Politics
Politics Articles
by Sharona Coutts, ProPublica – July 21, 2009 Last week we reported that while AIG has sold — or agreed to sell — a dozen subsidiaries as part of its efforts to repay the $85 billion it still...
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If you saw how solar power stocks ran up today, you might think it was tied to higher energy prices from last week. But the news that that ran shares is that the Chinese government plans to offer...
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America’s rich are getting richer and they are getting richer at an astonishingly fast pace. A new study by The Wall Street Journal which looks at Social Security data found that “Highly paid...
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Economists with fringe views of the tax system argue that all taxes are regressive. Tax a business and it will not hire more workers or distribute profits back to its owners. People without jobs and...
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It was never a realistic hope that California would pass a budget that would close a gap of $24 billion between spending and income. Too many critical state services need funding and the destruction...
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California has begun to issue IOUs to many state vendors as it grows cash on hand dwindles. The largest state in America as measured by GDP is up against a $24 billion deficit.
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There was almost no chance of any formal change to interest rates today. Everyone has been speculating that the FOMC has been looking for an end-game away from the near-zero Fed Funds target now...
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Before you think there is a reaffirmed “Aaa” rating from Moody’s Investor Services, this was spoken at a conference. Reuters reported that the Moody’s team head over the Sovereign Risk...
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Sallie Mae, or SLM Corp., (NYSE: SLM) is soaring this morning. In fact, it looks like the stock was briefly trading above $9.00 for the first time since it became a political target. This move...
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Facing the blank sheet of paper that will eventually be the chronicle of his life in government and the success or failure of the Administration’s programs to radically overhaul the regulation of...
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Jim Cramer came out with a healthcare maintenance stock tonight on CNBC’s MAD MONEY which he thinks will survive and perhaps thrive under the Obama healthcare plan. His pick in the healthcare...
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It seems that even the Governator is having a hard time saving California, and many are blaming him for the state’s ballooning budget deficit. The company is facing billions in deficits and the...
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Last week, there was more continued media coverage of the death of David Carradine about the weekend elections in Iran. Yet, here we sit on Monday and there have been riots in the streets of Tehran...
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If you like to invest in food chain restaurants, Thursday was a bad day as a group of bipartisan senators are trying to require chains to list calories on their menus. This is aimed at the big...
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Ben Bernanke has probably already seen accurate estimates of what unemployment figures for May look like. The ADP data indicates that the loss for non-farm payrolls will be well above 500,000 and...
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