"There's going to be growing conflict between the classes and if people are unemployed and really hurting, hell, there could be even riots!" said Brzezinski, President Jimmy Carter's national security advisor, in... [full story]

Federal Deposit Insurance Corp Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, as she responded to an industry outcry against new fees approved... [full story]

Gold gets more than its share of attention when prices are rising. This is particularly true when key technical levels are in sight or being breached, as well as psychological barriers like US$1000 per ounce that was broken... [full story]

Canadians have become more cautious about their personal finances as economic conditions deteriorate and consumer bankruptcies rise, with the pace of household credit growth almost halving in the past six months, a CIBC World... [full story]

The United States spiralled deeper into recession at the start of 2009, forcing widespread cutbacks and layoffs among everyone from blue-collar workers who once churned out construction equipment to white-collar professionals... [full story]

Patricia Greenberg’s townhouse in Irvine, California, was losing about $10,000 a month in value when she received a letter in February 2008 that looked too good to be true: An investor was offering to cut her $472,000... [full story]

Stocks rose around the world, oil and metal prices rallied and Treasuries fell on speculation China will broaden efforts to boost growth and U.S. lawmakers will reach agreement on a plan to stem mortgage defaults. Alcoa... [full story]

Just when you think it can't get much worse with the banking crisis, wait until the Pension Funds start to come clean.  The bailout party is just begining.   First they steal your home equity, then your money... [full story]

The Federal Reserve chairman, Ben Bernanke, told lawmakers Tuesday that the United States could be in for "a prolonged episode of economic stagnation" if they did not forcefully address the nation's financial crisis,... [full story]

As expected, the Bank of Canada cut its key benchmark-lending rate on Tuesday by another 50 basis points, to 0.50%, to spur an economy that it acknowledged is deteriorating at a faster pace than expected, and indicated it... [full story]