What is an Austerity Package?
To a majority of Europeans and in the future Japanese, a new buzzword has dominated the national news- austerity. Austerity measures are now a vital fact of life as many governments start tackling their national debts. What is an austerity package?Financial Reform Legislation Gets a Second Chance
After months of stalemate it seems that the U.S. Senate may finally achieve progress on its much debated financial reform legislation. Crossing party lines, Senator Chris Dodd (D-Conn) and Senator Bob Corker (R-Tenn) have decided to work together to push the controversial legislation forward.New White House Banking Proposals Could Threaten Financial Reform
On January 19th President Obama sent a broad package of financial regulatory changes to members of the Senate Banking Committee. These provisions primarily focus on efforts to reduce the size and scope of the country’s largest banking institutions and to reinforce the administration’s support of an independent agency to protect consumers against the type of lending abuses that contributed to the current financial crisis. This push for new additions to the controversial financial reform package faces an uncertain future in a Congress that is already divided on how to tackle these immense issues.Why Cutting Deficits Could Create a Jobless Economic Recovery
In the year of the deficit, fears of a Greek crisis have spurred many of our Governments to start cutting back on soaring deficits. This includes many European Governments, and perhaps in the future- the current US Government.Economic Debauchery, the Political Profiteer and the Devastation of the Masses For the Profit
Are you angry with what’s going on with global economics? Have you been affected by foreclosure, bankruptcy or any of the other negative affects of this meltdown? If so, then you need to read this.The Sub-Prime Story
As the Congressional Financial Crisis Inquiry Commission continues to grill bank executives about the role each institution played in the recent economic crisis. A theme seems to be emerging: The banks did nothing illegal.In the Eye of a Storm?
Living in Florida I’ve been in the eye of several hurricanes. In the eye, one side of the storm has passed and there is great relief. There’s some rubble and signs of destruction, but the sun is shining. We begin to pick up the pieces. There’s a hopeful feeling the danger has passed. Then you listen to the weather forecasters and learn it’s just a temporary respite.It’s All Greek to Me!
The Greek mess is spilling over and will have far-reaching consequences. The Greek situation creates a different concern: the global deleveraging story of countries that massively overextended themselves during the boom years and must now pay the piper.US Government Has No Business Bailing Out Anyone – We Need to Start Bailing Out Our Own Ship
Most Americans look at the Greek debt crisis and are not all too concerned with it all, but you should be, and do you know why? Well, when it comes to the Greece bailout, albeit a very small nation with a tiny GDP, it still amounts to a bit of cost on our part. You see, we are in that for $54 Billion. This is because the USA pays into the IMF a little under 20% of its funding.Amazon Earnings – A Solid Quarter
First-quarter Amazon earnings beat Wall Street’s forecast of highest earnings estimates. This Thursday, Amazon reported its earnings with its figures which surpassed the projected earnings provided by Wall Street.The Greatest Economic Legislation of the Last Century
Bayh-Dole Act of 1980 opened the doors for universities, small businesses and non-profit organizations to commercialize their inventions made possible by federal funds. By doing this, it has provided a process that feeds a pipeline of innovation and competitiveness into American economic system. For this, I have noted that this is the most important business regulation of the last century.