March 29, 2017

Archives for September 2010

Rahm Emanuel Confirms Exit

Following the announcement on September 7th that the Mayor of Chicago Richard Daley would not seek a 7th term, there has been political chatter about Rahm Emanuel stepping down as the White House Chief of Staff to seek the office. In an interview earlier this year with Charlie Rose, as the video clip below shows, […]

Corporate Profit Climbs

Corporations profited $1.614 trillion in the 2nd Quarter of 2010 – the 2nd most profitable quarter of all time. The only quarter with more corporate profits is the 3rd Quarter of 2006, which saw $1.655 trillion in profit. According to statistics [.pdf] released from the Bureau of Economic Analysis, petroleum and coal products had the […]

Why Politicians Are Rich

Among the top 10 self-funding Senatorial candidates, only 2 remain as candidates, whereas the other 8 candidates have already been defeated. What is interesting to observe here is that none of the top self-funders are incumbents, which leads to a digression of why politicians are often wealthy. Since most incumbents have established bases to receive […]

Connecticut Senate Race Tightens

While Democrat Richard Blumenthal held a 10% lead over Republican Linda McMahon in August, the most recent Quinnipac survey shows Blumenthal’s lead over the former wrestling executive has declined to 3%. As a result, the sprint for the seat of outgoing Democratic Senator Christopher Dodd has shifted from leaning Democrat to a toss-up. McMahon not […]

Buck Maintains Lead in Colorado

The most recent poll of the Colorado Senate contest shows Republican Ken Buck with an 8% lead over Democratic Senator Michael Bennet. Buck led by only 3% at the end of August, so the new poll indicates a 5% boost for Buck since the last poll. Additionally, even though the incumbent Senator has a spent […]

Consumer Confidence Slips

Nearly half of American consumers view the September business environment as “bad,” according to a monthly survey of 5,000 consumers. More specifically, 46.1% of consumers shared this view during September – up from 42.3% in August. Consumers also had worsened opinions about the business conditions for the next 6 months, the availability of “plentiful” jobs, […]

Home Prices Remain Stale

Home prices in the 20 largest metropolitan cities declined 0.1% in July, according to S&P’s monthly release [.pdf]. The only two cities with an increase in the price of homes in July was Chicago and Washington D.C., which were subtle increases of 0.1% and 0.6%, respectively. Prices in Boston were unchanged in July, but the […]

Small Business Law Signed Today

Following a 61-38 vote in the Senate this morning, President Obama signed the Small Business Jobs Act this afternoon – providing $42 billion in assistance to small-business owners. The law includes 8 new business-oriented tax cuts, which makes up $12 of the $42 billion and are viewable here. White House officials claim these new cuts […]