Posts Tagged ‘house’

Debt ceiling resolution market rally?

August 1st, 2011 | No Comments

Love an inopportune headline. The message is obvious. Due to the inferred agreement between the House and Senate, the debt ceiling has been raised, ending the speculation that the United States might default on its loans. Only problem is, the rally didn’t last, so the headline looks kinda stupid.  And, it was from the onset [...]

Congress goes where no Congress has gone before

September 15th, 2009 | 2 Comments

It’s reached an all-time low. The House of Representatives, on the heels of an impassioned and lively debate, voted Tuesday to formally admonish Rep. Joe Wilson, R-S.C., for accusing the president of lying during a joint session of Congress a week ago. The vote was 240-179. Five lawmakers voted “present.” Here’s what they voted on: [...]

AFL-CIO’s tax policy

September 3rd, 2009 | No Comments

Here’s the story: The AFL-CIO labor union has a new tax in mind. Specifically, the union wants to apply a small tax — a tenth of 1 percent — on every stock transaction. The tax would especially target firms that use so-called high-frequency trading, which uses technology to oversee many transactions in the blink of [...]