by Art Smith
Exxon Mobil Corporation reported record earnings today, a record for any major corporation, but still came up short. Earning 2.27 per share was still 10% below market expectations. So, Exxon stock took a 4.7% slide. Not really a big deal, since the close today was...
by Art Smith
“Everyone knows…” are words I’m getting tired of hearing. It is a subtle form of manipulation by forcing one to either immediately agree or disagree and by disagreeing become an outsider. Katie Couric this evening says “The...
by Art Smith
As expected, President Bush signed HR 3221 into law this morning, making billions of federal dollars available to home owners, shoring up Fannie Mae and Freddie Mac, and providing closer oversight of the financial aspects of home ownership to the Administration and...
by Art Smith
Just when you thought you couldn’t afford to go on summer vacation, just when you thought the ONLY answer to rising gasoline prices was a “gas tax holiday”, just as various states are complaining they don’t have enough tax money collected to...
by Art Smith
In reference to my post on Saturday regarding HR 3221, the “Housing and Economic Recovery Act of 2008″, I discovered a site where there is a copy of the Congressional Budget Office Cost Estimate for HR 3221. Over the next ten years, according to the estimate, this...
by Art Smith
Well, it took almost 3 months, but Congress finally passed the bill today, on older version of which was passed by the House in May, after some considerable back and forth between the Senate and the House. The bill is HR 3221 (pdf), titled: “Housing and...