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U.S. GDP forecast lifted without good news on jobs March 02, 2011 Even as the projected growth of U.S. Gross domestic product (GDP) for 2011 has been lifted to 3.3 percent from previous estimate of 2.6 percent, the job situation is not expected to improve much, according to new projections by the National Association for Business Economists (NABE). The jobless rate will remain high, al ...	Will Obama's Budget Proposal will Raise Your Taxes? February 19, 2011 With new faces in Congress, President Obama knows his $3.73 trillion budget will be a hard sell. That's why he took his message to the airwaves this week, making TV appearances and issuing statements calling for "tough choices and sacrifices." A top priority of Obama's budget plan is to hack away at the deficit, cutting it b ...	Housing Crash Is Hitting Cities Once Thought to Be Stable February 14, 2011 Few believed the housing market here would ever collapse. Now they wonder if it will ever stop slumping. The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune — economically diversified cities where the boom was relatively rest ...
Illinois lawmakers pass big tax hike to aid budget January 12, 2011 A big income tax increase squeaked through the Illinois House and Senate as Democratic lawmakers played beat-the-clock to get the measure passed before a new legislative session begins on Wednesday. The bill, which passed the House in a 60-57 vote late on Tuesday and the Senate in a 30-29 vote early on Wednesday, now heads t ...	Fidelity unveils first unified managed account January 12, 2011 Fidelity Investments launched its first unified managed account on Wednesday designed for its direct customers as it seeks to provide more tax-efficient investments. The product will allow customers to combine investments in a range of products, including mutual funds, exchange-traded funds, individual securities and a separ ...	Geithner gauging support for major tax reforms January 12, 2011 Treasury Secretary Timothy Geithner said on Wednesday the Obama administration is exploring the potential for tax reforms that will increase incentives for investment in the United States. Geithner said in comments following a speech at Johns Hopkins University's School of Advanced International Studies that such reforms cou ...
As regulatory clouds clear, college stocks should rally January 12, 2011 Report card for U.S. for-profit education stocks: Likely to remain near the bottom of the class in the first half, but should do better as the year goes on, regulatory concerns ease and growth, while sluggish, returns. The sector has been in freefall for nearly a year as investors took flight amid government moves to rein in ...	Mortgage applications increased last week January 12, 2011 Applications for U.S. home mortgages increased last week as lending rates eased from recent highs, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity rose 2.2 percent in the week ended January 7 to its highest level in about a month. It ha ...	Companies warily eye new consumer complaint sites January 12, 2011 The U.S. government is intensifying its use of consumer complaint websites with two new outlets for customer gripes that have trade groups for manufacturers and financial firms concerned about smear campaigns and lawsuits. The Consumer Product Safety Commission plans to go public on March 11 with a searchable database of con ...