Interest rates are the price of money, and though that price is near zero right now, the cost of low interest rates to our nation may be too high. Low rates are squeezing savers, seniors, banks and pension funds, and the benefi…
President Obama insists that his agreement with Republicans will help working people avoid a pay cut. But as tax experts look at the full package more closely, it has become clear that low-end wage earners will indeed take a pa…
The bonds have the U.S. government’s full backing. But investors this week are waking up to an entirely different risk: the alarming drop in bond values and rising yields. And the reason for that may less a tax-cut-fueled defic…
The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are bas…
Simply put, the losses Irish taxpayers will be forced to cover are larger than the nation’s economy can support, even with the promised bailout. The EU and Irish political leadership’s attempts to put a brave face on the crisis…