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Policy Options Dwindle As Economic Fears Grow

The Huffington Post News Editors — Sat, 04 Sep 2010 18:03:03 +0000

THE American economy is once again tilting toward danger. Despite an aggressive regimen of treatments from the conventional to the exotic -- more than $800 billion in federal spending, and trillions of dollars worth of credit from the Federal Reserve -- fears of a second recession are growing, along with worries that the country may face several more years of lean prospects.

Experts See Trouble Ahead For Developed World

The Huffington Post News Editors — Sat, 04 Sep 2010 15:45:33 +0000

CERNOBBIO, Italy — Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook – especially for the United States and much of the industrialized world.

The doomsayers were led by New York University economist Nouriel Roubini, who warned in booming tones that "there is a significant risk of a double-dip recession in the United States" as well as in Japan and many European countries.

Frank McCourt portrays wife as having an appetite for houses, financial security

Financial — Fri, 03 Sep 2010 18:39:00 +0000

In his fourth day on the stand, Frank McCourt portrayed his wife, Jamie, as a woman with a voracious appetite for houses and financial security.

Steven G. Brant: Did BP Just Blow Up The Obama Presidency?

Steven G. Brant — Fri, 03 Sep 2010 05:06:34 +0000

BP is attempting to leverage its promised $20 billion Gulf Restoration Fund to get the US government to let it keep drilling in the Gulf. This $20 billion is a penalty. BP does not deserve to be compensated for paying its debt to society.
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Bernanke FCIC Testimony: Fed Chairman Appearing Before Financial Crisis Inquiry Commission

The Huffington Post News Editors — Thu, 02 Sep 2010 11:14:57 +0000

WASHINGTON — Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.

Bernanke led the economy through the tumultuous months of the most severe recession since the 1930s, as the Federal Reserve took extraordinary measures to inject hundreds of billions into the battered financial system.

Frank McCourt has taken Dodgers deep in debt

Financial — Thu, 02 Sep 2010 04:30:00 +0000

The owner has struggled to obtain additional financing for the team, which was $433 million in debt as of last year. The red ink could hamper the Dodgers’ ability to sign players.

Since buying the Dodgers for $430 million six years ago, Frank McCourt has so heavily leveraged the team — $433 million in debt as of last year — that he has struggled to find additional financing.

Obama, Mideast Leaders Kick Off Talks With Calls For Peace

The Huffington Post News Editors — Thu, 02 Sep 2010 01:48:59 +0000

GAZA CITY, Gaza Strip -- The top Hamas leader in the Gaza Strip rejected compromise with Israel in a fiery speech Wednesday, a day after gunmen killed four Israelis in a strong reminder that the Islamic militant group cannot be ignored in any Mideast deal.

President Barack Obama denounced the West Bank ambush as he launched a two-day summit marking the first Israeli-Palestinian negotiations in nearly two years.

"The message should go out to Hamas and everyone else who is taking credit for these heinous crimes that this is not going to stop us," he said after greeting Israeli Prime Minister Benjamin Netanyahu at the White House.

Teresa Giudice: How We Blew $11M

The Huffington Post News Editors — Wed, 01 Sep 2010 21:32:30 +0000

Bankrupt 'Houseives' Teresa Giudice is cashing in by sitting for magazine interviews, and for the latest In Touch cover she opens up about the humiliation of declaring bankruptcy and defends her spending sprees. Meanwhile she's asking for a raise on the show.

From the In Touch press release:

For Teresa Giudice, it was like living a nightmare. After ten years as the big-spending wife of a successful real estate developer, the Real Housewives of New Jersey star was being told by a lawyer that she and her husband, Joe, were $11 million in debt -- and needed to file for bankruptcy as soon as possible. "I was humiliated," she tells In Touch in an exclusive interview.

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3 Reps Under Further Investigation Over Alleged Bribery Tied To Financial Reform Votes

The Huffington Post News Editors — Wed, 01 Sep 2010 02:15:22 +0000

WASHINGTON â House investigators have recommended that three lawmakers be further investigated to determine whether political contributions were improperly linked to votes on the huge financial overhaul bill.

The independent House Office of Congressional Ethics recommended that the member-run House ethics committee pursue potential rules violations by Republicans John Campbell of California and Tom Price of Georgia and Democrat Joseph Crowley of New York.

Robert Reich: Why a Civil Society Extends Unemployment Benefits

Robert Reich — Tue, 31 Aug 2010 22:22:28 +0000

A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation's credit that many are receiving unemployment benefits.
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