Bankruptcies Reach Historic Mark
It has been a difficult time for American businesses. The tense economic environment has forced companies to lay-off workers and enact a variety of overhead reducing cutbacks as profits sink. And more and more businesses have found it difficult… [More]

White House Authorizes $17.4 Billion for Struggling Auto Companies
Following the Senate's failure to reach a 60-vote majority to pass an auto industry bailout bill, the White House recently stepped in, offering the Big Three American automakers—General Motors Corp. (GM), Chrysler LLC and Ford Motor Co—$17.4 billion in emergency rescue loans. In his address announcing the loans, President George Bush noted that this was hardly a holiday gift… [More]

GAO Report Sees Government in Turmoil
A recent report by the Government Accountability Office (GAO) outlined that for the twelfth year in a row, the office has been prevented from expressing its opinion on the consolidated financial statements of the U.S. Government. The agency said that while significant progress has been made in improving financial management since the federal government began preparing… [More]

SBA Issues New Lender Oversight Regs
As lenders and banks increasingly become the face of the greed and mismanagement that caused the current credit crisis, the sector itself faces grim specter of increased regulation. Most recently, the U.S Small Business Administration (SBA) issued an interim final rule for new lender oversight regulations in the agency's guaranteed loan program, aimed at… [More]

At the Crossroads
On February 19, 2008—after nearly a half century as head of state—Fidel Castro announced his retirement and handed over all duties from his various offices to his brother Raul. Raul has promised change for Cuba, but the 50th anniversary of Communist rule in Cuba is just around the corner. For both Cubans and those who fled Castro, as well as for the rest of the world, it is a hallmark… [More]