
Americans and American businesses earning profits overseas will pay an estimated $210 billion dollars more in taxes over the next decade if Congress approves stricter international tax laws outlined by the Obama Administration Monday. The Administration is proposing severe restrictions on certain international tax deductions, as well as seeking mechanisms to extract more information from [...]
Bank of America (BAC: 10.43, 1.75, 20.16%) on Monday contradicted a report saying it was planning to raise $10 billion in capital. The Financial Times had reported that BofA was found by the government’s stress tests to need at least $10 billion of capital, and that the company was working on plans to raise new [...]
While it may be too soon to call a bottom in the struggling housing market, a industry gauge of home sales showed sales activity is now up from a year ago — and the average price of a home moved higher in March. The National Association of Realtors said Monday that its March pending existing [...]
May 5 2009 | Posted in
US Economy |
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The S&P 500 roared into positive territory for 2009 on Monday as the bulls pointed to a pair of better-than-expected housing reports as the latest signs an economic recovery is coming sooner rather than later. Today’s Markets The Dow Jones Industrial Average gained 214.33 points, or 2.61%, to 8426.74, the S&P 500 rose 29.72 points, [...]
What do the Bill & Melinda Gates Foundation and Halliburton (HAL: 22.33, 1.48, 7.1%) have in common? Both the charity and the oil industrial giant own senior secured positions in the now-bankrupt Chrysler. In a bankruptcy filing made public on Monday, the embattled auto maker listed dozens of mutual funds, city and state pension funds, [...]
May 5 2009 | Posted in
US Economy |
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We like this stock and everything going on with it. The recent talk of vaccines will help it plus their merger with VGX makes it a player. We are hoping to see it go over $3. Here is the recent news: Biomedical Corporation (NYSE Amex: INO), a leader in enabling the development of DNA vaccines [...]
If you are basing this on the recent news of the swine flu, the answer is no. Novavax is just one of over a DOZEN companies that will be “handed” the vaccine by the CDC. We anticipate that the price of the vaccine will be regulated by the Obama administration and the profits will not [...]

Doctors tracking swine flu in California are investigating a new theory: What if it didn’t originate in Mexico but instead had been floating around the border region for months? Growing evidence in California suggests that early flu cases had no apparent origin in Mexico. Many of the early California victims — including the first two [...]

MEXICO CITY — Mexico’s top epidemiologist says the World Health Organization was slow to react to an outbreak of atypical pneumonia that grew into the swine flu epidemic, and wants a probe. In a telephone interview with The Associated Press, Dr. Miguel Angel Lezana says he is troubled by the response of the Pan American Health [...]

U.S. authorities are pledging to eventually produce enough swine flu vaccine for everyone but the shots couldn’t begin until fall at the earliest. Worries about the spread of the virus mounted Thursday as the nation’s swine flu caseload reached 130, and nearly 300 schools closed in communities across the country. On Friday, the World Health [...]