President Barack Obama on Monday will propose a two-year freeze on the pay of federal workers, as he seeks to show he is committed to reining in the ballooning U.S. budget deficit. The freeze would save $2 billion in the current 2011 fiscal year, $28 billion over the next five years, and more than $60 [...]
Archive for the ‘Economy | Finance’ Category
Europe Riots, Leaving America to Wonder If It’s Their Future As Well
Posted: 1st October 2010 by Veritas in Economy | Finance, Lifestyle, PoliticsTags: austerity measures, baseline scenario, bbc report, congressional budget office, demographic changes, enough money, federal government spending, government dependency, greece italy, greece today, irish republic, North Korea, Obama, optimistic scenario, police car, riots, scoff, state and local government, uncharted territory, unemployment figures
Riots and protests have swept across Europe, as populations lured into government dependency are upset that there’s no longer enough money to maintain the existing level of redistribution. Here’s an excerpt from a BBC report:
The Milan Stock Exchange Says F@ck Off
Posted: 30th September 2010 by Veritas in Economy | Finance, Oddly EnoughTags: cattelan, city of milan, contemporary artist, drummer boy, intellectuals, lively debate, marble sculpture, massimiliano finazzer flory, meteorite, middle finger, milan stock exchange, ninth hour, nona, pope john paul, protester, provocative work, public space, retrospective, source article, time in milan
A marble sculpture of a cut-off hand with the middle finger stuck up has gone on display in front of the Milan Stock Exchange, provoking a lively debate in Italy’s financial capital.
Will New Measures Save the Uninsured?
Posted: 22nd September 2010 by Veritas in Economy | Finance, PoliticsTags: affordable care, bill collectors, care act, colonoscopy, commonwealth fund, health coverage, health plan, health reform, individual market, joblessness, lifetime caps, monticello, monticello kentucky, policyholder, policyholders, rescission, sara collins, thresholds, ulcerative colitis, unexpected medical bills
When told she needed a colonoscopy last year, Katrina Nevitt followed her doctor’s orders. At the time, Nevitt, a McDonald’s employee from Monticello, Kentucky, was working full-time and had insurance. Still, though she was diagnosed with ulcerative colitis, her claims weren’t paid. Nevitt suddenly owed more than $6,000 in unexpected medical bills. Soon after, to [...]
Bill Clinton Gives Solutions to America’s Economic Struggle
Posted: 17th September 2010 by Veritas in Economy | Finance, PoliticsTags: Bill Clinton, daily show with jon stewart, economic struggle, Economy // Finance, politicians
Bill Clinton recently appeared on the Daily Show with Jon Stewart. While I was never a big fan of Bill Clinton’s when he was in office, this is one of the most reasonable discussions about how to fix the economy in a way that will impact the millions who are struggling to make ends meet [...]
Home sales plunge 27% – lowest in 15 years
Posted: 24th August 2010 by Sus Scrofa in Economy | FinanceTags: 30 year fixed mortgage, association of realtors, buyers and sellers, current sales, double dip, economic recovery, for sale, home sales, house market, housing market, lowest mortgage rates, mortgage prices, plunge, real estate agent, s sales, self fulfilling prophecy, standoff, zapata
Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas. July’s sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the [...]
Apparently Politicians Drink Too Much Bud Light Lime
Posted: 5th August 2010 by Veritas in Economy | Finance, PoliticsTags: big picture, bush tax cuts, c function, c source, colbert, extern, google, GOP, hat tip, hotlink, innerhtml, lgf, log c, n style, new image, onerror, return document, sqrt, Stephen Colbert, tax shelters, visibility function
In a recent edition of his daily segment “The Word,” Stephen Colbert hilariously skewered, by turns, “trickle-down economics,” the GOP stance on the deficit and the Bush-Era tax cuts, which may repealed by Congress (Hat tip to The Big Picture).
Bill Gates Convinces 40 Billionaires to Give Away Half Their Money
Posted: 4th August 2010 by moonphrogg in Economy | Finance, Happy NewsTags: Bill Gates, billionaire, charity, philanthropist, warren buffett
Our favorite charity-worker Bill Gates has successfully signed up 38 billionaires to give away half of their wealth to those less fortunate, in what could be the largest-scale philanthropic work ever.