With a cocky President Obama no doubt grinning from ear-to-ear, federal lawmakers yesterday gave their blessing to legislation that boosts income tax rates and government spending while kicking many of the “fiscal cliff” issues down the road for several weeks.
The $1.2 trillion in scheduled spending cuts –falling largely on the Pentagon– have now been officially postponed for two months.
The next manufactured crisis comes March 1, the day the cuts will [...]
The Eurozone wasn’t supposed to be a house of cards.
And as long as there was “confidence” that it would work, it worked: the financial markets offered cheap no-questions-asked loans to the most profligate governments, and even tiny countries like Cyprus were able to suck up and disperse in record time phenomenal amounts of money.The elites got immensely rich, and even other members of society were able to pick up [...]
Call them the Procrastination Games.
As the Summer Olympics kick off with Friday’s opening ceremonies in London, many Americans may be regretting that they never got around to planning that trip across the Atlantic. But as it turns out, it’s not too late to put together an itinerary and see the world’s premier sporting event. If anything, travel pros say those who procrastinated may find themselves in a better financial position [...]
by Emily Co
Some people may wonder why procrastination advice seems to never work for them and if there is a deeper issue at hand.
Well, for 20 percent of the population who are chronic procrastinators, it is a serious problem that needs to be addressed, according to Joseph Ferrari, a psychology professor at DePaul University and a leading expert in the study of procrastination.
For those 20 percent, telling them to just “do [...]
I think we already knew this one was coming. Retirng without savings AND with debt (or having to rent) is gonna make a poor retirement even worse…
Baby Boomers near 65 with retirements in jeopardy (from 12/28/2010)
“Through a combination of procrastination and bad timing, many Baby Boomers are facing a personal finance disaster just as they’re hoping to retire… Starting in January, more than 10,000 Baby Boomers [...]
I ask myself, “Is this our fate? Is Congress going to allow the dollar to crash, will Congress, through its procrastination, allow the US to lose its greatest advantage — the reserve status of the US dollar? Could this really happen? A collapse of the dollar is too grotesque to even contemplate. Yet I am definitely considering that such an horrendous set of circumstances could occur.
I’ve shown chart after chart [...]