Every generation has to deal to some extent with the challenge of reminding the next generation of its roots. It has been so as long as man has walked this planet. Take for example, Moses after he had led the Israelites out of Egypt to the Promised Land. Listen to his first State of the Union Address as he challenged them to remember who they were and how they came to be: And these words that I command you today shall be on your heart. You shall teach them diligently to your children, and shall
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Deputy Assistant FBI Director David Cardona wants people to know mortgage fraud isn’t going away. Cordona’s team that focuses on white collar crime reports that the number of FBI mortgage fraud cases pending in 2010 rose 12% from 2009. For now, prospects are for the problem to continue. What makes these FBI statistics most troubling is that this rise in mortgage fraud has occurred in spite of increased public awareness, intensifying focus on the crime by law enforcement, and much stricter borrowing standards by banks and other lending institutions. As a result, the FBI issued
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As anyone who has ever tried to fix a bank error knows from bitter experience, banks often don’t seem to care about individual customers. For years they have operated as arrogant giants in the market, steamrolling over customers and charging exorbitant fees for any infractions. Sadly for the backroom boys, times have changed, and customers
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The decline of the dollar is being followed with interest by America’s rivals around the world. Currently, the greenback is at three year lows against key competitor currencies such as the Euro and the Swiss franc. It’s setting new records for lows against the reminbi (which doesn’t even trade freely!) and even Brazilian reals and
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Paul Ryan has dared to take on a political untouchable – Medicare. As a result, the airwaves are filled with an endless chorus of talking heads chittering away at all hours about the effects of his proposed changes. It’s been called everything from the one possible savior of the fiscal health of the nation to
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The American economy is in such a woeful state that even the most willfully optimistic organizations world-wide are having a hard time denying the truth. A classic case in point is the rating agencies. They maintained that junk mortgage securities were AAA or at the very least BBB well into the housing implosion. Thus, it
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In these pages you have a wealth of information about the coming end of the Age of America. Now,courtesy of the International Monetary Fund (IMF), you can also have a date. The party’s over in 2016. This isn’t to say that the world as we know it is coming to an end in a “It’s
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If you’ve filled your tank lately, you already know about rising gas prices. Nationwide, the average price at the pump is a painful $3.55 per gallon, and the summer travel months aren’t even here yet!  Unfortunately, the way world events are unfolding, it may be time to brace yourself for higher prices at the pump.
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Each spring, millions of families wait by the mailbox for that all-important college acceptance letter. This simple piece of paper holds the verdict on weeks of application work, and could very well be the key to the kind of future students will have. Yet with the economy continuing to struggle and student loan debt a
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The 2008 economic crash was painful for millions of average Americans.  While the crash has been blamed on a number of factors ranging from the cratering housing market to a spike in oil prices, a new report from the Pentagon is pointing fingers in a new direction.  The recently unclassified 2009 report, “Economic Warfare:  Risks
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