United States Treasury Secretary Timothy Geithner is stepping down from his post by the end of January. Geithner’s resignation could transpire even before a debt deal is reached between President Barack Obama and the Republican leadership in Congress. Bloomberg News first reported that two anonymous sources close to the situation confirmed he would be leaving […]
Archives for January 2013
Canadians hit with increased taxes, higher government service fees in 2013
In 2013, paychecks for middle-class Canadian workers will be smaller because of hikes in Employment Insurance (EI) and Canada Pension Plan (CPP) rates. Employees and employers are expected to pay a big chunk throughout the year as the federal government debates the CPP with the provinces. For Canadian workers earning at least $47,400 each year, […]
Senators received 154-page Fiscal Cliff bill three minutes before vote
First, allow me to admit something: I am not the fastest reader. I love to read, but I’m not a quick one. With that being said, I’m amazed that those in Washington are really fast readers. When it came to President Barack Obama’s Affordable Care Act, the 2,000-page piece of legislation was read in just […]
Another Keynesian gets smashed by Peter Schiff
Peter Schiff school’s CNBC’s Senior Economic Reporter Steve Liesman in basic economics in his latest appearance on CNBC.
Gas prices were higher in 2012 than any other year: AAA
If it wasn’t bad enough that food, energy and rent are on the rise – of course the dollar isn’t on the rise in terms of value – it seems gas will also be a huge issue in the coming collapse of the United States economy. According to the American Automobile Association (AAA), the average […]