US Reaches the Debt Ceiling, So What Do We Do Now?

The government officially has reached the $14.29 TRILLION debt limit last week. However, the US Treasury has taken steps to keep the country afloat until August. Since a federal law prohibits the federal deficit from exceeding $14.29 trillion, the federal government is now operating on IOUs while the 112th Congress continues to debate whether to raise the debt ceiling. As occurred in both 1996

World Financial Market Update

Coal Mine Safety Recent accidents and death in mining projects will put pressure on government to increase scrutiny and improve security measures in mining operations. The most recently reported coal operation disaster killed 25 miners at a Massey Energy (MEE) mine in West Virginia this week. Another major disaster occurred in China just days before the Massey incident that cost 32 lives. There

Financial Shape of America

The Wall Street Journal, USA Today, and Parenting magazine have released shocking statistics on the financial shape of most Americans: about 70% live paycheck to paycheck, about 50% couldn’t cover one month’s expenses if they were laid off, and 44% systematically prepare for retirement by investing. According to USA Today, only 3 out of 100 people age 65 are financially secure; 97 of them can’t