It was a bizarre day in the UK yesterday. Media mogul Rupert Murdoch and his son James Murdoch appeared before the UK Parliament to answer questions about what they knew about the phone hacking scandal that’s sweeping Britain. Murdoch was asked if he was informed on the hacking scandal when it became known within NewsCorp – to which Murdoch responded, “No.”

Another bad weekend for Rupert Murdoch. Yesterday – Rebekah Brooks - the former chief executive of News International – the parent company of Murdoch’s British media empire – was arrested on charges that she illegally intercepted phone calls and bribed UK police officers. Also taking a hit in the scandal yesterday – Britain’s top cop. Sir Paul Stephenson – the head of the Metropolitan Police Service - resigned citing

One day after downgrading Ireland’s credit rating to junk status – Moody’s Investors Service turned its sights on the United States. In an announcement released yesterday – Moody’s said the United States is in danger of losing its “AAA” credit rating – and has put our nation under review for a credit downgrade. A credit downgrade for the United States could be the first step toward other nations dropping the dollar as thei

A new report by Brookings shows how corporations are forcing Americans to work to the bone for meager wages. Today – the typical two-parent family has to work 26% longer than back in 1975. And since 1975 – wages have failed to keep up with the longer working hours. In other words – fat cat CEOs are getting a lot more “bang for the buck” out of their workers today.