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Monday, November 02, 2009
Posted by Terry Savage
3 Comments
Attitude makes all the difference—whether you’re a politician, an economist, or a trader. But you can’t take attitude to the bank to pay your credit card bill! And you can’t take headline GDP statistics to the mortgage company to rescue your home. The American public is starting to get more than mildly annoyed at those who tell them the economy is bouncing back.
Monday, October 26, 2009
Posted by Terry Savage
3 Comments
Is there any way out of America’s financial woes? If you stand back and take an honest look at the growing debt and the promises we’ve made, the situation seems hopeless. Not only have we promised baby boomers a return of their Social Security and Medicare premiums, the government is adding a new entitlement for health care coverage and even money to buy a new car!
Monday, October 19, 2009
Posted by Terry Savage
4 Comments
Just as America seems to be taking a turn to the left, capitalism is rearing its head in Cuba. Raul Castro, brother of Fidel, and now the president of Cuba, has signaled that it’s time to do away with the “libretta.”
Monday, October 12, 2009
Posted by Terry Savage
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Last week, CMS (the Centers for Medicare and Medicaid Services) reduced Medicare funding for nursing homes by an estimated $16 billion over the next ten years. Twenty-four states have already reduced Medicaid funding this year. And $313 billion of additional cuts have been proposed by the Obama administration to fund health care reform.
Monday, October 05, 2009
Posted by Terry Savage
4 Comments
There’s a kind of masochism in “celebrating” the one-year anniversary of Wall Street’s collapse. Yet that’s what the media has been doing for the last couple of weeks—recounting the scary stories of Fannie, and Freddie, and Lehman, and AIG, along with Congress’s rejection of the original $700-billion bank bailout, and the day the market lost a trillion dollars—September 29, 2008.
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