Category Archives: money

America’s Federal Deficit: $52,700,000,000,000

With the current financial crisis many people blame Wall Street and the “greed” factor for the fact that the economy seems to be hitting the wall. However, that’s only part of the picture. America has been living on the financial edge for quite some time. The federal government has accumulated $52,700,000,000,000 Dollars of dept and [...]

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The Wall Street Crisis: Why, Who, What, Where, How, Relief?

Yesterday on my way home I listened to the NPR radio show “fresh air” hosted by Terry Gross. Financial reporter and New York Times columnist Gretchen Morgenson was there for an interview about the current financial crisis on Wall Street and why it happened, who did it, what happened, where the impact can be seen [...]

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America Is All About (Mad) Money

One thing that strikes people from the outside is how obsessed America is about money. Money matters, and is discussed everywhere. That’s not to say that everyone is smart and educated about money, but simply means that money is an omnipresent topic in the society and media. A lot of people actually leave money on [...]

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The Rich Are Getting Richer …

Well, in technical terms, one could say the average tax rate of the richest 1% of the country has fallen and not kept up with their share of income. The WSJ reported a few days ago that according to the latest IRS data “the richest 1% of Americans in 2006 garnered the highest share of [...]

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