I just read that Air India is in deep trouble - 3 billion in debt. I just flew to and from India (not on that airline) and I fly all the time so of course that article caught my attention. What airline with huge money problems is not going to cut costs? And that usually means trim safety, right? Of course I don't dare read articles about the airlines I find myself on almost daily. ... read more
This is not good - we are in a jobless recovery. That means that the stimulus package (which was/is hugely expensive) has managed to help economy grow but not help people get jobs. Jobs are what really matter to the individual Americans and not merely big picture numbers that economists focus on. Economists focus on theory - people focus on what is happening to them. Our unemployment rate in ... read more
Here is an inside look at the TV new business:
Right now there is an opening at Good Morning America (or at least there will be in January.) I would bet my right arm that the minute it was announced that Diane Sawyer is moving to the evening news anchor job (as of January), women anchors started calling their agents ....and then agents started calling ABC to see if their clients might get ... read more
Explain this below (and I pose it because I don't fully understand...I have an economics degree but economics is a very slippery subject with many variables...)
....in the 1990's, the highest income tax bracket was 37 %-39% (?) and the economy was soaring!! It was during a Democratic Presidency (Clinton.) So why does President Obama (also a Democrat) think raising taxes is a good idea ? why ... read more
Wall Street Journal has a front page story today which says economists are split on whether the huge infusion of credit into the economy (the stimulus package and other things such as the Federal Reserve's decision to increase the money supply) will cause an inflation. What do YOU think? ... read more
Are you at risk of losing your house? going into foreclosure? what about the government/ bank's program of loan modification? is the bank playing it straight with you? is the US Treasury helping or dragging its feet? We ran part of our interview on Thursday on ON THE RECORD at 10pm with Alex Fleming and his tough financial position in a town about 25 miles from Washington, DC.
Alex Fleming ... read more
Check this out! California is having a GIANT garage sale! And, if you watched last night's ON THE RECORD at 10pm (and if you watch again tonight), you know that Nevada is making it worse for California!
By JUDY LIN
Associated Press Writer
SACRAMENTO, Calif. (AP) -- Gov. Arnold Schwarzenegger is hoping that the "Great California Garage Sale" will turn government clutter like surplus ... read more
Alex Fleming has owned his home for almost 10 years. He has never missed a payment. In about 2005 he refinanced and got an adjustable rate mortgage. He says he did agree to the ARM but he signed the contract. Since then he has been retired from the government (mandatory age retirement) and now his payment has jumped to more than $3000/month. His total retirement is $4000/month. He ... read more
Former Senator Tom Daschle works for Alston & Bird.
He is also in and out of the White House and in constant contact (per the New York Times) with the President and others about the health care reform bill. (Tune in tonight for ON THE RECORD at 10pm -- we have the reporter for the New York Times who broke this story.)
Daschle refers to himself as a "resource" ("I'd like to be a resource to ... read more
September 8, 2009 08:25 AM EDT
flying lately?
I just read that Air India is in deep trouble - 3 billion in debt. I just flew to and from India (not on that airline) and I fly all the time so of course that article caught my attention. What airline with huge money problems is not going to cut costs? And that usually means trim safety, right? Of course I don't dare read articles about the airlines I find myself on almost daily. ... read more
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