WELLS FARGO 'May Need $50 Billion to Pay Feds, Cover Loan Losses'...
Illinois snags chunk of fed stimulus work; 1 out of 9 road, bridge projects?...
Ohio wants $57M in stimulus for highway STUDIES...
Warren Buffett's electric car venture; CEO drinks 'battery fluid'...
By Ralph Nader
Where were the giant accounting firms, the CPAs, and the rest of the accounting profession while the Wall Street towers of fraud, deception and cover-ups were fracturing our economy, looting and draining trillions of dollars of other peoples' money? Continue
A Criminally Stupid War on Drugs in the US
By Clive Crook
Everybody understands that alcohol prohibition in the 1920s suffered from many of the same pathologies – albeit on a smaller scale – and was eventually abandoned. Continue
Ireland is ECB's sacrifical lamb to satisfy German inflation demands: Put bluntly, Ireland is being forced to roll back the welfare state and tighten fiscal policy in the midst of a savage economic contraction in order to uphold the deflation orthodoxies of Europe's monetary union.
China's FX reserves growth collapses: The People's Bank of China disclosed on Saturday that the reserves -- the world's largest -- had risen 16 percent year-on-year to tally USD 1.95 trillion as at the end of March. "Even with a growth of USD 7.7 billion for the first quarter of this year, the increase was USD 146.2 billion lower than the same period in the preceding year," Xinhua reported.
U.S. government directs GM on quick bankruptcy filing: report: One plan being suggested would see the "good" assets of GM quickly put into new company in the event of a bankruptcy filing. The remaining "bad" assets, including weak brands, factories and health-care obligations, would remain in the old GM and be liquidated over time.
Shanghai car-maker SAIC makes approach for Vauxhall: The Chinese car manufacturer that owns the rump of MG Rover will this week begin considering a potential investment in a new European company that will house Britain's Vauxhall
Fending Off the Mortgage Industry: Savvy Activists Are Winning in Court and on the Streets, Keeping People in Their Homes