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Greek debt crisis a Goldman Sachs economic coup?

Journalist, entrepreneur and Russia Today opinion host Max Keiser traveled to Greece recently for a film project that looks at how the country came to be on the verge of default. The conclusion of his interview subjects, and indeed a large portion of the Greek population, is that Goldman Sachs,…

Prop designer wins legal battle over Star Wars helmet

Prop designer Andrew Ainsworth won a court battle on Wednesday in the United Kingdom against George Lucas over his right to sell replica Stormtrooper helmets. He designed the original costume for the white-clad Stormertroopers in the Star Wars series. The Supreme Court judges ruled the helmets were functional and not…

Gingrich semi-explains Tiffany’s debt: I like ‘nice things’

Former House speaker Newt Gingrich’s bid for the White House has not been able to outrun nagging questions about debt for months. It was revealed in May that Gingrich had a half-million dollar line of credit at jeweler Tiffany & Co., and he has mostly refused to answer any questions…

Palin: American capitalism is ‘foreign to our president’

Former Republican vice presidential candidate Sarah Palin told the Fox Business Network Tuesday that President Barack Obama doesn’t understand the American way of doing business because of his “background.” “The President is not capable of giving the right message to deal with the problem we are facing with the bankruptcy…

Airlines raise fees instead of passing ‘tax holiday’ to fliers

Airlines are enjoying a tax holiday after Congress failed to re-authorize the FAA Friday. But instead of passing those taxes savings onto the public, many airlines have actually raised ticket prices. ABC News reported Tuesday that airlines are pocketing $200 million a week as long FAA is shutdown. American, JetBlue,…

Trump to GOP: Force U.S. default to make sure Obama isn’t re-elected

Conservative real estate titan Donald Trump told Fox News Monday that Republicans should make sure President Barack Obama isn’t re-elected by refusing any comprehensive deal to raise the debt ceiling, even going so far as to suggest that the country should be allowed to default on its debts. “Obama doesn’t…

Sen. Schumer: Boehner is following the tea party

Sen. Chuck Schumer (D-NY) was a guest on Morning Joe Monday morning, where he spoke about the difficulties of finding a solution for the debt ceiling. Instead of a rational discussion, Schumer said, the conversation is being hijacked by the demands of extremist opinions, especially on the right. “Everyone likes…

Pawlenty suggests ‘chicken’ Obama ‘hiding in the basement’

Republican presidential candidate Tim Pawlenty Sunday accused President Barack Obama of “hiding in the basement” instead of speaking to the American people directly about his plan to raise the debt ceiling. “As important as the debt ceiling is, the other issues of whether we’re going to fix the spending problems…

Geithner: Never thought GOP ‘would take it this close to the edge’

Treasury Secretary Tim Geithner said Sunday that time was running out to get a deal in place to raise the debt ceiling before a possible U.S. default on Aug. 2. “The two key things are we take default off the table, the threat of default off the table through the…

Barney Frank: ‘There are worse things than default’

The top Democrat on the House Financial Services Committee reacted with outrage Friday to reports that a deal to raise the debt ceiling might include deep cuts to entitlements and only a promise of future tax reforms. “We’re told if nothing’s done by 2013, there would be a trade off…