The Federal Reserve released data Friday indicating that overall holdings of United States marketable securities by foreign central banks rose $7 billion in the week that ended July 3. It now stands at $3.28 trillion. Holdings of Treasury debt by foreign central banks, meanwhile, increased $9 billion in the same week and now total $2.94 […]
Archives for July 2013
9 economic freedoms Americans have lost since our Declaration of Independence
The United States is an exceptional nation, or at least it was until politicians and the general public found it acceptable that government can intervene in our lives, dictate what we can or can’t do and spy on its citizens without a court order or due process. Indeed, the U.S. was a great nation, but […]
New student loan rate doubles to nearly 7%, Congress can’t reach deal
After the United States Congress failed to reach a deal and act on one of the most contentious issues for young people in America, student loan rates doubled to nearly seven percent Tuesday, but some lawmakers are hopeful it could be reduced when Congress convenes following the Fourth of July holiday weekend. The 6.8 percent […]
Rand Paul urges U.S. government to stop using taxpayer dollars to fund Morsi
Huge protests are taking place across the nation of Egypt. Tens of thousands of people have crammed into Tahrir Square and outside the presidential palace, while millions more have converged onto the streets of many Egyptian cities. This is the largest demonstration since the 2011 revolution, which started the Arab Spring. The protests accuse President […]
Americans facing new taxes, fines for smoking, bullying and slow driving
It seems that millions of Americans will be taxed or fined for just leaving their homes. A new report has highlighted a slate of new taxes and fines for a lot of acts across the nation, whether it be shopping, purchasing a green vehicle or bullying someone, that become enforceable today, the first day of […]