US executive pensions on the rise: report

Pensions for top U.S. executives increased an average of 19 percent last year despite widespread drops in the companies’ share values, The Wall Street Journal reported Tuesday. Over 200 executives saw pensions jump over 50 percent. The spike, the Journal said, was due in part to “generous” pension formulas based on executive pay and to

More US jobs losses ahead, Obama warns

President Barack Obama said Monday that the US economy will continue to lose jobs in coming months despite exiting a recession, striking a cautious tone on unemployment. “We anticipate that we’re going to continue to see some job losses in the weeks and months to come,” Obama said ahead of the release of unemployment figures

US paying Taliban who claim to switch sides

The U.S. Government will soon begin paying Taliban members claiming to have switched sides in the insurgent war in Afghanistan, according to a recent report by the BBC. The BBC report noted that the Obama administration is trying to emulate the “success” in Iraq, where the U.S. government has paid off insurgents who switch sides

Mexican drug gang leader gets 21 years in US jail

Aaron Quintero-Soto, the leader of a Mexican drug trafficking ring, was sentenced Monday to 21 years in a U.S. prison, according to the Justice Department. Quintero-Soto, a 41-year-old native of Mexico’s Sinaloa state, pleaded guilty in June of conspiracy to distribute methamphetamine and cocaine in the United States, a Department statement states. His organization brought

Bullet sales on the rise in U.S.

In a time of increased financial uncertainty – stemming from a dismal job market, a crumbling economy and government skepticism – Americans are spending record amounts of money on guns and ammunition, creating shortages in some places over the past year. Bullets are in such high demand that, at some points during the past year,

Schiff: Rising Stocks Not A Sign of Recovery

By: Julie Crawshaw Article Font Size Rising U.S. stock prices — particularly following a 50 percent decline — say nothing about the health of the U.S. economy or the prospects for a recovery, says Euro Pacific CEO Peter Schiff. “In fact, relative to the meteoric rise of foreign stock markets over the past six months,

Thrifts Report First Profit Since 2007

WASHINGTON — The U.S. thrift industry Wednesday reported its first profit since the third quarter of 2007, earning a slender total of $4 million in the second quarter, the Office of Thrift Supervision said. The second-quarter figure compared with a whopping loss of $1.62 billion in the first quarter of 2009, which was revised Wednesday

Obama Sidesteps Fresh Headaches, Keeps Bernanke

WASHINGTON — Giving Ben Bernanke a second term as Federal Reserve chairman was the politically safe course for a president beset by multiple crises and wanting no new battles. The decision also helped soothe jittery financial markets, while drawing applause across party lines. President Barack Obama cited the former Princeton economist’s role in navigating the

Trailer for the upcoming ‘Fall of the Republic: The Presidency of Barack Obama’

Invisible Empire Official Trailer