A crisis is underway in Sacramento. The state of California has a $24 billion budget gap. With no solution on the horizon, lawmakers have just five trading days to resolve the issue.
If the state can’t meet its debt obligations in time, it faces the prospect of a possible multi-notch downgrade. Add this to the fact [...]

As the markets held their collective breath while President Obama announced his proposals an overhaul in regulation of the financial system, one of the most important and influential lobbies in American politics was quick to voice its concern. That lobby is the American Bankers Association, and regardless of which party is in power, it has [...]

Yesterday the Food and Drug Administration advised consumers to stop using Zicam, a zinc-based over-the-counter cold remedy, because its use has been associated with the loss of sense of smell.
Some 130 cases have been reported since 1999, when the product was introduced. The news affected three products: a nasal gel, a nasal swab and a [...]

On the vast windswept Wyoming prairie a quiet revolution is taking place. That’s where several companies are working to build a power plant that uses the most promising environmentally friendly technology in the country. You’ll be more amazed when you see the enormous financial implications of this game-changing technology.