The US is like a drunkard who charges to war with anyone who might pose a threat, ex-Senator and former US presidential candidate Mike Gravel says. Read More

Public spending is under assault from the United States to Europe in the name of fighting deficits. Nobel Prize-winning economist Paul Krugman argues in his new book, “End This Depression Now!”, that the hysteria over the deficit will constrain an economic recovery in a time of high unemployment and stagnating wages. Read More

(Reuters) – Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greececould leave the euro zone bloc, threatening the future of the common currency. Read More

Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said. Read More

Weekly Iran News & Analysis

By Dr. Mohammad Sahimi Read More

U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest closing level since January, amid a decline in a gauge of leading indicators and as Moody’s Investors Service is said to downgrade Spanish banks. Read More

(Reuters) – Spain’s borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price. Read More

PolitiFact has completed lengthy research on Obama’s campaign promises and  the results are in. According to their analysis, 35 percent of his promises have  been kept while only 13 percent have been officially broken. The remaining chunk  of the President’s pledges fall into the murky categories of compromise, stalled  or “in the works.”

Europe’s debt crisis, higher oil prices and the year-end budget cuts and tax increases still remain risks to the U.S. economy, Treasury Secretary Timothy Geithner said on Thursday. Read More

NEW YORK (CNNMoney)  — Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.

Total foreclosure activity for April, including default notices, scheduled auctions and bank repossessions, was down 5% from March, according to RealtyTrac. Read More