June 8th, 2011 - An unlikely party has waded into the U.S. national debt debate, China.  In an unexpected warning, China’s Li Daokui warned congressional Republicans to stop playing politics with the debt and raise the debt ceiling.  But why does China care about the U.S. Debt? China is currently the...
Vice President Joe Biden told university students, on his fifth day during a visit in Chengdu in southwest China, that Chinese investments are safe. "Please understand that no-one cares more about this than we do since Americans own 87% of all our financial assets.  We have an overarching interest in protecting the investment,...
The 45,000 Verizon Wireline workers that went on strike on August 6 have decided to return to work on Monday, without a new contract and no guarantee of any benefits. Feeling the pressure from half of all its Wireline workers out on strike, Verizon decided to extend the current contract...
Washington, D.C. - The U.S. Economy added 171,000 new jobs for the months of October and the consumer price index rose to its highest level in for years, both good signs that show Americans are ready and willing to start spending again. The unemployment rate, however, rose from 7.8 to 7.9...
London, U.K. - Germans have reacted with visible anger as Britain decided not to join the new EU Fiscal Treaty, dubbed the "Merkozy" plan by pundits. Alexander Graf Lambsdorff, head of Germany's FDP group, part of the European Liberals, goes as far as to say it was "a mistake to let...
Cupertino, CA Apple has announced that it has bought Beats for $2.6 billion in cash and $400 million in equity in a deal that is expected to clear regulators by the fall. The equity was designed as an incentive to keep Dr. Drea (Andre Young) involved with the future development of...
Mozilla had confirmed reports that it, along with Foxconn, are jointly building a new Smartphone or Tablet with their own operating system. Mozilla is the maker of Firefox and is the world's largest not-for-profit software maker and Foxconn is the world's largest electronics manufacturer according to revenue, building popular Apple,...
Orlando, FL The new iSquare Mall and Hotel was given the green light by Orlando city leaders to build and open a new large shopping mall and hotel on the corner of International Drive and Kirkman Rd.  The new mall will also feature a revolving restaurant at 360 feet up,...
Washington, D.C. - According to a federal review by six federal agencies, net oil imports to the U.S. is down 10% from last year and is on track to meet President Obama's pledge to reduce foreign dependence on oil by one third within 10 years. Meanwhile, domestic production is up,...
Minneapolis based Target has said it will make its temporary holiday policy of price matching its competitors permanent following disappointing holiday sales. Target is the nations second largest discount retailer after Walmart but widely considered a step up in quality of products and customer service. The new policy is effective immediately...