March 16 (Bloomberg) — U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today. The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. [...]
“Author Archive”
Obama Backtracking: Open to Taxes for Middle Class
By: Dave Eberhart Backtracking on a firm and fast campaign promise, President Barack Obama now says he is “agnostic” about raising taxes on households making under $250,000 a year, including the idea in the general tool bag needed to lower the nation’s crippling deficit. In an interview with Bloomberg Business Week that hit newsstands Friday, [...]
Global bank tax near, says Brown
By George Parker and Lionel Barber Gordon Brown said on Wednesday the world’s leading economies were close to agreeing a global bank tax, amid hopes in Downing Street that a deal can be concluded at the G20 summit in Canada in June. Mr Brown believes that opinion has shifted decisively in favour of a globally [...]
Obama Budget Carries Host of New Taxes on Small Business, Entrepreneurs
Monday, 01 Feb 2010 02:44 PM While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals. Obama’s budget would extend his signature Making Work Pay tax credit — $400 for individuals, $800 for a couple filing [...]
CNBC’s Jim Cramer: Brown Win Tuesday Causes Huge Stock Rally As Investors Celebrate ‘Pelosi Politburo Emasculation’
By Noel Sheppard January 17, 2010 – 01:25 ET Former Barack Obama supporter Jim Cramer on Friday said the stock market would have a huge rally if Scott Brown defeats Martha Coakley in Tuesday’s special senatorial election in Massachusetts. “I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at [...]
Forget U.S. Sovereignty? U.N.’s World Health Organization Eyeing Global Tax on Banking, Internet Activity
By George Russell The World Health Organization (WHO) is considering a plan to ask governments to impose a global consumer tax on such things as Internet activity or everyday financial transactions like paying bills online. Such a scheme could raise “tens of billions of dollars” on behalf of the United Nations’ public health arm from [...]
Ten investment ideas for 2010 – Where to put your money for a watershed year
By Jonathan Burton SAN FRANCISCO (MarketWatch) — Knowing that there can be too much of a good thing, many investors are wary about how stock and bond markets this year will follow their remarkable 2009 surge. One thing’s for sure: This year won’t be like the last. “We’re not going up 65% in the first [...]
Fed Blocking Congressional Probe of Treasury, Geithner
Tuesday, 12 Jan 2010 03:48 PM The Federal Reserve Bank of New York faces a congressional subpoena into bailout decisions made under the leadership of now-Treasury Secretary Timothy Geithner. Rep. Edolphus Towns, D-N.Y., said Tuesday he will subpoena the New York Fed for documents related to the bailout of failed insurer American International Group Inc. [...]
U.S. Chamber warns of ‘double-dip’ recession because of Dem policies
By Ian Swanson – 01/12/10 09:44 AM ET U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama. “Congress, the administration and states must recognize that our weak economy simply could not sustain all the [...]
Obama Still Targeting Bush in Blame Game
Friday, 08 Jan 2010 07:15 PM WASHINGTON – He says “the buck stops with me,” but nearly a year into office President Barack Obama is still blaming a lot of the nation’s troubles — the economy, terrorism, health care — on George W. Bush. Over and over, Obama keeps reminding Americans of the mess he [...]