A recent report has found that Americans need a significantly higher income to feel financially secure in this economy. According to WSL Strategic Retail, almost 30 percent of Americans with incomes between $100,000 and $150,000 say they struggle to cover their basic expenses, afford a few extras and still have enough for savings.
US President Barack Obama and Israeli Prime Minister Benjamin Netayanhu fundamentally disagreement over possible military action against Iran’s nuclear program, claimed a report by Reuters on Sunday, with the two leaders set to meet in the White House on Monday to discuss their mutual ties.
As the fight against Wall Street fraud heats up, the FBI recently recruited Michael Douglas to star in its public service announcement, urging the public to report insider trading leaks to the authorities. However, this could mean that whistleblowers miss out on a potential reward simply by going to the FBI.
Michael Douglas who played the white-collar villain in Wall Street, famously said in the character of Gordon Gekko that “greed, for lack of a better word, is good”.
Greed is NOT good after all, so says Hollywood actor Michael Douglas, who famously portrayed a scrupulous corporate executive in the 1987 film Wall Street, in a new advertisement unveiled by the US Federal Bureau of Investigations (FBI) on Monday.
The advertisement is part of a public service announcement against insider trading and corporate fraud on Wall Street, and sees Douglas speaking against the very mantra of his character, Gordon Gekko, in the movie: “greed, for lack of a better word, is good.”
More Americans are in favour of their government cutting down on its spending to balance the national budget rather than trying to do so by increasing the tax rate for the wealthy, revealed an Associated Press-GfK poll on Friday, as Republican and Democratic politicians continue to debate over the merits of either move.
In a deal to extend the payroll tax cut and unemployment benefits, Congress has passed a law that would soon allow states to conduct drug-tests before handing out payments.
While the Republicans initially wanted to extend the drug-tests to all unemployment benefit applicants, the new law would only allow the tests to be conducted on people who were fired from their last job for drugs, or anyone seeking jobs that would already require a drug test.
A Californian audit has uncovered gross levels abuse in foreclosures, with almost 84 percent of all foreclosures illegal and two-thirds of all foreclosures with at least four violations or irregularities.
The study, commissioned by Phil Ting, a San Francisco accessor-recorder, studied 400 foreclosure sales in the city from January 2009 to November 2011 and uncovered rampant abuse similar to lender fraud and faulty documentation found in other parts of the United States.
One of the biggest conglomerates in the United States, General Electric, has announced plans to hire 5,000 veterans over the next five years. As part of the plan, the company will also partner with the United States Chamber of Commerce to sponsor over 400 job fairs in 2012 for veterans as part of the ‘Hiring our Heroes’ initiative.
General Electric CEO Jeffery Immelt, who is also the head of President Barack Obama’s 27-member jobs council, made the announcements as part of a four-day conference on topics such as manufacturing and job creation in America.
United States President Barack Obama is set to unveil his 2013 budget plans today, with predictions of a $1.3 trillion deficit in 2012 and a $901 billion deficit in 2013. In addition, the President is expected to press forward with his call for higher taxes, especially for the high-income brackets.
However, in the eyes of Republicans, Obama’s budget will be dead on arrival in Congress. Republicans argue that his budget is designed to aid his re-election campaign this November, rather than tackle the United States’ twin debt and deficit problem.
What can Americans not live without? A car? A smartphone? Credit cards? Lake Research Partners found out via a survey, and the answer may be a little surprise for some.
A recent poll conducted on behalf of the National Association of Home Builders has found that a huge majority of Americans believe in investing in homeownership, with over 78 percent of all respondents agreeing, and 43 percent strongly agreeing.
