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$827 Billion Stimulus Package Clears Senate
Here are Some Quick Facts About Updated Stimulus Package From Mahalo.com
Passed in the Senate on February 10, 2009 61-37
Senate version includes $110 billion more in tax cuts
Cleared Republican hurdle in the Senate on a 61-36 vote1
Ted Kennedy was present for voting3
The House of Representatives approved the bill on January 28, 20094 [...]
Berkeley Economist Predict Housing Prices Will Continue to Fall in 09
If prominent housing economist Ken Rosen of Berkeley is right in his prediction, the US housing values will lose another 6-7% in 2009. Housing prices nationwide fell 11.1% in 2008 (BusinessWeek).
According to BusinessWeek:
Rosen, a professor at the University of California at Berkeley, told the Associated Press that the decline in housing prices is only about [...]
Will the “American-Made” Rule Help Stimulate the Economy?
Now that the Obama stimulus plan has passed through the US House, the government is one step closer to spending what could be a trillion dollars to try to revive the economy. Now, U.S. Sen Byron Dorgan, D-N.D., is sponsoring an “American-made” rule that would require goods and equipment bought with the stimulus to be [...]
New Leadership Means New Opportunities for Growth
We are just days away from a major shift in the leadership policies from the executive branch of the United States and the new priorities will help some sectors of the economy while possibly hurting others.
According to Torod Neptune, senior VP-global public affairs at Waggener Edstrom,
The new Congress has made it pretty clear they [...]
Is Mary Schapiro the Right Choice to Head the SEC?
Barack Obama has nominated Mary Schapiro to the important position of head of the SEC, however Ms. Schapiro’s history may lead some to question if Obama is really serious about cracking down on Walstreet and increasing regulation of the financial sector.
According to the WSJ:
But a close examination of Ms. Schapiro’s record as a regulator shows [...]
Obama Plans for $300 Billion in Tax Cuts
The Wall Street Journal is reporting that Obama is planning to cut taxes $300 billion for individuals and businesses.
President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion of tax cuts to individuals and businesses…which would account for about 40% of a stimulus package that could reach $775 billion over [...]
Stuff Executives Should Know: Obama’s Plans
BusinessWeek had an informative article of what we know of Obama’s plans once he takes office and how it might impact the business environment. Some informative quotes from “Obama’s Action Plan“.
“Obama wants lenders to renegotiate loans for homeowners in default.”
“Obama has pledged to do more to head off foreclosures, and he may move to rid [...]
$775 Billion Dollar Stimulus May Not Be Enough Says Nobel Prize Winning Economist
The next economic stimulus package may be between $675 billion to $775 billion according to Obama’s senior White House advisor David Axelrod when he was on Face the Nation. However some economists think that this will not be enough to stimulate the economy toward recovery such as Nobel Prize winning economist Paul Krugman who won [...]
Top CEOs Predict Economic Recovery in Mid 2010
Business Week Editor and Chief John Byrne recently interviewed a panel of business leaders and were predominantly pessimistic about a recovery any time soon. With nothing but bad news for months, it is clear that the economy is really bad, but it is unclear how bad it will get before it turns around.
“This is by [...]
How Will Obama Stop Job Losses?
US economy lost 533,000 jobs in November, the most since 1974 and some economists are predicting anywhere from 3 million to 5 million total job losses by the time the recession ends.
Business Week’s story Job Losses: Is the Panic Justified? had this to say about the end of the recession. “This job bust won’t last [...]
