The United States will probably not face the same kind of crisis as Greece, for all sorts of reasons. But the basic problem is the same. Both countries have a bigger government than they’re paying for.via Economic Scene – In Greece, a Reflection of U.S. Debt...
But, according to the Congressional Budget Office, annual debt payments — currently about $200 billion — are set to skyrocket. CBO estimates that interest payments on the federal debt will total $916 billion by the year 2020.”Interest rates are going to rise and...
Click to see the big picture.GOOD.is | Transparency Contest.
Confusion over the names of two similar-sounding African countries may have helped boosted oil prices to near $80 a barrel this week as traders rushed to buy oil after reports of a military coup.A Reuters reporter received a flustered phone call from a hedge fund...