Obama Tax Break Could Cost Millions Next Tax Day
As in Millions of Taxpayers Who Will Have to Give Money Back
Were you one of those people who were elated to hear about the “Making Work Pay” tax break that President Obama gifted to the American people? Truly, it did benefit many people. Workers were paid back to the tune [...]
‘Going Rogue’ | Sarah Palin on Newsweek Cover
Palin publicity parade
Though Sarah Palin’s book, “Going Rogue: An American Life,” officially comes out tomorrow, copies of the book already are making the rounds. Many people have pre-ordered the book from Amazon, and ABC News reports John McCain has already received a signed copy.
An interview with Sarah Palin will air [...]
Major Benefits of the New Laws for Credit Cards
New laws
The Obama administration is working hard to reform laws for companies who issue credit cards. On May 22, the president signed off on the Credit Card Accountability, Responsibility and Disclosure, or Credit CARD, act of 2009.
The bill is set to improve the way companies deal with consumers and act [...]
Shots Fired on Ohio’s Payday Loan Battleground
Irresistible Force, Meet Immovable Object
The battle for payday loans in Ohio has been a difficult one for consumers. The recession hit the Ohio workforce harder than most, and the need for emergency short term loans is greater than ever before. Yet the state legislature in their infinite wisdom decided that [...]
Dodd’s Reform Bill Threatens Power of Federal Reserve
Debt Relief Would Be a Whole New Ballgame
The people of American are looking for debt relief any way they can find it these days, and it appears that the only way true gains in this area are going to be made is if major restructuring of America’s financial regulatory agencies [...]
Unemployment Extension Made Official November 5, 2009
Unemployment benefits extended 13 weeks
The unemployment extension, passed November 5, 2009, was included in a bill with the homebuyer tax credit, and now millions of Americans can continue to collect benefits. The homebuyer tax credit was extended to 2010 in April. The unemployment extension means workers whose unemployment insurance was [...]
$6,500 Homebuyer Tax Credit Officially Extended to 2010
Homebuyer tax credit 2010 now a reality
Congress today passed a bill that extends the homebuyer tax credit, which was set to expire at the end of this month. Homebuyers who initiate their purchase between now and April 2010 will be able to take advantage of a $6,500 deduction in their [...]
Breckenridge, Colorado, Legalizes Pot | Can They Do That?
Penalties for possession removed
The federal government still states that possession of marijuana is illegal, as does the state of Colorado. However, in the city of Breckenridge, Colorado, people who possess less than an ounce of pot will not face any criminal or civil charges.
Yes, on election day 2009, Breckenridge, Colorado, [...]
Installment Loans: A Strong Option When Credit Access is Limited
Do Race and Ethnicity Restrict Access to Traditional Credit?
You’ve more than likely heard the call to arms “Stimulate the economy!” before. It takes expenditure in order to keep the wheels of commerce flowing. While the current recession has made that difficult – people are still highly unwilling to spend on [...]
Should Government Limit Bank Overdraft Fees?
Over-the-top overdraft fees
The Associated Press reports that some senior congressional Democrats want to draw up legislation that would limit how much banks can charge customers in overdraft fees. Personally, I have been slapped with $105 in overdraft charges before for transactions that equaled a lot less than that, so I [...]
Unemployment Extension Vote Will Decide Fate of Millions
Unemployment extension vote to come
The unemployment extension vote that took place Tuesday cleared the way for the unemployment extension bill to make its way through Congress. The House has passed the bill, which would allow unemployed workers to collect benefits for an additional 13 weeks beyond what is already allotted.
Originally, [...]
First Time Home Buyer Tax Credit Not Just for First-Timers
Committee proposes extending tax credit
A Senate committee on Wednesday reached an agreement regarding the first time home buyer tax credit. If they have their way, the first time home buyer tax credit wouldn’t be just for first-time home buyers anymore.
If lawmakers approve, the tax credit will be extended to people [...]
Sarah Palin to Hawk ‘Going Rogue’ on Oprah
Oprah and Palin to meet next month
It is confirmed, by the Chicago Sun-Times and the New York Times, Sarah Palin will appear on “The Oprah Winfrey Show” next month, the very day before her book “Going Rogue” hits the shelves.
Needless to say, people have some pretty strong opinions about this [...]
Grandparents Ordered to Evict 6 Year Old | HOA Down!
Let Bylaws Be Bylaws
I’m a parent, so I’m going to proudly display just a bit of bias here. If the homeowners’ association at the Largo, Florida retirement community where Jimmy and Judie Stottler live think it’s a good idea to force them to evict their six-year-old granddaughter Kimberly Broffman, I [...]
Bernard Kerik Back in Jail for Putting Confidential Info Online
Former commissioner on trial for conspiracy
Bernard Kerik knows that committing tax fraud is a no-no. He made that clear in 2004, when he withdrew his name from consideration for Secretary of Homeland Security. At that time, Bernard Kerik admitted that he had committed tax fraud.
Bernard Kerik had employed an illegal [...]
Sheila Jackson Lee Squares Off Against Rush Limbaugh
House Rep. says keep Limbaugh out of NFL
When I wrote earlier about the possibility of Rush Limbaugh buying the St. Louis Rams, I kind of thought that whole process had been snuffed out already. Apparently I was mistaken, as yesterday Rep. Sheila Jackson Lee (D-Texas) in a floor speech said [...]
Record-High Deficit Makes Americans Use Short Term Loans
Deficit high
Short term loans are a popular option with Americans as the deficit reaches record highs. Budget deficit totals were released, and the federal deficit has surpassed $1.8 trillion, according to the White House. That’s more than four times last year’s high. It’s reached this level because the stimulus package [...]
GOP Sens Vote 30-9 Against Rape Amendment
Yet Sen. Al Franken’s Amendment Passes, 69-30
Following one of the more vile incidents against a woman in American history, the Senate has voted in favor of Sen. Al Franken’s amendment to the 2010 Defense Appropriations bill that gives the government the right to withhold defense contracts (no small cash loans, [...]
Obama Wins Nobel Prize, Stirs Controversy
He’s Only the Fourth President to Win the Award
Theodore Roosevelt (1906), Woodrow Wilson (1919) and Jimmy Carter (2002) preceded him in winning. Now President Obama has won the Nobel Peace Prize. This time, however, some people are skeptical. The Norwegian Nobel Committee says he won due to his “extraordinary efforts [...]
Congress Calls for Financial Overhaul to Help Debt Relief
Regulating the Banking System
Due to the recession, people are looking for debt relief more than ever. Credit lenders are no longer as readily available as they once were. Mortgages are difficult to handle. The unemployment rate continues to rise. Because of these problems, the Obama administration is calling for a [...]
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