How the Fed is creating a new feudalism

Conn Corroll The Washington Examiner 3/16/2013

Over a decade ago in 2001, the Federal Reserve planted the seeds of the 2008 financial crisis by lowering its target for the federal funds rate from 6.25 percent to 1.75 percent. Since this interest rate is a benchmark number used throughout financial markets, many first-time homebuyers were able […]

Saudi Arabia tells citizens to leave Lebanon immediately

Saudi Arabia tells citizens to leave Lebanon immediately

Asma Alsharif, Raissa Kasolowsky Reuters 8/15/2012

Jeddah, Saudi Arabia–Saudi Arabia has ordered its citizens to leave Lebanon “immediately”, the state news agency reported in an SMS alert on Wednesday.

“The Saudi Arabian embassy in Lebanon calls all Saudi citizens to leave Lebanon immediately,” the alert said, without […]