Talk about a poisoned chalice. No matter who is elected to the White House in November, the next president will probably face a recession.

The 83-month-old expansion is already the fourth-longest in more than 150 years and starting to show some signs of aging as corporate profits peak and wage pressures build. It also remains vulnerable to a shock ( Read more... )

Perhaps They Need a Tax Cut!

Iran’s Currency Crisis: Bad News For Mahmoud Ahmadinejad
As the rial plummets in value and vendors desperately hoard dollars, president Mahmoud Ahmadinejad faces a harsh backlash from his political allies, including the feared Revolutionary Guards.

Iran’s economy is in shock. Over the past week, the country’s currency, the ( Read more... )

OTTAWA -- There may still be pennies from heaven, but they won't be coming from the mint much longer.

The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation.

Thursday's federal budget said the Royal Canadian Mint will strike the last of the little coins this fall.

The budget says the cost of minting a penny has ( Read more... )

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


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( I'm amazed at how silently this has happened. )

Republic of the Central Banker


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Congressman, Doctor Ron Paul, explains to America what we should have learned from the Great Depression: THE FEDERAL RESERVE IS AT FAULT ( Read more... )

US inflation accelerated at the fastest rate in 26 years in June, fuelled higher by surging energy prices, official figures have shown ( Read more... )