Fannie Mae and Freddie Mac Close To Failure

“Alarmed by the growing financial stress at the nation’s two largest mortgage finance companies, senior Bush administration officials are considering a plan to have the government take over one or both of the companies and place them in a conservatorship if their problems worsen, people briefed about the plan said on Thursday.
“The companies, Fannie Mae [...]

Ford Sales Down 28% From Last Year

“Ford Motor Co. said Tuesday that combined June sales of Ford, Lincoln and Mercury vehicles declined 28 percent over the previous year.
“Dearborn, Mich.-based Ford (NYSE: F) sold 167,090 vehicles, down from 232,457 a year earlier.
“For the first six months of 2008, Ford’s North American sales have declined 14.3 percent, to 1,155,241 units from 1,347,349 [...]

TSO Small Business Plugs

1865Co.’s luggage tag, pictured.
Since we advocate black small business here at TSO, here are a few great links for y’all:
For fine gifts, jewelry and other great luxury items, check out our girl Patrice  at www.1865co.com.  (P-Diddy, how come you ain’t been commentin’?)  I have given 1865 gifts at least ten times, and everyone loves them.
For fine, [...]

Why They Really Hate Ahmadinejad

“The current high price of oil is artificial and the market is well supplied with crude, Iranian President Mahmoud Ahmadinejad said on Tuesday, pinning the blame on the sliding dollar.
“The rise in consumption is lower than the rise in production,” Ahmadinejad told a meeting in the city of Isfahan of the Organisation of Petroleum [...]

$4.65 for a gallon of gas . . .

“Gasoline prices as measured in the daily AAA survey hit yet another record Saturday.
“The national average price for regular unleaded gasoline edged up slightly to $4.073 a gallon, according to the motorist group’s Web site.
“The average topped $4 for the first time last week after crude oil prices surged to a trading record above $139 [...]

The “Market Price”

Any retail item you purchase inside a store is not purchased at the “market price.” If you go into a store and pay $20 for a t-shirt or $100 for some shoes, you just got ripped off. The “market price” is not the retail price. The market price is what the true [...]

News Flash: Best and Brightest Negros Wasting Their Lives Working In Corporate America

As many of you may know, a little over a month ago, I (J) left a large law firm to start my own law practice. It’s been an enlightening experience so far, and it’s helped me to figure out what I want out of life. With the tax benefits of owning my own firm, I [...]

The Oil-Price Bubble - The Fed Is To Blame

There are many factors behind the sharp increase in the oil price, but one is usually overlooked: it’s a bubble. Where bubbles appear in the market (think of housing and tech stocks, to name two in recent memory), you will find the hidden hand of monetary policy at work. This is an underlying issue that [...]

Would You Roll This?

“Discover a car that has been perfectly designed for your everyday life. A car that offers maximum comfort, agility, safety, ecology and driving fun. A pioneering vehicle concept that is one of the best with its low CO2 emission figures. Discover the smart for two – as a coupé and a cabrio in the [...]

Oil Hits $133/Barrel - Maybe Soteria is right, it’s ‘end times’

“NEW YORK (AP) - Wall Street extended its sharp decline Wednesday, driving the Dow Jones industrials down more than 200 points as investors smarted from record-high oil prices and a bleak economic assessment from the Federal Reserve.
“Stocks fell in early trading in response to the surging price of oil, which shot up more than $4 [...]