The G8 operates under the guise of real leadership, when really the summit has become nothing more than a glorified vacation for the world’s most powerful leaders. But as we’ve seen in the past and present, power does not equal intelligence.

President Obama ordered treasury secretary Timothy Geithner Monday to take all legal action needed to stop the payment of nearly $165 million in bonuses handed out by AIG to its executives, according to IHT.

If one was to judge by the calendar alone, the 21st century started eight years ago this week. Although, when people refer to the 21st century in conversation, often they aren’t talking about the specific time period between January 1, 2000 and December 31, 2099, but the attitude, philosophy, and technological savvy that is becoming [...]

(ARA) — The days of frivolous spending habits have passed. We’ve managed to admit we’re in a recession, but how exactly do we shop — both for pleasure and for necessities — during these hard economic times?
The ways to save money these days are countless and living on a tight budget is not as difficult [...]

Santa Claus is feeling the sting from of the economic crisis and says if he does not get help from the the U.S. Government, Christmas, which accounts for about 25 percent of all retail spending, may not be able to survive.

While Americans hope President-elect Barack Obama can live up to almost two years of hype, citizens around the world are hoping some of that “change” spills out in their direction.

The speculation over who will serve in the Obama administration continues at a fever pitch. Some early media reports suggest that some of Obama’s picks may run counter to the “change” narrative that has dominated his campaign for two years.
The Associated Press is reporting that Rahm Emanuel has been asked to serve as Obama’s Chief [...]

They debated, for the second time, their positions on the economy, health care and energy independence, as well as a host of other issues affecting Americans all over the country.

Strangely familiar…

As the government prepares an economic bailout that could cust as much as $700 billion, one group calculates that American taxpayers and families will be left with the tab — despite what both candidates are saying about lowering taxes.
WashingtonWatch.com says American taxpayers could be hit with $2,000 and families with $6,500 in extra costs from the [...]

While the rest of the economy may be in the tank, Adobe’s earnings beat expectations.
Tuesday, Adobe said it earned 50 cents per share in its fiscal third quarter, which ended August 29. That beat Wall Street’s expectations of 46 cents per share and its own estimates of 39 to 41 cents per share.
Revenue climbed 4 [...]

The following is a statement released by the Federal Reserve Tuesday regarding American International Group Inc:
The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under Section 13(3) of the Federal [...]

The Federal Reserve admitted strains to the markets have “increased significantly” but it kept the federal funds rate unchanged at 2 percent.
In a statement, the Fed said “strains in financial markets have increased significantly and labor markets have weakened further.”
Read more.

The stimulus checks did…er..uh…just that.