Tag Archives: Money

Obama puts forth ambitious agenda in speech

In his first speech to a joint session of Congress, President Obama outlined an ambitious agenda to revive the economy, saying it’s time to act boldly "to build a new foundation for lasting prosperity." Obama focused on the three priorities of the budget he will present to Congress later this week: energy, health care and education. The president said he sees his budget as a “vision for America — as a blueprint for our future,” but not something that will solve every problem or address every issue. Obama said his administration already has identified $2 trillion in government spending cuts that can be made over the next decade

With a New Budget, Now Californians Brace for the Pain

Thanks to the California state budget that was approved early Thursday morning, my husband and I — relatively new citizens of the Golden State — will help bridge the extraordinary $42 billion deficit next year by paying approximately $1,000 in additional taxes, fees and loss of dependent tax credits. And this figure will remain at that level only if we make no purchases for 12 months in an effort to avoid the new 1-cent-on-the-dollar increase in sales tax. It is, of course, a better option than getting laid off, not receiving our 2008 tax refund or being unable to drive through an abandoned highway repair project — the brutal realities of a state in freefall with no balanced budget

Cell Phones and Connections Faster than Lightning

People in the wireless industry have been talking about what will replace 3G networks in the next two or three years. AT&T , Verizon , Sprint , and their peers overseas need something to spark consumer demand now that many people already own handsets and higher-end smartphones

Venezuela seizes Stanford-owned bank

Venezuela’s government seized a local bank owned by Allen Stanford Thursday as politicans and banking regulators in the region attempted to quell panic after the flamboyant Texan financier was charged over an alleged multibillion dollar fraud scheme. Customers in Latin America and the Caribbean have been queuing up or logging onto online banking services to withdraw money from institutions owned by the Stanford Group