December 08, 2010
Andrew Presti
Blog Posts
0 CommentsThe deal will keep US debt higher for longer, and will be attacked on that basis. THE US bond market tanked yesterday after President Barack Obama backed down and extended George Bush’s tax cuts for the rich for another two years, and shares failed to hold on to a rally. But Obama’s deal is nevertheless […]
Read moreDecember 07, 2010Andrew PrestiBlog Posts0 CommentsPacific Investment Management Co.’s Mohamed El-Erian said that the U.S. tax agreement worked out by the Obama administration is good for growth as reflected in gains in stocks and commodities and declines in bonds. “It puts pressure on the fiscal situation so bonds are selling off,” El-Erian, chief executive and co-chief investment officer of the […]
Read moreDecember 06, 2010Andrew PrestiBlog Posts0 CommentsAs debate rages on extending tax cuts set to expire at the end of the year, politicians are making misleading statements about who might be hurt or helped. Before the midterm elections, President Barack Obama insisted that lower income-tax rates should be permanently extended only to those he called the “middle class.” People in the […]
Read moreDecember 03, 2010Andrew PrestiBlog Posts0 CommentsThe US unemployment rate climbed to 9.8 per cent in November, the Labor Department reported Friday, sharply denting hopes that the labor market was beginning to recover after months of stagnation. The jobless rate is the highest since April. The department said just 39,000 jobs were added during the month, compared to a revised 172,000 […]
Read moreDecember 02, 2010Andrew PrestiBlog Posts0 CommentsOK, the electric vehicle class of 2011 is almost upon us, and now is the time to vote on Most Likely to Succeed. Which green cars are going to float peoples’ boats? Which ones are they actually going to buy? Click here for full article!
Read moreNovember 30, 2010Andrew PrestiBlog Posts0 CommentsFollowing what he believes was censorship of his message, a lesser man might have given up and become silent, but not determined economist Allen Smith. Smith, a soft-spoken Winter Haven resident whose long-standing mission is to tell the American public about what he describes as the looting of Social Security by the federal government, is […]
Read moreNovember 29, 2010Andrew PrestiBlog Posts0 CommentsThe Iowa Foundation for Medical Care in West Des Moines is expected to lay off as many as 200 workers – a fourth of its staff – over the next 12 months. The nonprofit organization’s main source of income is the federal Centers for Medicare and Medicaid Services. The foundation recently lost a major contract […]
Read moreNovember 26, 2010Andrew PrestiBlog Posts0 CommentsLong considered a key ingredient of American homeownership, the income-tax deduction for mortgage interest now is on the menu of the commission looking for ways to trim the federal deficit. Among the $3.8 trillion in debt-cutting options being considered by the National Commission on Fiscal Responsibility and Reform is a scaled-down tax deduction eliminating second […]
Read moreNovember 25, 2010Andrew PrestiBlog Posts0 CommentsAmericans are earning and spending more, companies are shedding fewer workers and hopes are rising for the economy as the holiday shopping season starts. Still, with businesses spending less on manufactured goods and new-home sales near their lowest level in 47 years, consumers alone might not be able to invigorate the economy and drive down […]
Read moreNovember 24, 2010Andrew PrestiBlog Posts0 CommentsThe Queens/Brooklyn Chapter of the New York State Society of Certified Public Accountants (NYSSCPA) recommends these Year-end Tax Tips for consumers: 1. Get Organized: Put your tax data together now. Round up receipts and cancelled checks from charities; check your latest brokerage statement for year-to-date gains or losses; make a checklist of accounts to keep […]
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