by Art Smith
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...
by Fersboo
Today’s Wall Street Journal contains an op/ed by Brian Wesbury, one of the more level-headed and highly respected economists in the country. His recommendation is that Congress suspend mark-to-market accounting rules, because investors refuse to put money into...
by Art Smith
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...
by Art Smith
This is Part 2 of the analysis of Friday night’s Presidential Debate. Part 1 was posted on Saturday. Iran Lehrer asked for a “reading” of Iran by the candidates. Are they a threat? Both candidates made it very clear that nuclear weapons in the...
by Art Smith
Sorry, having computer issues and won’t get Part 2 of the Debate to you until Monday. Look forward to an initial assessment of the Bailout Bill. And a review of the new movie “Fireproof” that just opened this weekend.
by Art Smith
From the New York Times late last night: WASHINGTON — Congressional leaders and the Bush administration reached a tentative agreement early Sunday on what may become the largest financial bailout in American history, authorizing the Treasury to purchase $700 billion...