In February of last year, the Obama administration used an executive order to create a bi-partisan council of 18 members, with the hopes of creating meaningful solutions to help the nation restore fiscal order. The council is called the National Commission on Fiscal Responsibility and Reform. There have been many commissions like this in the [...]
Health care debate now Shifts to State Overhauls
WASHINGTON – True or false: States suing to overturn core requirements of President Barack Obama’s health care overhaul are refusing to carry out the law. If you said “true,” you’d be wrong. Republican state legislators and governors are working on how to deliver coverage to more than 30 million people now uninsured, as the law [...]
Barack Obama Created More Jobs In One Year Than George Bush Created In Eight Years
This morning, the Labor Department released its employment data for December, showing that the U.S. economy ended the year by adding 113,000 private sector jobs, knocking the unemployment rate down sharply from 9.8 percent to 9.4 percent — its lowest rate since July 2009. The “surprising drop — which was far better than the modest [...]
What are the most popular products at Amazon? Amazon Reveals the Most Popular Products of 2010
Amazon announced its bestselling, most wished-for and most popular gift products of 2010 on Thursday. Topping all three of the lists in the electronics category is the company’s bestselling product in history, the third-generation Kindle. The bestselling and most wished-for book on all of those Kindles this year was Stieg Larsson’s The Girl with the [...]
Pretty Good for Government Work: Warren Buffett GM ipo
Image via Wikipedia Well, Warren Buffett has his street cred as a capitalist. I’ve always appreciated his friendly, straightforward banter, and here is his defense of the GM/Fed intervention. DEAR Uncle Sam, My mother told me to send thank-you notes promptly. I’ve been remiss. Let me remind you why I’m writing. Just over two [...]
Expiration of the Bush Tax Cuts and The Great Recession
We have had an election that focused on many issues, particularly the role of government, size of government, the proper role of government in a recession, and the longer term and shorter-term fiscal imbalances that are true in many Western democracies today. This was an interesting, but seemingly irresponsible debate about the nature of government, [...]
In the U.S., No True Fiscal Conservatives – NYTimes.com
In the U.S., No True Fiscal Conservatives By SIMON JOHNSON > Simon Johnson, the former chief economist at the International Monetary Fund, is a co-author of “13 Bankers.” In most industrialized countries, attention is now shifting to some form of fiscal austerity — meaning the need to bring budget deficits under control. In Britain, for [...]
Chapter closes on vilified US bank bailout and the Great Recession
For a more detailed comparison of the Great Depression to today, read my blog, Ten Major Differences between the Great Depression and Today’s Great Recession. Chapter closes on vilified US bank bailout By Andrew Beatty (AFP) – 3 hours ago WASHINGTON — Handing over 700 billion dollars of taxpayer money to Wall Street bankers who [...]
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American Equity Lifetime Income Rate Changes — Effective June 3rd, 2013
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10 Keys To Becoming A Successful Financial Advisor
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Great American Revised Fixed-Indexed Annuity Rates
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Genworth Update: NAIC Suitability Model Regulation Requirements of Producers
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Great American Revised Fixed-Indexed Annuity Rates
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10 Keys To Becoming A Successful Financial Advisor
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American Equity Lifetime Income Rate Changes — Effective June 3rd, 2013