By continuing to use the site you are agreeing to our use of cookies. Find out more about cookies. Briefing If you tell a lie big enough and keep on repeating it, people will eventually come to believe it clearly this is something the Tories agree with. The lies justifying the Coalition Governments austerity policies are among the biggest. Theyve caused untold harm and misery to the overwhelming majority of us, while the richest have prospered. Yet still they continue. Exposing the myths that austerity has ‘saved the http://firstconsolidationloans.com economy’, ‘reduced debt’, ‘brought down borrowing’ and ‘kick-started recovery’ – this Class briefing gives the facts and realities behind the lies. This pamphlet has been produced to expose the Coalition Governments lies and prove that there are alternative routes back to jobs, higher living standards and economic recovery. Austerity hasnt worked and it wont work.
After all, government spending makes up roughly one-fifth of GDP, so a shutdown of the federal government would presumably deal a big blow to the economy as a whole. Many economists are studying previous shutdowns to predict how the current standoff will influence the economy going forward. Government shutdowns have been surprisingly common since 1976, writes Guy LeBas, chief fixed-income strategist for Janney Capital Markets, in a note to clients. He points out that the current shutdown is actually the 18th such occurrence since 1976. The vast majority of standoffs, however, have lasted just a few days. Given the apparent distance between Democrats and Republicans positions, analysts have been using the most recent 199596 shutdown(which lasted a total of 26 days) as a yardstick against which to analyze the current situation. (MORE: Obamacare Exchanges Riddled With Glitches ) LeBas estimates that if the 2013 shutdown lasts a similarly long time, it could shave 0.8% from economic growth in the current quarter. The effects would become more severe the longer the shutdown lasts. This reduction in economic growth would come primarily from roughly 800,000 federal workers being put on furlough and left without paychecks to spend. But as analysts at Macroeconomic Advisers point out , the long-term effect on the economy will have as much to do with how the budget impasse is resolved as how long it lasts. They predict that a two-week government http://usconsolidationloans.com shutdown will shave 0.3% from economic growth, but that the effect will be reversed in the following quarter if the government ends up instituting back pay for workers who were furloughed, as it did in last time. In other words, the overall impact of a government shutdown on the economy will be muted, as long as Democrats and Republicans are able to come to an agreement relatively quickly. But that doesnt mean that the economy will walk away from this showdown unscathed.
Quoted Stocks. These are paper assets that are traded freely in the stock exchange. You can buy and hold any quoted company stock when you want to keep your money there or sell when you need your money back. When you buy and hold, you can earn dividends on the stock as well as gains in stock appreciation. Alternatively, you can sell off the stock at a higher price. Both ways, your money grows. 07. Precious Collections. These are hard assets which people can buy and preserve. For lovers of art and precious collections, you can also keep your money in them. Precious collections include paintings, vintage cars, watches and jewelry.
Louis Business Journal Send this story to a friend Email address of friend (insert comma between multiple addresses): Your email address: Oct 2, 2013, 6:52am CDT Lee cuts debt ahead of schedule Mary Junck, Lee Enterprises chairman and CEO Staff St. Louis Business Journal Lee Enterprises Inc. has reduced its debt by $98.5 million, two years ahead of the schedule outlined in its reorganization plan. The company now has a debt balance of $847.5 million. In remarks made at a conference in Arizona, Mary Junck , chairman and CEO, and Carl Schmidt , CFO and treasurer, said the company expects to continue to reduce its leverage over the next several years. The executives also said current initiatives at the company are expected to cut cash costs by about $10 million in 2014, which will help offset cost increases from new revenue initiatives. Lee expects to reach its goal of cutting operating expenses by between 4.5 percent and 5.5 percent this year. Since 2007, the compay has cut its cash costs of continuing operations by $271 million, or 34 percent. Lee Enterprises, which owns the St. Louis Post-Dispatch , reported fiscal third-quarter net income of $1.97 million, compared with a loss of $1.4 million in the prior yearas quarter.
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Failure to raise the debt limit would force the country to default on its obligations, dealing a blow to the economy and sending shockwaves around global markets. A 2011 standoff over the debt ceiling hammered consumer confidence and prompted a first-ever downgrade of the United States’ credit rating. Analysts say this time it could be worse. Lawmakers back then were fighting over how best to reduce trillion-dollar budget deficits, but this time they are at loggerheads over an issue that does not lend itself to compromise as easily: an expansion of government-supported health benefits to millions of uninsured Americans. Republicans have voted more than 40 times to repeal or delay “Obamacare,” but they failed to block the launch of its online insurance marketplaces on Tuesday. The program had a rocky start as government websites struggled to cope with heavy online traffic. “What I’m hearing from my constituents at home is if this is the only way to stop the runaway train called the federal government, then we’re willing to try it,” said Texas Senator John Cornyn, the second-ranking Republican in the Senate. A Reuters/Ipsos poll showed 24 percent of Americans would blame Republicans, while 19 percent would blame Obama or Democrats. Another 46 percent said everyone would be to blame. The shutdown battles of the 1990s didn’t substantially fast track debt relief affect public’s opinion of then-Democratic President Bill Clinton or his Republican adversaries, the Gallup polling organization said. Republicans and Democrats traded blame for the shutdown, but many seemed deeply embarrassed for the institution as a whole. Several said they planned to donate their salaries to charity or forego pay altogether.