Word: saves
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...headed down a slippery slope with Congress? "Give them an inch, they'll take a mile - there's concern about that," Bolling says. "There's no question the Congressmen will take it as far as they can. This is a platform for them. This is, 'I am here to save the American public from these big, bad pharmaceutical companies.' " (Waxman says he does not support a full...
...problem in Europe may be even more acute. Even the top tier companies like SAP (SAP) and Siemens (SI) are pushing people out the door to save money. (Read: Is Protectionism Returning to Europe...
...sectors, no one has come up with a key to the lock of consumer spending contraction. The idea that building out infrastructure will do that is probably flawed. The process may create jobs, but that will take a long time. And, those with new employment are more likely to save this wages than spend them. At least that is what recent data show...
...problem is to given people extremely enticing reasons to spend money. Whether that is done though tax credits or access to inexpensive credit, governments have to move into the difficult role of building a system to create a series of incentives that make spending money more attractive than saving it. That is nearly impossible because it would certainly involve giving people a dollar to save for every dollar they spend...
Last week President Obama joined the chorus of outrage at the $18.2 billion in Wall Street bonus bucks, wondering just what these guys were thinking after a year in which the Federal Government had to put up $770 billion to save their custom-suit-wearing butts. The answer is that they were thinking about the same thing they always think about: more. Wall Streeters follow the Principle of More. I want more than I made last year; I want more than you made; I want more stock; I want more toys. And don't we all? It's just that...