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Paul Krugman: We live in the most unequal society ever, and it’s only getting worse

Americans may be living in the most unequal society that has ever existed, said economist Paul Krugman. The New York Times columnist and Princeton University professor said Thursday there is zero evidence to suggest extreme inequality is good for economic growth but plenty to suggest it’s not. “Nobody wants us…

Rick Perry backtracking after wife calls abortion ‘a woman’s right’

Texas Gov. Rick Perry (R) attempted to correct his wife on Tuesday, saying she misspoke when she referred to abortion as “a woman’s right,” Bloomberg News reported. “From time to time we’ll stick the wrong word in the wrong place, and you pounce upon it,” Perry was quoted as saying…

Detroit city officials misplace $1 million check for a month

Officials in the financially beleaguered city of Detroit misplaced a $1 million check made out to the city’s school system for a month. According to Bloomberg News, the fact that the check languished in a drawer, forgotten, for weeks from late February to March is another sign of the city…

China’s central bank ‘looking into’ Bloomberg News scandal

China’s central bank, which manages the world’s largest foreign exchange reserves, is looking into a growing scandal over the access journalists at Bloomberg News had to potentially sensitive data, reports said Wednesday. The People’s Bank of China (PBoC) is the latest major financial organisation to examine the controversy involving the…

Internal email shows Corzine ordered funds transfer as MF Global collapsed

In a shocking new revelation concerning last fall’s collapse of New York brokerage firm MF Global, it has been learned that CEO Jon S. Corzine personally ordered the transfer of $200 million out of a customer fund to cover an overdraft at one of the firm’s own accounts with JPMorgan…

Study: Obama has regulated business less than Bush

As Republicans accuse President Barack Obama of regulating businesses right out of their ability to create jobs, a new study by Bloomberg News seems to have knocked their talking point down. The agency reported this week that President Obama has written even fewer business regulations than George W. Bush did…

SNL’s GOP Debate on Marriott TV

Did you know there was a GOP debate after the Bloomberg News one on Tuesday evening? According to Saturday Night Live, there was, as the “Marriott TV” GOP debate was held right after. Suffice to say, this probably will not have any impact on the race. WATCH: Video from NBC,…

New Hampshire targets December primary after Florida’s move

If you thought the race for the Republican presidential nomination was a fierce battle, it may not be as passionate as to which state hosts the first GOP primary election. A day after Florida made it official by moving its primary up, New Hampshire is now considering to hold their…

Senate approves $60 billion more for wars and aid — for just four months

The US Senate has passed a supplementary funding bill worth some 60 billion dollars to finance the conflict in Afghanistan and other key projects including aid to quake-hit Haiti. The measure approved late Thursday by a 67-28 margin offers 33 billion dollars to fund President Barack Obama’s surge of 30,000…

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