Archive for February, 2009
$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 [...]
