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Tag Archive | "economy"

Obama’s Friend and Former CEO UBS America Robert Wolf: Trickle-Down Economics Hasn’t Worked in the US

28 Robert Wolf, 32 Advisors CEO, on the key issues in the 2016 presidential race. Robert Wolf is a former President and Chief Operating Officer of UBS Investment Bank, as well as Chairman and CEO of the UBS Group Americas division. Wolf was a member of UBS’s Group Executive Board from 2008-2010. Wolf currently serves […]

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Art Laffer: This Administration Treats Taxpayers as Criminals

25 Former Reagan Economic Advisor Art Laffer on the steps to boosting U.S. economic growth. The highest marginal tax rate is 43 percent in an attempt to “tax into prosperity.” Art Laffer says producers and manufacturers will always move from areas of higher taxes to areas of lower taxes. Art Laffer says we are losing […]

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The Guardian: Economist Ross Ashcroft Explains that a Second Financial Crash Is Imminent

37 David Cameron says a second financial crash is imminent. If he’s right, it’s because politicians bailed out the wrong industry, argues Renegade Economist Ross Ashcroft. Bankers and politicians saved the wrong industry, says Economist Ross Ashcroft. First Massive Fail Instead of channeling money into the real economy where we all work, politicians pumped money […]

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July Unemployment 7.4%, Down from 7.6% in June; But Still Wearing Us Down

34 CNN’s Tom Foreman reports on the unemployment rate and how it affects workers and the labor market. Fewer people were hired in July than expected, more were hired at low wage positions. There is no sign that we are going to get out of the 7 percent range. The job market is a total […]

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“Fiscal Cliff” Averted with Passage of American Taxpayer Relief Act of 2012

23 The House of Representatives approved a deal to avert the fiscal cliff on Tuesday night, by a final vote of 257 to 167. The bill, which already has Senate approval, now goes to President Obama for his signature. The near term threat of the “United States falling of a fiscal cliff” has been eliminated […]

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President Barack Obama Appeals for a Second Term with Bottoms Up and Middle Out Economy, Not Top Down Economy

30 Road to Charlotte: As Barack Obama prepares to accept the Democratic presidential nomination in North Carolina, he’ll be highlighting successes of his first term with an eye to the future. Norm Ornstein of the American Enterprise Institute says there’s an enthusiasm gap comparing Obama 2012 to Obama 2008. I don’t believe in top down […]

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Oil Prices Fell For Bit with Prospect of Libyan Oil Back Online

36 International oil prices fell Monday on the prospect that exports from Libya will return to the market at a time of economic weakness. International oil prices fell Monday because of the prospect that Libyan oil shipments will hit the market again, but it could be a year or more before Libya produces enough oil […]

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Obama Calls US AAA Nation Despite AA+ Rating

28 President Barack Obama says the U.S. always is and always has been a triple-A country, despite its rating agency downgrade. President Barack Obama took care not to name Standard & Poor’s as the organization that downgraded the United States credit rating from AAA to AA+. Lack of political will in Washington is a problem […]

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Pappadeaux Seafood Kitchen at Algonquin and Golf in Arlington Heights Closing Mid-January

34 Pappadeaux Seafood Kitchen, which has served Cajun cuisine since 1997 at Golf Road and Algonquin Road, has notified about 150 employees that it will be closing about January 20, 2011 — a tentative closing date. The news hits the Village of Arlington Heights budget with another loss of tax revenue, following the closing of […]

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Ask Paul B: Stop $ The Self Pity $

37 Dear Paul B, I am not one to complain, but this is truly sad. I am 50, and I now work 3 jobs, and I make 30% of what I used to make over 3 years ago. I was a deck holder at the Board of Trade. I filled orders in the 5 Year […]

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