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Money & The Economy

News on Finance, Money, markets and the economy

Federal Shut Down…before you open that beer…

Many of us are cheering for a government shut down. Who wouldn’t be willing to make the ‘if it isn’t essential, why do we even have it?’statement? Unfortunately, a little rain must fall on every parade. Or something like that. The President has deftly allowed the Republican House Representatives to paint themselves into a corner–truly well played. The Republicans can ...

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Government Shutdown Rhetoric Contains Major Fearmongering

Friday night at midnight, the U.S. Government will be effectively shutdown, babies will starve to death and Senior citizens will be lined up and shot to death in the public square by firing squads made up of Republican politicians.  While this may seem like a far-fetched scenario,  this is the main theme from Democrats that refuse to even attempt to come to a ...

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Point Your Finger at Me All You Want, Harry Reid!

It is not very often that I can actually say I agree with Harry Reid. In fact, right off the top of my head, I cannot recall ever saying the words, “Harry Reid is right!” I guess it is true- there is always a first time for everything! Harry Reid is “disappointed” that the Tea Party Republicans are preventing a ...

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Darning The National Fabric

Our country is stumbling blindly down an unsustainable path. While much is being made about the National Debt and how it is damaging our grand children’s futures, there is a much larger problem. Personal debt is destroying our national fabric as we speak. It is easy to understand the dangers of $14 trillion dollars worth of debt—but is it not ...

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Thanks to the Recession, Teens Learn to Manage Money

COLORADO SPRINGS, Colo., April 5, 2011 /PRNewswire/ — A new study from Junior Achievement andThe Allstate Foundation shows that 81 percent of teens say the recession has motivated them to learn more about managing their money and parents are their number-one resource for financial planning, yet less than half of teens say they have discussed money management with their family. “Much like the ...

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Dodd-Frank “Cheat Sheet” Released by InformationWeek Financial Services

NEW YORK, March 28, 2011 /PRNewswire/ — InformationWeek Financial Services, the leading media outlet focused on helping senior executives in banking, capital markets and insurance navigate the fast-changing world of financial services IT, has released the industry’s first Cheat Sheet for the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Cheat Sheet, developed by the editors of Bank Systems & Technology, Wall Street ...

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Fannie and Freddie Fatcats Still Raking in Taxpayer Dollars. $35M in Bonuses

Fannie Mae and Freddie Mac executives raked in over $35 million dollars in bonuses while sucking another $153 BILLION dollars out of taxpayers for being nothing more than an epic failure. A report issued Thursday by the Federal Housing Finance Agency’s Office of the Inspector General shed some light on the following payoffs for incompetence, ineptitude or just plain theft ...

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Crony-Capitalism Gone Wild !

Crony capitalism * is a term describing an allegedly capitalist economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, and so forth. Crony capitalism is believed to arise when political cronyism spills over into the business world; ...

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School Breakfasts = Less Family Time

         When I was in elementary school, we got up early and our parents made us eat a good breakfast before school each day. Breakfast is the most important meal of the day, we heard over and over again. Do your homework before you are allowed to go out to play, keep your room clean if you want your allowance, ...

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Unemployment Dropping as Jobless Turn to Disability Instead

The recent drops in first time unemployment claims should be great news, but it may not be. Certainly, economic news is turning south so why the positive news on unemployment figures? The Wall Street Journal may just have the answer: A huge wave of applicants joined the program over the past decade, boosting it from 6.6 million beneficiaries in 2000 ...

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Economic Forecasts Too Rosy?

The last few weeks have been ripe with claims that the U.S. economy is recovering. Pointing primarily at consumer sentiment and holiday spending, analysts expected that the outlook for America could only improve from here. Unfortunately, the numbers don’t add up: Gallup’s economic confidence index is at -31, well below its 52 week low February orders for U.S. durable goods ...

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Budgetary Boondoggle: Round 6

         In an article posted here at CDN on Feb. 14th titled, “Upcoming Budget: Nowhere to Run*,  I explained how I could see that our current Congress would not be able to even come close to passing a responsible budget for 2011 fiscal year. Looking at today’s news headlines, this budget boondoggle is following along exactly as I stated it ...

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Investors Turning Away from U.S. Debt Over Record Deficits

The proverbial chickens.. have come home to poop –  or roost if you prefer. The world’s largest bond investment fund, Pimco’s Total Return Fund removed U.S. government debt from its holdings: Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.[1] ...

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Look who voted to EXPAND Obamacare on 03/09/11

Yes, 95, count them, 95  fake Republicans voted to expand Obamacare yesterday! * Republican 95 138   7 Democratic 185     7 Independent         TOTALS 280 138   14  BILL TITLE: Veterinary Public Health Amendments Act of 2011* (Republicans in roman; Democrats in italic; Independents underlined)* Ackerman Aderholt Akin Alexander Altmire Andrews Austria Baca Baldwin Barletta Barrow ...

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