The federal budget deficit will hit an unprecedented $1.2 trillion for the 2009 budget year, according to grim new Congressional Budget Office figures. Complete Story…
Archive for the ‘Economy | Finance’ Category
CBO projects $1.2T deficit for 2009
Posted: 7th January 2009 by Sus Scrofa in Economy | FinanceTags: CBO, deficit
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German Billionaire Commits Suicide
Posted: 6th January 2009 by Simo Häyhä in Economy | Finance, Oddly Enough, PoliticsTags: billionaire, loan, Merckle, share, suicide, Volkswagen
FRANKFURT (Reuters) – In killing himself German billionaire Adolf Merckle has become the latest casualty of the global financial crisis, his family saying on Tuesday he was broken by the struggle to salvage their business empire. Merckle, who was the world’s 94th-richest person in 2008 according to Forbes magazine, spent his life building a business [...]
Castration – Off With his Head!
Posted: 6th January 2009 by Simo Häyhä in Economy | FinanceTags: fraud, Madoff, money, Ponzi scheme, punishment
Madoff has caused losses basically equal to all the losses caused by all the conventional thieves in America for nearly three full years. Media accounts immediately labeled the disappearance of $50 billion, masterminded by Bernard Madoff, as the largest fraud in history. It is a greater wealth loss than having one of many household-name companies [...]
And the Bailout Money Goes To the Wrong Purposes
Posted: 6th January 2009 by Simo Häyhä in Economy | FinanceTags: bailout, billion, CEO, Economy | Finance, money
So far, the Treasury Department has injected more than $250 billion into the U.S. financial sector. But precious little has come back out in the form of loans that were supposed to help get the economy going again. In the meantime, banks have been anything but shy about using billions of dollars for other purposes, [...]
100 Things We Didn’t Know in 2008
Posted: 31st December 2008 by Sus Scrofa in Economy | Finance, Entertainment, Hot Chicks, Lifestyle, Mother Nature, Oddly Enough, Politics, Randomness, Religion, Science | Technology, SportsTags: 100 things, 2008, archives, facts, knowledge, last year, learn, mcain, what we didn't know, what we learned
100 things we didn’t know last year Interesting and unexpected facts can emerge from the daily news stories and the Magazine documents some of them in its weekly feature, 10 things we didn’t know last week. To kick off 2009, here are some of the best of last year. 1. Victorians believed smoking cleared the [...]