Stock tips from Obama and Romney
Barack Obama and Mitt Romney dole out a lot of stock tips—just not in their stump speeches. Research shows that the stocks of the winning candidate’s biggest corporate donors tend to get a postelection boost.
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Congressional Inaction Could Cost College Students
WASHINGTON — Congressional inaction could end up costing college students an extra $5,000 on their new loans. The rate for subsidized Stafford loans is set to increase from 3.4 percent to 6.8 percent on July 1, just as millions of new college students start signing up for fall courses. The difference between the two rates adds up to $6 billion. Just a year ago, lawmakers faced a similar deadline and dodged the rate increase amid the heated presidential campaign between President Barack Obama and Republican challenger Mitt Romney. But that was with the White House up for grabs and before Washington was consumed by budget standoffs that now seem routine. “What is definitely clear, this time around, there doesn’t seem to be as much outcry,” said Justin Draeger, president of the National Association of Student Financial Aid Administrators. “We’re advising our members to tell students that the interest rates are going to double on new student loans, to 6.8 percent.” (MORE: Schools ...
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Obama Stands His Ground on Fiscal Debates
WASHINGTON — President Barack Obama devoted one word — “deficit” — to the issue that brought Washington to the brink of fiscal crises time and again during his first term. But it was the paragraph that followed in his inaugural address that foreshadowed what’s to come — more hard bargaining and more last-minute deals driven by Obama’s own conviction that he now wields an upper hand. “We must make the hard choices to reduce the cost of health care and the size of our deficit. But we reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future,” he said. “The commitments we make to each other — through Medicare, and Medicaid, and Social Security — these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great.” This was the language of his re-election campaign. And while ...
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Romney rejoins Marriott board of directors
Former U.S. Republican presidential candidate Mitt Romney on Monday joined the board of U.S. hotel company Marriott International Inc., in one of his first public moves since his unsuccessful bid to unseat Democratic President Barack Obama.
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Found more than 1 month ago on channel
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Obama, Romney to meet at White House Thursday
WASHINGTON -- President Barack Obama will host his former political rival Mitt Romney for a private lunch at the White House Thursday, their first meeting since the election....
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Will Obama Make Wall Street Pay for its Support of Romney?
In 2008, Wall Streeters invested millions in Barack Obama’s campaign. Many of these big donors were thus a little miffed when Obama, as President, derided Wall Streeters as “fat cats” and, to add injury to insult, threw his support behind the Dodd-Frank bill, much hated in the financial sector it was designed to reform. This time around, Wall Streeters turned against Obama, sending an even bigger torrent of cash Mitt Romney‘s way. That didn’t quite work out as planned. “It’s a zero-percent return,” one Republican donor complained to New York magazine on the cold Wednesday after Obama’s victory. Having turned on Obama, can Wall Streeters now expect the President to turn on them? Will he seek some sort of retribution against those who helped to fill Romney’s overflowing coffers? (MORE: Did that $6 Billion in Campaign Spending at Least Help the Economy?) Signs point to “no.” True, with Romney out of the way, Wall Streeters will have to give up their hopes of Dodd-Frank ...
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