Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.”to respond to China’s newly released blast on U.S. foreign policy.
200 Democrats and 19 Republicans support passing a continuing resolution with no strings attached to re-open government, according to a CNN poll of Congress. With three vacancies among 435 Congressmen, 217 votes is the minimum required to pass the measure. Senate claims it’s close to a deal, but the question is how House Republicans will react – as the shutdown continues into its fifteenth day.
Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.”to make projections about what a stalemate on the debt ceiling will do to the market.
Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” to discuss how the big banks are putting Twitter stock on sale, and whether investors should buy once it hits the market.
After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government’s healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
“These are not glitches,” an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. “The extent of the problems is pretty enormous. At the end of our calls, people say, ‘It’s awful, just awful.’”
Considering taxpayers shelled out more than $500 million to build the Obamacare online exchanges, we’d like to know how they’re actually operating, for good or for bad.
We know it’s not all good…
For example, the federal government is operating an exchange for 36 states, and it’s seen some of the worst complications. Part of the problem is volume: Within three days, a whopping 8.6 million people visited healthcare.gov.
The biggest, and most ignored, trend in the U.S. economy is the ongoing divide between the wealthiest members of society and the average American worker.
Real wages are falling, while unemployment is stagnant. Politicians blame greed, but that’s because class warfare is a valuable tool to gain power.
I argue instead that disruptive technologies have accelerated this divide.
Michelle Obama is the spokeswoman of a national health campaign called “Let’s Move.”
The program is designed to encourage children to engage in healthy activities, to eat better foods, to drink plenty of water, and to encourage everyone to get outside and exercise.
It’s a noble message (run by federal dollars) in a world of video games and excessive saturated fat.
But, like all government programs, intentions end up trumping fiscal sanity.
Two of the largest U.S. financial institutions kicked off third-quarter results for big bank earnings today, giving us a peek at how they fared amid tough times for both firms.
Wells Fargo & Co (NYSE: WFC) is in the midst of slashing headcount in its mortgage unit by some 1,800, and JPMorgan Chase & Co (NYSE: JPM) is tangled up in settlement talks with the U.S. Justice Department.
With Congress moving like molasses and time running out, more and more Americans are wondering what happens when we hit the debt ceiling.
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The short answer is that it would be bad – as in catastrophically, you’ve-never-seen-anything-like-this-in-your-life bad.