Friday, November 16, 2012
It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds.
The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed).
Tuesday, November 13, 2012
Wednesday, November 7, 2012
Before the party leaders’ speeches there had been a different type of drama in Parliament. Finance Minister Yannis Stournaras>>>>> retracted a proposed amendment to include parliamentary employees in cuts to civil service salaries, after the employees threatened to strike, though he said the bill would be resubmitted.
Tuesday, November 6, 2012
"The incident was the first since the height of antigovernment protests last year in which coordinated bombs have been planted in busy areas of the capital. ... The attacks came less than a week after a ban by the government on all protest gatherings, a move that drew widespread international criticism, including from the US."
Saturday, November 3, 2012
In the wake of the devastating Hurricane Sandy,numerous reports tonight indicate that Martial Law has been declared in Seaside Heights, NJ and surrounding towns . Large portions of NJ remain without power, and many NJ police departments are reportedly beginning to run out of gas. The situation appears to be rapidly deteriorating for much of the NJ coast.