Walker, Case No. 10-21656-E-11 which found that MERS could no…

[Note from CAF: My wonderful bankers at National Bank of Malvern did not tell me about this story published last year. I just found it, so I am publishing it now.]

Not many banks are in a celebrato…

This is an excellent talk that Franklin gave recently in Mississippi. If you want to understand what each community needs to do to create jobs in the United States, this is one for you!

Listen to t…

By Lucy Ballinger

The impressive, boat-shaped ‘SkyPark’ perched atop the three towers that make up the world’s most expensive hotel, the £4billion Marina Bay Sands in Singapore.

Continue reading …

The con of the decade (Part I) involves the transfer of private debt to the public (the marks), who then pays interest forever to the con artists.

I’ve laid out the Con of the Decade (Part I) in o…

Kauffman Foundation Study

New firms add an average of 3 million jobs in their first year, while older companies lose 1 million jobs annually

(KANSAS CITY, Mo.), July 7, 2010 – When it comes to U.S…

Amy Goodman Interview
DemocracyNow! (8 Jul 10)

Supporters of geoengineering have proposed radical ways to alter the planet to decrease the level of greenhouse gas emissions. Proposals include creat…

New York Times
By Verlyn Klinkenborg (8 Jul 10)

A couple of weeks ago, I walked along a spring creek in the upper Madison Valley, just south of the town of Ennis, Mont. As my guide, Jeff Laszlo, expl…

Bloomberg.com (7 Jul 10)

Allstate Corp. Chief Executive Officer Thomas Wilson said a surge in borrowing by U.S. state and local governments may trim the value of municipal debt holdings, and called f…

A report released Thursday finds that all 18 firms lining up for tens of billions in US-backed loans for new nuclear power plants would use overseas jobs to build most of them.

Nuclear power opponent…

By Mark Seibel (9 Jul 10)

Washington – In a dramatic turn of events, the Obama administration has given BP the go-ahead to remove the containment cap atop the runaway Deepwater Horizon oil well and r…

BEIJING (AP) — A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government debt Sunday amid efforts by Chi…

By Richard Winton

The Swiss government’s decision not to extradite Roman Polanski to Los Angeles means the famed director can now travel freely in Switzerland as well as France, where he has citize…

By C. Powell

Dear Friend of GATA and Gold:

The Wall Street Journal this evening updated and corrected its report about the gold swaps undertaken by the Bank for International Settlements, disclosi…

By James Kanter

After decades of pushing nations to surrender more power to Brussels, the European Union is about to throw in the towel on one highly contentious issue: genetically modified foods.
…

By Jesse

These swaps have significance because of the speculation that the public sale of gold by the IMF, which was secretive and selective, was not a legitimate sale to raise funds, but a means o…

By Jessica Resnick-Ault and Katarzyna Klimasinska

BP Plc is likely to intercept its Gulf of Mexico gusher this month, ahead of schedule, kicking off a “kill” process that may take as little as …

Continue reading Meredith Whitney: The Rebound In Consumer Spending Is Just The Result Of People Not Paying Their Mortgages

Dear Jim,

Allow me to chime in here and bolster your comments to CIGA Arlen.

First and foremost, what your readers need to understand is that no one who has a loan secured by a mortgage on his hom…

By Michael Powell

Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you in…

YouTube

I am flying to London this week; returning early next week. This Friday, I will join wonderful clients and friends to see Nick’s Stafford’s play, War Horse.  This is something I have wan…

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Continue reading BP Financial Limbo Dance

By David Kocieniewski

When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands. Registering there allowed th…

By Clifford J. Levy

On the edge of this Siberian village is a resort with a veiled guest list and armed guards at the front gate. When local officials have expressed unease about what goes on insid…

By Janet Lorin

As much as higher education and corporate America would like to be engaged, college presidents are struggling to reconcile the demands and values of academia with shareholder skepticis…

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Continue reading The Bigger And Bigger Picture

BP Plc is seeking a strategic investor to secure its independence in the face of any takeover attempts as it struggles with a devastating oil leak in the Gulf of Mexico, newspapers said Sunday.

Brita…

“In a global economy when you lower the cost of capital and rig resources for insiders, a severe misallocation of capital results. This has been occurring for decades. As a result, we have a world…

Michael Fields Agricultural Institute, a nonprofit agricultural service provider, is looking for a new director.

The Institute seeks a leader who has the skills and passion for internal and externa…

By Zach Carter

Today, Goldman Sachs sent its second-highest-ranking officer to Washington, D.C. to tell the Financial Crisis Inquiry Commission that his company is staffed and managed by complete i…

By: CNBC.com

Goldman Sachs’ testimony before the Financial Crisis Inquiry Commission Thursday spurred skepticism and frustration among commission members when the investment bank claimed it doesn’t…

By Vincent Fernando, CFA and Kamelia Angelova

Continue reading Russia Is On A Crazy Gold Binge

Wireless technology: It is already possible to send electricity without wires. Can devices be powered using ambient radiation from existing broadcasts?

YouTube

Continue reading Power From Thin Air

By Michael A. Fletcher

The recession has directly hit more than half of the nation’s working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs, according to a…

By Louise Story and Gretchen Morgenson

At the end of the American International Group’s annual meeting last month, a shareholder approached the microphone with a question for Robert Benmosche, th…

By Mike Stobbe

About a quarter of the swine flu vaccine produced for the U.S. public has expired — meaning that a whopping 40 million doses worth about $260 million are being written off as trash…