Americans may have to wait a little bit longer for their refunds during the much dreaded tax season next year, warns the Internal Revenue Service Commissioner John Koskinen, who cited a couple of reasons. First, the tax-collecting agency is waiting for lawmakers to act on expired tax provisions, otherwise known as extenders. The IRS warned […]
Archives for October 2014
IMF warns of bubble in the stock market
The International Monetary Fund (IMF) warned Tuesday that stocks are becoming frothy and overheated, citing six years of near zero interest rates in advanced economies. The Federal Reserve noted this past summer that some sectors of the stock market are entering bubble territory. IMF’s report purported that the longer interest rates stay at around zero […]
Study finds credit unions offer best deals on checking, savings accounts
Do you absolutely despise spending $10 per month to maintain your checking account? Do you get depressed when you think about how little interest you receive on $2,000 set aside in your savings account? Perhaps it’s time to change your financial institution. According to a new study by WalletHub, credit unions offer the best deals […]
Who runs the Federal Reserve? Most Americans don’t know: poll
Many Americans are unaware as to what the Federal Reserve is, what the United States central bank does exactly and who runs it. It’s ubiquitous that the general public is quite apathetic about the subjects of economics and monetary policy. Perhaps the Fed is content with the lack of knowledge regarding its operations because it […]
George Will says it best: ‘Government is not competent’
Academics, pundits and politicos have attempted to pontificate the virtues of the state. They purport that the government is there to protect us, defend us and help us whenever we need it. In other words, the government is all things to all men (think Santa Claus). However, one conservative pundit, who has previously appeared to […]