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So Far, 25 States Have Emptied Their Unemployment Funds
4 hours ago ago from Crooks and Liars
You have to love how utterly shameless these Republican oligarchs are. In the middle of a massive recession, a Republican governor is complaining about "Rolls Royce" unemployment benefits in Indiana. By "Rolls Royce," I assume he means anyone who's getting enough money to pay for heat is living too damned high on the hog. Maximum weekly unemployment benefit in Indiana: $360. But that's not even news, is it? That the party that so ...
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8 hours ago ago from A New World Order Out of Chaos (News Page)
The Collapse of the U.S. Economy Unemployment Funds Going ‘Absolutely Broke’ 40 state programs to be emptied by the jobless tsunami within two years December 22, 2009 Washington Post - The recession's jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing the benefit checks. The shortfalls are ...
Related contentBadger State board eyes new hedge fund allocation
7 hours ago ago from Industry-Partners
Badger State board eyes new hedge fund allocation Go here to read the rest: Badger State board eyes new hedge fund allocation Read more: Badger State board eyes new hedge fund allocation
Related contentEffects of the Patient Protection and Affordable Care Act on the Federal Budget and the Balance in the Hospital Insurance Trust Fund
7 hours ago ago from Director's Blog
CBO has been asked for additional information about the projected effects of the Patient Protection and Affordable Care Act (PPACA), the pending health care reform legislation, on the federal budget and on the balance in the Hospital Insurance (HI) trust fund, from which Medicare Part A benefits are paid. Specifically, CBO has been asked whether the reductions in projected Part A outlays and increases in projected HI revenues under the ...
Related contentBREAKING-New CBO Letter RE: Senate Health Care Bill Projects Medicare is SCREWED!!!
15 hours ago ago from YID With LID
Multi-tasking is a great quality, but money can't multi-task--- you can't spend the same dollar bill in two different places. The Senate version of the Obamacare tries to do just that. According to the Senate's guidelines given to the CBO to score the latest Harry Reid version of Health Care, the $500 Billion in medicare savings is being used to extend the life of Medicare AND to help pay for the new Healthcare programs in the bill. ...
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Cash Infusion Could Signal Glencore IPO
22 hours ago ago from Wall Street Journal
BY PETER LATTMAN AND JEFFREY MCCRACKEN A group of institutional investors is set to announce a roughly $2.2 billion cash infusion into Glencore International AG that could be a precursor to an initial public offering of stock for the closely held Swiss natural-resources trading giant, according to people familiar with the situation. U.S. private-equity firm First Reserve Corp. will invest nearly $1 billion into Glencore, leading a group ...
Related contentCitigroup's return of TARP money removes pay caps
1 hour, 27 minutes ago ago from U.S. News
Citigroup's return of TARP money removes pay caps WASHINGTON (AP) -- Citigroup Inc. on Wednesday repaid $20 billion in bailout money and received a government ruling that it's no longer covered by the pay restrictions imposed on companies receiving the most rescue money. Kenneth Feinberg, the Obama administration's pay czar, said in a letter to the company that the repayment removes Citigroup from restrictions on executive pay and bonuses ...
Related contentSovereign wealth funds on the hunt
10 hours ago ago from CNN Money
Sovereign wealth funds on the hunt By Mina Kimes , writer-reporter December 23, 2009: 10:57 AM ET NEW YORK (Fortune) -- After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again. [Funds] are researching deals and trying to get things lined up, says R.P. Eddy, CEO of Ergo, a research firm that advises some of the world's ...
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