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IMF agrees in principle on $750 million loan to Georgia

The International Monetary Fund said on Wednesday it has reached an agreement in principle with Georgia on a 750 million-dollar financial package.


Iran in need of privatization in real sense of word - Rafsanjani

Head of country's Expediency Council in a meeting with head and members of Tehran Chamber of Commerce and Industries stressed Iran's need for wide scale privatization, "in real sense of the word."


Paddle My Fannie

The news is full of Fannie Mae this and Fannie Mae that. Who is Fannie and why should I care? Fannie Mae (stock symbol FNM) stands for Federal National Mortgage Association. She has a brother named Freddie, the Federal Home Loan Mortgage Corporation, Known as Freddie Mac.


US Oil Companies Finding More Oil in Old Fields

The price of oil has dropped around 20 percent in recent weeks, but remains more than double what it was just a couple of years ago. The high price has given oil companies the incentive to revisit old fields long ago abandoned as unprofitable. New technology has made it possible to extract more oil from these old fields.


Wild Parties and the Bank of England

The activities of banks which invested heavily in flawed US subprime mortgages has been likened to 'wild parties' by Mervyn King, Governor of the Bank of England. In the aftermath of a wild party, the merry makers will suffer a hangover the next morning. But the wild parties of UK and US bankers are now causing misery in the general population.


Mortgage Crisis, the Dollar and Its Future

The popular definition of “inflation” is a general increase in the level of prices. But what causes the price level to rise? It is an increase in the money supply without a corresponding increase in goods and services; there is more money with which to bid up the prices of available goods and services.


Richard Viguerie: Bush White House Hides True Scope of Federal Deficit

A statement by Richard A. Viguerie, Chairman of ConservativeHQ.com, regarding the White House projection of a $482 billion deficit for Fiscal Year 2009


Stagflation Vs Reverse Mortgages

You, Mr. Consumer, have been providing 70% of the energy for our economy by overspending. Much of the overspending came from borrowing on home equity, but that is long gone and will not be returning for many, many years.


U.S. Government Plunging Further Into Debt at $1 Million a Minute

The U.S. government's national debt is growing by almost $1 million per minute, or $1.4 billion per day. Merely paying the interest on what this debt has become is anticipated to place an increasing strain on public programs.


Oil`s biggest day yet drags down stocks

Oil prices made their biggest single-day leap ever Friday, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and more record gas prices by the Fourth of July.


Why The Insurance Industry Wants To Defeat Referendum 67

Why would the insurance industry spend $7.7 Million to defeat a measure that could conceivably give them an excuse to raise premiums and make even more money off of Washington State citizens? I smell a rat.


Tough Love: Why The Federal Reserve Should Not Cut Interest Rates

A cut in the federal funds rate, or several cuts as the futures markets are predicting, may well spur growth in GDP from the tepid rate of the first half of the year. With this, however, comes the risk of increasing inflationary pressures at a time when inflation is likely to remain above a comfortable level for maximum economic output.


Employer's Costs of Working Family Caregivers

The U.S. Department of Labor published an amazing study - 30% of employees are family caregivers to elder loved ones or aging parents. The study goes on to report that by 2010 that number will rise to 54%.


Online Market Research Trends in 2007

With the increasing popularity of cell phones, caller id's and broadband internet technology, market researchers are quickly following consumers to the world wide web. For business owners, the struggle to stay in touch and reach out to consumers using traditional market research techniques is becoming increasingly more difficult.


Social Media: The Instant Brand Killer

Social networking is like viral marketing on steroids. Companies can release a new product in the morning and have it talked about by millions of users on thousands of sites by the afternoon. But users can love a product one minute and then drop it like a lead balloon the next, depending on their experience with the product, a rumor, or whether they have had their morning coffee yet.