President Bush plans to veto the defense policy bill, claiming that there is a provision in it that would permit Americans to go after Iraqi assets held in American Banks, if they successfully sue for the atrocities of Saddam Hussein. Iraq has threatened to withdraw all funds from American banks.
Everyone should read this carefully. Anytime the Federal government gets involved, it can't be good.
A quarter of a percentage point wasn't aggressive enough for the stock market.
This is just the tip of the iceberg. I still don't like the government getting involved in this.
It's about time Congress does something about this problem. The middle class is being squeezed by these kind of deceptive practices.
David Brooks has an excellent op-ed in the New York Times, in which he writes about the fundamental soundness of America's economy, and America's standing in the financial world.
Don't let the title fool you. The author, Gerard Baker, thinks the American economy is in pretty decent shape.
I read this column in the Boston Herald by Michael Graham and thought about my own family and the poverty that my parents knew, and how well we all live now.
This is disturbing news, but I have confidence in the American economy, and expect the dollar to bounce back.
The first sentence of Salena Zito's article says it all: "It's the economy again, stupid."
Private-label cereal maker Ralcorp Holdings Inc. said Thursday it will purchase Kraft Foods Inc.'s Post cereals unit, the nation's third largest with brands like Spoon Size Shredded Wheat and Post Raisin Bran.
The companies said the deal includes Ralcorp stock valued at about $1.65 billion. Ralcorp will also assume $950 million in debt, boosting the total deal value to $2.6 billion.
Millions of Chinese-made toys have been pulled from shelves in North America and Australia after scientists found they contain a chemical that converts into a powerful date rape drug when ingested. WOW!!
Record oil prices edged closer to $100 a barrel Wednesday amid expectations of declining U.S. supplies. The weak dollar and OPEC's apparent reluctance to pump more crude into the market also boosted prices.
GM posted the largest quarterly net loss in its history due largely to a $38.6 billion noncash charge related to tax asset valuation, but also had to deal with a loss at it's financial arm GMAC and continued weakness in the North American market.
DirecTV's third quarter net income dropped 14% as the company spent more to provide customers with high-definition channels and digital video recorders.
Wall Street suffered its second big drop in a week Wednesday, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker.
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