State of the Superpower

When the bailout bill passes, and despite all the rhetoric and posturing, it will pass, Wall Street could feel the fallout for years to come.
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And that fallout comes in the form of middle America’s disgust with the market, as they see […]

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Today the Environmental Protection Agency ruled that perchlorate, a toxic chemical found in rocket fuel, does not pose enough of a health risk to require cleanup.
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Perchlorate has contaminated soil, groundwater […]

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Today stocks surged on news the government will bail out beleaguered mortgage lenders Freddie Mac and Fannie Mae. The Dow jumped 290 points (2.6%) but was not the only winner. Both Standard & Poor’s 500 and the Nasdaq composite also rose.
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In an effort […]

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On Friday the Department of Labor announced that the nation’s unemployment rate is now at 6.1%. American employers cut 84,000 jobs last, further proof of just how bad the American economy is. Analysts, already predicting a rise in unemployment, believed the August numbers would be around 5.8%.
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House Majority Leader Nancy Pelosi finally agreed to include provisions for limited oil exploration on the Outer Continental Shelf in new energy legislation scheduled for debate later this year.
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Last Friday The Hershey Company announced it would raise prices 11% after lowering its 2008 and 2009 earnings estimates.
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Things aren’t well at “Sugarland” if Hershey, and iconic American candy maker, keeps dropping profit estimates. I’d like to see it as a sign that […]

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Despite the House of Representatives adjourning for a 5 week summer vacation, Republican members protesting high energy costs refused to leave. Energy prices are currently at record highs, with the average price of gas just under $4 a gallon.
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Desperate to be seen as independent Washington outsiders, presidential candidates John McCain (R) and Barack Obama (D) portray themselves as lobbyist-free candidates.
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Since a candidate lacking lobbyist ties is a smoke and mirrors illusion, it falls upon to voters to know which lobbyists each candidate answers to.
There was a […]

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On Friday, Governor Arnold Schwarzenegger signed a bill removing trans fats from food served in California restaurants by 2010, and in all baked goods by 2011. New York City enacted a similar law in 2006, but California is currently the only state to enact a trans fat ban.
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Still searching for rock bottom, American home foreclosures rose 14% the second quarter of this year. Of the country’s largest 100 metro areas, 95 report a rise in foreclosures.
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Click for US Foreclosures Jump 14% In 2nd Quarter
The California cities of Stockton, Riverside/San Bernardino, Bakersfield, and Sacramento take four of the top […]

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