Earlier this week, the New York Post shouted the headline "US Credit Card Debt Nearing Toxic Levels." The article was referring to the latest report from the Fed that in December, total consumer debt, which is the sum of both non-revolving and revolving debt, increased by 9.3 percent to almost $2.5 trillion. The increase in revolving debt, principally consisting of credit card balances, was at an annual rate of 4.1%. Thus, despite the fact that for a few short months in 2011 the amount of outstanding debt actually fell, the long-standing trend of strong expansion in consumer credit card debt returned with a vengeance in December, measured month over month, quarter over quarter, and year-over-year. We're slowly killing ourselves with our oil addiction, and the dealer yet again is jacking up the prices.

Preserving New York's first centre of Arab-American life

Over 100 motorists are stranded overnight along western New York's roadways. New York - Western New York - United States - Western - Business and Economy

Move over, Mario and Sonic, the latest video game superhero is  Ron Paul. A new video game in the works will let users journey across the 50 states, collect gold and fight “boss battles” against the Federal Reserve System. No, this is not the latest...