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OPEC Defers Decision on Output Cut, Seeks $75 Oil.

So it's back to the $75 a barrel number. That is not going to fly well with countries that need over $100 a barrel to break even the government expenses. That would be Iran and Venezuela for...

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Democrats lose chance for full control of Senate.

The polls are in in Georgia. The Republican incumbent, Saxby Chambliss, held on to his seat. With 96% of the vote counted, Chambliss took 57% to Democratic candidate Jim Martin's 43%.The Republican...

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Gas prices fall for 75th day.

Will it fall any farther? Who cares? I can't afford to spend money on any trips or whatever...The article reports that gas prices fell for the 75th consecutive day on Monday, and sold below $2 a...

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Divided opinion on Holiday sales.

CNNMoney has the article here. The author, Paul R. La Monica, notes,Sales over the Thanksgiving long weekend were surprisingly strong. The National Retail Federation estimated that consumers spent...

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Obama leaving "Liberal" for "Authoritarian" already.

He's not even President yet, and he has abandoned the Liberal for the Authoritarian. According to VOAnews, President-elect Barack Obama says bank executives should forgo their annual bonuses this...

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India being hit with coordinated terrorist attacks.

Witnesses caught up in the terrorist attack on Mumbai have spoken of how they ran for their lives, smashed windows to escape and sheltered in hotel rooms as the horror that has claimed more than 100...

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Big companies have to mute holiday parties.

Poor babies! "We won't be putting out the good champagne this year, crew." Waaa haaaa haaaa. USAToday reports about the scaling back."For the most part companies are being cautious," says Jim Alkon,...

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Syria wants nuclear power plants.

Sounds legit. Not! Well, who knows anymore?Western nations of the IAEA clashed with Russia, China and developing states on Monday over whether to grant Syria's bid for U.N. aid in planning a nuclear...

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Astronaut invents zero-G coffee cup.

This is interesting. USAToday reports that NASA astronaut Don Pettit found a way to drink coffee from a cup, instead of the traditional straw, on his day off Sunday aboard the International Space...

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Congressman Waxman ready to further ruin the country.

Congressman Waxman is now the head of the House Energy and Commerce Committee. What does that mean to Americans?For starters, Congressman Waxman is from California. You know, the "anything goes"...

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Antiwar groups protesting Barack Obama's hawkish Cabinet choices.

And there's a surprise here? There were no people to vote for that did not vote for the Iraq war. So why should one think Obama's cabinet should not reflect the policies of the President they are...

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Why don't cars get 50 mpg?

I found this article as a link in Newsweek in another article. It's from a few months ago, but still interesting.In Europe the average mileage is 43mpg, and in Japan, the average hits 50mpg. In the...

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Crude Oil Tumbles to Lowest Since May 2005 as Consumption Drops.

They said we might see $50 a barrel. Today it's $49. Of course they said it might be $200 a barrel.Oil has dropped nearly $100 from its July record as the world economic crisis reduced global demand...

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Drone kills 5 Al Queda in Pakistan mountains.

An unmanned U.S. drone killed an alleged Al Qaeda fixer (Saudi, Abdullah Azzam al-Saudi,) and four associates along the Afghan-Pakistan border, according to reports from the region and a Western...

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Many Dealings of Bill Clinton Are Under Review

Ut oh. More trouble for the Clinton family. Things were quiet after President Clinton had been tearing Obama a new one during the primaries.Now he wants the wife to be Sec. of State, so some deals...

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Economists on the stimulus; It won't work.

Here's some uplifting news. President-elect Barack Obama and House Speaker Nancy Pelosi may throw as much as half a trillion dollars worth of stimulus at the economy - and have little or no growth to...

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Obama Says He Will Do `Whatever It Takes' on Economy.

Interesting how the title of the Bloomberg article is "Obama Says He Will Do `Whatever It Takes' on Economy." How long has he been in Congress? Hmmm.Ok. Well how long as a member of Congress with the...

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Lawmakers, Investors Ask Fed for Lending Disclosure.

More people are trying to force the Feds to reveal the donors of the $2 trillion. At least five Republican members of Congress Thursday called for the Fed to disclose which financial institutions are...

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International Con Man Barack Obama Leaves U.S. With $85 Million In Campaign Fund

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Obama chooses "questionable" economic advisors.

Bloomberg has some very interesting financial news. President-elect Obama chose 17 people last week for his Transition Economic Advisory Board. We all know how Michael Moore and others had problems...

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Oil Falls to 19-Month Low, Gasoline Tumbles, on Demand Outlook.

And we might just get the $50 a barrel mark. Demand is getting lower by the moment. March 2007 was the last time it was this low on Wall St. The US dollar is gaining and oil is dropping.It's all...

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Albright calls war in Iraq America's 'greatest disaster'

Isn't this the same crazy loon who said President Bush was holding Osama Bin Laden until after his 2nd run for the Presidency just to get himself into the White House? I thought so.This time she told...

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Feds not releasing donor's names of the $2 trillion of emergency loans.

Where is the bail-out money going? No one knows. And no one is telling. The Feds said in September they would comply with congressional demands for transparency in a $700 billion bailout of the...

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Circuit City Seeks Bankruptcy.

Well, could be a good time to buy electronic Christmas presents from Circuit City. They have been doing bad financially for a while. Now it looks like throwing off the freight won't stop the sinking...

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Pelosi Backs Including Tax Cut in U.S. Stimulus Plan.

What the? I can't believe the Dems would agree with anything the Reps have done in the Bush administration. But the tax cuts brought in record tax revenue at the Federal level. Believe it or not.This...

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