WASHINGTON -- The Treasury Department says it has received an additional $2.7 billion from the sale of American International Group stock. The sale comes one day after the government reported a profit on its four-year investment in the bailed-out financial firm.

Treasury says the banks underwriting the sale have exercised their option to buy 83.1 ( Read more... )

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Republicans disputing his criticism of the auto industry bailout? What's next? Cats and dogs living together? ;)

Romney Endorser Corrects Mitt On Auto Rescue: ‘No One Could Have’ Saved The Industry Except The GovernmentMitt Romney’s renewed opposition to the rescue that saved the American auto industry, which came in the form of yet another ( Read more... )

Banks and Corporations to Hire Butlers and The Help to March Down The Street Chanting, "We Shall Overcome".

JPMorgan Chase's Jamie Dimon: Anti-Banking Sentiment 'A Form Of Discrimination'

Jamie Dimon, the head of JPMorgan Chase, would like to make it clear that he is not that kind of banker.

"I've disagreed right from the beginning of this blanket ( Read more... )

Italy's new Prime Minister Mario Monti began talks to form a cabinet of non-political experts Monday, tasked with implementing economic reforms to stave off a bailout and a further crisis in the eurozone ( Read more... )

A Meeting of Minds on Germany's 'Occupy' Movement


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Postal Service Is Nearing Default as Losses Mount
By STEVEN GREENHOUSE
Published: September 4, 2011

The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have ( Read more... )

25 CEOs of the richest American corporations earned more than their firms paid in taxes: report
Source - NY Daily News
BY HELEN KENNEDY
Wednesday, August 31st 2011, 2:08 PMTwenty five CEOs of the richest American corporations got paid more last year than their entire firms coughed up to Uncle Sam, a bombshell new report says ( Read more... )

BMW layoffs exemplify the evisceration of the middle class
Every working American should be dismayed by - and afraid of - what BMW is doing.
By all accounts, BMW's ( Read more... )

Pension Envy

Tuesday 11 January 2011

by: Dave Johnson | Campaign for America's Future | Op-Ed

Pension Envy


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