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 Art Smith
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...
by Art Smith
AT&T this morning reports an increase in quarterly profit. From the Reuters story: AT&T’s first-quarter profit rose to $3.46 billion, or 57 cents per share, from $2.85 billion, or 45 cents a share in the same quarter a year earlier. The positive report...
by Art Smith
Well, Hillary appears to be attempting to make EVERYONE happy. More government money to rescue folks who simply bought more house than they could afford. According to a Wall Street Journal story Tuesday, Hillary proposes: Freezing Forclosures for 90 days Freezing...
by Art Smith
Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control. According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%: In a statement on its Web site, the Federal Reserve took the action in...