In a move right in line with its new marketing campaign, NASCAR officials declined to issue a severe punishment to driver Carl Edwards for his intentional and life threatening “bump” of fellow driver Brad Keselowski.  Although some think the move was a deserved pay back for Keselowski’s own aggressive tactics on the track, the fact [...]

As has been noted, under pressure from the EU, the socialist government has begun the hard process of cutting government programs.  This has resulted in a series of strikes from several sources, including the powerful unions.  “”Everybody is watching Greece to see the depth, intensity and sustainability of protests,” said Theodore Couloumbis, deputy head of [...]

“But Vangelakos, who paid $430,000 for the home, closed in November 2008 and insisted on taking possession. He, his wife Cathleen, and their three children use the condo as a vacation home when he can get away from his job as a Weehawken, N.J., firefighter…. The signs are everywhere that the building is almost abandoned.  [...]

As we know, the real job loss figures are worse than those that typically make the headlines in two ways.  Primarily, the numbers reported do not include those people who have jobs, but are way underemployed (the PhD. waiting tables) or those who have given up on looking for a job.  Second, there is a [...]

“Federal Reserve Bank of Dallas President Richard Fisher called for an international pact to break up banks whose collapse would threaten the financial system, a position that goes beyond other Fed officials. ‘The disagreeable but sound thing to do’ for firms regarded as ‘too big to fail’ would be to ‘dismantle them over time into [...]

Yesterday, the Texas Republican voters chose Gov. Rick Perry over both Sen. Kay Bailey Hutcheson and Debra Medina to run against Bill White, the Democratic former Mayor of Houston.  This makes sense given that Gov. Perry styled his campaign perfectly to fit the worsening mood of Americans in general and voters in the Republican primary [...]

For the first time in many many years, monthly US sales of Ford products has topped that of GM products.  “Ford deliveries jumped 43 percent to 142,285 vehicles compared with 141,951 for GM. The Dearborn, Michigan-based company hadn’t topped GM in domestic sales since a strike idled the biggest U.S. automaker almost 12 years ago, [...]

The public mood shift toward darker humor and the bear market tendency to find someone to blame for the worsening economic mess is perfectly exemplified by Sunday’s Doonesbury.  It starts with a kid in college dreaming of “making a difference” and cleverly takes him through his career as a banker ending with him making the [...]

The proposed sale of the Hummer brand from GM to a Chinese company has fallen through.  Based on sliding sales, GM decided to sell the Hummer brand.  The proposed buyer was a company named Sichuan Tengzhong Heavy Industrial Machines. Evidently the sale fell off the cliff when the possible buyer was not able to obtain [...]

“A new advisory being sent by America’s third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.  Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information [...]