economics

State Budget Woes A Drag On Growth, And Will Get Worse

On Friday February 12, 2010, 7:03 pm EST
http://finance.yahoo.com/news/State-Budget-Woes-A-Drag-On-ibd-483598023....
As Washington works to rev up the economy and spur hiring with yet another dose of stimulus, state and local governments are busily applying the fiscal brakes.

Tax hikes, spending cuts and layoffs top the agenda as states continue to wrestle with severe budget crises that largely can't be deferred by borrowing.

Ten Times the Rate of Inflation

Ten Times the Rate of Inflation

February 09, 2010 9:14 AM
http://blogs.abcnews.com/politicalpunch/2010/02/ten-times-the-rate-of-in...

As we covered yesterday, the Obama administration is demanding answers from California's largest insurance company, Anthem Blue Cross, as to why the company is suddenly raising premiums on some customers by up to 39 percent -- more than 10 times the rate of inflation.

“I really can't afford to spend $9000 a year on health insurance,” said San Francisco attorney and Anthem Blue Cross insured Pamela Fasick.

Sherrod Brown is for Bernanke and against us!

I joined the Campaign for Liberty's "No Audit, No Bernanke!" and called and emailed Senators Voinovich and Brown to vote against the miserable and treacherous man. So far I've gotten a lousy response from Brown where he weasels out of doing anything for the American people or against Bernanke. He deserves a pink slip!

[Emphasis mine throughout]

Dear Mr. Ben-Ariel:

Thank you for sharing your views on the Federal Reserve Transparency Act.

The decline: The Geography of a Recession

Here is an interesting time lapse of the unemployment rates by counties from January 2007 (4.6%) thru November 2009 (9.0%) . SAD and MAD!

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

Mayor’s CSI To Meet On Budget

The Citizen’s Special Investigation (CSI) of the City of Toledo budget will begin on Monday, January 25 at 4:30 p.m. in the Large Conference Room on the 22nd Floor of Government Center. The media is invited to attend the meeting.

The CSI team was recruited by the Mayor after his election in November to review current financial figures for the city, examine potential long-term cost savings and efficiencies, and propose areas of the budget where the city might realize immediate cost reductions. A roster of team members is attached.

Obama wants banks to pay for auto bailout losses

January 14. 2010
Obama wants banks to pay for auto bailout losses
David Shepardson / Detroit News Washington Bureau
http://detnews.com/article/20100114/NATION/1140433
http://wheels.blogs.nytimes.com/2010/01/11/a-spot-of-tea-vs-a-plea-for-m...
The White House wants the nation's largest financial institutions to repay taxpayers for the costs of bailing out banks and automakers.

Under the proposal, the largest 50 banks -- including GMAC Inc. -- would pay $90 billion over 10 years to cover taxpayer losses under the $700 billion Troubled Asset Relief Program.

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