The Great Recession has apparently changed the way individual Americans view investing. Buying stocks is no longer seen as safe for long or short-term investment and trading is way down. Credit Suisse Trading Strategy reports that daily trading in American stocks continues to fall and is down almost 50% from the peak in 2008. The …
The investment banking firms on Wall Street are predicted to cut up to 10,000 jobs in 2012 on top of the 1800 jobs eliminated since April of this year. The industry lost about $3 billion in the third quarter of 2011 and total forecasted profits will be lower than expected. While New York City will …
The Hill’s Congressional BlogOctober 27, 2011 By Lew Prince, managing partner of Vintage Vinyl, an independent music store in St. Louis. I’m one of those “job creators” members of Congress profess to admire so much. Thirty-two years ago, my partner and I started a small business with $300 worth of old records and a booth …
Below are some excerpts from an opinion editorial by former South Carolina U.S. Senator Ernest F. Hollings (1966-2005) that ran in today’s Charleston Post and Courier. Never one to mince words, Mr. Hollings lays the blame for our economic condition on the “free traders”. In his opinion, resurrecting our country’s manufacturing is the key to our future. In …
When President Obama meets with Congressional leaders today, one of the issues on the agenda will be the Bush-era tax cuts scheduled to end for everybody December 31st. On the eve of this important meeting, a report exposes why the U.S. Chamber has been waging an all out campaign to make sure the tax cuts …
