As the presidential campaigns continue, the issue of our national debt has made its way to the foreground. Our national debt has increased from $5.6 trillion in 2001 to the staggering $9.1 trillion it is now. So what do the presidential hopefuls have in mind to help augment this situation? As much [...]
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The world’s fastest production car, the Bugatti-Veryon, at £970,000 a pop is selling like hot cakes at Lamborghini London’s sales yard located in the heart of Kensington. The car, which has a top speed of 252 miles per hour, is proving popular among the super wealthy in London. Lamborghini London’s general manager Dominic Lancaster [...]
New York Times Article: Rescue Tests the Fed’s Credibility
Currently, many financial institutions in the United States are failing. These are the banks and investment firms who have financed a great deal of mortgages that are now heading for default. Now, in an almost unprecedented move, the Fed is pooling vast resources to these [...]
The title of the article says it all: Hard To Imagine Worse Timing for a Carbon Tax. British Columbia’s new carbon tax was created to burden the corporate sector and use the revenue to help the private sector. The tax was also created with a hope to change consumption patterns towards being more [...]
As we all know, America’s Federal Reserve (to be referred to as just “The Fed”) cut its key interest rate to 3.5%. This was a cut of three-quarters of a percentage point. Now this may seem like a small number while in reality it has been the largest single cut in over twenty [...]
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