Unemployment Benefit Applications Drop Sharply

The number of Americans applying for unemployment benefits fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. (Dec. 30)

AllState Sues Bank of America over Residential Mortgage Securities

Allstate Corp. (ALL) has shed its opening bell upside and is down fractionally, after the insurance carrier said it was suing Bank of America Corp. (BAC) over mortgage-backed securities that went sour.

The suit alleges the bank's Countrywide unit knew $700 million in residential mortgage-backed securities it sold Allstate were a "toxic mix of loans given to borrowers (who) could not afford the properties and thus were highly likely to default."

BAC shares also were higher in initial trade today.

The Federal Reserve is a failure

Oh wait, the US way may not be on the road to recovery after all. Pimco Chief Executive El-Erian warns the US is on its way to deflation. Remember Treasury Secretary Timothy Geithner's New York Times op-ed earlier this week, where he said the US is in a recovery, well not exactly according to several economists. Anthony Randazzo, director of economic research at the Reason Foundation says there is no real proof the stimulus busted GDP. He also discusses the problem with Ben Bernanke and why Americans still put trust in the Wall Street players.

Recession Risk Remains in 2011

Dec. 27 2010 | There is a risk of another recession next year and protectionism could cause major problems in 2011, Roger Nightingale, strategist at Pointon York, told CNBC Monday.

Mid-Atlantic, Northeast brace for monster storm

WASHINGTON – A band of frigid weather snaking its way up the East Coast Sunday threatened to bring blizzards and a foot of snow to New York City and New England, while several states to the South made emergency declarations as the storm caused crashes on slick roads. Full Story »

2011 Jobs Outlook

Dec. 23 2010 | Insight on what it will take to generating jobs in 2011, with Tig Gilliam, Adecco Group regional head of North America.

Inflation, Unseen Taxes, and Ponzi Schemes!!

you must talk about how medical prices are TOO HIGH because of government interference.Laser eye surgery, lap-bands, breast jobs all OUTSIDE the Government sphere and EACH YEAR you can get MORE, BETTER quality service for your money...WHY? NO GOVERNMENT INTERFERENCE!

Coach, Jesus didn't approve of the rich. 23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God! 24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God! 25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.