Private equity firms are bad and evil because they fire workers to juice profits for billionaires who get to pay low tax rates! Is that the right logic? What if ... Read Full Story »
The U.S. does not really feel any closer to energy independence. There is too much infighting and attacking the companies which can help that energy independence, even if some attacks are ... Read Full Story »
The Congressional Budget Office is out with its outlook and deficits are expected to continue. This report is released each January and the goal is not to be political from ... Read Full Story »
The Federal Reserve has no more room cut interest rates. About all it can do is to take the discount rate lower than the 0.75% but the target rate of ... Read Full Story »
The Fed is going to continue on its dual-mandate of inflation and employment as it stated that it will take a balanced approach to maintain price stability and to promote ... Read Full Story »
This was definitely going to be a different sort of FOMC day with the way that the new communications are going to show more of the inner-thinking of the Federal ... Read Full Story »
International Monetary Fund managing director, Christine Lagarde, has warned that the global economy “could easily slide into a ‘1930s moment’ unless global leaders take the actions that they know must ... Read Full Story »
Detroit’s unique position as a large American city is not just related to the fact that the state may appoint an emergency manager and take the power of governing away from ... Read Full Story »
Just before Congress left town for the holiday, it passed and President Obama signed a bill to extend payroll tax cuts for two months. The bill included a provision demanding ... Read Full Story »
Fertilizer stocks are on skid row after the U.S. Department of Agriculture report showed that the unsold corn supplies from December were down about 1% less than what analysts were ... Read Full Story »
CNBC is reporting that Mike Williams, CEO of Fannie Mae, is stepping down from the GSE. Whether he was forced out or not is not known, but let's just say ... Read Full Story »
In May 2011, a propane industry association, the National Propane Gas Association, cheered the introduction of a bill introduced in the US House that would have extended subsidy payments to ... Read Full Story »
The US Internal Revenue Service is reopening its Offshore Voluntary Disclosure Progam (OVDP) in an effort to collect income taxes from US taxpayers who have parked their funds in overseas ... Read Full Story »
French president Nicolas Sarkozy has gotten agreement from Germany’s chancellor, Angela Merkel, for a tax on financial transactions. The reaction from Britain, Europe’s financial center, is decidedly chilly. The US ... Read Full Story »
President Obama will appoint former Ohio attorney general Richard Cordray as the head of the Consumer Finanicial Protection Bureau today, invoking the president’s authority to make appointments when Congress is ... Read Full Story »