The S&P has rallied 19 percent in 2013, which is impressive by any measure. But the market did far better in 1987, when stocks added more than 30 percent from the beginning of the year to Aug. 8. The market ended up tanking in the second half of that year—dropping 36 percent from the Aug. 25 peak to the October low, before closing out 1987 nearly exactly where it began. Marc Faber predicts it will happen again.
A coalition of Republican congressmen have introduced the Stop Pay for Violent Offenders Act, which would suspend pay for military service members if charged with a violent offense, including rape, sexual assault, or murder.
Some government officials seem to live in a time warp as they pursue a murky deal to “solve” the dissipating housing crisis by marrying government power with private enrichment.
Perhaps you’ve heard the radio or TV commercials sponsored by the Department of Health and Human Services urging seniors to report instances of Medicare fraud. One might even be tempted to praise it, were it not for what the Obama administration is doing with the other hand.
Two Democratic lawmakers from Illinois worked to help lift economic sanctions against Zimbabwe after being targeted by an illegal $3.4 million lobbying scheme, according to FBI testimony unsealed in federal court.
Derek Medina’s life was open to the world. On Thursday, Medina shocked many by making one last announcement on Facebook — he had killed his wife, Jennifer Alfonso, 26, before posting a photo of her twisted, bloodied body lying on a linoleum floor.
Federal regulators are having a busy summer as they go after the nation’s two biggest banks for mortgage securities they issued before the financial crisis.
In a move some claim is tantamount to social engineering, the Department of Housing and Urban Development is imposing a new rule that would allow the feds to track diversity in America’s neighborhoods and then push policies to change those it deems discriminatory.
House Republicans suspect election officials joined with the Internal Revenue Service in a strategy that curbed the effectiveness of conservative organizations in the 2012 election.
Tuesday night, President Obama made headlines during his appearance on “The Tonight Show With Jay Leno,” one of his numerous appearances over the years (back in 2009, he was the first sitting president to appear on the show). The President talked with Jay about a myriad of topics such as the NSA (he says that we don’t have a domestic spying program), the threat from Al Qaeda, and Trayvon Martin. However, it was when the discussion turned to infrastructure that the president failed on some fairly basic American geography — and it’s not getting much attention.