Nationwide anti-tax protests staged for April 15th tax day-rumors abound that leftist group ACORN intends to crash events, Obama administration readying to disclose results of bank stress tests, revisions to No Child Left Behind on the Obama agenda-prepare to see pervasive federal mandates in education, FDIC helps banks raise $300 billion through unregulated channels, Congress looks set to let D.C. school voucher program expire next year-Big Brother not prepared to let parents choose how to educate their own children, Spanish study casts skepticism on economic value of government creating green jobs…
Nationwide Protests Mark Tax Day, ACORN Plans Backlash. As anti-tax activists organize tea parties across the country on April 15th, rumors are swirling that leftist groups, including ACORN, intend to stage counter-protests in support of President Obama’s first budget.
Brace Yourselves: U.S. Planning to Reveal Results of Bank Stress Tests. The Obama administration is readying to disclose the conditions of the 19 biggest banks in the country. All banks are expected to pass the tests, but stratification relative to peers could send stocks crashing.
Obama Will Rewrite No Child Left Behind Law, Toughen Standards. President Obama have alternated praise and criticism for President Bush’s No Child Left Behind law, all the while keeping his own plans largely a mystery. However, the administration now appears to be preparing to address some of the laws most serious “defects,” mainly increasing educational standards. Local schools should expect increasingly pervasive federal mandates.
F.D.I.C. Guarantees Helped Banks Raise $300 billion On The Sly. With banker opposition mounting against federal government stipulations that have accompanied bailout funds, there has emerged a secretive assistance program that has so far helped banks raise $300 billion in capital. The Federal Deposit Insurance Corporation has been backing bank bond issues so that financial institutions can borrow cheaply. Banks have to pay a small premium for this backing, but the benefit to them is that they are able to raise vast sums without any federal oversight. The downside is for taxpayers who are ultimately on the line should any of these banks fail.
Learn about the real causes of the financial crisis and how to profit from the storm yet to come! Crash Proof, written by Peter Schiff, is one of the best books on the subject. Peter Schiff is a legend for accurately predicting the real estate collapse, subprime mortgage meltdown, and stock market fallout:
D.C. Families Upset Over Loss Of School Voucher Program. Education Secretary Arne Duncan has decided not to offer vouchers for new students because Congress only extended the program for one more year. The D.C. program, which gives about 1,700 low-income children scholarship worth up to $7,500, covers costs of attending private schools. Without Congressional renewal the program is set to expire within a year.
Spanish Study Skeptical About Green Jobs. A new report out of Spain suggests Americans should not depend on green jobs to help the economy get out of recession. This comes months after President Obama looks to Europe as a model for implementing a green economic agenda. The Spanish report indicates that attempts to implement such jobs in that country have been counterproductive. “For every green job that’s created with government funding, 2.2 regular jobs are lost and that only 1 in 10 green jobs will end up being permanent.
Boost Your Career, Earn Your CFA. Tough economic times mean we should focus on cutting spending, repairing our balance sheets, and enhancing our careers. Financial professionals should consider earning a CFA charter to boost your earning potential and make you more competitive in your labor market. Check out this CFA study program to help pass the Level I exam.
Related posts:
- Freedom Under Fire, Apr. 14th, 2009 Obama continues Bush policy of surveillance secrecy despite campaign promises,...
- Weighing Credit Contraction Against Money Creation There are two colossal events occurring in the world right...
- Freedom Under Fire, Mar. 29th, 2009 President Obama forces General Motors CEO to resign, tallying up...
- Do You Trust Big Brother With Your Portfolio? We are moving closer towards a political economy every day....
- Freedom Under Fire, Apr. 21st, 2009 Rep. Jane Harman exchanged favors for power-aided Israeli lobbyists accused...
Related posts brought to you by Yet Another Related Posts Plugin.
