Tag Archives: obama

A decade of slow growth?

By Fareed Zakaria From: Cnn.com: Every year at Davos, people like me try to get a sense of the mood of the place, take the temperature of people in this frosty mountain resort. Obviously, I will give you a highly impressionistic and personal picture, but it’s one I find useful since Davos does bring together […]

Fiscal Cliff Talks Heat Up This Week

Economists have issued dire warnings about a possible recession and a new slump for the jobs market if the cliff isn’t averted before the January 1 deadline. FULL STORY

Interactive: War not only about Syria

There’s more to the Syrian civil war than rebels versus the regime. Syria’s neighbors in the Middle East also have a stake in the conflict. FULL STORY

Bloomberg: The Fiscal Cliff Will Drive the U.S. Into Recession

House Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner pitched the White House plan to save the nation from the “fiscal cliff.” FULL STORY

6 Ways The Fiscal Cliff Could Affect You

Federal Reserve chairman Ben Bernanke used the term “fiscal cliff,” it quickly became the newest Washington buzzphrase. As the deadline to avert the cliff nears, it has overtaken the European debt crisis as the most talked-about story in the financial media. The fiscal cliff refers to the enactment of a number of laws that would, […]

The U.S. Recovery Has Been Spectacular*

We need a real recovery. That’s what Mitt Romney said during the campaign, and he was right. Five years since the start of the Great Recession, unemployment is still far too high. It’s not for a lack of optimism among policymakers. As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just […]

Fiscal cliff would drive the U.S. economy back into recession.

Fiscal cliff would drive the U.S. economy back into recession before end of 2013, a new report from the Congressional Budget Office said. Congressional Budget Office released a report showing that the most harmful consequences of the fiscal cliff, a fully armed and operational fiscal cliff would cost us 3.4 million jobs. Obama Fiscal Cliff […]

The Best-Capitalized Bank Of Them All?

Surprised? Many are. Not long ago BofA had the worst capital levels among its big bank peers but today the bank reported a Basel III Tier 1 capital ratio of 8.97%–beating JPMorgan Chase, Wells Fargo and Citigroup. FULL STORY

Count ‘Em: 30 Billionaires Now Backing Romney’s Super PAC

It’s no secret that the super-rich have been more inclined to write checks to right-wing candidates so far this election cycle. What is a bit of a surprise is just how many members of the Forbes 400 have donated to one group in the last few months. Source: http://www.forbes.com

Billionaire Buddies: Adelsons Join Forces With Koch Brothers to Take Down Obama

In recent years, billionaire oil magnates David and Charles Koch have bankrolled the Tea Party movement, Republican candidates, and efforts to deny the existence global warming. But less noticed have been their series of twice-yearly strategy coordination meetings for wealthy right-wing donors… Source: http://www.truth-out.org