House passes payroll tax cut, jobless benefit bill
The GOP-controlled House has passed a bill renewing a payroll tax cut for 160 million workers and jobless benefits for millions more, backing the main items on President Barack Obama's jobs agenda in a rare burst of bipartisanship.
The bill passed Friday, 293-132. The Senate is expected to quickly follow and send the measure to Obama to sign.
Some stock pickers start with a screen. I start with a concept: Look for the hated!
I search for investment themes that are decidely contrarian. That means that few like the concept, the sector or the stock. The themes must meet several important critera:
Negative sentiment and/or polling
and most importantly -- hatred.
Taxing financial trades has been touted as a panacea for all kinds of global ills, a cash source to fight poverty and global warming. But the latest European attempt to introduce a worldwide standard 40 years after it was first conceived is facing stiff opposition from the U.S. and Britain.
Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emergency legislation to avert the nation's first-ever financial default.
The dramatic resolution lifted a cloud that had threatened the still-fragile economic recovery at home -- and it instantly powered a rise in financial markets overseas.
June 2011 Jobs Report: the Ugly, the Ugly and the Ugly
Standard & Poor's on Monday downgraded its credit outlook for the United States, citing a "material risk" that policymakers may not reach agreement on a plan trim its large budget deficit.
While the agency maintained the country's top AAA credit rating, it said that authorities have not made clear how they will tackle long-term fiscal pressures.