PODCAST: Greek and Spanish protests, 3-D printing buzz
Wednesday, September 26, 2012 - 09:35 Aris Messinis/AFP/Getty Images Demonstrators march on September 26, 2012 in Athens during a 24-hours general strike. Feels like we've seen this before, and yet -- today's angry confrontations and the tens of thousands on the streets in Spain and Greece come at a sensitive time. Spain has signaled it is close to asking for a bailout that will bring some harsh conditions for people used to a big-spending government. And Greece is trying to find a way to adhere to the conditions it has already accepted. New home sales in the U.S. fell a bit in August. But they're still sitting near two-year highs. Prices of new homes hit the highest point in five years. Also new this morning: Applications for mortgages rose last week -- thanks to interest rates plumbing record lows. In recent years Americans have been replacing their knees at an remarkable rate. A new study in the Journal of the American Medical Association finds total knee replacements have more than doubled ...
Will the Government Shrink Your IRA?
President Obama's new budget seeks to limit contributions to retirement accounts when their assets reach $3.4 million. Here's what you need to know.
Obama’s Budget Would Cap Tax-Advantaged Savings
Some of us have worried for decades that when America’s tax-advantaged savings pot got large enough, our perpetually revenue-challenged federal government would raid the nest egg. All that untaxed growth would simply prove irresistible. That day may be at hand. President Obama’s budget, just sent to Congress, proposes to cap tax-advantaged savings across all accounts at $3 million in order to raise $9 billion over 10 years. The proposal is being spun as a way to prevent wealthy private-equity executives from amassing huge IRAs—like Mitt Romney’s, once estimated to be worth as much as $100 million. But it would also curb the savings ability of self-employed professionals like doctors and lawyers. As these business owners reach the cap, and there’s nothing left in it for them, they might shut down or reduce plans that benefit their employees. (MORE: Young Workers with a 401(k) Finally Get Diversified) The cap proposal is a clear play to unlock some of the $10 trillion sitting in ...
Banks used small business funds to pay off bailout
An Obama administration program is under fire, with federal investigators finding that community banks used the government's funds to pay back recession-era bailouts -- instead of lending the money to small businesses as originally intended.
Found more than 1 month ago on channel CNN Money
United States: U.S. Healthcare Reform, Foreign Employers, And Employers Of Foreign Workers - Fisher & Phillips LLP
Since the landmark 2012 U.S. Supreme Court decision in NFIB v. Sebelius, largely upholding President Obama’s Patient Protection and Affordable Care Act, the U.S. government has been moving full-steam ahead on implementation of healthcare reform mandated by the ACA.
Found more than 1 month ago on channel Mondaq