HEADS UP
by Don Azarias
December 16, 2012
Politicians, economists, analysts and investors have been talking about ‘fiscal cliff” even before and even more after the Nov. 6 presidential election. They have been dealing with it in almost the same breath as the Y2K scare (remember this?) before year 2000 which, it turned out, was just a concoction of unscrupulous IT “experts” for financial gain. Continue reading →
by Don Azarias
December 1, 2012
According to the Reuters News, two of the nation’s premier economists are concerned and pessimistic that the White House and Capitol Hill will be able to strike a deal to rein in America’s soaring national debt and make a compromise to extend the Bush tax cuts. Consequently, both are predicting that the United States is heading for another recession in 2013. Continue reading →
by Don Azarias
November 16, 2012
According to the Congressional Research Service (CRS), welfare spending has grown substantially over the past four years, reaching $746 billion in 2011. That’s more than Social Security, basic defense spending or any other single chunk of the federal government. Continue reading →
by Don Azarias
November 1, 2012
As the title suggests, there’ll be a cost of living adjustment (COLA) increase for Social Security recipients in 2013. Yes, you read it right we, senior retirees, will be getting an increase in the amount of check we receive each month from Social Security. Continue reading →
by Don Azarias
Ocotber 16, 2012
On September 12, 2012, the business section of the Chicago Tribune carried this byline: “In August the unemployment rate fell slightly…because so many quit looking for work…The number of people working or looking for work has dropped to a 30-year low…while the skills of millions degrade.” Continue reading →
by Don Azarias
Ocotber 1, 2012
Why are the Democrats raising a big stink about Republican presidential candidate Mitt Romney’s newly-released tax returns? Though he earned a lot of money, mostly through investments, he paid millions of dollars in taxes and gave millions more to charity. Yet why are they still hell-bent on making a campaign issue about the rate of Romney’s income tax payment when, in reality, Romney didn’t do anything illegal. Continue reading →
by Don Azarias
September 16, 2012
With only a few weeks left before the Nov. 6 presidential election, the political donnybrook between the two major political parties in the United States is in full swing. Another big battle is brewing in Washington, D.C. between Democrats led by President Barack Obama and Republicans under the leadership of House Speaker John Boehner. Continue reading →
by Don Azarias
September 1, 2012
With the European Union’s debt problem turning into a full-blown financial crisis and signs that China’s factory productions are slowing down in recent months only add to the uncertainties that can stunt the budding growth of the U.S. and global economies. Mainstream economists and analysts are getting anxious about the possibility of a stalled economic growth. And if Europe debt crisis continues to worsen, it will be a drag on the U.S. economy. Continue reading →
by Don Azarias
August 16, 2012
For those who are part of the baby boomers, “normal” retirement age traditionally starts at age 65. In 1983, it was raised to 66 and, finally, to 67. However, in the early 1960s, Congress allowed people to begin drawing lower Social Security benefits as early as age 62. Continue reading →
by Don Azarias
August 1, 2012
In his speech on the economy and the Euro crisis, President Barack Obama blamed Republicans for opposing stimulus that he said would have created a million new jobs. He also blamed “headwinds” from the European financial crisis for slower job recovery in America. Continue reading →
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