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Post Pre-Budget Report Comment - It's All Over

Having slept on it, watched, and listened to the coverage of the Pre-Budget Report I think a conclusion I drew yesterday when the National Insurance ... on VAT exempt purchases for a family of four. What's more, the tax credit changes for those people, if they even choose to take them out represent little more than pennies in a month. This mini [more...]

Date: 2008-11-25 08:45:48

Blog posts (59) | Videos (1)

The Strong Dollar

Pete Davis reports from yesterday’s Senate Budget Committee hearing: Budget Committee Chair Kent Conrad (D-ND) ... their colleagues in their concern for the long-run credit worthiness of the United States. He also expressed ... in reviving credit markets and in overcoming recession, but in getting control of the massive debts we’re [more...]

Date: 2009-01-16 14:46:26

Sarkozy, Merkel, Blair call for new capitalism

Yahoo! News, “Sarkozy, Merkel, Blair call for new capitalism” ... . “We would be making an error if we were content to look solely at financial markets,” she said ... A Congressional Budget Office report estimates that the U.S. federal budget deficit will hit an unparalleled [more...]

Date: 2009-01-08 07:07:34

Laying Out Student Loan Options for CBO

Around this time of year our friends at the Congressional Budget Office (CBO) begin work on an important but overlooked document: the Budget Options report. As most readers ... Options report, however, is the one exception to this process. Usually published in February of odd [more...]

Date: 2008-10-30 15:41:49

Live Pre-Budget Report blog

The live blog of the pre-budget report will appear here shortly. Bullet points as usual I expect. Am currently sitting in the Sky News NOC surrounded by monitors and its very warm. It hasn't started [more...]

Date: 2008-11-24 16:29:38

Government help for the bank lending: just “get on with it”

Last weekend the Prime Minister announced yet another “anti-recession” plan which included the “creation of up to 100,000 new jobs” ... half of this year, as we were promised by the Chancellor as recently as in the Pre Budget Report ... that households are reining in after the years of credit-fuelled excess. Two key indicators are housing equity [more...]

Date: 2009-01-08 21:14:21

Pocket Quicken by Landware

Quicken may very well be the most popular line of financial software on the market today ... the choice to install Pocket Quicken as a stand alone application or have it synchronize with a desktop copy ... warnings, budget and report creation, account reconciliation, payment/deposit scheduling, search [more...]

Date: 2008-10-16 12:34:36

25 Handy iPhone Apps for Businesspeople

More than 550 iPhone apps currently populate the iPhone store, and the number is constantly growing ... to report mileage. 2. Budget Tracker This tool allows you to set a budget, then enter ... and time; for example, a birthday. Specify a daily, weekly, monthly, or annual countdown message [more...]

Date: 2008-09-03 19:34:37


I need to admit from the get-go that my understanding of economics is best exemplified by the look on my accountant's face sometime between his ... sheet, bring a film in under budget and discern that a financial report from a Canadian producer ... as smart as the guys on Wall street who thought up all kinds of fancy debt instruments and easy credit [more...]

Date: 2008-11-13 06:22:41

David Cameron's speech to the CBI

David Cameron has set out the Conservative approach to dealing with the recession in a speech to this morning's CBI conference ... of a fiscal stimulus in the Pre Budget Report – had decided not to. We have consistently argued ... rates, monetary action must mean radical new measures to actually get credit flowing through [more...]

Date: 2008-11-24 11:58:39

The Lib-Lab-Con Consensus of Economic Folly

The dramatic move by the Bank of England to slash interest rates by a massive 1 ... that the collapse of demand in the British economy caused by the ‘credit crunch’ may precipitate a full ... ) stimulus. With Chancellor Alistair Darling’s Pre-Budget Report due shortly, an extraordinary degree [more...]

Date: 2008-11-11 15:38:07

Nuclear Reactions and other state news briefs

Some short articles I've run across today... South Carolinians will get to air their nuclear reactions to SCE&G's plans for Fairfield County: ... are needed to meet growing demand for electricity in South Carolina. Several organizations, including ... Department was scheduled to report on the impact of budget cuts today:The department briefs a Ways [more...]

Date: 2009-01-07 16:01:33

Mandelson extends ‘real help for businesses’

Business Secretary Lord Mandelson today unveiled a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses. The support package, which builds upon the commitments outlined in November’s Pre Budget Report, consists of loan guarantees and a new [more...]

Date: 2009-01-14 10:59:05

Gordon's G20 Plan

Gordon is going to Washington with a few key spin objectives: ... his own. There is obviously an international angle to the credit crunch, but there are also domestic ... covering fire to return to Westminster to cut taxes and bugger the deficit. The Pre-Budget Report [more...]

Date: 2008-11-14 08:39:16

Deflation Hits The UK; Free Money In Japan

The Times Online is reporting Ministers admit that tax rises will follow Gordon Brown's tax cuts ... later on” and Mr Brown himself accepted that the Pre-Budget Report (PBR) stimulus would be “ ... , global wage arbitrage is king, and most importantly Peak Credit Has Arrived.Barclays Attempts To Placate [more...]

Date: 2008-11-18 10:19:00

“In capitalism of the 21st century, there is room for the state.”

http://news.yahoo.com/… The head of Europe’s biggest economy said Thursday that world leaders should be looking at the massive U.S ... be making an error if we were content to look solely at financial markets,” she said. She deplored huge ... report estimates that the U.S. federal budget deficit will hit an unparalleled $1.2 trillion [more...]

Date: 2009-01-08 17:45:24

Government help for small business: The key points

Working Capital Scheme - Open to “ordinary-risk” businesses with a turnover of up to &beat500m - Government will guarantee up to 50pc of new and existing working capital credit lines ... Fund - A £50m fund to convert businesses’ debt into justice, announced in the pre-budget report [more...]

Date: 2009-01-16 08:09:09

Pre-budget report at a glance

Fiscal stimulus • Overall fiscal stimulus package worth £20bn by April 2010Tax revenue • Tax revenue from financial sector down 35% this yearSpending ... % on those earning more than £150,000 – the top 1% of earners – from 2011Bank lending • Seven UK banks ... for lending to small businesses through a temporary small-business financing scheme • Another £1bn [more...]

Date: 2008-11-24 16:00:51

News: Government's real help for business

Business Secretary Lord Mandelson today unveiled a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses. The support package, which builds upon the commitments outlined in November's Pre Budget Report, consists of loan guarantees and a new [more...]

Date: 2009-01-14 11:20:00

Tax cuts aren't working to improve Ohio's economy, group says

The sweeping tax cuts that Ohio enacted in 2005 haven't worked to boost the state economy as promised and should be revisited in the face of the current budget crisis, a new report concludes. Policy Matters Ohio, a Cleveland-based research ... more jobs in June 2008, three years after tax reform, the report said. Only Michigan fared worse [more...]

Date: 2009-01-15 19:39:01

Accountability for TARP funds is written into the legislation and evidenced in GAO report / budget - US economic crisis

http://www.gao.gov/financial/fy2008/08frusg.pdf pg. 10 - 11The following key points summarize economic performance in FY 2008 ... , as partly evidenced by this report and others.***Pg 12 - 14The Path to Recovery, Part I – HERAIn July 2008 ... that continued losses at Fannie and Freddie and throughout the U.S. housing/credit market could lead [more...]

Date: 2009-01-13 07:35:14

New Year, New Budget, New Goals

At the prompting of EverythingCU member Mike Anderson, I decided to do a little slicing and dicing of the EverythingCU Marketing Budget Report to find ... has been very flat. Credit unions are spending decent amounts of money on marketing. Thus, we’re spending a LOT [more...]

Date: 2009-01-06 02:45:23

Saturday news briefing 12.6.08

UC Merced medical school faces long odds – Victims of the credit crunch and fiscal crisis, ... of Medicine, too, will face its own form of foreclosure as the state budget crisis worsens fast ... -- A report due in January from three nationally known medical consultants will help determine [more...]

Date: 2008-12-06 17:20:39

Where's the Outrage for Unemployed, Underemployed and Paycheck-to-Paycheck Living?

60% Living Paycheck to Paycheck by Karen Datko - MSN.com Counting down the hours until payday? You're not alone. As the economic downturn trudges on, many workers are struggling with household budgets. About six in 10 workers -- 61% -- report they always or usually live paycheck to paycheck just to make ends meet, compared with 49% last year and 43% in 2007, according to a new nationwide survey of more than 4,400 workers by CareerBuilder. [more...]

Date: 2009-09-24 05:57:00

Pre Budget Report: Live Blog

Fasten your seatbelts. You can comment in real time - comments are unmoderated.4.38 ... more for NHS wage bill. £2 bn for British business. Precision guided missle at the heart of economic ... . Pensioners: pension credit goes up to £130 for couple - above indexation. Biggest increase since 2003 [more...]

Date: 2008-11-24 15:21:00

Will oil, gas spending drop in 2009?

Global spending on oil and gas exploration and production will shrink 12 per cent to $400 billion in 2009 as the steep slide in energy prices and tight credit markets reverse a six-year trend of rising budgets, analysts at Barclays Capital said ... its report showed.Another analyst agreed, saying companies were being prudent during the economic crunch [more...]

Date: 2008-12-20 06:49:00

Weep For The Unites States of America

The New York Times has the Text of Draft Proposal for Bailout Plan. Given this is legislation, under fair use terms, here is the complete draft ... thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways [more...]

Date: 2008-09-20 17:21:51

LA/OC home values still up 71% under Bush

White House & housing Region Bush Clinton Change Washington 72.9% 27.0% +45.8% LA/OC 70.6% 30.6% +40.0% Miami 66.4% 38.0% +28 ... -partisan spreadsheet tells me from the latest (through August) S&P report. (Release is HERE!) Yes ... budgets under Clinton. Funny what that means to DC real estate. Washington had the lowest gains [more...]

Date: 2008-10-28 18:00:02

In the story, "Sarkozy, Merkel, Blair Call for New Capitalism," what group did Germany's chancellor cite as a failure?

#fullpost{display:inline;}Street SignsQuestion: In the story, "Sarkozy, Merkel, Blair Call for New Capitalism," ... be making an error if we were content to look solely at financial markets," she said. She deplored huge ... report estimates that the U.S. federal budget deficit will hit an unparalleled $1.2 trillion [more...]

Date: 2009-01-09 18:56:00

A Trip Down the Road to Squanderville

Although still seen as the world’s economic superpower, the United States has found itself with a myriad of problems: Skyrocketing federal debt, ... up right now, and we’ll send you an important new report for free: “The Three Best Investments ... growing annual budget deficits, an almost nonexistent personal savings rate, and the dubious honor [more...]

Date: 2008-11-25 15:00:29

Darling to unveil 45p tax on rich to fund recession package

Alistair Darling will announce today that income tax for those earning more than £150, ... from an expected £120bn next year, the chancellor will use today's pre-budget report to break New Labour's [more...]

Date: 2008-11-24 09:28:18

Darling unveils 45p tax on rich to fund recession package

Alistair Darling will announce today that income tax for those earning more than £150, ... from an expected £120bn next year, the chancellor will use today's pre-budget report to break New Labour's [more...]

Date: 2008-11-24 00:05:04

New Year Resolution #1: Financial Fitness in 2009

Worried about the economy? Been hoarding all your pennies lately? You’re not alone ... t it? Free credit report comparing all your debts, rainy day funds, budget tool…yes, we need ... ? If you have credit card debt, ask yourself why. That list on your credit card statement….was each [more...]

Date: 2009-01-07 22:51:21

Tuesday - November 25th, 2008

- Bailout bill hits $7.7 trillion - that's $24k per person!!! ... complete financial collapse. From the comments on the website:25/11/2008 16:43:47 Alert ... -Budget report:Less anticipated though was the clawback [more...]

Date: 2008-11-25 16:08:00

By Vilani Peiris at WSWSThe International Monetary Fund (IMF) ... , including various trade and industrial lobby groups. According to an Asia Times Online report, Anjum ... stabilization package that calls for the government’s annual budget deficit to “be reduced from 7.4 percent [more...]

Date: 2008-12-21 07:53:16

Three trillion dimes worth of difference

Posted by michiganredneck on October 15, 2008 From a Bob Barr email blast; ... budget. As the major media isn’t covering the NTU report, it’s critical ... to the bailouts, people who are hearing about the NTU report are getting excited [more...]

Date: 2008-10-16 00:40:07


Just in case you didn't already know, the City is in a big heap of trouble ... _Comptroller_nyreblog_com_.JPG THOMPSON ISSUES ANALYSIS OF FY 2009 BUDGET MODIFICATION AND FOUR ... -Year Financial Plan. The Comptroller's report predicts that the turmoil that had gripped [more...]

Date: 2008-12-16 21:46:35

More Reasons to Build the Fence

At last report, the border fence between the U.S. and Mexico was behind schedule and over budget. A GAO study (from August 2008) ... shortages and land acquisition issues are also hampering the effort.To his credit, President-elect Barack ... office. If Mr. Obama needs additional justification, he should take a look at a new report [more...]

Date: 2009-01-15 01:19:00

On Credit Cards and Free Credit Reports.

Finally I was able to pay online my credit card dues yesterday. It’s not that I’m short on funds (since my bill is just a few hundred bucks) ... credit reports. If there are corrections, they should notify the agency to remove credit report ... so I was just lax about it. That’s how I am usually when our budget’s not that tight. My hubby insist [more...]

Date: 2009-01-15 06:40:58

Headlines of Interest

Here is a one week snapshot of some recent headlines from local and national media: ... Slump- Credit Options Shrink for Small BusinessTough Budget Forces Hard Choices at UW01/08/2009 ... 01/8/2009 P-I STAFF AND NEWS SERVICES Retailers report dismal December sales 01/8/2009 [more...]

Date: 2009-01-13 04:26:00

Can Firms Justify Rate Hikes Amid Salary Freezes & Layoffs? (Poll)

Last month we reported on Altman Weil's study (PDF) showing that of the in-house law departments surveyed, 75 percent said they will face budget cuts averaging 11.5 percent in 2009. The big target for cuts? Outside counsel. The report, which includes tips for negotiating… [more...]

Date: 2009-01-16 22:51:42

Obama Stimulus Consigns US to ‘Banana Republic’ Territory

The Washington Times reports: The United States will “look like a banana republic” unless it gains control over its budget deficit and federal debt, ... one measure of America’s creditworthiness — credit default swap spreads — already shows some deterioration. The worse a nation’s credit rating becomes, the more its CDS spread rises. U.S. sovereign [more...]

Date: 2009-01-16 16:52:42

Focus on Finances

Military families, just like families everywhere, have financial concerns and must budget accordingly ... to feel financial strain. So it’s no wonder that Military OneSource online poll participants report [more...]

Date: 2008-08-21 12:20:53

Saving on Education Related Expenses

Saving on Education Related Expenses With all the other demands placed on your budget, finding room for one more expense may seem impossible ... your limit- this shows up on your credit report and gives your credit card company an excuse to charge ... the federal government’s financial aid website- www.fafsa.ed.gov, which will take you through a step [more...]

Date: 2009-01-11 14:47:52

Tuition Crunch by Pedro de la Torre III

Students are often the last ones given a seat at the budget table when times are good, and the first to be put on the table when bearish economies ( ... report awarded every state in the country, except for California, an “F” when it comes to college ... market, real estate market, and other markets plummet. The near-frozen credit markets are causing cash [more...]

Date: 2009-01-14 09:20:49

Earnings: Carphone Confirms Split; iPhone/Dongles Drive Mobile; AOL Name To Disappear

Carphone Warehouse profit dropped by 11 percent to £39 million between April and September but, in answer, ... is beginning a review and will report in the spring; Dunstone "would remain closely involved with both ... "in view of the pressure on family budgets". TalkTalk's telephone user base shrunk 35 percent to 1.3 [more...]

Date: 2008-11-18 09:55:47

Legislative outlook: Aquaculture, growth, climate and budget cuts?

In a year when the state's fiscal woes seem likely to dominate, ... guess. As I reported in The Baltimore Sun earlier this week, Gov. Martin O'Malley wants to tweak ... the state tax credit for rehabilitating historic buildings, which could boost redevelopment [more...]

Date: 2009-01-13 17:11:32

Interesting Bits Around the Web - Dec 8th

Wise Bread offers up some tips on how to entertain on a budget this holiday season In the “I guess cheap gas will do that to ya” department, ... about the recent unemployment report. The key takeaway is that it appears that many employers are using ... about their recent adventure trying to obtain their wedding photos from a less than trustworthy [more...]

Date: 2008-12-08 21:45:07

Morning Whiskey - 01/06/2009 - 15 Days Left

Obama spends the day discussing the budget and ginning up support for his $800 Billion stimulus package ... . But Panetta is apparently a brilliant manager and he will report to Obama's Director of National Intelligence, Dennis Blair. Basically Obama just drew a line down the center of Washington between [more...]

Date: 2009-01-06 11:14:04

Research house upbeat on property stocks

Research house upbeat on property stocks It cites falling interest rates and possible favourable Budget measures By EMILYN YAP INVESTORS can ... credit for new investments,’ it explained. Banks may also introduce more attractive mortgage ... the operating environment for real estate companies this year, said Kim Eng Research in a report yesterday [more...]

Date: 2009-01-06 22:00:37

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