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Economics : Business & Finance

Greece's Syriza Threatens to Stop Paying Their Bills

It appears that the head of Greece's radical left party believes that there is little chance that Europe will cut off funding to the country, and if it does, Greece will repudiate its debts. Seriously...

Developments Leading to the Icelandic Financial Crisis

The Icelandic financial crisis was surely due to a systemic malady and also due to the over-valuation of Kroner, apart from a whole host of other reasons. But, what happened on various sectors that led to the financial crisis in Iceland is important to be known.

Can Struggling Cities Shrink Their Way To Health?

Luther Gordon, 54, has lived in the same Detroit neighborhood for more than two decades, as he told The New York Times. He doesn't plan to leave his city, but his city should be thinking about leaving him.

The Costly Differences Between Socialism and Capitalism - California Vs Texas

There is a little known laboratory experiment being conducted in the United States pitting two economic systems against one another. Those systems are Socialism and Capitalism. This experiment is taking place in two of the largest states in the country, California and Texas, with California represen

Steering Your Way Through the Economic Tempest

America has been on a heightened state of alert since September 11, 2001, ever on guard against terrorists seeking to destroy our capitalist, free enterprise system from without. But, while we were watching our borders, another sinister threat to our nation was silently spreading within - from Wall

Obama Stimulus Watch - What's in the Plan?

The 2009 Obama Stimulus Plan is estimated to cost more than the Vietnam War with figures adjusted for inflation.You have most likely heard about the Stimulus Plan but you may not know exactly what is in it.That's understandable because congress doesn't appear to know either.

The Economic Importance of Better Housing Starts

We all hear that housing starts are on the way up, but what does that mean? Why is it important? We look at the economic importance of better housing starts in this brief article.

Lending a Helping Hand to Friends and Family

If you know a friend or family member that is on the verge of losing their home or has already been left homeless, there are ways that you can help. Give them a place to stay, help them find a job, buy food or watch their kids so that they can look for work. Your help can prevent them from entering

Personalized Checks on the Hugeness of Government

"Whenever you have an efficient government you have a dictatorship." - Harry Truman, 33rd U.S. president. Even the wrong-sided economist, John Maynard Keynes said: "The avoidance of taxes is the only intellectual pursuit that carries any reward." So when will you ever see a box o

Poverty Doesn't Equate to Poor

Why do most people use poverty and poor synonymously? These two words have very different meanings and will require some social engineering in order to get people to use these words in the right context.

Capitalism Works!

Why has socialism been abandoned almost every where? Why do productive governments emulate capitalism? What made American capitalism out produce all other industrial societies? Why are American workers still the best?

How Soon Will Saudi Arabia Turn to Nuclear Energy?

How soon with Saudi Arabia join the nuclear club? You might be surprised with our investigation. How will this change the world's energy picture? Water desalination will be the driving force behind Saudi's entry into nuclear energy.

Sub-Prime Lending Disaster Cometh

In the late 1980s and early 1990s we had the junk bonds and the S & L Scandals and now we have a crisis in the sub-prime lending banking sub-sector. During the height of the real-estate bubble too many loans were being made to folks who had marginal or less than marginal credit. Loans were made well

The Recovering Economy

As the nation became battered financially by the global crisis, one of the most affected sectors was the banking industry. Because the economic downturn led to people losing their jobs and other source of incomes, many banks had to take losses from the loans that these people have made before. Thing