"Printing money is really just a softer method of default, because it effectively converts the meaning of default from 'getting less than 100% of the currency you were owed' to 'getting all the currency you were owed, but ending up with l... view full article >>
On October 26, 2011, President Obama announced a plan that seeks to help college graduates pay back their federal student loans. The plan is an executive order and does not require approval by Congress. It is scheduled to take effect beginning in 2012.
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Once again, European politics drove the movement of equities markets. Once leadership changes in Greece and Italy seemed imminent, equities recovered some momentum. The S&P 500 managed to turn positive for the year, while the Dow continued ... view full article >>
If you receive Social Security or SSI benefits, here's some good news--the Social Security Administration has announced that for the first time since 2009, a cost-of-living adjustment (COLA) will be paid. Monthly benefits will increase 3.6% starting i... view full article >>