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135093244

2014 Social Security Cost-of-Living Adjustment Rises, Wage/Tax Threshold Rises More

There is good news if you receive Social Security. You are getting a 1.5% pay raise. There is bad news if you are a taxpayer earnings much more than $100,000. ...
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Tax

What the $216 Million Powerball Lottery Winner Should Do

Playing the lottery is another game of chance that creates vast wealth instantly for the rare winners, even if almost every single lotto player never wins a single dollar back ...
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Tax

Tax Refunds May Be Delayed by Government Shutdown

It looks like tax refunds could be delayed by a week or more due to the recent government shutdown. The Internal Revenue Service (IRS) now says it will not begin ...
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Despite Debt Deal, U.S. Downgrade Risk Remains

Despite Wednesday night's deal to raise the debt ceiling and reopen the government, a downgrade in the credit rating of the United States may still be on the table, says ...
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West side view of the United States Capitol building.

The Washington D.C. Deal Stock Market Rally — Is It Live or Memorex?

Stocks have surged on news that a Reid-McConnell deal is nearly at hand. A deal has been reported as being close, and also that John Boehner would put a Senate ...
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Congress and President Ignore International Calls for Debt Solution

Congress and the White House have become adroit at ignoring the desires of voters to resolve the issue of the government debt and sending home roughly 800,000 workers. So why ...
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AIG's Benmosche Sorry for Racist Comments, but Not Really

This is what American International Group Inc. (NYSE: AIG) CEO Robert H. Benmosche told The Wall Street Journal when he was asked about the public's negative reaction to bonuses paid to ...
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starbucks_coffee_cup

Can Starbucks Change Washington and Save the U.S.? No

For a number of years, Starbucks Corp. (NASDAQ: SBUX) CEO Howard Schultz has displayed a sort of arrogance about what he, and sometimes his coffee company, can do to save the ...
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global economy

OECD Lashes Out at U.S. Budget Trouble to No Avail

The Organisation for Economic Co-operation and Development (OECD) is the latest organization to attack the budget freeze in Washington. Like the International Monetary Fund (IMF), World Bank and scores of ...
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White House South Lawn, Blue Sky, Washington, DC, USA

How Far Does the Market Have to Fall to Impress Washington?

One of the theories about how the budget, debt ceiling and the funding of the Affordable Care Act (ACA) conflicts may be resolved involves a meltdown of the stock market. If ...
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West side view of the United States Capitol building.

As Boehner Speaks on a No Default Path, the Split Continues

The markets were getting some lift on Friday on word that Speaker of the House John Boehner has said that the United States will not run into a default on ...
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Ben Bernanke Official Portrait

What If Bernanke Stays?

Larry Summers has lost his chance to be chairman of the Federal Reserve, brought down by arrogance, missteps as president of Harvard and close relationships to Wall Street. Widely regarded ...
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jeffimmelt

Syria's Eight Lessons for CEOs

CEOs of almost any company of any size can learn critical lessons from the successes, and failures, of decisions made by political leaders as they have taken sides in terms of deciding ...
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Wealthy

Minimum Wage to $10, at Least in California

The announcement must have sent shudders down the backs of fast-food chain and big-box retail chief executive officers. Governor Edmund G. Brown Jr., Senate President pro Tempore Darrell Steinberg and ...
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Mail Boxes

An IPO for the U.S. Postal Service

Royal Mail Group Ltd., the U.K. postal operation, will go public soon. Among the reasons appears to be that the government would like to make money on the value of ...
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