Thursday, November 25, 2010
Wednesday, November 24, 2010
Thursday, November 18, 2010
Excluding food and energy costs, prices were flat for a third straight month and the increase from a year ago of 0.6 percent was the smallest since records started in 1957.
US housing starts plunged to a near-record low in October while building permits were flat amid a depressed real-estate market, official data showed Wednesday.
Construction on new homes dropped nearly 12 percent from September, to an annual rate of 519,000 units, the Commerce Department reported.
The pace of construction was the weakest since April 2009, when a record low of 477,000 was reported in the data series that began in 1959.
The list of ObamaCare exemptions grows:
A few weeks later, McDonald's finagled its own Obamacare waiver after warning federal regulators that it could be forced to drop its affordable health insurance plan for nearly 30,000 restaurant workers unless it got a pass.
In early October, the Obama administration announced it had granted waivers not only to McDonald’s, but also to several other firms and labor unions.
Now comes word that Torquemada HHS Secretay Kathleen Sebelius has approved a whopping 111 waivers for businesses of all sizes, along with more unions and other providers of health insurance.
This doesn't include the growing list of companies that are already planning to drop healthcare coverage all together, since they figured out it's cheaper to pay Uncle Sam the per-employee fine than to continue proving health insurance.
Friday, November 12, 2010
The new round of cash the Federal Reserve is pumping into the U.S. economy to spur job growth could create bubbles that do the very opposite, some Fed officials are warning.
Dallas Fed President Richard Fisher suggested this week that a bubble is already forming in private equity, with cheap debt fueling high-priced deals in an echo of the torrid days of leveraged buyouts before the subprime credit crisis cut off financing in 2007.
Fisher, who argued against the U.S. central bank's decision earlier this month to buy $600 billion in Treasuries to boost the recovery, told a San Antonio audience on Monday he is concerned about signs of "speculative activity" in buyouts, along with stocks, bonds and commodities.