Posts tagged as:
As the president Obama has to be optimistic on this subject but as a citizen I don’t, and I think that the unemployment situation is way worse than our leaders are conveying. Now days you have to be crazy to trust an employer we must learn the art of being self sufficient; if you have a job, great but you better have other means of income coming in because employers are cold blooded and there only concern is their bottom line.
{ 0 comments }
White House officials were button-lipped about the visit Wednesday, but confirmed on Thursday morning that, yes, Jay Z did indeed visit 1600 Pennsylvania Avenue. An official said the rapper toured the White House on Wednesday and had a quick, unscheduled visit with President Obama.
via: Washington Post
This is just a funny site to see Jay posted up, kicked back in the White House. I say this because I would have never expected to see a raper with the lyrical content that Jay has in this position of success that he’s is in; financially yes one could understand but politically and socially hell no lol… But I guess I shouldn’t be too surprised hip hop has always broken down barriers and Jay has changes up his image a bit… getting married, putting on the suit and tie, also Jay and Obama aren’t too far apart in age so I can actually see Barack being a low key Jay Z fan lol..
What are your thoughts?
{ 0 comments }
The President welcomes the Los Angeles Lakers to the White House to honor them for winning the 2009 NBA Championship. January 25, 2010.
{ 0 comments }
Obama’s Small Business Tax Cuts May Hurt Economic Growth:
In a speech last month at the venerable Brookings Institution, President Barack Obama laid out a series of objectives meant to stimulate economic activity. As he put it, “Our work is far from done.”
Obama’s proposed economic package includes an elimination of capital gains taxes on small-business investment as well as an extension of business equipment write-offs. Small businesses would be allowed to write off 100% of their capital equipment purchases, while large businesses could deduct 50% of those expenses in the first year.
Somewhat surprisingly, noted tax experts and supply-side thinkers Ernest Christian and Gary Robbins endorsed Obama’s tax pledge in a Wall Street Journal op-ed. They argue that the tax proposals were “the one right thing” in Obama’s address, the cuts being “a proven job-creating machine in the private sector.” Discounting that businesses are decidedly not in business to create jobs– the proposed cuts are at best geared toward a business climate that no longer exists; at worst they are merely subsidies masked as tax cuts.
First, supply-side tax policy is, at its core, all about incentives. But judging by his plan, Obama is creating incentives for businesses to remain small. As evidenced by the less favorable tax treatment proposed for large businesses, those that start small but grow into something larger will be penalized for doing so. Full Story Here
——————————————–
Looking to snag shares of Facebook before it goes public? Felix Investments, a New York City investment manager, is giving rich clients a chance to do just that. The firm touts in a letter to potential investors: “Opportunities like this do not come along every day and we have not seen an opportunity like this since Google in 2004!”
Maybe for good reason. Felix is among a handful of firms vying to get an early jump on Facebook’s initial public offering (though the company says it has no plans of doing one). These firms have been pooling clients’ money to buy blocks of employee-held shares of the social network company before any IPO.
Felix Investments wouldn’t comment, but sources say the firm is looking to pay around $25 per share of Facebook, which values the company at close to $11 billion, according to private share marketplace SharesPost. Full Story Here
——————————————–
Do you have trouble keeping New Year’s resolutions that involve losing weight or reading more? Maybe it’s time to put your time instead into resolutions that will pay real dividends down the road. Invest a few hours in making some simple money moves that will bulk up your portfolio and give you a solid chance of exiting 2010 more prosperous than you enter it.
Tough as the past year has been financially, the economy has provided a good opportunity to take a fresh, objective look at your financial future, says Roger Wohlner, financial planner in Arlington Heights, Ill.
“Periods of ups and downs in the market are very common, but rarely have we seen anything as extreme as we’ve seen over the last 15 months,” he says. “This is an especially opportune time for somebody to reassess his or her portfolio, retirement strategy and whole financial plan.”
Often the smartest moves you can make are tried-and-true ones–not the sort of stuff that’s been spawned as newfangled ways to protect yourself. In Depth: 10 Smart Money Moves For 2010
{ 0 comments }
He make some valid points in this speech, but still there are no winners in wars; while leadership make the decisions the people bare the burden of death. Its not the politicians son’s and daughter’s who are losing their lives in these senseless wars.
What are your thoughts on Obama’s speech?
{ 0 comments }
There are a lot of funds being thrown around to stabilize the economy but these funds doesn’t seem to have reached the middle class and poor people, who really need the bailout. Obama is proposing new strategies to help hurry along the process of pulling the country out of financial turmoil, but will it work is the biggest question. Check it out:
President Barack Obama today proposed new spending on the nation’s infrastructure, tax credits for small businesses to spur hiring and incentives to make homes more energy efficient in a new round of measures aimed at cutting the jobless rate.
Obama also called for “mobilizing” remaining money in the financial-system bailout fund to open up more credit to small businesses.
The president didn’t give a price tag for the proposals. He said they would be at least partly offset by savings in the Troubled Asset Relief Program, which the Treasury has said would cost $200 billion less than originally projected.
“Given the challenge of accelerating the pace of hiring in the private sector, these targeted initiatives are right and they are needed,” Obama said in a speech at the Brookings Institution, a research organization in Washington. “But with a fiscal crisis to match our economic crisis, we… For More Click Here
{ 0 comments }
Forbes has complied their list of the most powerful individuals in the world is non other than our president Obama. Other on the list include Michael Bloomberg, Bill Gates, Hillary Clinton, Warren Buffett, and one I didn’t expect to see Osama bin Laden For the full list click here: Worlds Most Powerful People
Power has been called many things. The ultimate aphrodisiac. An absolute corrupter. A mistress. A musical instrument. But its true nature remains elusive. After all, a head of state wields a very different sort of power than a religious figure. Can one really compare the influence of a journalist with that of a terrorist? And is power unexercised power at all?
In compiling our first ranking of the World’s Most Powerful People, we wrestled with these questions–and many more–before deciding to define power by four dimensions. First, do they have influence over lots of other people? Do they control relatively large financial resources compared with their peers? Are they powerful in multiple spheres? There are only 67 slots on our list–one for every 100 million people on the planet–so being powerful in just one area is not enough. Lastly, we insisted that our choices actively use their power.
{ 0 comments }
The latest data on unemployment has brought home with painful clarity just how severe this downturn has been. More than 10% of the workforce is unemployed; the addition of the underemployed and labor-market dropouts raises joblessness to over 17%. The economy is continuing to shed workers. The only good news is that it is “less bad” in that the number of job losses has declined. This bad news is not unexpected in that the labor market always rebounds with a lag. But it is bad enough that the Administration is being put under pressure to engage in more stimulus spending. That isn’t likely to happen.
It isn’t likely because the Treasury recently closed the books on fiscal 2009 and the news is not good. The fiscal deficit for the year was $1.4 trillion, an increase of more than $960 billion over fiscal 2008. In a $14 trillion dollar economy, that represents nearly 10% of GDP. The last time we were this indebted was during World War II. These facts should seriously temper any euphoria over the third-quarter turnaround in GDP growth.
The Administration has painted itself into a very difficult corner. It has dramatically increased spending, and it has refused to acknowledge that its commitment to not raise taxes on taxpayers earning $250,000 or less is not really credible in the face of its ambitious programs and unwillingness to cut spending.
As bleak as this picture is, there is some good news that must be acknowledged. As economic theory would lead us to expect, the savings rate in the U.S. has increased in response to the huge deficits. In the past year the savings rate has increased sharply, to nearly 7%. Private savings can offset the public dissaving up to a point. Japan, for example, has been one of the largest deficit spending countries in the world for decades and can do so because Japanese households save at a very high rate.
{ 0 comments }
President Obama is demanding executive pay cuts up to 50% for Wall Street executive who’s companies received funds from the stimulus plan. It sounds great in theory but with these slicksters they will find the loop holes to any new policies and regulations that Obama and staff try to implement.
According to bloomberg.com, Obama said limiting pay for top executives at firms that got the most government aid strikes a balance between the interests of taxpayers and restoring stability to the financial system.
The president said the independent rulings by Kenneth Feinberg, Obama’s special master on executive compensation, are “an important step forward in curbing the influence of executive compensation on Wall Street while still allowing these companies to succeed and prosper.”
“We don’t disparage wealth, we don’t begrudge anybody for doing well, we believe in success,” Obama said today at the White House. “But it does offend our values when executives of big financial firms, firms that are struggling, pay themselves huge bonuses even as they continue to rely on taxpayer assistance to stay afloat.”
Feinberg is ordering pay cuts of an average of 50 percent and caps on benefits for top executives at seven companies that still owe the government billions of dollars from taxpayer- funded bailouts. The firms under Feinberg’s purview include New York-based Citigroup Inc. and Charlotte, North Carolina-based Bank of America Corp.The cash portion of salaries for the 25 highest-paid employees will be slashed an average of 90 percent while some cash will be replaced by shares that employees will be restricted from selling immediately.
{ 0 comments }
I haven’t hit you with much Obama content as of late because I’m kind of feed up with the nonsense of Wall Street and our government, but here is his speech he gave yesterday.
{ 0 comments }
|
||||||||||||||||||||||||||||||||||||||||||||
|
