News Story of the Day: New United States Census data suggest that American workers are less prepared for retirement than they were 15 years ago. A part of the problem, according to report authors, is that half of companies are offering company-sported 401(k) retirement plans as of 2013. up from 39 percent in 1999. It’s […]
Archives for October 2015
IMF warns Saudi Arabia to become bankrupt by 2020
The world’s wealthiest kingdom may be bankrupt by the year 2020, says a new report from the International Monetary Fund (IMF). Earlier this week, the IMF released its World Economic and Financial Regional Surveys, and it found that the Middle Eastern region is set to experience an all out financial collapse over the next five […]
Europe, be afraid: ECB head Mario Draghi could slash negative interest rates, boost QE
Hey, Europe: be afraid, be very afraid. European Central Bank head Mario Draghi is perhaps giving markets an early Christmas present during the month of Halloween. But it could turn out to be more of a nightmare for the overall economy than a gift. It’s reported that within the next six weeks, the ECB could […]
WalletHub report lists highest, lowest tax rates paid by U.S. corporations
It’s election season so you know that taxes, particularly corporate tax rates, are front and center during the campaign trail and presidential debates. So far, Donald Trump would lower the corporate tax rate from 35 percent to 15 percent (SEE: A look at Donald Trump’s ‘magnificent’ tax proposal), which many of his opponents say is […]
The Collapse of U.S. Middle Class? Half of U.S. workers earn less than $30,000, 25% have negative net worth
A lot of Americans believe the American Dream as well as the concept of the middle class has come to an end. The amount of taxes, the erosion of the United States dollar, the rising cost of living and a weak economy are all ingredients for a recipe to the collapse of the middle class. […]