1. Banks Go for Broke......and They're Almost ThereA game of chicken. That's really what it's come down to for banks. Listening in on the Pulte Homes (PHM) conference call this morning, Richard J. Du

For decades, gambling has been the preferred arrow in state policymakers’ budgetary quivers, the thinking being that even in poor economic times, tax revenues from gambling would continue to gr

As every school child knows, water is formed by the two elements of hydrogen and oxygen in a very simple formula we all know as H2O. Today we start a series that starts with the question: What are th

Greetings from New York where it’s hot and I have yet to find someone to play full-out hooky with me on the golf course. Thus I’ve gone from taping a Macke Unmuzzled video (this time feat

California, long the Land of the Loon, is now floating another loony idea: Legalize marijuana and tax it in an effort to close the budget gap.A state slug, cranking his (alleged) brain up to 40 watts

When the value of your house starts heading to south, there isn't a lot to be thankful for. Some homeowners, however, are looking for a silver lining. The New York Times reports that homeowners acros

Over time people have become confused between money and wealth. This is precisely what central bankers have had to do to convince consumers to borrow and spend recklessly. If any part of the US gover

It's official: California is broke. For months, the most populous US state has been in the throes of a historic budget crisis, as lawmakers have repeatedly failed to agree on how to resolve a $2

1) Obama Administration Plans to Shift Even More Power to the Federal Reserve According to Bloomberg, the Obama administration is planning to call for removing some regulatory powers currently held b

1. Something You Actually DON’T Need to Know… Bank Stress TestsIt may be a touch unorthodox to lead off Five Things You Need to Know with One Thing You Don&rsqu