Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Ever since 9/11, counterterrorism has been the FBI's No. 1 priority, consuming the lion's share of its budget—$3.3 billion, compared to $2.6 billion for organized crime—and much of the attention of field agents and a massive, nationwide network of informants.
Scientists have found Earth's oldest fossils in Australia and say their microscopic discovery is convincing evidence that cells and bacteria were able to thrive in an oxygen-free world more than 3.4 billion years ago.
The official tally is that 23 NYPD officers lost their lives in the Sept. 11 terror attacks — but 45 cops have died of cancer since then, and hundreds more are battling the disease.
The immediate issue is a provision of the Dodd-Frank Act, the corporate and Wall Street regulatory overhaul act passed last year to address some of the financial abuses uncovered in the wake of the 2008 crash.
Israel Aerospace Industries unveiled over the weekend its latest development in the field of secret unmanned aerial vehicles - a miniature aircraft weighing four kilograms, known as GHOST to foreign customers.
Laid-off workers and aging baby boomers are flooding Social Security's disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.
The Federal government of the United States of America has now become no better than a group of racketeering Mafiosos, running a protection racket on the American people. Of course, they hide behind the veil of “permits” and “city ordinances” in order to hustle American citizens into forking over their hard-earned cash in exchange for protection from so-called authorities.
An Italian doctor has been getting dramatic results with a new type of treatment for Multiple Sclerosis, or MS, which affects up to 2.5 million people worldwide. In an initial study, Dr. Paolo Zamboni took 65 patients with relapsing-remitting MS, performed a simple operation to unblock restricted bloodflow out of the brain - and two years after the surgery, 73% of the patients had no symptoms. Dr. Zamboni's thinking could turn the current understanding of MS on its head, and offer many sufferers a complete cure.
