FINANCIAL

Foreign holdings of US debt hit record $5.48T

12/17/2012 0

WASHINGTON — Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis. Total foreign holdings of U.S. […]

FINANCIAL

Spain Gets €39bn Aid for Banking

12/13/2012 0

Spain has received a 39.5 billion euros aid package from the European Stability Mechanism to keep the country’s banking system afloat. “The funds from the European Stability Mechanism (ESM) have been received…for the Group One […]

FINANCIAL

Auto Bailout Loss Could Exceed $70 Billion

12/11/2012 0

(Photo Getty Images) Courtesy of the $83 billion auto bailout – on which we are already poised to lose more than $40 billion – the taxpayers are stuck with 26% stock ownership of General Motors […]

FINANCIAL

Forbes Releases List Of 11 “Death Spiral” States

12/02/2012 1

A writer at Forbes Magazine has identified a phenomenon called the “death spiral states.” The category includes 11 states where private sector workers are outnumbered by people who are dependent on the government. That number […]

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