Getting rid of General Motors (GM) CEO Rick Wagoner was necessary, but changing bosses won’t solve the problem: GM doesn’t have a meaningful survival plan.
There are many good reasons for firing Rick Wagoner, the unfortunate head of GM, world’s largest automobile maker. Like no one else, the 56-year-old [Read more]
Where previously only a few dozen homeless people lived, several hundred have now taken up residence since the start of the economic crisis – in a tent city near Los Angeles.
In Ontario, a wealthy suburb east of Los Angeles, you won’t find any signs of the financial crisis. The boulevard medians are planted with [Read more]
President Obama's move to open friendly dialogue with Iran is a defining moment in U.S. foreign policy.
Senate Democrats and Republicans in the United States recommended an increase of more than two thousand agents to fight the flow of drugs along the Mexican border yesterday.
A budget of 550 million dollars was proposed so as these agents could also fight arms trafficking along the border.
Secretary of Homeland [Read more]
The financial climate is in regulation - regulation dictated by emotion. Last week, American representatives voted for a special law to tax 90 percent of the bonuses given to AIG, the insurance giant rescued from bankruptcy thanks to taxpayer money. On Thursday, France announced that it would block the allocation of [Read more]