Entrepreneurs fret daily over economic uncertainty. Case in point: Even with passage of the lame-duck tax deal, they still don’t know what their tax burden will be two years from now. Approval of that deal lifted what The Wall Street Journal dubs the “world of the temporary tax code” to unprecedented heights. The Journal explains: […]
American Secretary of State Hillary Clinton was reported to have remarked that it was difficult to negotiate with one’s banker in reference to America’s relationship with China. A large chunk of China’s $3,000,000,000,000 of reserves is in dollars. America’s huge indebtedness provides China with an advantage in negotiations with the United States. Of course, the […]
The events of Election Day will ultimately polarize Congress and affect the conservative policy agenda being debated and passed by lawmakers. Although Republicans were launched into power in the House, the more conservative Democratic Caucus, known as the Blue Dog Democrats, lost power by losing several of its more conservative members. Add to that many […]
Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling their GM stock at the […]
During the 1950s and 1960s, the United States was the richest and most envied country in the world. It was also unrivaled as the world’s manufacturing powerhouse. Americans proudly regarded their country is a model, and many people around the world agreed. Today, the US is still the world’s largest economy and pre-eminent military power, […]
19 Facts About The Deindustrialization Of America That Will Blow Your Mind The United States is rapidly becoming the very first “post-industrial” nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this […]
Bucking the Federal Reserve’s efforts to push interest rates lower, investors are selling off U.S. government debt, driving rates in many cases to their highest levels in more than three months. The Fed’s $600 billion program to buy Treasury bonds began late last week and is kicking into high gear this week, with the central […]
Los Angeles- Trump: “China Will ‘Destroy’ Our Country”, Billionaire Donald Trump react to President Obama saying U.S shouldn’t contain China. [youtube TbUDfIzqpwU nolink]
LOS ANGELES (AP) – Some struggling homeowners say they’re being unfairly foreclosed on despite making all their payments under trial mortgage modification programs. They equate that to mistreatment by banks who agreed to help borrowers when they took part in the government’s $700 billion Wall Street rescue. Attorneys in California, Kentucky, Massachusetts and other states […]
The U.S. Postal Service has cut back on spending by $10 billion since 2008, but it’s still nearly out of money. The Washington Post reports that in advance of the USPS’ announcement Thursday of recent postal,service,broke,rate,increase losses totaling billions of dollars, the agency is banking on a 5.6 percent increase in postal rates to help […]
