I am very much intrigued and supportive of the proposed changes to the way student loans are issued nationwide. This is a topic that is very dear to me because of the substantial sum of student loans I am currently carrying and will need to take out in future years in order to continue my education. Under the current system, [...]

The mess created by the government getting involved in propping up banks has made every US taxpayer a “shareholder” in these banks and highly critical of every little thing that goes on behind the scenes. I strongly oppose Congress’ proposal to slap a 90% tax on the bonuses being given to some AIG employees. These people have contracts and have [...]

OPEC announced a historic cut to oil production today and the market sold off significantly, sending crude oil prices down over $3 a barrel to just over $40. I think the market is oversold, by a significant margin, and this is a tremendous buying opportunity for oil related investments. While the global economic recession is certain, the world’s appetite for [...]

I really dislike it when erroneous pieces of pork are rolled into otherwise legitemate legislation. The Auto Bailout should be just that, for the auto industry. There shouldn’t be money going to cattle ranchers, soybean farmers or makers of those little drink umbrellas and certainly not a pay raise for the nation’s U.S. District judge. But that’s exactly what’s being [...]

Customers of a Walmart in New York trampled to death an associate at the start of Black Friday shopping after breaking the doors off the hinges to get inside. It’s really sad that people are this messed up that they feel the need to break down doors and trample innocent people to get a low price on a plasma TV [...]

The SEC charged Dallas Mavericks owner Mark Cuban with insider trading today. He is accused of selling 600,000 shares of Mamma.com stock in 2004 with knowledge of a future issuance of stock at a lower price that saved him over $750,000 in potential losses. I have to wonder why these multi-billionaires feel the need to take risks like this over [...]

Barack Obama made history tonight as the first African-American to be elected to the office of President of the United States. At only 47 years old, Obama is also one of the youngest elected presidents in history. [tags]barack obama, president, united states, democrat, election, shaun carter[/tags]

Washington Mutual has become the largest bank in United States history to fail and be seized by the Federal Deposit Insurance Corporation. This move was not necessarily a surprise as many analysts have been predicting WaMu’s demise for a while now. The sheer size of this failure is staggering – $308 Billion in assets. JP Morgan had to step in [...]

NASA has just confirmed that there is water on the planet Mars. I feel like this should be akin to landing on the moon in terms of scientific significance. Now that the Phoenix lander has proven the existence of water, it’s modified mission will be to find out if the surface of the red planet is conducive to supporting life [...]

France’s parliament passed a law that has effectively banished the infamous 35 hour maximum workweek the country’s citizens have enjoyed for the past 10 years. French President Sarkozy has been making many changes to his country and has proved quite unpopular among much of the population. I always thought of how nice it would be to have a 35 hour [...]