It’s been clear to anyone paying attention that the October “rollout” of Obamacare has been a turbulent, confusing disaster. Sloppy IT systems and technological failures combined to cripple Obamacare’s sign-up systems. Security flaws put Americans at risk for identity theft. In an almost comical understatement, President Obama summarized these massive failures as “a few glitches.” […]
How Does The Crisis Affect Me?
The crisis has affected each of us. We examine examples of how the financial crisis, and the associated economic, social and political instability may affect your life and wealth in ways you never considered
The number one problem in this country is excessive debt, debt at all levels – the consumer, business and government. Let’s face it – we have too much debt, both public and private, relative to the country’s gross domestic product (GDP). An increasing portion of this debt is unproductive or even counter-productive. In the simplest […]
Friday, General Motors reported its October domestic car deliveries, which at 226,402, was 31,000 better, or 15.7 percent higher, than the 195,674 from a year earlier, better than the 7.9 percent increase expected. GM claimed that sales picked up because confidence returned once the government reopened in the second half of October. “Chevrolet, Cadillac and […]
Borrowing and lending is all the rage again. The financial crisis was five years ago this fall, and nobody is letting us forget it. According to ex-FDIC Chair Sheila Bair, financial soundness isn’t much improved. She says, “I think our system is still somewhat fragile, a lot more needs to be done.” Indeed… Wall Street […]
A mixed panel deconstructs the hyperbole. Charles HallProfessor Charles Hall, Emeritus Professor at State University of New York, College of Environmental Science and Forestry, USA The world has recently been exposed to many optimistic estimates on the future of oil production and the media has eagerly picked up these projections. International Energy Agency estimates that […]