Can it be saved? That is the question that should be asked instead.  Probably not, is the likely answer. Spending money on a bail-out of the US auto industry will be like pouring water in a bottomless bucket. US auto makers have created a market for themselves that allowed them to comfortably deliver 1950′s technology [...]

As the mortgage mess unravels and takes down more and more of the players, bits and pieces of information become available about who played central roles, and who benefited the most from unscrupulous lending schemes. One suprising conclusion that I drew is that much of this was in the making during the Clinton years, and [...]

Crude oil futures swung wildly again today, first rising to a record and then tumbling as investors wrestled with the latest developments. With little in the way of news to explain oil’s turnabout, analysts pointed to Saudi Arabia’s weekend decision to boost production and to Tuesday’s expiration of crude options, which are agreements to buy [...]