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Financial News from The Fiscal Times

  • The Libertarian Johnson-Weld Ticket Is Bad News for Donald Trump

    Somewhere between a discussion about whether or not blind people should be allowed to drive cars and a striptease by a hefty bearded man hoping to be elected party chairman, the Libertarian Party selected its presidential and vice presidential candidates for the 2016 election cycle. Meeting in Orlando, Florida, the Libertarians …

  • Can Obama’s Successor Sort Out His Middle East Mess?

    On one side of this question is Iran, on the other, Saudi Arabia and the Gulf monarchies. Just how the next president manages a diplomatic and political evolution the Obama administration began but couldn’t have handled more clumsily will determine how much we pay for gasoline and how much of our taxes go to the Pentagon …

  • Some Democrats Pray for Clinton’s Indictment as Sanders Pushes On

    There’s no longer any doubt that the Democratic presidential contest has devolved into a blood feud as many supporters of Sen. Bernie Sanders are openly praying that former Secretary of State Hillary Rodham Clinton will be indicted for using a private email server to handle sensitive government communications during her …

  • The AG’s Guide to Ruining Business and Slowing State Growth The Fiscal Times - Sun, May 29, 2016 12:15 AM EDT
    The AG’s Guide to Ruining Business and Slowing State Growth

    New York has been one of the slowest growing states for decades and Schneiderman apparently wants to keep it that way.  On Tuesday, Schneiderman announced that he is suing Domino’s Pizza because he believes that 10 Domino’s franchise pizza stores in New York underpaid their workers. The suit is brought not against the …

  • Is It Time to Cancel the Rio Olympics? Health Experts Say Zika Risk Is Too High

    With the upcoming summer Olympics in Rio de Janeiro shaping up to be a potential global public health catastrophe, a group of medical professionals from around the world today released an open letter to the World Health Organization and the International Olympic Committee calling for the games to be either postponed or …

  • A Day of Remembrance: Memorial Day by the Numbers The Fiscal Times - Fri, May 27, 2016 3:01 PM EDT
    A Day of Remembrance: Memorial Day by the Numbers

    Memorial Day is the unofficial start of summer for many Americans, a holiday weekend filled with road trips, cook-outs and parades. But even as we enjoy the warm temperatures and a three-day break from ...

  • Obama Calls for No Nukes, but the US Still Has Big Plans for Nuclear Weapons

    President Obama gave a somber and apparently heartfelt speech Friday while visiting Hiroshima, the Japanese city where the U.S. detonated the first of the two nuclear weapons at the end of the Second World War. In his remarks, the president expressed his desire to see a world free of nuclear weapons. “But among those …

  • Is Marco Rubio Ready to Make a Senate Comeback? The Fiscal Times - Fri, May 27, 2016 1:30 PM EDT
    Is Marco Rubio Ready to Make a Senate Comeback?

    Just when Marco Rubio thought he was out, his fellow Senate Republicans might pull him back in. CNN reports that the first-term Florida lawmaker, who opted to run for the GOP presidential nomination rather than seek re-election, is under serious pressure to change his mind and enter the Sunshine State’s crowded Republican …

  • These Comic Books Have Crushed Stocks Since 2008 The Fiscal Times - Fri, May 27, 2016 11:24 AM EDT
    These Comic Books Have Crushed Stocks Since 2008

    Eighty original comic books have exceeded the 39.1 percent appreciation of the Standard & Poor’s 500 from the beginning of 2008 to the start of 2016, according to a new analysis of 108 comic books from GoCompare.com and comic expert Duncan McAlpine. For example, the comic book with the biggest six-year percentage increase …

  • Trumpification of the Congressional Agenda Begins The Fiscal Times - Fri, May 27, 2016 8:15 AM EDT
    Trumpification of the Congressional Agenda Begins

    As the last pockets of resistance to Donald Trump within the Republican Party establishment begin to crumble, House Speaker Paul Ryan is fighting a rear-guard action, trying to preserve a small piece policymaking territory within the GOP. The agenda will lay out proposals in six different areas: poverty and opportunity, …

  • 3 Health Insurance Options for New College Graduates The Fiscal Times - Fri, May 27, 2016 6:15 AM EDT
    3 Health Insurance Options for New College Graduates

    Here’s something else that today’s college grads need to consider: health insurance. If you’ve previously had health insurance through school, you may be able to continue that coverage for a month or two, but you’ll have to check with your policy to find out. You’ll also have to make sure you’ll be able to access in-network …

  • The housing market horror story isn’t over yet The Fiscal Times - Fri, May 27, 2016 6:15 AM EDT
    The Housing Market Horror Story Isn’t Over Yet

    It’s enough to make you believe that the housing market has completely left behind the troubles of the bubble and crash years and is poised to lead the nation into prosperity. But there’s something lurking in the data.

  • Parents: Read This Before Co-signing Your Kids’ Student Loans The Fiscal Times - Thu, May 26, 2016 4:46 PM EDT
    Parents: Read This Before Co-signing Your Kids’ Student Loans

    While those loans can bridge the gap between a financial aid package and the amount of money a family currently has for college, they come with a serious catch: They typically require a co-signer. A 2012 report by the Consumer Financial Protection Bureau found that more than 90 percent of private student loans required …

  • Trump Clinches Nomination, Then Gives GOP New Reasons to Worry The Fiscal Times - Thu, May 26, 2016 4:37 PM EDT
    Trump Clinches Nomination, Then Gives GOP New Reasons to Worry

    Hours after the Associated Press reported that, by its tally, Donald Trump had clinched the Republican presidential nomination, the billionaire former reality television star held a press conference in North Dakota that highlighted many of the reasons longtime members of the GOP are still deeply worried about him. For …

  • Does the Air Force Really Want to Bring Back the Raptor? The Fiscal Times - Thu, May 26, 2016 4:12 PM EDT
    Does the Air Force Really Want to Bring Back the Raptor?

    Last month when an influential House panel proposed that the Air Force restart production of the F-22 Raptor fighter jet, many thought the idea was dead on arrival. In fact, top service leaders had previously ...

  • Are Trump and Sanders Really Going to Debate? The Fiscal Times - Thu, May 26, 2016 1:59 PM EDT
    Are Trump and Sanders Really Going to Debate?

    The raucous 2016 presidential primary season is hinting at a new round of fireworks, this time involving Donald Trump and Bernie Sanders. Late Wednesday night, presumptive Republican nominee Donald Trump said he would be willing to debate Democratic contender Bernie Sanders. Sanders quickly accepted the offer with a “Game …

  • Why Uniting the Dems May Not Be So Difficult After All The Fiscal Times - Thu, May 26, 2016 1:12 PM EDT
    Some Democrats Pray for Clinton’s Indictment as Sanders Pushes On

    Hand-wringing among Democrats has been trending upward along with presumptive Republican presidential nominee Donald Trump’s poll numbers. The New York billionaire and Hillary Clinton are tied within the margin of error in national polling, with Trump sometimes holding a slight edge. Given Trump’s general unpopularity, …

  • Should We Raise the Retirement Age as Lives Get Longer? The Fiscal Times - Thu, May 26, 2016 11:24 AM EDT
    Should We Raise the Retirement Age as Lives Get Longer?

    American workers are more likely to support raising the retirement age than their peers in other countries. In a global survey of workers by Aegon, 32 percent of Americans said that they would support increasing the retirement age in line with increases in life expectancy, while on average only 20 percent of workers around …

  • From Floppy Disks to Windows 3.1, the Government Is Woefully Out of Date The Fiscal Times - Thu, May 26, 2016 10:17 AM EDT
    From Floppy Disks to Windows 3.1, the Government Is Woefully Out of Date

    A Government Accountably Office report released Wednesday found that the government spent more than 75 percent, or about $60 billion of the $80 billion earmarked in fiscal year 2015 for information technology, for operating and maintaining computer systems that have gone the way of cassette tapes and inkwells. For example, …

  • Dems Offer a Different Sort of Challenge to Trump’s ‘Manhood’ The Fiscal Times - Thu, May 26, 2016 8:00 AM EDT
    Dems Offer a Different Sort of Challenge to Trump’s ‘Manhood’

    One of the more memorable moments of the Republican presidential campaign was the days-long exchange between Florida Sen. Marco Rubio and now-presumptive-nominee Donald Trump over whether the billionaire’s supposedly small hands signaled that he is also undersized in other areas as well. The challenge to the size of his …

  • Do Millionaires Really Move Away When Their Taxes Go Up? The Fiscal Times - Thu, May 26, 2016 6:15 AM EDT
    Do Millionaires Really Move Away When Their Taxes Go Up?

    A few years ago, after California voters approved a tax hike on residents earning $1 million or more, golfer Phil Mickelson vented to the press that the higher rates, which he estimated could bring his total tax rate to 62 or 63 percent, might lead him to make some “drastic changes” — like leaving the state. Mickelson …

  • We Now Know Hillary Lied Multiple Times About Her Email Server The Fiscal Times - Thu, May 26, 2016 6:15 AM EDT
    We Now Know Hillary Lied Multiple Times About Her Email Server

    Ever since news broke that Hillary Clinton used an unauthorized and unsecured private e-mail server for all of her correspondence as secretary of state, she has defended herself with several arguments. None of the information transmitted through the server was classified, Clinton insisted at first, a claim that has been …

  • It's Time to Add Alzheimer’s to the List of Global Pandemics The Fiscal Times - Wed, May 25, 2016 5:15 PM EDT
    It's Time to Add Alzheimer’s to the List of Global Pandemics

    At first glance, the World Bank Group’s just-launched Pandemic Emergency Finance Facility is precisely what the doctor ordered. PEF is a financing mechanism that will enable the global community to respond to outbreaks “before they spin out of control,” according to Jim Yong Kim, president of the World Bank Group. One …

  • Why Donald Trump’s Attacks on a GOP Governor Are ‘Stupid Politics’ The Fiscal Times - Wed, May 25, 2016 4:50 PM EDT
    Why Donald Trump’s Attacks on a GOP Governor Are ‘Stupid Politics’

    Nearly a month after his last rival dropped out of the presidential race, presumptive Republican nominee Donald Trump has done nothing to moderate his incendiary rhetoric, even when it comes to a fellow member of the GOP. Speaking at a campaign rally in New Mexico on Tuesday night, the billionaire turned his barbs on the …

  • House Tries to Get Their Pound of Flesh from the IRS The Fiscal Times - Wed, May 25, 2016 4:33 PM EDT
    House Tries to Get Their Pound of Flesh from the IRS

    House Republicans renewed their reproach of the Internal Revenue Service this week, proposing to slash $236 million from next year’s operating budget and conducting impeachment proceedings against IRS Commissioner John Koskinen in absentia. For a while it looked as if relations between the embattled IRS and GOP lawmakers …

  • Clinton’s Staff Ignored Investigators as They Looked Into Her Emails The Fiscal Times - Wed, May 25, 2016 4:30 PM EDT
    Clinton’s Staff Ignored Investigators as They Looked Into Her Emails

    Hillary Clinton’s decision while serving as secretary of state to use a private email server for most of her communication with her staff has haunted her presidential campaign since it came to light last year. Related: Is This How Nancy Pelosi Turns Sanders Supporters into Clinton Voters? A report released Wednesday by …

  • Drone Sales Are Soaring Despite New Federal Regulations The Fiscal Times - Wed, May 25, 2016 3:38 PM EDT
    Drone Sales Are Soaring Despite New Federal Regulations

    A new federal registration rule hasn’t grounded skyrocketing drone sales. Retail sales of the unmanned aircraft more than tripled to $200 million in April year over year, according to a new report from NPD Group. The Federal Aviation Administration’s registration rule in December did nothing to slow sales.

  • Retirement Incomes Falling Short in All but 3 States The Fiscal Times - Wed, May 25, 2016 3:00 PM EDT
    Retirement Incomes Falling Short in All but 3 States

    Incomes for retirees in Hawaii, Alaska and South Carolina were the only ones that met the threshold. “Millions of Americans across all generations are unprepared for retirement,” says Greg McBride, Bankrate’s chief financial analyst. To calculate how many people were above or below the target in each state, researchers …

  • From 401(k)s to SEP-IRAs: The Ultimate Guide to Retirement Plans The Fiscal Times - Wed, May 25, 2016 2:45 PM EDT
    From 401(k)s to SEP-IRAs: The Ultimate Guide to Retirement Plans

    Part of the problem is that many workers aren’t taking advantage of the range of plans that exist, putting a secure retirement further out of reach. Almost 40 million working-age households, or 45 percent, don’t have any kind of retirement account, whether an employer-sponsored one or an individual retirement account (IRA). …

  • Why Are the Feds Investigating a Senior GOP Senator? The Fiscal Times - Wed, May 25, 2016 1:52 PM EDT
    Why Are the Feds Investigating a Senior GOP Senator?

    The FBI and the Securities Exchange Commission are putting the personal finances of one of the Senate’s leading Republican voices on foreign policy under the microscope. Politico reports that the feds are looking into whether Sen. Bob Corker (TN) broke any rules when he failed to report millions in income and assets, including …

  • Is This How Nancy Pelosi Turns Sanders Supporters Into Clinton Voters? The Fiscal Times - Wed, May 25, 2016 1:30 PM EDT
    Is This How Nancy Pelosi Turns Sanders Supporters Into Clinton Voters?

    On a downtown street in Washington, D.C., on Wednesday, a crowd of Democratic lawmakers led by House Minority Leader Nancy Pelosi joined striking Verizon Communications workers on the picket lines. “We’re asking Verizon to come to the table, to respect the value of work, to recognize their success is only possible because …

  • Why Oil and Gas Prices Won’t Go Much Higher The Fiscal Times - Wed, May 25, 2016 1:21 PM EDT
    Why Oil and Gas Prices Won’t Go Much Higher

    Stocks can't decide if Federal Reserve interest rate hikes are a positive or a negative. Right now, all that seems to matter in this muddled market is the ongoing strength in energy prices that has pushed wholesale gasoline prices up more than 83 percent from their February low, easing fears of energy-sector bond defaults, …

  • The Worst Home Improvement Projects for Your Money The Fiscal Times - Wed, May 25, 2016 12:15 PM EDT
    The Worst Home Improvement Projects for Your Money

    Most homeowners know that renovations and improvements don’t always pay off, but even so some projects are better investments than others. The average return on investment for home renovations is on the rise, with projects returning an average of 64.4 percent for homes sold within the year, up from 62 percent last year, …

  • The Best Home Improvement Projects for Your Money The Fiscal Times - Wed, May 25, 2016 12:15 PM EDT
    The Best Home Improvement Projects for Your Money

    If the spring weather has you ready to channel your inner Tim Taylor, you’re not alone. The average project returns an average of 64.4 percent for homes sold within in a year, according to the latest cost vs. value report from Remodeling magazine. The project with the highest return on investment is attic insulation, …

  • The Price of Low Wages? Millennials Set Record for Living With Their Parents

    For the first time in over a century young Americans are more likely to live with their parents than to live with a spouse or romantic partner. A new report from the Pew Research Center finds that in 2014, 32.1 percent of Americans age 18-34 lived in their parents’ homes, compared to 31.6 percent of those who were married …

  • 19 Retirement Mistakes You’re Making Other Than Not Saving Enough The Fiscal Times - Wed, May 25, 2016 6:45 AM EDT
    19 Retirement Mistakes You’re Making Other Than Not Saving Enough

    Recent studies have shown that many Baby Boomers might have to live on a mere $7,000 to $9,000 a year during their golden years, based on their current savings (not including Social Security). If that’s not discouraging enough, financial planners say Americans are making plenty of other retirement missteps. Here are 19 …

  • Bernie Should Hit Hillary With the Dubious Donations in ‘Clinton Cash’

    The FBI is investigating Terry McAuliffe’s ties to the Clinton Foundation, and donations made by a prominent Chinese businessman to both the Virginia governor’s campaign and to the foundation. The Clinton Foundation has come under scrutiny for years, charged with being a vessel for Bill and Hillary Clinton’s personal political …

  • The Pentagon ‘Slush Fund’ That Could Threaten National Security The Fiscal Times - Wed, May 25, 2016 5:45 AM EDT
    The Pentagon ‘Slush Fund’ That Could Threaten National Security

    The Pentagon’s ongoing use of an emergency war fund is undermining U.S. national security, according to a new think-tank study. In an analysis released Tuesday, the Washington-based Stimson Center argues that the Pentagon should phase out the Overseas Contingency Operations (OCO) account, which was originally set up to …

  • Obamacare Insurers Received More than $15 Billion in Taxpayer ‘Bailouts’

    Some lawmakers are still seething over an administration decision nearly two years ago that has shortchanged the Treasury of billions of dollars by shifting the funds to an obscure Obamacare program aimed at protecting insurers against major losses. The so-called Transition Reinsurance Program was designed as a three-year …

  • Five Clinton vs. Sanders Policy Battles That Could Blow Up the Convention The Fiscal Times - Tue, May 24, 2016 5:06 PM EDT
    Some Democrats Pray for Clinton’s Indictment as Sanders Pushes On

    Sen. Bernie Sanders of Vermont won’t be getting one last debate with Democratic presidential frontrunner Hillary Rodham Clinton before the critical June 7th Democratic primary in California, as he had hoped. Clinton, who is just 90 delegates shy of locking up what Sanders calls “the rigged” Democratic presidential nomination, …

  • VA Chief Sticks With Tone-Deaf Disney Comment Amid Calls for Resignation The Fiscal Times - Tue, May 24, 2016 3:22 PM EDT
    VA Chief Sticks With Tone-Deaf Disney Comment Amid Calls for Resignation

    In 2014, Robert McDonald, former CEO of Procter & Gamble, was tapped to head the Department of Veterans Affairs after a series of Obama administration and independent investigations revealed widespread fraud and incompetence throughout the agency’s medical network that may have contributed to the deaths of veterans. Roughly …

  • Good News on Gas Prices Heading Into Memorial Day Weekend The Fiscal Times - Tue, May 24, 2016 11:17 AM EDT
    Good News on Gas Prices Heading Into Memorial Day Weekend

    Although they’ve been on the rise for the past two weeks, gas prices are at levels that haven’t been seen in over a decade heading into Memorial Day weekend, one of the busiest driving weekends of the year. Despite the recent rise, drivers are poised to pay the lowest Memorial Day gas prices since 2005, according to AAA. …

  • The Best and Worst Family Restaurant Chains in America in 2016 The Fiscal Times - Tue, May 24, 2016 10:45 AM EDT
    The Best and Worst Family Restaurant Chains in America in 2016

    Americans are not just looking for kids’ menus and crayons at their favorite family restaurants. Some of the country’s biggest family-friendly restaurant chains offer these features and more, while others fall short, according to an annual ranking from industry publication Nation’s Restaurant News. Shari’s moved into …

  • Air Force to Congress: We Can’t Afford All of These Fighter Jets The Fiscal Times - Tue, May 24, 2016 7:15 AM EDT
    Air Force to Congress: We Can’t Afford All of These Fighter Jets

    The Pentagon says its total aviation inventory will shrink by roughly 10 percent over the next decade because it can’t afford to build and modernize enough planes to keep up with the pace of aircraft retirements, according to a new agency report. The "Annual Aviation Inventory and Funding Plan Fiscal Years 2017-2046,” …

  • Bernie Sanders on Puerto Rico: ‘A’ for Effort; ‘D-‘ on Substance The Fiscal Times - Tue, May 24, 2016 6:15 AM EDT
    Bernie Sanders on Puerto Rico: ‘A’ for Effort; ‘D-‘ on Substance

    The White House and House Republicans have finally reached a deal to help Puerto Rico dig out from $70 billion in debt, but the bipartisan agreement has quickly become another point of contention in the not-quite-over Democratic presidential primary. Hillary Clinton, despite what she called “serious concerns over several …

  • Here’s What Happens If Sanders Drops Out of the Race The Fiscal Times - Mon, May 23, 2016 4:15 PM EDT
    Here’s What Happens If Sanders Drops Out of the Race

    As the Republican electorate coalesces with varying degrees of enthusiasm around presumptive presidential nominee Donald trump, the billionaire’s poll numbers have been improving. Climbing first to within the margin of error in many national polls, Trump has now surpassed Clinton, and today for the first time took the …

  • Sanders Scores a Big Victory in His Battle With Clinton The Fiscal Times - Mon, May 23, 2016 3:20 PM EDT
    Sanders Scores a Big Victory in His Battle With Clinton

    Consider it the first of what could be many olive branches offered by Hillary Clinton and the Democratic Party to Bernie Sanders. The Washington Post reports that party officials and frontrunner Clinton have struck a deal with Sanders that allows the Vermont senator to name one-third of the panel that writes the party’s …

  • Vietnam Is Spending Billions on Arms, but Will It Buy American? The Fiscal Times - Mon, May 23, 2016 2:36 PM EDT
    Vietnam Is Spending Billions on Arms, but Will It Buy American?

    The decision by the United States to lift the decades-old arms embargo on Vietnam doesn’t mean that Hanoi will be making a mad dash to buy American-made weapons. In fact, President Obama, in announcing the historic move at a joint press conference with the Vietnamese president, Tran Dai Quang, went out of his way to stress …

  • Study Says Trump Isn’t Really Bringing New GOP Voters to Polls The Fiscal Times - Mon, May 23, 2016 1:34 PM EDT
    Study Says Trump Isn’t Really Bringing New GOP Voters to Polls

    A claim central to Donald Trump’s presidential campaign has been his assertion, over and over, that he is bringing hordes of new voters into the Republican Party. Turnout has been extremely high in this year’s Republican primary, which could at least plausibly be tied to new voters coming into the GOP fold in response …

  • Is Your Workplace Making You Sick? Now There’s a Test for That The Fiscal Times - Mon, May 23, 2016 11:39 AM EDT
    Is Your Workplace Making You Sick? Now There’s a Test for That

    Companies have made getting employees fit a major focus in recent years, as skyrocketing health care costs have boosted the incentive to foster the healthiest workforce possible. Now, FitWell, a new program from the Centers for Disease Control and Prevention and the General Services Administration, aims to give offices …

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