Posted on April 9, 2009 by jasegraves
The Democratic Republic of Congo, faced with a fiscal crisis, is now forcing their leaders to pay taxes. Reuters reports
Amid a growing budget shortfall, the government is under pressure to cut costs and boost tax revenues.
Budget Minister Michel Lokola told Reuters that last month’s decision to tax government salaries at source, rather than rely on [...]
Filed under: Geithner, Obama, banks, congress, economy, election reform, ethics, lobbyist, news, recovery, spin, stimulus, taxes | Tagged: bailout, bankruptcy, Barack, change, congress, economy, election, federal reserve, free trade, Geithner, Goldman Sachs, JP Morgan, Lehman Brothers, Obama, recession, seize assets, solutions, tax cheats, treasury, United States | Leave a Comment »
Posted on March 30, 2009 by jasegraves
The Latin American Herald Tribune quotes Clinton as saying,
“Our insatiable demand for illegal drugs fuels the drug trade,” Clinton told reporters earlier en route to Mexico. “Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the deaths of police officers, soldiers and civilians.”
She vowed that we would [...]
Filed under: Clinton, drugs, economy, foreign policy | Tagged: bankruptcy, cartels, Clinton, Columbia, drugs, economy, meth, Mexico, Obama, seize assets, solutions, treasury, United States | Leave a Comment »
Posted on March 11, 2009 by jasegraves
Reuters led the story of yesterday’s stock market rally with the following:
Stocks rose on Wednesday, with the benchmark S&P 500 index attempting the first two-day advance in a month, as investors held out hope that Washington would restore confidence in banks by relieving them of money-losing assets.
This is a rather disingenuous conclusion to derive from [...]
Filed under: Geithner, Obama, banks, congress, credit cards, economy, ethics, news, recovery, spin, stimulus | Tagged: bailout, bankruptcy, congress, depression, economy, federal reserve, Geithner, Goldman Sachs, JP Morgan, Lehman Brothers, Obama, recession, solutions, treasury, United States | Leave a Comment »
Posted on February 23, 2009 by jasegraves
In the early 1900’s, commercial banks began to establish security affiliates that floated bond issues and underwrote corporate stock issues. (In underwriting, a bank guarantees to furnish a definite sum of money by a definite date to a business or government entity in return for an issue of bonds or stock.)
Then the stock market crashed.
In [...]
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Posted on February 23, 2009 by jasegraves
NABE, the National Association of Business Economists, today released the results of their annual member survey. Reuters reports they predicted “the recession-hit economy would begin to recover in the second half of this year, returning to a potential growth trend in 2010.”
I wondered who these people were, and if they were the same people that [...]
Filed under: Geithner, Obama, banks, credit cards, economy, ethics, lobbyist, spin, stimulus | Tagged: bailout, bankruptcy, Barack, Bush, change, Clinton, congress, depression, economy, federal reserve, free trade, Geithner, Goldman Sachs, JP Morgan, Lehman Brothers, NABE, recession, solutions, tax cheats, treasury, United States | Leave a Comment »
