On “Fox News Sunday,” Speaker of the House John Boehner said that the Obama administration needs to be willing to work with Republicans to get its wanted increase in the debt ceiling. At the same time, he said that defaulting on the debt would be a “financial disaster” and claims the issue is not even [...]
D&H Distributing and audio specialist Sennheiser announced an exclusive distribution agreement whereby D&H will carry a broad range of Sennheiser’s consumer electronics products, including several of its headphone and headset models. The agreement, which became effective January 1, enables Sennheiser to broaden its market penetration in the retail segments of the U.S. consumer electronics market. [...]
Engaged couples can win a once-in-a-lifetime wedding designed by Yifat Oren, a celebrity wedding planner, worth over $100,000 thanks to the Ultimate Wedding Contest. This is the second year that Crate and Barrel will give one lucky couple the opportunity to have the wedding of their dreams. The contest will kick off tomorrow and run [...]
After releasing a report Thursday that implied some drivers were born under a bad sign, Allstate Corporation (NYSE: ALL) has backed-off the announcement. The report, based on a revised Zodiac calendar, showed that Virgos were the worst drivers and Scorpios were the best. Before Virgos panic and Scorpios rejoice though, drivers need to check their [...]
The Congressional Budget Office released its new budget estimate on Wednesday and this year the federal deficit is expected to reach almost $1.5 trillion in 2011, a mind-boggling number and a new record. The projected deficit is almost 25 percent of the GDP. On top of the deficit, the national debt is close to its [...]
Many times, people become frustrated with tax planning – it’s complicated, confusing and making a mistake is punished with penalties and interest. While tax planning doesn’t frustrate me, I do get frustrated when I hear people tell me that their prior tax advisor told them there was nothing they could do to reduce their taxes [...]
Freddie Mac (OTC: FMCC) reports that as bond yields rose this week so did mortgage rates. Freddie Mac released its Primary Mortgage Market Survey today and reported that both long-term and short-term rates were higher than last week. For the week ending January 27, 30-year fixed-rate mortgages had an average of 0.7 points and 4.80 [...]
Investors and businesses can expect a continuation of the extremely low rates for federal funds for an extended period. The Committee is going to maintain the rate at 0 to 0.25 percent in anticipation that current and future economic trends are likely to remain stagnant. The Federal Open Market Committee says the economic recovery is [...]
Calling all guacamole or salsa lovers, it is now possible to have your cake and eat it to, so to speak. Whether it is homemade or store bought e from natural ingredients, salsa and guacamole are now officially diet foods. The hit NBC series, “The Biggest Loser” has announced that Wholly Guacamole, part of Texas-based [...]
Americans have done much in the last year or so in cutting spending and paying down debt, but Equifax (NYSE: EFX), a leading credit reporting agency, has found that many American households still are deeply in debt. Equifax said that, “some creditors owe up to 17 percent of their income to credit card companies alone.” [...]