Detroit Said to Reduce Swaps Debt by 25% in Deal With Banks . The swaps were a “bet” on the direction of interest rates. With the decline of variable interest rates, Detroit found itself owing to the banks. With the decreased credit rating to B2, the same as AIG, Detroit found itself at the mercy
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This is an article published yesterday by an acquaintance of mine who lives in the Dominican Republic, Felix Santana Garcia. He writes a weekly article for an online newspaper there. (I translated the article from Spanish.) The People Lie Helpless By FELIX SANTANA GARCIA * The author is a financial manager and university professor. Living
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Quelle Surprise, The White House Administration has decided to give companies with >50 employees a one year extension in order to prepare and comply with the PPACA mandate. Given the amount of resistance the PPACA has received from the states in preparing for it and the House of Representatives, this delay should come as no
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Having helped quite a few younger people rearrange student loans from the private sector to Direct Loans or consolidate loans to achieve lower interest rates or payments; I just find this market-place-staging by some politicians offensive. July 1st the rates are expected to double (3+% to 6+%) for subsidized and unsubsidized Stafford loans and probably
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Over at Economists View, Anne and Muses are having a discussion over why some 30-something million will be uninsured under the PPACA  http://economistsview.typepad.com/economistsview/2013/05/paul-krugman-the-obamacare-shock.html    “Paul  Krugman: The Obamacare Shock”. The conversation goes back and forth citing references without giving any real explanation of what the 31 million is composed of and why they will not be covered.
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” “All nine of S&P Healthcare Economic Indices showed slower annual growth rates for February 2013 compared to January 2013. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans rose by 4.62% in February, down from +5.41% reported for January. Annual growth rates in Medicare claim costs increased
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A Rise in Wealth for the Wealthy; Declines for the Lower 93% | Pew Social & Demographic Trends. I’m mostly experimenting to see if the PRESS THIS still works.  Already, I am happy to be working with a real rich text editor (Political Jack RTE sucks) and this is happening inside a nice squared off
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I along with others have been posting a considerable amount of time on places such as the old Slate’s Moneybox, The Bottom Line, BOTF, etc. Since then people such as Eric (Gingham Dog) have started blogging on their own and I have moved on to places such as Angry Bear Blog (a little left of
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Will pizza and food prices really have to increase to cover healthcare costs for the mostly young employees of the Olive Garden’s, Denny’s, and Papa John’s restaurants? A 10 to 14 cents increase per pizza is being proposed by Papa Johns’ to pay for the PPACA. At the same time, Papa John’s is advertising a
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