MOMSTAR The Wall Street Journal Financial Guidebook for New Parents
Bringing home your bouncing baby boy or girl should be an exciting time of celebration not cause for worry about how youre going to pay for feeding, clothing, and caring for your new bundle of joy ... Posted on 9/17/10 at 5:49 AM
WASHINGTON — After failing to scuttle the landmark legislation in Congress, critics of the Dodd-Frank Act overhauling financial regulations are trying to chisel away at it in the courts — with some initial success.
If there’s no such thing as a free lunch — and there isn’t; even the United States Department of Agriculture’s “free” National School Lunch Program cost $10.8 billion in fiscal 2010 — then it stands to reason that the free market might not be entirely free either.
NEW YORK (AP) — Stocks are dropping sharply after the Supreme Court upheld the central provision of President Barack Obama's health care overhaul, a requirement that almost all Americans carry health insurance.
WASHINGTON (AP) — JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.
NEW YORK (AP) — The protesters who have been camping out in Manhattan’s Financial District for more than two weeks eat donated food and keep their laptops running with a portable gas-powered generator. They have a newspaper — the Occupied Wall Street Journal — and a makeshift hospital.
NEW YORK (AP) — Stocks opened sharply lower Thursday, extending a rout around the world. Indicators across the financial markets suggested investors were frightened that the global economy is in for a long slump.
MADRID (AP) — Pope Benedict XVI denounced the profit-at-all-cost mentality that he says is behind Europe's current economic crisis as he arrived in hard-hit Spain on Thursday, and said morals and ethics must play a greater role in formulating economic policy in the future.
"The economy doesn't function with market self-regulation," he said.
NEW YORK (AP) — Wall Street's wildest week since 2008 continued with another 300-plus point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy might not be headed into another recession.
Today, Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Johnson (D-SD) issued the following statement on the market reaction to Standard & Poor’s downgrade of U.S. Treasuries.
“In the minds of serious, reasonable, and informed individuals there is no doubt that the U.S. will meet its debt obligations and we are seeing even more proof of that today. As the financial markets stumble, investors continue to regard Treasury debt as a safe haven in times of economic uncertainty. This irresponsible move by S&P may, however, have spillover effects that tax the American people by increasing interest rates on home loans, credit cards, and car loans, and by increasing the cost of finance for some state and local governments. I am deeply disappointed in S&P’s decision to enter into the game of political punditry.”
AP with information added by The Republic
, August 10, 2011
WASHINGTON (AP) — The Federal Reserve guaranteed super-low interest rates for two more years Tuesday — an unprecedented step to arrest the alarming decline of the stock market and the economy. Wall Street roared its approval and finished a wild day with a 429-point gain.
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