by | Oct 20, 2010 | Towing
The TARP bailout of financial firms has yielded a return of 8.2% in two years.
This return, $25.2 billion on an investment of $309 billion, beats what could have been gained by U.S. Treasuries, high-yield savings accounts and certificates of deposit, Bloomberg News reported.
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When it was first announced, the TARP program was expected to cost the taxpayer billions of dollars. It is…
Continue reading TARP Investment Earned Taxpayers 8.2% in Two Years
TARP Investment Earned Taxpayers 8.2% in Two Years originally appeared on DailyFinance on Wed, 20 Oct 2010 07:04:00.
Filed Under: Company News, Economy, Investing, Taxes, Credit, Market News
by | Oct 15, 2010 | Towing
There will be no cost-of-living adjustment in Social Security payments for 2011, the second straight year without an increase.
The Social Security Administration said today that inflation is too low to justify a boost. The decision will affect more than 58 million retirees and disabled Americans.
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“We’re a little bit upset because our bills are going up and our Social Security…
Continue reading Social Security Administration Says No Cost of Living Adjustment in 2011
Social Security Administration Says No Cost of Living Adjustment in 2011 originally appeared on DailyFinance on Fri, 15 Oct 2010 08:58:00.
Filed Under: Economy, People, Taxes
by | Oct 1, 2010 | Towing
BP (BP) named the U.S. oil assets that will help finance its $20 billion compensation fund for victims of the Gulf oil disaster.
Revenue from oil fields including Thunder Horse, Atlantis and Mad Dog will be tied to compensation payments, the oil giant said in a statement.
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“The pledging of these assets underscores our commitments to the Trust which we set up to pay all legitimate…
Continue reading BP Names Assets as Collateral For Compensation Fund
BP Names Assets as Collateral For Compensation Fund originally appeared on DailyFinance on Fri, 01 Oct 2010 07:04:00.
Filed Under: Energy, Company News, Technology, Green, BP
by | Sep 30, 2010 | Towing
The U.S. Postal Service’s attempt to raise the price of a first-class stamp to 46 cents from 44 cents was unanimously rejected today by an oversight board, which said the Postal Service failed to sufficiently quantify either th…
by | Sep 27, 2010 | Towing
President Barack Obama pushed for stricter teaching standards and a longer school year as effective methods to improve the American education system, Bloomberg News reported, citing Obama’s appearance on NBC’s “Today Show.”
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