LIHEAP funding cut in half under Obama proposal [REACTIONS]
President Obama's proposed budget cuts to the (Low Income Home Energy Assistance Program) LIHEAP may be a big blow to the millions of households who depend on it for heating assistance this winter.
Bernard Madoff criticizes bankers, bashes media for treatment of his family: NYTimes Interview
Bernard Madoff, the man behind a brazen $65-billion Ponzi scheme, criticized bankers and big investors for “willful blindness” regarding his fraud and bashed the media for its treatment of his family.
Bernie Madoff: They Had to Know
They had to know, said the jailed former fund manager Bernie Madoff, referring to bankers and investors who should have been able to uncover his Ponzi scheme.
US STOCKS-M&A, Dell earnings lift futures
Stock index futures rose on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
Janabi (Curveball) admits to lying about Iraqi biological weapons program: Guardian
Rafid Ahmed Alwan al-Janabi, whose codename was “Curveball,” admitted lying to Western authorities about former Iraqi President Saddam Hussein’s biological weapons program.
Caffeine overdose leads to serious risks, even deaths [LIST]
A recently released study from researchers at the University of Miami – titled Health Effects of Energy Drinks on Children, Adolescents, and Young Adults – references and lists many side effects of caffeine overdoes/overconsumption.
Moussavi and Karroubi executions called for by Iranian parliament members [VIDEO]
Iranian state-run TV showed a clip of parliament members chanting for the execution of Mehdi Karroubi and Mir-Hossein Moussavi, reported CNN.
Watson takes on humans on JEOPARDY! [VIDEOS]
Watson finished its first (of three) round of bout against legendary human players Ken Jennings and Brad Rutter. It is tied for first with $5,000 with Rutter while Jennings has $2,000.
5 surprising and dangerous counterfeit products [PHOTOS]
Most people know that handbags and digital goods are counterfeited around the world. However, unbeknownst to many, counterfeiting involves much more than these products.
Top 10 Power Dunkers of all Time [PHOTOS]
Power dunkers are a special breed. They simply assert their raw athletic superiority over their opponents and dunk hard over them. It doesn’t look too fancy, but it gets results.
Who is Robert Indiana, designer behind Google’s Valentine’s Day Doodle?
Today is Valentine’s Day and Google has a Doodle, based on the design of Robert Indiana, to match the romantic holiday.
China world’s top economy, Americans think: Gallup
China is the top economy in the world, the majority of Americans believe, according to the latest Gallup Poll.
US producers stuck between higher costs and cheap buyers [CHART]
As earnings season gets underway early in 2011, investors should perhaps look at the profit margins of producers, especially those who need to buy raw materials to make their products.
Wheat prices fall, despite China drought fears
Wheat prices have fallen for the second straight day, despite scares about a drought in China.
UK manufacturers face margin compression, will BOE raise rates?
Margin compression is a nasty thing in business. According to government data, this is precisely what UK manufacturers are facing.
S&P 500 Companies earnings for Friday, February 11 session
Below is the list of earnings from S&P 500 companies relevant to the trading session of Friday, February 11.
China Currency Bill Introduced by Senators Snowe, Brown [FULL TEXT INCLUDED]
A bill that seeks to punish China’s undervalued currency with import tariffs was introduced on Thursday by Senators Olympian Snowe (R-Maine) and Sherrod Brown (D-Ohio).
Time for Portuguese debt crisis?
On Thursday, yields on the Portuguese 10-year sovereign debt reached an all-time euro-era high of 7.6 percent.
Wright Express earnings release and conference call for Q4 2010
Wright Express, a company that provides mostly fuel payment processing services to commercial and government automobile fleets, release earnings results for Q4 2010.
Whole Foods earnings report for Q1 2011: a detailed breakdown
Whole Foods (NASDAQ:WFMI) released a stellar earnings report for the 16-week Q1 ended January 16, 2011.
Consumers are borrowing again: is that a good thing?
Consumers have started to borrow again after 19 consecutive months of paying down their debt. Assuming this trend continues, what does it mean for the US economy?
Peak oil theory raised by Husseini of Saudi Arabia: Wikileaks
The issue of peak oil was raised by Sadad al Husseini, a former top official at Aramco, Saudi Arabia's oil monopoly, in conversations with US officials, according to Wikileaks.
China drought threatens wheat production, prices have been rising: FAO [REPORT EMBEDDED]
A “severe winter drought” in China threatens to put wheat production at risk, stated a special alert from the Food and Agriculture Organization of the United Nations.
COLUMN: Payrolls gain, the golden indicator for 2011 and beyond
Payroll gains are the golden indicator for the US economy at this time because it reveals conditions in crucial areas and is the catalyst for the next step of the recovery process.
COLUMN: There is a price to pay for competitive devaluation
Policymakers are operating under the fallacy that the lower one's currency is, the better it is for the economy.
China raises interest rates, on receiving end of Federal Reserve
China raised interest rates for the third time since the height of the financial crisis in response to accelerating consumer and asset inflation. The inflation rate and the interest rate hikes in the country are stages of a normal economic cycle, although it's happening with an international twist.
Gasoline may head towards $5 per gallon, unless we produce more oil: Hofmeister
The price of crude oil - and the consumer products like gasoline and diesel fuel that are made from it - will head higher in the summer months, said John Hofmeister, former CEO of Shell Oil.
Can Bruce Berkowitz unlock value in St. Joe? So far, the market thinks he can
Famed mutual fund manager Bruce Berkowitz of Fairholme Funds dropped a bomb on the investment community of the St. Joe Company (NYSE:JOE) on Monday.
EUR/USD Long Thesis: Faros Trading
EUR/USD is headed higher, said Douglas Borthwick, head of trading at Faros Trading, a foreign exchange advisory and execution firm.
6 Arguments Against Quantitative Easing (QE): Adam Fergusson
“A central bank should have only one duty, which is to protect the value of its currency,” said Adam Fergusson.