Soros May Benefit From White House’s Natural Gas Proposal

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George Soros, a billionaire investor and major backer of President Obama, stands to reap a windfall from legislation promoting natural gas-powered vehicles. The White House unveiled a proposal on Thursday that would do just that.

Treasury Secretary Tim Geithner Will Not Serve a Second Term

Tim Geithner

Tim Geithner, one of President Barack Obama’s closest economic advisers, has no intention on staying on as Treasury secretary if Obama wins a second term.

‘There will be riots on streets of America’: George Soros predicts class war in U.S. as euro triggers collapse of global economy

George Soros

Billionaire investor George Soros has warned the global economic system could collapse and riots on the streets of America are on the way.

Gold for Oil: India and Iran Ditch Dollar

Iranian oil

According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program.

Davos Elites to Seek Reforms of “Outdated” Capitalism

Klaus Schwab

From Yahoo News ZURICH (AFP) – Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.” “We have a general morality gap, we are over-leveraged, we have neglected to invest in the [...]

U.S. Stocks Advance a Third Week on Improved Economic Reports, Earnings

24-US-stocks

By Ksenia Galouchko – Bloomberg.com U.S. stocks rose for a third week, the longest winning streak since October, as better-than- estimated economic data and company earnings boosted confidence in American growth. Technology and energy companies led rallies by nine out of 10 Standard & Poor’s 500 Index groups, climbing more than 2.7 percent. Sears Holdings [...]

Mortgage rates hit another record low, housing struggles

mortgage rates

The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.

Kodak Files for Bankruptcy, Secures $950 Million Lifeline

Kodak

Eastman Kodak, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for what remains one of America’s best-known companies.

Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?

Middle East Wars

The Middle Eastern and North African wars – planned 20 years ago – don’t necessarily have much to do with fighting terrorism.

Among the Wealthiest One Percent, Many Variations

Wealthiest One Percent

Adam Katz is happy to talk to reporters when he is promoting his business, a charter flight company based on Long Island called Talon Air.

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