The Senate Strikes Back
Our US Senators have approved a version of the $700 Billion Bail-out Bill that provides some new features: New tax breaks for businesses Raising the FDIC deposit insurance limit from $100,000 to $250,000 Normally, I am all about tax breaks for businesses. I think...
Offshore Drilling Ban – Almost Expired
The ban on offshore drilling expires tonight at midnight Eastern Time. At this writing, that’s just five hours away. Congress was incredibly preoccupied during the weeks following its lengthy vacation, and could not (supposedly) get the work done to extend...The Economy Today
My cohort DJ is going to disagree with me. Just you wait and see. ~ ~ ~ ~ ~ Today did not scare me. It did surprise me, because I didn’t think that Congress had the ability to face down the President, Treasury Secretary and their own part leaders all at the...Congress Is Finally Back, Price Of Oil Drops Again
Crude oil dropped to $105/bbl Monday, down $1.26. After hours the price continued to fall, as of midnight it was hanging around $102/bbl. Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%. ...Drill, Baby, Drill!
During Rudy Giuliani’s speech at the Republican National Convention tonight, the crowd got so stirred up on the oil drilling issue, they interrupted his speech for a couple of minutes while they chanted (I believe): “Drill, Baby, Drill!” It was...Stay in Touch
