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Economy

How to Prepare for the Demise of the Dollar

by Luke Landes

Since the middle of the twentieth century, the U.S. dollar has been the currency that has dominated the world. Governments have held dollars in reserve, and borrowed dollars when necessary, because this currency can buy just about anything, anywhere. In particular, dollars can easily buy oil, a commodity currently necessary for the progress of developed […]

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10 Percent of U.S. Post Offices Under Evaluation, 700 to Be Closed

by Luke Landes

The U.S. Postal Service has not been a thriving business for a while, and the recession has worsened its condition. In order to save $7 billion, the government is evaluating about 3,200 offices out of the total of 32,741, and 700 of these are currently marked for closure. Personally, I am a fan of the […]

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New Consumer Financial Regulation

by Luke Landes

The White House is proposing a realignment of the financial regulation that failed to prevent the latest recession, but will the proposals help protect consumers? There is a long way to go between the President’s proposal and the enactment of a law, but here are the highlights as the plan stands today. The Financial Services […]

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10 Banks Allowed to Repay TARP Bailout Money

by Luke Landes

Ten banks have now been approved by the government to being repaying taxpayers for a portion of the more than $700 billion the industry has received from the Troubled Asset Relief Program (TARP) in total. The stated purpose of the TARP was to provide banks with the capital to boost their balance sheets and ease […]

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Credit Cards and Guns in National Parks

by Luke Landes

While the Senate is working hard to put together their version of the Credit Cardholders’ Bill of Rights some Senators are taking the opportunity of a sure-to-pass bill to tag on unrelated amendments. One example is Senator Tom Coburn’s amendment, S.AMDT.1068, whose stated purpose is “to protect innocent Americans from violent crime in national parks […]

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How to Prepare for Inflation and Higher Prices

by Luke Landes

Yesterday, the Federal Reserve purchased $7.5 billion of debt in the form of Treasuries from the government, and plans to continue buying debt for a long time to finance the government’s spending. As the government continues selling this debt, the money supply increases. In total, the Treasury may add $3 to $4 trillion dollars to […]

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8 (or More) Ways to Benefit From the ARRA

by Smithee

Our financial crisis is being combated on many sides, with a seemingly endless series of opportunities for people facing serious hardships. I thought it would be helpful to summarize all the options created as a result of the American Recovery and Reinvestment Act of 2009 and give you just the facts that you need in […]

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Oversight and Regulation: Too Much or Too Little?

by Luke Landes

Many economists are citing the lack of regulation of the financial markets as one of the primary causes of the recent economic collapse. Alan Greenspan, once a believer in deregulation, blames the crisis on the financial industry’s inability to monitor itself. A pattern of financial deregulation over the past two and a half decades paved […]

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You Be the CEO: Should Bailed-Out Banks Cut Limousine Usage?

by Luke Landes

As the government continues to bail out the banking industry and taxpayers continue to increase their stake in these companies, how far should the banks go to cut back spending on the excesses that have grown over the past several decades? The local New York City NBC news program aired a feature on the use […]

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Read the Complete Stimulus Bill (American Recovery and Reinvestment Act of 2009) – Updated

by Luke Landes

A little earlier today, the House of Representatives passed the compromised form of the stimulus bill (American Recovery and Reinvestment Act of 2009), and the Senate is expected to pass the stimulus tonight. It won’t be long before the bill is signed into law by President Obama and the appropriated funds are doled out to […]

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