Category Archives: Finance

Biggest Food Stamp Cut in US History Took Effect Nov 1. More to Come?

Almost 48 million people in the richest country on Earth are hungry. And the most vulnerable, those receiving food stamps, got even hungrier on November 1st when the program—now called SNAP—was cut by $5 billion nationwide, or about 5.5%. Over … Continue reading

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The Battle Over Minimum Wage in the United States

In the United States, minimum wage laws are a widely debated topic. Advocates of change argue that the minimum wage is too low to meet people’s needs, while others suggest that raising the rate would be detrimental, rather than helpful. … Continue reading

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Job Growth Will Increase Regardless of the President Elect

Whether you support Romney, Obama, or another candidate, job growth in the U.S. is destined to increase, even without drastic administrative changes.  Over the past several months, the number of jobs added to the private sector has not been that … Continue reading

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Victory for Students as Obama Unveils Loan Forgiveness Plan

When it comes to student loans, I’ve been luckier than most. Federal financial aid and academic scholarships paid for almost all of my college education. Even so, a majority of students in America today will earn their Bachelor’s degrees and … Continue reading

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Hey AT&T, Whatever Happened to Capitalism?

Hey AT&T, Whatever Happened to Capitalism? Let’s play math games.  Capitalism is a social system based on the principle of individual rights. The absolute foundation of capitalism is competition.  The entire essence of our free market system lies in consumer choice.  … Continue reading

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NYSE Euronext, Deutsche Boerse to Merge

German Deutsche Boerse and NYSE Euronext have agreed to a merger which will create the world’s largest cross-border financial exchange giant. Instability and rapid change in world economic markets seems to have created a need for a more homogeneous system … Continue reading

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Exxon Reports Huge Profits

Quarterly statements for Exxon Mobil Corporation show a profit increase of 53 percent. Market analysts cite an improving economy and increased demand for anything and everything petroleum. By the end of 4th quarter 2010, the oil giant reported net profits of $9.25 billion … Continue reading

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FCIC Says Economic Crisis Was Avoidable

First, lets remember some of the big corporate names which now bear iconicity with the economic collapse during 2007 and 2008. In no particular order: American International Group (AIG), Countrywide Financial, Lehman Brothers, Bear Sterns, Federal Home Loan Mortgage Corporation … Continue reading

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Panic! At The Stock Market

In case you haven’t heard, at one point today the stock market dropped by about 1,000 points in the span of a few minutes. Although the Dow Jones Industrial Average recovered to close down only 3.7% it’s still the worst … Continue reading

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Meet Your New 100 Dollar Bill

Remember the big deal around the new hundred dollar bill that was unveiled in 1996? It was new and improved and featured a much bigger Ben Franklin. A similar design has over the years trickled down through the fifty, twenty, … Continue reading

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