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Investigation into S&P shows need for reform

Image of The recently announced investigation into S&P is pure politics.

When the S&P downgraded the US debt rating to AA, they may have expected some kind of backlash. Well, the backlash has begun with the US ... continue reading

Fear sends investors scrambling for cover

Image of Investors watch as the markets tumble on a series of bad economic reports and forecasts.

Despite hopes that the market might stabilize, volatility returned to Wall Street Thursday as major indexes dropped and gold reached a new ... continue reading

Good for Google, bad for you

Image of The Patent Wars: Good for lawyers, and corporations, but bad for you.

Monday's news was dominated by Google's $12.5 billion acquisition of Motorola. What's not making the headlines are the quiet, yet serious ... continue reading

World bank head issues serious warning to political leaders

Image of World bank head, Robert Zoellick warns of economic danger if policy makers don't get serious about debt and reform.

The head of the World Bank has warned that markets are being pushed into a "danger zone," which policy makers have to take seriously. In ... continue reading

Buffett calls out Congress for 'Coddling Billionaires'

Image of Buffett calls Congress to alter promises that,

"OUR leaders have asked for 'shared sacrifice.' But when they did the asking, they spared me. I checked with my mega-rich friends to learn ... continue reading

Google Gobbles Motorola Mobility

Image of Google has acquired Motorola for $12.5 billion, in cash.

In a deal that has surprised many, Google has acquired Motorola Mobility in a $12.5 billion deal. The acquisition should place Google in ... continue reading

Bleak employment prospects for DC teens

Image of Chronic teen unemployment is leaving DC youth without options.

With an average teen unemployment rate over 50 percent, teens who want to work in the District of Columbia are having a tough time getting ... continue reading

International stocks drop on news of US downgrade

Image of Investors seek safety as global markets react negatively to the US downgrade.

International stocks are at an 11 month low as the world reacts to the downgrade of US sovereign debt. Despite hopeful economic news from ... continue reading

S&P Downgrades Freddie Mac and Fannie Mae

Image of Reacting to the debt deal, Standard and Poor's has downgraded Freddie Mac and Fannie Mae.

Fallout from last week's debt deal continues to send shockwaves through the economy. The latest effect has been the decision by the credit ... continue reading

Bank of America to pay the LARGEST BILL of the financial crisis

Image of Bank of America has agreed to pay a $14 billion settlement to investors burned by the 2008 financial crisis.

Bank of America will soon pay the largest settlement of the 2008 financial crisis. On Wednesday, the banking giant announced that it had ... continue reading

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