The bear market in property has put one out of every four homeowners underwater.

Will the government's War on Capitalism turn out better than their War on Terrorism? Or their War on Drugs? Or their War on Poverty?

Can the people who ran banks into the ground now run the banks that will help finance the recovery?

People who had no idea there was anything wrong with the world financial system two years ago, now say the problem has been fixed.

Bill Bonner writes that there is a reason neither governments, nor workers should own businesses.

No more 500-point drops in the Dow. No more oil at $149. No more nerve-shattering bankruptcies.

Perhaps we should look back and see what heroic acts on the part of Congress and the Fed cured that recession so quickly.

In an effort to raise money, the British government is raising taxes.

Pontiac is going out of business after 82 years.  And General Motors is being taken over by the government.

Retail spending in China is said to be up 15%.  Meanwhile, a report tells us that China is stepping up its purchases of U.S. Treasury debt.