Submitted by the TREND letter on Wed, 01/16/2013 - 10:40
Alan Simpson (co-chair of the Simpson-Bowles commission on debt) says if the US doesn’t cut its debt, the markets will eventually demand higher interest rates and the “little guy” will get "screwed." If video does not display in your browser, CLICK HERE
Submitted by the TREND letter on Wed, 01/02/2013 - 09:43
After lots of last minute drama with the Fiscal Cliff, US politicians arrived at a proposal to raise some additional US tax revenue heading into 2013. If the House approves the Senate’s bill today, Congress will have managed to kick the can down the road until February on the tough fiscal decisions.
Submitted by the TREND letter on Fri, 12/28/2012 - 08:19
(Money Watch)....Our budget problem appears impossible to solve. About half of the country votes for Republicans who want to cut taxes and shrink the government. The other half votes for Democrats who want to raise taxes on the upper class and maintain the scope of the government.
Neither side has enough political clout to get its way entirely, but each has just enough power to drive the economy into a ditch.
Submitted by the TREND letter on Thu, 12/27/2012 - 09:47
According to the National Bureau of Economic Research in Massachusetts who conducted a Web-based survey of over 17 000 published scientists in 16 countries, the result showed that where are the smartest people moving to? They call this the Brain Trade.