Trumps business plan is a disaster in the making and bottom line is Trump is a risky, reckless, and radical choice and we can't afford to make that choice, says Michael Bloomberg. » Read More
Imagine that you are a small business owner who has a thin two to five percent profit margin during a tough economy and are trying to avoid laying off workers. On top of this, the federal government will begin keeping 3% of the money it owes you until the Internal Revenue Service acknowledges – months or years later – that you had already been paying your taxes. Although Halloween is just around the corner, this isn’t just another scary story.
Texas Gov. Rick Perry, seeking to jump-start his GOP presidential campaign with a 20 percent flat tax, said “I don’t care” if his plan gives millions to wealthy Americans because he says it will accelerate economic growth.
"President Obama is taking action." At least that's what the blog on the WhiteHouse.gov says today in describing the president's trip to Las Vegas. "We can't wait to help homeowners," it goes.
"When I look at Zuccotti or McPherson or Grant Park, I’m not surprised the Occupiers don’t have a fixed agenda, writes the best-selling author," adding, "For decades, we’ve been like a tether ball in a schoolyard, pummeled by so much abuse from so many different directions that we’ve just spun around in circles. Now, the Occupiers are stopping the ball."
Filmmaker Michael Moore shares his views on the movement to occupy Wall Street. "Don't the American people deserve their answers and some justice?" he says. "People are in Wall Street because this is the core of the problem."
The currency markets have been all about Europe all week long. Here's a way to trade the upcoming debt-crisis meetings.
CNBC's John Harwood with a look inside the numbers of two competing flat tax plans from Rick Perry and Herman Cain.
This is part of an on-going series of blog posts to hear from those involved with Occupy Wall Street; what they're about, what they want and how they want to see the country improve.
"We're in a situation, if you were scripting a disaster movie, you really couldn't build the tension better," one analyst told CNBC.
The debt crisis afflicting the euro zone is a condition that can be delayed but ultimately cannot be resolved, David Murrin, chief investment officer at Emergent Asset Management told CNBC.
It’s getting colder in London. We had a lingering summer, but that is over. Not such a great time to be on the streets for any longer than you have to. The central heating goes on and the thick duvet is very welcome.
Former British Prime Minister Gordon Brown has called on the United States to show leadership on the global economic recovery at the next G20 Summit to be held in Nice, France next month.
Many of the productivity gains in China have taken place mainly in the export part of the economy, while productivity growth in many purely Chinese firms has lagged behind. Can future gains in Chinese productivity be large enough to compensate for a decreasing working population and big wage increases?
In a Democracy, debating is very healthy but both parties should be respectful, says Sen. Charles Grassley, (R-IA), who weighs in on immigration issues and free trade.
The cautious are paying for the profligate, not only by sacrificing their tax money to save banks from collapse but by seeing their savings eroded by negative interest rates.
Most people who have a mortgage are doing very nicely, thank you very much, out of lower interest rates.
It was a striking display of unity: Rupert and James Murdoch, father and son, walking side by side through central London as they faced a crisis that had laid siege to their company. Pushing through a crush of paparazzi on a street not far from Buckingham Palace, James reached out to place a reassuring hand on his father’s back. .
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Two market crashes and a couple of recessions later, 25 percent of all boomers don’t have anything saved for retirement and now find themselves in dire need of government services and potential bailouts of math defying pension plans.
"I'm amazed that this is a unique idea that we've got to cut," says Rep. Ron Paul (R-TX). He continues, "in order to get back to growth again, you cannot keep dumping debt on the people. It will dig a much bigger hole."