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Keyword: equity

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  • OMB: Top 20% pay 95% of taxes, middle class 'single digits'

    10/27/2017 1:26:51 PM PDT · by SoFloFreeper · 31 replies
    Washington Examiner ^ | 10/27/17 | Paul Bedard
    .....OMB later cited internal data to the Washington Examiner that said the top 20 percent of people to pay income taxes account for 94.8 percent of those taxes in 2016. That appears to be a jump from just a few years ago. In 2015, the Wall Street Journal reported that the top 20 percent of income earners paid 84 percent of income taxes.
  • AIG Bailout Trial Bombshell III: Paulson Lied to Congress About TARP

    10/21/2014 7:01:47 PM PDT · by Lorianne · 39 replies
    Naked Capitalism ^ | 17 October 2014 | Yves Smith
    I’ve gone through only the first day of testimony from the AIG bailout trial, and we are already up to our third bombshell. The first witness called by the plaintiff, Starr International (an investment vehicle controlled by Hank Greenberg), was Scott Alvarez, general counsel for the Federal Reserve Board of Governors. Part of the testimony covered a discussion that took place late in the evening of September 15, the day Lehman declared bankruptcy in the wee hours of the morning. The topic was AIG. The participants included Alvarez, Timothy Geithner, Fed governors Don Kohn and Kevin Warsh, Ken Wilson, a...
  • Target cuts outlook, says market 'difficult'

    08/17/2016 9:01:43 AM PDT · by UB355 · 103 replies
    MIlwaukee ^ | 8/17/2016 | ANNE D'INNOCENZIO
    Minneapolis — Target cut its profit and comparable-store sales outlook amid stiffer competition and its own stumbles in areas like grocery sales. The discounter’s second-quarter net income fell nearly 10%, though that was better than what most had expected. Sales at stores open at least a year fell 1.1%, reversing seven straight quarters of gains. Target shares were down more than 6% in mid-morning trading Wednesday. The quarter underscores challenges that Target and other retailers face from and shoppers who remain cautious about spending.
  • U.S. Equity Futures Slip as Fed's Rate Decision Looms

    09/17/2015 5:37:33 AM PDT · by citizen · 62 replies
    Fox News Business ^ | September 17, 2015 | Victoria Craig
    Fed decision day: The event traders across the globe have anticipated for months has finally arrived. As of 8:00 a.m. ET, Dow Jones Industrial Average futures were 43 points lower, or 0.26% to 16621. S&P 500 futures shed 6 points, or 0.31% to 1982, while Nasdaq 100 futures slid 10 points, or 0.24% to 4370. Today’s Markets Months of speculation about whether September was the month in which the Federal Reserve would begin to lift short-term interest rates is finally coming to a close. The Federal Open Market Committee meets for the final day of its two-day policy-setting meeting, which...
  • Jeb Bush Has a Mitt Romney Problem [Link Only]

    12/11/2014 6:39:03 AM PST · by C19fan · 18 replies
    Bloomberg [Link Only] ^ | December 11, 2014 | Joshua Green
  • WI public sector workers earn nearly $12k more than private sector

    07/10/2013 7:31:14 AM PDT · by afraidfortherepublic · 4 replies
    The Wisconsin Reporter ^ | 7-10-13 | M.D. Kittle
    MADISON – While labor unions grouse about public sector pay, a state government job is a good gig if you can get it, according to the latest income data from the U.S. Bureau of Labor Statistics. In Wisconsin, state employees earned on average $53,552 in 2012, nearly $12,000 more than their fellow workers in the private sector, based on BLS data tracked by Stateline, the news service of The Pew Charitable Trusts. The salary data was drawn from BLS’ Quarterly Census of Employment & Wages, through the fourth quarter of 2012. While Wisconsin state employees are coming off a two-year...
  • CoreLogic: Negative Equity Diminishing; NY Fed: Do More Eminent Domain For Negative Equity

    06/12/2013 11:34:09 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 06/12/2013 | Anthony B. Sanders
    According to CoreLogic’s Q1 Equity report, 850,000 households returned to positive equity in their homesouthanks to the recent increase in house prices. And here is the CoreLogic map of negative equity as of Q1 2013. The higher concentrations of negative equity are still in the sand states (Florida, California, Arizona and Nevada) and the rust belt cities of Chicago, Detroit and Cleveland. So, the housing market is healing and as long as the government ceases to interfere, we should see further healing. Then along came the NY Fed’s Robert Hockett with “Paying Paul and Robbing No One: An Eminent Domain...
  • Azusa Pacific University Censors Conservative Students

    10/06/2012 5:44:52 AM PDT · by CharlesThe Hammer · 27 replies
    Breitbart ^ | 10/5/12 | Patrick X. Coyle
    Azusa Pacific University has blocked students from forming a Young Americans for Freedom (YAF) chapter, which is a project of Young America’s Foundation. Administrators said they are banning the group because they disagree with principles stated on YAF’s national website. Ashley Blackwell, the would-be chair of the chapter, is currently the chair of a generic conservative club at APU and wants to formally affiliate with YAF. Ashley and other key members of her club have attended a number of Foundation conferences both in Washington, D.C., and at the Reagan Ranch, which Young America's Foundation has owned and preserved since 1998.
  • Gingrich's Defense of Bain Capital Far Superior to Anything You Ever Hear Coming from Romney

    05/28/2012 9:40:24 AM PDT · by Reaganite Republican · 30 replies
    Reaganite Republican ^ | May 28, 2012 | Reaganite Republican
    "How can you be the president with the worst  unemployment record since the Great Depression  -and pick a fight over job creation?  There's a point where this becomes ludicrous..." ___________________________________________________________________ "Bain as an issue doesn't work, because people look at it on balance... and they say 'wait a second -yeah- you can pick a couple companies that lost. You can pick a lot of companies that succeeded.' And as even as the governor of Massachusetts said last week, it is a good company." "This is going to fall flat on its face ... Obama picking a fight on the economy is probably...
  • Mitt Romney’s Non-Defense Defense Of Carried Interest

    01/24/2012 12:09:26 PM PST · by Slyscribe
    IBD's Capital Hill ^ | 1/24/2011 | Jed Graham
    If private equity and hedge fund managers were optimistic that the election of one of their own would preserve their prized carried-interest tax break, Monday’s debate must have given them pause. Given the chance to defend his low tax rate by talking up the importance of low taxes on investment for job creation and competitiveness, Mitt Romney balked. Instead, he made an implicit case for why investment taxes shouldn’t be any lower than they are — as Newt Gingrich wants — and defended his own conduct rather than seeking to justify the tax policy.
  • 21st Century Looters (ULine President Editorial)

    12/13/2011 9:17:59 AM PST · by Pan_Yan · 14 replies
    U Line ^ | Fall 2011 | Liz Uihlein
    This past spring, gourmet gift purveyor Harry & David filed for bankruptcy protection. The 77-year-old mail order company is an American business icon famous for its premium fruits, exquisite gift baskets and extraordinary service. So what brought the high-end gift giant to its knees? The slide began in 2004, when a New York private equity firm purchased the Oregon-based company for $230 million in a highly leveraged buyout, only paying $82 million in cash. One year later, the private equity firm sold $245 million worth of bonds to pay off the debt and recoup its original investment. Later in 2005...
  • Obama Dedicates Another $95 Mil To “Social Equity” Program

    08/02/2011 9:20:55 AM PDT · by Nachum · 17 replies
    While Congress raises the nation’s debt limit by trillions to accommodate President Obama’s manic spending spree, the commander-in-chief keeps hurling big chunks of taxpayer dollars at new government programs that aim to bring “social equity” to underserved communities. Among them is an imaginative multi-agency project (Partnership for Sustainable Communities) that helps low-income communities improve access to affordable housing, transportation options and lower transportation costs while protecting the environment. Less than a month ago the administration celebrated its second anniversary by bragging that three federal agencies have doled out more than $2.5 billion in “assistance” to promote “equitable development” while addressing...
  • Americans' equity in their homes near a record low (worst since WWII)

    06/09/2011 10:12:16 AM PDT · by nhwingut · 12 replies
    AP ^ | 06/09/11 | Derek Kravitz
    WASHINGTON (AP) -- Falling home prices have shrunk equity so much that the proportion of their homes that Americans actually own is near its lowest point since World War II. The Federal Reserve says average home equity plunged from more than 61 percent at the start of 2001 to 38 percent in the January-March quarter this year. That drop comes as home prices in big metro areas have reached their lowest level since 2002.
  • (Effective) Negative Equity at Epidemic Levels – Estimates Greatly Underestimate Distress

    05/11/2011 3:34:38 PM PDT · by Razzz42 · 21 replies ^ | 5/10/2011 | Mark Hanson
    1) Remember, these stats rarely include second mortgages or firsts that were refi’d after the purchase where cash out was pulled and the loan amount was increased, as most negative equity estimates are based on original purchase price of the house itself. Zillow, quoted in the story below, is one that uses original purchase price. 2) With respect to negative equity as it relates to the housing market and repeat buyers — the much needed but missing ingredient to a magic housing fix — effective negative equity is far greater. This is because to rebuy a homeowner has to sell,...
  • Ambassador Richard Holbrooke Collapses, Hospitalized

    12/10/2010 2:44:54 PM PST · by jazusamo · 31 replies · 1+ views
    ABC News ^ | December 10, 2010 | KIRIT RADIA
    Special Representative for Afghanistan and Pakistan Richard Holbrooke collapsed today during a meeting in Secretary of State Hillary Clinton's office, officials said. According to Democratic sources, Ambassador Holbrooke, Secretary Clinton's top aide for the region, gasped and was clearly undergoing a medical situation when he collapsed. He is said to have walked out of her office on his own power and was tended to by medical personnel at the State Department before being transported to George Washington University Hospital where to be treated for a blood clot. State Department spokesman P.J. Crowley refused to confirm Ambassador Holbrooke's condition, but confirmed...
  • One Quarter of Mortgage Holders Sink Underwater (Propping up Calif & Fla)

    02/26/2010 3:02:40 PM PST · by xzins · 17 replies · 569+ views ^ | 23 Feb | Steve Cook
    One Quarter of Mortgage Holders Sink Underwater By Steve Cook Real Estate Economy Watch ArticlePhotosListen.Share More than 11.3 million, or 24 percent, of all residential properties with mortgages, were in negative equity at the end of the fourth quarter of 2009, up from 10.7 million and 23 percent at the end of the third quarter of 2009. An additional 2.3 million mortgages were approaching negative equity at the end of last year, meaning they had less than five percent equity. Together, negative equity and near-negative equity mortgages accounted for nearly 29 percent of all residential properties with a mortgage nationwide,...
  • Debt-Based Positions: The Great Mirage

    12/03/2009 1:33:19 PM PST · by arthurus · 2 replies · 342+ views
    Seeking Alpha ^ | December 02, 2009 | FOFOA
    Let's spin this globe and take a look at things from a slightly different angle. If we could inventory the entire planet, every real, solid, tradable item we came across would belong to someone. Someone somewhere, or a group of someones would have bragging rights to each and every thing on this planet. Each one of these items that is the least bit tradable would have some sort of value attached to it. Of course some things are not tradable. For example, a mountain in the United States that has been designated by the collective as public land is not...
  • Carl Icahn's Yahoo Bill: $130 Million and Counting

    08/31/2009 4:40:30 PM PDT · by nickcarraway · 1 replies · 203+ views
    NBC Bay Area ^ | Mon, Aug 31, 2009 | OWEN THOMAS
    Unwinding bet on a Microsoft merger costs tycoon nine figures Pity the poor billionaire: Corporate raider Carl Icahn is still paying for last year's effort to marry Yahoo off to Microsoft. Icahn recently sold 12.7 million shares of Yahoo, new regulatory filings show, at less than $15. He acquired his stake at an average price of $25 a share last year in an effort to pressure Yahoo into accepting a takeover bid from Microsoft. That means he's taken a loss of about $130 million. And unless Yahoo's fortunes take an abrupt turn for the better, he's likely to face more...
  • Are you listening to this??? Rush and "Race" and "Gender" standards for health care???

    08/03/2009 11:14:41 AM PDT · by LS · 23 replies · 1,931+ views
    Rush Limbaugh ^ | 8/3/09 | self
    This was absolutely breath-taking. The health care bill in the Senate version says the Secretary will establish (and enforce!) "gender" and race "standards" to ensure equity. Folks, they are going to define men and women, and ENSURE that transsexuals get access to "health care" that others will be denied; that there will be "race-based" health care to ensure fairness!!!!
  • CHART OF THE DAY: Our Vanishing Home Equity

    05/15/2009 7:01:50 AM PDT · by FromLori · 11 replies · 681+ views
    Homeowner equity--the value of the part of our houses that we actually own--will likely end up down 70% from the peak. Think that will affect our spending? Everyone knows that U.S. house prices have fallen almost 30% from the peak. What is less well known is that Americans' equity in those houses--the part that American homeowners actually own--has fallen much further. Why? Because, despite all the foreclosures and write-offs, our total mortgage debt has only dropped slightly from its peak. When value falls and debt stays the same, equity gets crushed (See The Problem With Debt). If house prices end...