With the announcement of a 3.6% COLA increase, many social security recipients were cheering. After two years without a COLA increase for their benefits, this much needed boost was a ray of sunshine to over 60 million retirees. However, the picture is not so great for the 160 million workers in America who are subject [...]
Tags: Cola Increase, Increase
Posted October 22, 2011 by Oliver Blake under Financial News
Hello All, We had a mixed day leading into Bernanke’s speech, and at the end of the day we didn’t receive any new data. A third round of stimulus is to be discussed in the upcoming FOMC meeting on the 20-21st, and ultimately it will depend on whether the Euro tanks before then. Trichet’s speech [...]
Posted October 10, 2011 by Oliver Blake under Financial News
Share Arizona has highest single jurisdiction sales tax In a recent news release the Tax Foundation identified Tuba City, Arizona as having “the highest single jurisdiction in the U.S. for sales taxes…[with a] combined rate of 13.725%.” Broken down, the tax consists of “…a 6.6% state tax, a 1.125% Coconino county tax, and an additional [...]
Tags: Sales Tax, Tax
Posted September 24, 2011 by Oliver Blake under Financial News
The U.S. dollar enjoys a certain level safety as the world’s reserve currency and its abundant use in the purchase of goods in global markets. Its status is now poised to shift into a safe haven as investors seek stability in an increasingly unstable market. U.S. Treasuries and money market funds are getting a lot [...]
Tags: Market
Posted September 22, 2011 by Oliver Blake under Financial News
With the possibility of another global economic slowdown and poll numbers that need a boost, President Obama has committed to providing a blueprint for growth that will spur economic activity and hopefully enable job creation. But many fiscal conservatives and Obama administration detractors are already calling this a 2012 stimulus plan, which will fail like [...]
Tags: Boost, Boost Economy
Posted August 25, 2011 by Oliver Blake under Financial News
Hello All, Gold continued to get hammered today, down $100, ahead of tomorrows option ex, and margin requirements have been increased due to volatility. Wall Street continued it’s rally as investors chase the dream with the QE3 carrot being dangled in front of them, but ultimately Friday will be judgement day with hedge funds having [...]
Posted August 25, 2011 by Oliver Blake under Financial News
If you are a new American Consumer News reader, we would like to welcome you to our website. American Consumer News exists to help people become better managers of money and more savvy consumers. We provide daily news covering the companies that consumers interact with on a regular basis, such as Wal-Mart, McDonalds, Bank of [...]
Tags: Dsk Maid, Say
Posted July 29, 2011 by Hanna Silver under Financial News
For those looking to make some quick cash check out the Citi ThankYou Preferred Card–doing so this summer can earn you $200 in gift cards in addition to other perks. Between now and August those that open a Citi ThankYou Preferred Card can earn $200 in gift cards and a 0% APR for 15 months [...]
Tags: Card, Preferred Card, Thankyou Preferred, Thankyou Preferred Card
Posted July 27, 2011 by Admin under Financial News