Money Today That Matters Tomorrow
See the latest on unemployment benefit extensions. [2008 Stimulus Package] Continuing with my in depth coverage of “Your Money in the Stimulus” series, it is was good to see that the final version of President Obama’s economic stimulus package retained benefits for the unemployed, disabled and under insured. With millions …
Under the Inflation Reduction Act (IRA), a $7,500 EV Tax Credit Extension was funded. This would be available for single filers making less than $150K a year, or $300K for joint filers. There is a cap on the price of eligible vehicles at $55,000 for eligible new cars and $80,000 …
Market watch reports that the total final cost to taxpayers of the much-maligned $700 billion Troubled Asset Relief Program (details below) will be around $50 billion, the Treasury Department estimated on Tuesday. The two-year TARP program, which officially expired on Sunday, initially used government money to make capital injections into …
I get so much junk mail nowadays – Credit Card Offers, Investment/Real estate flyers, Magazine offers, etc – that it is sometimes hard to find the real mail amongst all the junk. I read somewhere that by reducing your junk mail for 5 years, you’ll conserve 1.7 trees and 700 …
President Barack Obama, along with newly appointed Treasury Secretary Timothy Geithner, called recent bonus payouts at firms receiving tax payer funded bailouts “shameful” and announced the government will require financial companies getting aid in the future to cap compensation of top officials at $500,000 a year. The compensation restrictions announced …
[Updated] Looks like credit card reform is gaining steam as the Senate is expected to vote (and approve) the controversial bill this week. The Credit Card Reform Bill, approved by the House on April 30th, is expected to pass in Congress with more than 20 amendments to the original house version …
[Updated] Gold prices reached record levels following S&P’s sovereign credit downgrades and ongoing fears of Euro market/region instability. Coupled with volatility in global equity markets many investors and sovereign nations have rushed to invest in the yellow metal for protection and price speculation. A number of analysts are predicting that ongoing …
The Federal Deposit Insurance Corp (FDIC), the agency that guarantees bank deposits, is expected to ease rules restricting relatively weak banks and thrifts from paying higher rates to attract deposits. Under current rules, institutions rated below “well-capitalized” are restricted from paying rates much higher than U.S. Treasury bond yields. But …
[Update Feb 12]. The Stimulus Plan has been finalized with agreement reached by both parties in Congress. House Speaker, Nancy Pelosi, released a fact sheet outlining the final elements of the stimulus package. [I have covered a number of these in separate posts] The conference report on American Recovery and …
Financial stocks have taken a battering over the last week with steep falls across the board, including the big banks such as Citigroup (C), Bank of America (BAC) and JP Morgan Chase (JPM) which have all fallen more than 25% to record lows. The reasons behind the falls are primarily …
Over the last few years as my tax situation grew more complex I have ended up using a tax professional to do my taxes. This was an easy option for me given I had personal income, business income and some overseas earnings. And with an accountant I felt a sense …
I wrote this article way back in 2008 following the last major stimulus package and bailouts from the Global Financial Crisis (GFC). It scary how much this applies to 2020 following over $4 Trillion of new stimulus packages to rescue the American economy from the Coronavirus induced slowdown. Just replace …
President George W. Bush has requested Congress to release the second half of the $700 billion financial-rescue fund (TARP) on behalf of President-elect Barack Obama. Given the controversy over the lack of oversight and inefficient distribution/usage of the first $350 Billion tranche, a huge political fight and close scrutiny is …
It is very easy to buy a stock. Selling a share or stock though, especially if it has lost value, is a much harder process because of the emotions involved. Knowing when to sell a stock, and actually doing it, is tough and that is why most people like to …