It's no secret President Obama is a sports-minded individual; video of him playing golf and basketball are ample proof. So from the moment the president enters the House chambers on January 20, he needs to talk tough, he needs to talk frank and he needs to talk sports.
I recently got an email invitation from a Democratic congressional office to come to a "watch party" to view President Obama's State of the Union address. His "fourth-quarter priorities," according to the White House-inspired talking points of the message, are "home ownership, free community college, and high-paying jobs." That sounds pretty good. But if you unpack the specifics, the president is offering pretty weak tea. Obama proposes to have the federal government cover 75 percent of the cost, if states will participate. This could save students an average of over $3,000 a year. By contrast, the original G.I. Bill of Rights of 1944 covered living expenses as well as tuition. The point is that this Obama proposal is not going to be passed by the Republican Congress in any case, so why not think big and act bold? Why not propose something that would make a major difference in the lives of millions of moderate income Americans and dare the Republicans to oppose it?
Je suis Charlie Hebdo. In fact, let's go even further: Nous sommes Charlie Hebdo. Because we are all Charlie, this week. However, most of the American media cravenly allowed the terrorists to dictate their editorial policy this week, which is truly disappointing.
As President Obama puts the final touches on his State of the Union address, there is one topic he should add to his checklist, or more accurately perhaps, his bucket list. No State of the Union report can be complete these days without addressing the state of the union's environment, and especially our vulnerability to climate change.
Surging stock prices will likely increase rather than decrease the costs of saving for retirement for most folks. Why? Because most people, including baby boomers who are inching closer to "retirement age", remain vastly underprepared for retirement.
For an economy heavily dependent on consumer spending, this is not a trivial consideration.
The median household income in 2013 was only slightly above that reported for 1995 (after adjusting for inflation), while costs for necessities like housing (rent), health care, and education are making it much more difficult for middle-class folks to get by.
President Obama was in a quandary -- where oh where would he deliver his 2016 State of the Union Address?
Using inflation-adjusted numbers, we indexed each component of GDP to 4Q07 levels, beginning with a value of 100 for each. We graphically display the results below, followed by some commentary.
I've argued for some time that the process of deleveraging has yet to run its course. The aggregate level of debt in our economy currently stands at a record high, even though many pundits continue to say that debt levels are much more manageable now as compared to the pre-crisis days.
The drop in oil (and corresponding drop in energy stocks) is causing much consternation throughout the investment world because it is inconsistent with the narrative articulated by most economists.
The growth of the American and global economies are the underlying drivers for most all equity investments. A clear discipline, dogged research, and dispassionate assessment are an investor's best friends.
Remember, markets go down from time to time, and it's normal. Cool heads and steady hands make money over time.
President Obama should feature national service in his 2015 State of the Union Address, requesting in his final two budgets sufficient funding to put AmeriCorps back on the trajectory a bipartisan Congress authorized.
Technology seems to have solved the trade execution issue, so I don't foresee an overwhelming market shutdown. Fidelity now offers an amazing 1 second trade confirmation guarantee.
I want to buy a house. Would you be willing to loan me $250,000 for 30 years at 4.25 percent? Your answer is crucially important. Before you answer, keep in mind that you will be taxed on the interest you receive.