Wall Street is far from happy with the political speeches pouring out of Washington. It is now making use of the right granted to it by the Supreme Court ruling while talking about money. It is going to shift more of the dollars towards the Republicans. But this poses the gains of what are the [...]
Lessons can be learnt from the Greek crisis to find an answer to the question as to what policy Washington should follow – austerity or taxes? Should the rich European countries condone the “profligacy” of Greece and bail it out. If Germany does this –other countries too would be encouraged to incur huge fiscal deficit [...]
Mistrust returned to the politics of America during the early months of 2009 when the opposition to Obama made the extreme among the conservationist start off its Tea Party type of protests. This attitude was dubbed as “paranoid style in American Politics” by historian Richard Hofstadter in 1960. He was moved by the rhetoric of [...]
There are a bundle of problems for America – national debt, deficits, bank speculations and downing shutters on monetization. Those walking in the corridors say something and do something else.
The credit crisis did not happen out of the blue – it was meant and planned to happen in this manner. It is difficult to swallow [...]
It may be news to many who have not heard of it as yet, big changes are about to debut in the credit card industry. Last Monday the Credit Card act has become activated and it is hoped that the consumers will get some kind of relief from nuisances like “double-cycle billing” and whimsical rate [...]
On year ago Obama inked the American Recovery and Reinvestment Act involving $787 billion. But recently his government has warned to withhold funds from this account from a transit firm because of its failure to comply with the laws pertaining to civil rights.
FTA or Federal Transit Administration warned that would withdraw $70 [...]
Premiums for health insurance are swelling and the Republicans are apprehensive that this will lead to another thrust for reform.
Nearly 800,000 individuals who purchase insurance on the individual market (not getting it via the employer) from firms like Anthem Blue Cross (subsidiary of WellPoint) were told that there would be a startling spike by nearly [...]
Last Wednesdy 10th February 2009 the chairman of the Federal Reserve Ben Bernanke talked about the framework of a plan to increase the rate of interest but he remained vague about when it would be done. He referred to it being enforced at “at some point of time” and “when the [...]