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 [...]

I was just scanning the list of dates for the Jay Z concert tour.  Get a load of this schedule:  Feb 20, 22, 23, 25, 27, 28; March 2, 3, 5, 6, 7, 11, 12, 13, 14, 16, 18, 19, 20, 22, 24, 26 and 27!  And each of these dates is in a different [...]

This is not a good situation.  The European Union is making grave threats against Greek sovereignty unless it gets its economic house in order.  The socialist Greek government is now making draconian spending cuts to rein in spending to get control of its economy.  These cuts have caused strikes amongst workers and unions, thus crippling [...]

According to the Socionomist, which is a newsletter I read, the enormous decline in the markets (which is just now starting) will be accompanied by much social rancor and polarization of all types (eg. By race, nation and region – see, the move for Texas’s independence).  The splitting up of the European Union will be [...]

Because the Federal Reserve, the Treasury Department and the government generally has had one vision for combating the deflation which set in about a year ago and that has been to flood the system with new dollars, there has been little dissent within those organizations.  With the revival of retired Federal Reserve President Paul Volker [...]

…about not biting the hand that feeds it!  “Greece on Friday unleashed a fierce attack on its European Union partners, accusing them of creating a ‘psychology of looming collapse’ a day after they pledged support for the country’s crisis-hit government….  In a televised address to his [George Papandreou, Greek prime minister] cabinet, he criticised EU [...]

“Stock markets sank Thursday in Greece, Portugal and Spain amid worries over the European Union’s debt woes, with Greek customs and tax officials walking off the job in opposition to cutbacks aimed at digging the government out of a budget crisis that has shaken the entire EU.
The 48-hour Greek customs strike is expected to [...]

The idea of just sending the keys to your house or condo back to the lender would have been unthinkable just a year or so ago; now underwater owners are doing just that all over the country.  This is especially true once they lose any hope for lender assistance in making their payments and realize [...]

(This author will confess that he loves these kind of discoveries!)  It was known that on the back of one draft of the Constitution was another text by James Wilson, but that version stopped abruptly.   The rest of that early draft has now been “discovered” and may be placed with the other drafts of the [...]