With the elimination of the Ohio Estate Tax small business owners, farmers and their employees were given a major victory against big government this past Wednesday when Governor John Kasich signed the states nearly $56 billion dollar budget. The American Family Business Institute (AFBI), which is a national trade association of family business owners, farmers [...]
Slumping home sales are just one element of a U.S. economy that Gluskin Sheff economist David Rosenberg has deemed a 1930’s style economic Depression and not a recession. Rosenberg noted that similarly to today the Great Depression also had its high points, with sharp stock market gains and several sets of positive GDP growth reports, [...]
Rep Barney Frank (D) Massachusetts and chairman of the House Financial Services panel said on Tuesday that he believes that Fannie Mae and Freddie Mac should be abolished. Frank also said “The only question is what do you put in their place.” Fannie Mae and Freddie Mac received $150 billion dollars in taxpayer bailout money [...]
Progressive’s tagline of “You could save over $500 on car insurance” can lead up a 30% discount and the best car insurance quote you may find online, but there’s a catch. Getting such inexpensive car insurance may require a driver to allow Progressive to install a monitoring device under the dash that reports on the [...]
The current estate tax, also known as the death tax is set to expire by the end of 2010 if lawmakers don’t act before then. At present if no changes are made by congress before the end of the year, and most experts are predicting thee will be no changes then the estate tax will [...]
Treasury Secretary Timothy Geithner acknowledged that the Obama Administration is seeking to let the so called Bush tax cuts for the top tier expire at the end of the year. Mr. Geithner said, “We believe it is appropriate to let those tax cuts that go to the most fortunate expire.” which will undoubtedly setup a [...]
The collapse of the housing market which started by in 2007 and was the chief reason for the economic collapse of the U.S. economy is faltering again. Future construction rates for new homes fell another 3% in June and that’s following big declines in both April and May. Experts believe that there are a variety [...]
On Friday Apple Inc. announced that it had a fix for its new iPhone 4 which some customers claimed had an abnormally high drop rate due to the design of the antenna. So why are people who already have a perfectly good cell phone such as the previous iPhone which didn’t have the signal problem [...]
NEW YORK – Oil giant BP saw its stock surge in late day trading as news was released that the new tighter cap had appeared to stop the oil leak. BP’s American depositary shares closed up 7.6% at $38.92, the stock’s highest level since June 4. After hitting a 14-year low in late June at [...]
The Obama Administration revised the initial six month moratorium on oil drilling it had in place when a judge overruled the administration. The new moratorium which lasts until Nov. 30, applies to most deep-water drilling operations, including those that use subsea blowout preventers, the Interior Department said in a statement. “Whether you call it a [...]
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