Here’s what’s wrong with Washington: If it doesn’t negatively impact K Street, nothing’s going to change. Unfortunately, all too many of our biggest obstacles to recovery benefit K Street.
Three more success stories for Stocks in the News!
A few years after the global economy emerged from the economic crisis of 2008, commodity prices began to surge, thanks to ongoing robust demand from China. Chief financial officers at mining firms quickly realized that firm commodity prices implied robust future profit streams, and a broad range of new mining projects were put into motion.
Anecdotal reporting indicates that the Muslim Brotherhood's tactic of sacrificing bodies to generate public support is not working. Most reports relate views that the Brotherhood is getting what it deserves.
There has been a war against business but the big boys with $2.0 trillion offshore and armies of lobbyists are weathering it better than Main Street. So it's no surprise that while the new tax proposal would eventually lower corporate taxes to 28% from 35% that only covers 2 million of 32 million businesses. The rest would pay at least 39.6% while the more successful are looking at 43.4% (Medicare tax 3.8% plus high individual rate 39.6%).
GDP beat second quarter estimates of 1 percent easily. However, the BEA revised first quarter growth down from 1.7% to 1.1%. Is this a good thing, a bad thing, or nonsense?
Like Don Quixote tilting at windmills, President Obama is on a mission. With the Environmental Protection Agency as his sidekick, he is launching an all-out offensive to drastically cut carbon dioxide emissions.
At its best, a job interview is like free therapy, where you can receive valuable feedback on your career and your life from a person who is better than you because they have a job and you don't.
Dodd-Frank turned 3 this month. Mark Calabria, with the Cato Institute, joined the program to discuss the burden Dodd-Frank has placed on the economy.
In one of the least genuine acts in recent econ-political times, President Obama is said to be proposing a new "grand bargain" with an emphasis on cutting taxes on corporations while reforming (read: raising) tax revenue from small businesses
Much of his speech was tax-spend-and-regulate boilerplate, but he did repackage some of his ideas into a so-called grand bargain.
Much was made this week about the AP survey on the economy, economic, insecurity, and poverty, but more time should have been put into the discussion. The work is serious news with greater ramifications than Friday's jobs report, which will reflect AP's findings but only touch the surface.
It's a mixed bag of retail PMI news in Europe today (assuming of course one believes that spending is good).
The President is hoping that these moves will increase revenues enough to allow the creation of millions of government “shovel ready” jobs. So. . . Get the shovels out: Our economy’s grave isn’t going to dig itself.
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