Corporate deals helped lift stocks in afternoon trading Monday, steering the market on course for its second consecutive gain. Investors cheered Citigroup’s latest earnings as well as acquisitions such as generic drug developer Mylan’s $5.3 billion bid for Abbott Laboratories.
Rejecting arguments the state cannot afford it, a judge has ordered Gov. Jan Brewer and the Republican-controlled Legislature to come up with an extra $316 million immediately — and potentially $2.9 billion over five years — to make up for aid to schools they illegally withheld.
Kyrene School District’s governing board gave the OK to fix some critical roadways at several schools when it approved the 2014-15 Proposed Budget and Identification of Insurance and Condemnation Proceeds by a 3-1 vote during Tuesday evening’s governing board meeting.
We know all about past financial histories of failed governments. Every government with a fiat currency, like America’s, has failed. The maximum lifespan of fiat currencies has been 43 years. In America, we became a fiat currency in 1971, when Nixon took us off the gold standard. We are now in our 43rd year.
Are you thinking of investing in municipal bonds? If so, you may have good reason, particularly if you are in one of the higher tax brackets. After all, municipal bond interest payments typically are exempt from federal income taxes, and possibly state and local income taxes, too — although some “munis” are subject to the alternative minimum tax. However, since not all municipal bonds are the same, you’ll want to know the differences — especially in terms of risk.
Youth entrepreneurship isn’t just about curbside lemonade stands. Generation Y has been making its own income in innovative ways. For many of them, that means entrepreneurship. According to Kauffman Foundation, young entrepreneurship in the U.S. is on the rise, with the 20-34 age group comprising 29 percent of the total new entrepreneurship activity in 2011.
The Federal Reserve has been using interventionist actions since the early ‘60s. This action is what many refer to as Keynesian economics. In consort with the administration, the FED thinks that intervening into the market helps accelerate growth. It usually stimulates the market in the short term, but long term loads the government with debt that has to be paid back. Michael Pinto in his article “Rising Rate Realities” expressed it this way, “Because of the unprecedented and unsustainable amount of outstanding debt, central banks now face only two choices: (1) Stop printing money and allow a devastating deflationary cycle to pop the asset bubbles that exist in equities and real estate, or (2) continue expanding the money supply until hyperinflation eradicates the middle class and the economy.”
It was 50 years ago Barry Goldwater declared “extremism in the defense of liberty is no vice.” The political world gasped and he suffered a crushing defeat in the 1964 presidential election. Today, pundits and the “legacy media” commonly emphasize the importance of keeping those extremists marginalized.
It was 50 years ago that Barry Goldwater declared “extremism in the defense of liberty is no vice.” The political world gasped and he suffered a crushing defeat in the 1964 presidential election. Today, pundits and the “legacy media” commonly emphasize the importance of keeping those extremists marginalized.
Over the past few years Ahwatukee Foothills resident Danielle Thomas was struggling with money, with her faith in humanity and with her faith in God. It took the kindness of strangers to restore it all.
The pension system for the city of Phoenix is on the verge of ruin. Years of abuse, mismanagement and political malfeasance have pushed the city’s ailing pension fund toward a crisis, threatening to cost future taxpayers hundreds of millions of dollars. This silently mushrooming debt has put Phoenix in fiscal dire straits similar to those of Detroit and Chicago.
I think I am not alone in growing so tired of Don Kennedy’s “rants” in the AFN. Surely there has to be a more productive and community-embraceable dialog than his extreme “right-wing” discourse and that of the opposing Nancy Pelosi-ish left. The best thing for our country is for those of us in the moderate middle to take back the discussion and elect public servants who will serve the interest of the vast (and too-often silent) majority of our citizens.
The current struggle of wills regarding universal health care (Obamacare) and the debt ceiling has polarized our nation into those who believe in fiscal responsibility versus those who believe in unlimited spending. Conservatives vs. Socialists. Democrat and Republican appellations haven’t been used because there are conservatives and socialists in each party.
Sen. Patty Murray is an unashamed spender and taxer. She’s never seen a government outlay she didn’t like and she was in high spirits over the “bipartisan” budget deal she crafted with Republican Rep. Paul Ryan. The deal helps “bring some respect to the word compromise,” she crowed.
Many people think that our economy is coasting along with solid growth, but what is happening is that we have an artificial economy, which is dependent upon financial stimulus from the government. The present administration has been spending about 40 percent more money than the government collects. This is not a sustainable course. We cannot keep this up, just as you cannot keep going into debt forever.
So here we are, December, again. As I get older it certainly seems to get here faster every year. I feel like I was just chatting with folks about what may happen in real estate in 2013. It turned out we had some interesting things happen here in our market. The year started off strong with lots of appreciation and a great demand from buyers. The buying frenzy continued through June until it sort of fell off a cliff in the summer. When we usually see the October pick up, the government shut down for three weeks and that changed the typical cycle for that time of year. We had a nice increase in buyer interest towards the end of the year and from what we can see now the spring season will be typical for our area.
Attorney General candidates Republican Mark Brnovich and Democrat Felecia Rotellini debate at the East Valley Tribune office in Tempe on Thursday, Sept. 26, 2014.Question 2: What are your thoughts on the restriction on RU486 and should the state continue to pursue the case to the Supreme Court?