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The U.S. Senate overwhelmingly approved a $45 billion plan to expand a tax credit for first-time home buyers, extend jobless benefits and provide tax refunds to money-losing companies. The bill now...
As Mark Twain once said, "There are three kinds of lies: lies, damned lies, and statistics." To me, this nicely sums up recent economic figures that suggest America has escaped the clutches of...
Consumer spending dropped .5% in September according to the latest information from the Bureau of Economic Analysis, led by the end of the Cash for Clunkers Program.
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.5 percent in the third quarter of...
With the crisis clearly past, the Fed ought to boost short-term rates to a more normal 2% - still low by historical standards - to send a signal to the markets that the U.S. is serious about...
We've talked about it for some time, but the Washington Post has finally gotten with the program. The economic crisis and subsequent bailouts have severely penalized savers and those living on...
CBS's 60 Minutes' H1N1 report last night was very well done, and conveyed the proper message that everyone born after 1950 should have an H1N1 vaccine in addition to the regular flu vaccine this...
One version of the tax credit policy under review is to give employers a two-year tax break if they increased the size of their work force (i.e. added jobs) or added significant hours of work (for...
Robertson is a smart guy and while he doesn't think that China is going to stop buying our debt, he suggests that we could easily enter 15-20 inflation territory if Japan is forced to sell. He...
The FDIC, which has needed to step in to protect depositors at 95 banks so far this year, has a plan to make up its deposit shortfall and prepare for the inevitable failures to come. It is going...
Article | Sep 28, 2009 | Views: 26 | Comments: 0
Tags: fdic, too big to fail
Irving Picard, the Madoff trustee, went on 60 Minutes to unveil his plans to go after the feeder funds, the Madoff kids, and anyone who had withdrawn from Madoff's funds. I imagine that a lot of...
The Federal Reserve's Federal Open Market Committee today voted to keep the target range for the federal funds rate at 0 to 1/4%. In addition, the Fed said it would continue programs to keep...