Politics
Politics Articles
courtesy U.S. Federal ReservePresident Barack Obama indicated that Ben Bernanke would not remain at the Federal Reserve after the current term. This opens the possibility that frontrunner Janet...
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ThinkstockThis week brought on a nasty credit rating downgrade from Standard & Poor’s for the City of Detroit. Now we have word that Detroit’s Emergency Manager Kevyn Orr has identified plans...
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courtesy of the White HouseThe most important news out of the summit between China’s President Xi Jinping and U.S. President Obama is that no progress was made on the cyber spying issue. It is so...
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ThinkstockVerizon Communications Inc. (NYSE: VZ) is finding itself in the middle of some uncomfortable public relations on Wednesday. Reports that the NSA has forced Verizon to share much of the data...
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Wikimedia CommonsThe U.S. Treasury said this morning that it will sell another 30 million shares of stock in General Motors Co. (NYSE: GM) in conjunction with GM’s addition to the S&P 500...
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News is out almost daily of China and other nations stealing sensitive data in hack attacks and via corporate espionage efforts. Most of the time it is over bank security, utility and industrial...
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ThinkstockAfter years of hacking of U.S. companies and the American government, China has offered to enter into conversations about the matter. Until China admits to its role, the talks are useless....
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ThinkstockIn one of the longest running lobbying battles in Washington, sugar growers have once again prevailed over big food and beverage makers like Hershey Co. (NYSE: HSY) and The Coca-Cola Co....
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ThinkstockFederal Reserve chairman Ben Bernanke is speaking today in testimony to Congress. While all heads were turned to watch Bernanke’s hints and intonations, we do not expect to see any major...
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ThinkstockBy far the single most common contributing program to a retiree’s household income is Social Security. And the lower a person’s retirement income, the bigger role Social Security plays....
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ThinkstockThe U.S. budget deficit as forecast by the Congressional Budget Office (CBO) may drop to $643 billion in fiscal 2013, which would be a substantial improvement from earlier predictions....
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courtesy of USPSThe U.S. Postal System lost $1.9 billion in the second quarter of its fiscal year, which ended on March 31. There is little worth comparing between the Post Office’s desperation and...
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ThinkstockNew Treasury Secretary Jack Lew told CNBC that the United States may not reach its debt ceiling until Labor Day. Just a few months ago, many experts believed that the president and Congress...
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ThinkstockThe world has started to gang up on China. America’s Defense Department published a report as part of its Annual Report to Congress. In “Military and Security Developments Involving the...
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For the first time since the June quarter of 2007, the U.S. Treasury is expecting to pay of $35 billion of debt during the June quarter this year. The payoff assumes an end-of-June cash balance of...
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