Being young has its advantages, but apparently being employed is not one of those. A new study from the Economic Policy Institute shows that people between 16 and 24 years old are 13.5% of…
Ben Bernanke has seen the future and it is filled with an American debt balloon the size of which the world has never seen. The federal government will run out of money for Social Security…
Consumer borrowing dropped in February by 5.6% to an annual rate of $2.45 trillion, according to the Federal Reserve. Revolving credit, a good proxy for credit card debt, dropped by 13.1%. Nearly everyone who looked…
A merger between United Air (UAUA) and US Airway (LCC), which was recently rumored, would not create much of carrier compared to the BA merger with Iberia which was completed today. The new operation will be…
The smoking gun inside Toyota (TM) has been found. An executive warned his colleagues in the US that cars made by the Japanese company had severe defects. the warning came weeks before the world’s…
The safest sovereign debt investment in the world is Norway’s bonds. Finland, Germany, and Sweden also receive good ratings in the latest version of the CMA Sovereign Debt Report for the first quarter. CMA…
Reuters: British Air and Iberia signed a merger deal. Reuters: US Airways (LCC) and United (UAUA) are in merger talks. Reuters: A Toyota (TM) executive warned about defects in January. Reuters: Geithner will meet…