South Korea to Resume Oil Trade With Iran
Move comes after months of stalled trade caused by European embargos.
Economics
German Exports Declined in June
Reduced exports to other eurozone countries is particularly noticeable.
Regulators Criticized for not Stopping Iran Laundering
It took years for authorities to stop bank transactions.
AT&T Employees to Strike
20,000 land line employees in California, Nevada and Connecticut walk, apparently over issues unrelated to the decreasing consumer demand for land lines.
Will Lending Changes Feed Yakuza Loan Sharks in Japan?
Opposition party wants to ease rules on non-bank loans amid stagnant economy.
Canadian Protests Target Cheap Maine Lobsters
Lobstermen block trucks making deliveries in New Brunswick, set up blockades.
Police and Fire Pension Costs Loom Over Ohio Towns
Pension contribution need to rise by 50 percent and debt payments must quintuple
Are Smart Countries Richer or Are Rich Countries Smarter?
Untangling the relationship between national average IQ and wealth creation
California Parks Scandal Concealed Raid on Trust Fund
"Hidden" $54 million was actually a self-supporting fund for off-road recreation
California Pension Plan In the Works
With public pension funding in shambles, politicians promise a fix
Stimulus Figures Actually In the Trillions
Two economists say the amount of money dumped into the economy to no effect by the government is wildly underestimated
Multimillionaire Buys All of Town's Foreclosed Homes
Many potential homebuyers upset after Bill McMachen bought 640 homes for $4.8 million.
Greece Considers Pooling Labor To Help Reach Austerity Targets
Foreign creditors are asking for $4.95 billion in spending cuts.
Hope of Fiscal Activism Causes Stocks To Rise
It is looking more likely that the European Central Bank will act to try and contain the euro-crisis.
Fed Official Calls For Aggressive Bond Buying Program
Eric Rosengren, president of the Federal Reserve Bank of Boston, wants such a program to continue until unemployment falls.
British Growth Cut to Zero
The Bank of England has predicted that the British economy will not grow in 2012 after predicting 0.8 percent growth a few months ago.
Stockton, California Went Bankrupt. Is Your City Next?
What to look for as your burg goes belly up!
Seven Cameroonian Athletes Disappear From Olympic Village
They are believed to have absconded in order to stay in Europe. So much for national pride
Obama is Spain's New Amigo
Economic support from the U.S. may be in the wind for the embattled country
Australian States Under Pressure To Limit Power Prices
Prices at state-owned utilities are rising faster than those at private producers - but the carbon tax may be at fault
Bernanke: Let's Get Philosophical
The Fed chairman wants economists to spend more time on the "why" of what they do
U.S. Really Lost Jobs in July
Widely touted job "gain" figures include seasonal adjustments that discount an actual decline of 1.2 million in the number of jobs nationwide
Spain Stays Afloat on the Shadow Economy
Under a corrupt and tax-hungry government, off-the-books work accounts for the equivalent of a quarter of the official economy
Social Security Pyramid Scheme Begins to Topple
People retiring now will be first to earn less than they put in rather than more.
GM Sued for $3 Billion Over Saab Bankruptcy
GM accused of deliberately destroying Saab by Dutch sportscar manufacturer
The Health-Care Spending Claim That Made Obamacare Possible Was a Lie
Health care costs were slowing before the passage of Obamacare.
Standard Chartered Accused of Leaving US Financial Services Open to Attacks After Iranian Deals
Multi-Billion dollar deals left the US financial system open to attacks from Iran, drug kingpins, and terrorists.
Occupy Oakland and the Communist Thing, or How You Learn to Love Free Markets
Communists say the darnedest things
Most Americans Favor More Education Spending…Until They Are Told the Price Tag
13 percent believe government spending on education is at the right amount.
Insurance Company Claims it is Not Responsible For Trayvon Martin's Killing
Traveler's Insurance claims that it is not responsible to defend property.
Clinton Announces Investments for Malawi
$46 million has been promised to Malawi to be used for agricultural development.
Best Buy Founder Makes Takeover Offer
Richard Schulze, who owns 20 percent of Best Buy, has offered to buy the rest of the company for $8.8 billion.
Only 32% of Likely Voters Think Clinton and Obama Agree on the Economy
Although Clinton is set to be given a prominent spot at the convention few believe he agrees with the President on economic recovery.
Cold War Relic to Give Billions To South Africa for Green Energy Scheme
The Export-Import Bank is set to give $2 billion to South Africa for wind and solar investment.
TSA Workers Negotiate Labor Pact
Deal includes an increased clothing allowance and a standardized vacation bidding process.
How a Single Oxycontin Pill Nearly Ruined One Man's Life
Jail may be the worst thing that can happen to a drug offender, but it's not the only thing.
