Category archives for: US Economy

Occupy Wall Street Cheers the Death of Steve Jobs, Capitalist Pig

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Listen closely and you’ll hear it… the cries, cheers, rants, screams, signs and more.  “Stop the corporate greed that is killing us!” Yes, those ‘evil’ corporations that make huge profits off the backs of working middle class and poor people then send jobs overseas.  Did you hear it? …the cheers for the death of a [...]

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New Mileage Tax

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New Mileage Tax to hit drivers? Here we go again. They can’t stop spending, so what do they do? Find ways to raise more money. (New taxes)  This week the CBO looked at a proposal that would add a tax for every mile you drove.  So, regardless of your income level, you would pay for [...]

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What Is Stagflation

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What is stagflation? Here are some interesting facts and information on stagflation. Quick summary for “dummies”… Inflation goes up, overall economy goes down. In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate is low. It raises a dilemma for economic policy since actions designed to lower [...]

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Union Workers Caught Smoking Dope and Drinking

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Many people are outraged. Many are losing their homes, because they don’t have a job and these guys are out partying. Honestly, some hope they lose everything they have, but suspect unions will protect them. Chrysler may have accepted millions in a federal bailout to stay in business, but now it has a scandal on [...]

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The Interview That Could Change the United States

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We STRONGLY encourage you to share this page with EVERYONE you know. If every American would watch this full interview with Home Depot co-founder Marcus much would change. An amazing DOWN TO EARTH talk with a man that came from nothing and built a great company. Don’t STOP watching until you have seen ALL 3. [...]

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Did Chrysler get Approval for a 4.5 Billion Loan

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NEW YORK/BERLIN–Chrysler won interim approval from a U.S. bankruptcy court to access a $4.5 billion loan as it tried to move ahead in its planned alliance with Fiat SpA, while the Italian automaker advanced its bid for General Motors Corp’s European Opel brand. Also, a group of investment funds sought on Monday to block Chrysler’s [...]

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How Does Citigroup Pay Their Employees

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Citigroup may put more employees on commission or offer them larger base salaries as it tries to retain key staffers without running afoul of laws limiting executive pay at banks that receive government funds. Three people familiar with the matter said the bank has examined a series of possible moves, including special stock-based bonuses, or [...]

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What are Bernake's Thoughts on the Economy

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WASHINGTON — Federal Reserve Chairman Ben Bernanke will provide Congress with a fresh assessment of the country’s fragile economic health that probably will note some recent improvements, but still warn that it will take time — perhaps years — for the economy to get back to normal. At the same time, Bernanke is likely to [...]

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What Banks Need More Capital to Survive

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WASHINGTON — The U.S. is expected to direct about 10 of the 19 banks undergoing government stress tests to boost their capital, according to several people familiar with the matter, a move that officials hope will quell fears about the solvency of the financial sector. The exact number of banks affected remains under discussion. It [...]

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Will GM File Bankruptcy Like Chrysler

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General Motors Corp. may be more likely to end up in bankruptcy based on the Obama administration’s willingness to place Chrysler LLC into court protection to safeguard union health-care benefits. With GM and its biggest bondholders at odds over resolving $27 billion in unsecured claims by a June 1 deadline, the Chrysler model indicates that [...]

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