In societies governed by persuasion, politics is mostly talk, so liberals’ impoverishment of their vocabulary matters. Having damaged liberalism’s reputation, they call themselves progressives. Having made the federal government’s pretensions absurd, they have resurrected a supposed synonym for the government, the “federal family.” Having made federal spending suspect, they advocate “investments” — for “job creation,” a euphemism for stimulus, another word they have made toxic. Read full article > >

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Our floundering ‘federal family’

In societies governed by persuasion, politics is mostly talk, so liberals’ impoverishment of their vocabulary matters. Having damaged liberalism’s reputation, they call themselves progressives. Having made the federal government’s pretensions absurd, they have resurrected a supposed synonym for the government, the “federal family.” Having made federal spending suspect, they advocate “investments” — for “job creation,” a euphemism for stimulus, another word they have made toxic. Read full article > >

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Our floundering ‘federal family’

President Obama is preparing to roll out a jobs program Thursday that could cost as much as $300 billion in infrastructure investments and tax cuts, but which aides said will include ways to pay for the programs that the White House hopes will win bipartisan support from skeptical Republicans. Obama, whose approval ratings are at record lows, will present his proposals before a joint session of Congress at 7 p.m. ET Thursday in an address that could mark a critical moment in his presidency. Obama aims to restore public confidence in his administration’s ability to boost the economy and prevent another recession, even as Republican rivals point to a Labor Department report that showed no new jobs created last month as evidence that his policies aren’t working. Read full article > >

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Obama jobs plan could cost $300 billion, include tax cuts, new spending

The index-linked bond – which gives savers protection against inflation – is pulled from sale by National Savings and Investments.

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NS&I pulls inflation-linked bonds

Saab Automobile and two subsidiaries filed for “voluntary reorganization” to buy time until planned investments from Chinese companies materialize.

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Saab Files for Bankruptcy Protection

Failed to disclose investments in Details piece.

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Kutcher’s Article May Be Illegal

BEIJING — Following another day of turmoil in world financial markets, Vice President Biden sought to assure China, America’s largest foreign creditor, that its investments in U.S. Treasury securities were safe. “U.S. Treasurys — we’re going to take care of very closely, not merely because China owns 8 percent of them, but because the Americans own 85 percent of them,” Biden told Chinese Premier Wen Jiabao during a Friday afternoon meeting at Zhongnanhai, the main leadership compound in central Beijing. Read full article > >

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Biden assures China on its U.S. investments

While the majority status and chairman’s gavels may have changed hands, the “people’s” House is still run by millionaires. House Speaker John A. Boehner (R-Ohio) and House Majority Eric I. Cantor (R-Va.) , the GOP leaders who rode to power on the grassroots wave of tea-party activists, are multi-millionaires with financial investments in some of the nation’s largest corporations. Boehner had minimum financial holdings of $2 million at the end of 2010, while his top deputy was worth at least $3.4 million, according to financial disclosure forms that were released Wednesday. Their true net worth is likely to be far greater because lawmakers are only required to reveal a broad range of their financial holdings and the value of their primary residences is not mandatory in the disclosures. And, as is the case with Cantor’s wife, Diana, spouses are required to reveal the stocks and other assets they hold at the end of the year, not their annual income from the jobs they hold. Read full article > >

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Reps. Boehner, Cantor continue millionaires reign over House

Regulators took new steps Wednesday to overhaul the firms whose rosy credit ratings inspired overconfidence in investments tied to toxic mortgages . The Securities and Exchange Commission proposed rules meant to improve the system by which such firms as Moody’s and Standard & Poor’s assign ratings. Some of the proposals are intended to address conflicts of interest that could undermine the objectivity of the ratings. Read full article > >

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SEC proposes new rules for ratings firms

I hope Donald Trump, the pompous host of “Celebrity Apprentice” runs for president because then we’ll get a certified look at his income, investments and debts.

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Trump for president? He won’t even get that far.

Norwich and Peterborough building society is fined £1.4m for mis-selling high-risk investments to 3,200 customers.

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Building society given £1.4m fine

Firm misled clients, Congress about investments in securities tied to mortgages, panel chairman says.

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Goldman Sachs under renewed fire

Paul Ryan’s new fiscal blueprint doesn’t balance the budget until sometime between 2030 and 2040, and racks up more than $14 trillion in new debt by then. By Ryan’s own reckoning, his plan adds $5.7 trillion to the debt in the next decade alone, while more than tripling interest payments, from $212 billion this year to nearly $700 billion in 2021. The only way such a profligate plan can be called “fiscally conservative” is by comparison to Barack Obama’s budget, which never comes close to balance and loads on more debt even faster. Meanwhile, both the House budget chairman and the president shortchange needed investments in America’s future. The question sane citizens should ask in the face of these dueling disappointments is: Why are these the only choices?

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Ryan vs. Obama — Is that all there is?

America’s fat cats are convinced a million dollars won’t get them very far these days, according to a survey conducted by Fidelity Investments. The investment firm found that roughly 42 percent of more than 1,000 millionaires surveyed do not consider…

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U.S. Millionaires Don’t Feel Rich

Italy finds itself pulled between its commitment to NATO and human rights and its scramble to protect its investments in a country that has once again become a pariah.

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Libya’s Unrest Risks Major Economic Toll for Italy