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Markets Can't Rule Themselves
Mon, 05 Jan 2009 23:50:09 GMT    Comment   

For years, there has been an ongoing discussion among world leaders and thinkers about deficiencies in the international financial architecture and about economic imbalances, including the widening U.S. trade deficit. Many worried about a disorderly unwinding of these imbalances. Nothing was done. ...


U.S. gas tax needs hike, overhaul: commission
Mon, 05 Jan 2009 23:47:48 GMT    Comment   

U.S. drivers need to pay more gas taxes and new user fees to fix crumbling roads and bridges and ease congested highways, a transportation commission is set to recommend to Congress later this month.


SEC Said to Examine More Ponzi Schemes After Madoff
Mon, 05 Jan 2009 23:46:56 GMT    Comment   

U.S. regulators working to untangle Bernard Madoff a s alleged $50 billion Ponzi scheme are probing other money managers suspected of using similar tactics, two people with knowledge of the inquiries said.


Bleak Sales in December Cap a Grim Year for Automakers
Mon, 05 Jan 2009 21:17:14 GMT    Comment   

Vehicle sales in the United States tumbled more than 35 percent in December, dragging the Detroit automakers' full-year totals down to their lowest levels in nearly half a century.


Group Sues to Force Overhaul of Chesapeake Cleanup
Mon, 05 Jan 2009 21:08:03 GMT    Comment   

A group of activists, watermen and former officials filed a lawsuit this morning against the U.S. Environmental Protection Agency, trying to force an overhaul of the troubled government campaign to clean the Chesapeake Bay. .



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Prosecutor wants Madoff jailed immediately
Tue, 6 Jan 2009 01:12:50 GMT    Comment   

After the hearing, the judge allowed Bernard Madoff to continue serving house arrest for now.A prosecutor says disgraced financier Bernard Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives, and wants him jailed.