Sony Playstation controller

Sony sued over Playstation Network hack that exposed millions

The data breach of the Sony Playstation Network has exposed millions of users to possible identity theft. Experts call it one of the biggest data hacks in recorded history, possibly opening 77 million people up to identity theft, and Sony is scrambling to fix the problem. The company has been slapped with a class action
Photo resembling the Palo Alto plane crash

Palo Alto Plane Crash | 3 Dead as fires and power outages break out

Palo Alto Plane Crash kills all aboard A small plane, a Cessna 310, descended out of the sky around 7:55 am in Palo Alto, California, slamming into a residence and bursting into flames.  According to the Associated Press, all three aboard the small plane died in the crash, and all fires were extinguished quickly, with

Citigroup turns emergency loans into profit for taxpayers

After being lent billions in emergency loans, Citigroup may be the model that firms receiving bailouts should follow. Citigroup will end up turning a profit for taxpayers when the Treasury sells its shares. The company stands to have produced a net gain of $12 billion or more for the government. Emergency loans to Citigroup pay off
Black hole

A double dip recession is possible

Some economists look for the most positive signs, and others look for the most negative signs. Recent economic data has given some experts reason to think that a double dip recession, where economic activity plunges, ticks up slightly, then plunges again before stabilizing, is beginning to look more likely. The forecast for doom and gloom
Granny Smith

Apple announcement: There is a new iPod Touch 4G

Every time news of an upcoming Apple announcement hits the wires, the internet gets all abuzz. Is there already a new iPhone? Or is Apple merging with Google and changing the name of the new company to Skynet? An announcement from Apple was scheduled for today, and Apple aficionados began to speculate. Apple has unveiled
Haitian Refugees

Cholera outbreak in Haiti begins to subside

A recent outbreak of cholera in Haiti has possibly begun to subside, but there are still many afflicted. Haitian officials are pointing to fewer deaths being recorded, so the outbreak may be slowing down, at least. Haiti has experienced severe turmoil since the earthquake in Haiti earlier this year. Those who caught cholera all appear

Everyone may need extra cash as household wealth falls

It was recently announced that the recession is officially over, but that almost seems meaningless. Recessions technically end when economic contractions cease, but some things are still depressed, such as employment and household wealth. The wealth of a household, or net worth, is determined as assets minus debts. For instance, the value of a home

The Obama trip to India may cost a lot but may be worth it

Ranting and raving has commenced concerning the Obama trip to India. The President of the United States fulfills a dual role in government, being both head of state and government. Granted, presidential visits overseas incur considerable bills for transportation and security, but there are benefits that may outweigh them. For instance, the trade relationship the
Lyndon Johnson signing the Civil Rights Act

What is in the Civil Rights Act that Rand Paul does not like?

Many people recoiled in horror when Rand Paul, the Republican candidate for Senate in Kentucky, was brought on “The Rachel Maddow Show” to explain why he had criticized the Civil Rights Act.  The Civil Rights Act is a broad term, but he meant the Civil Rights Act of 1964.  The law in question was introduced
For Sale

Housing prices decline, but home sales are rising

Nationwide home prices are declining, but home sales are beginning to rise. The past year has been volatile for real estate, but more people have been consulting with loan lenders to purchase a home. The low prices are thought to be the reason for the spike in purchases. Wealthy and investors buying houses again Figures

New dietary guidelines published by federal government

The new pamphlet of Dietary Guidelines has been published by the U.S. Government. Every five years, the federal government publishes a new set of suggestions on what Americans should eat including what should be cut back on. The effect is not expected to be dramatic. Government publishes new dietary guidelines The federal government has just
Chris Dodd

New rules on credit scores taking effect this year

There are a new set of rules taking effect this year concerning credit scores. The financial reform bill, or the Dodd Frank financial reform act, changed federal laws regarding reporting of credit scores. If a person is applying for any large loans in the future, these are good things to know. Change in credit scores
Greek rioters

Greek riots paralyze Athens

The city of Athens has been shocked by a violent outbreak of Greek riots in which three have been left dead as protesters and police clash.  The Greek riots are believed to be caused by recent economic measures meant by the Greek government to curb spending and gain a better grip on the country’s spending
Harry Reid

Senate tax cut bill passes by wide margin

The Senate passed the tax bill by a very wide margin after compromises by both sides of the aisle. The bill will extend the Bush tax cuts and make some other key changes. The bill still must pass the House of Representatives to become law. Senate tax bill pass with flying colors A lot of
Golf Course

Even the wealthy need instant money sometimes

Recessions take a toll on every social class, believe it or not. Some of the wealthiest of the wealthy do pay cash for everything and carry very low debt loads. However, some wealthy people simply take out way bigger bank loans. Some people would rather risk debt and disaster to have the biggest house and
John F. Kennedy motorcade

47 years have passed since JFK assassination

The JFK assassination was one of the most shocking moments to occur in modern America. The shooting of a young and incredibly charismatic president in broad daylight stunned the world. It has been 47 years since John F. Kennedy was gunned down in Dallas. 47th anniversary of JFK assassination On November 22, 1963, President John
Railgun test

Navy railgun test breaks world record

Ordinarily, a railgun is solely the domain of science fiction and video games. However, the Navy has been experimenting with real railguns for years and getting results. A recent Navy test broke the world record for most powerful railgun firing. Navy tests world record railgun The railguns in films and gaming media like the “Doom” and “Quake” series are