It looks very much as if we lose one of Wall Street’s better known firms in the next few days, if not tomorrow. Talks to bail out Lehman via a take over by Barclays Bank of the UK have broken down and now the only option seems bankruptcy. Here’s the latest from the New York […]

Lost within the election buzz, and hidden behind Sarah Palin’s persistent lying, is the latest news from The Congressional Budget Office on the federal budget. I suppose that’s good news for John McCain because the news is not so rosy. The Federal deficit is projected to rise to $407 billion this year from last year’s$161 […]