Money factoring essentially makes it possible for banks to borrow a multiple of their on-hand assets from the Federal Reserve, a private enterprise that most people errantly assume is owned by the United States Government. When a bank has a million dollars on hand, it can make loans of about 10 million dollars, backed by the Federal Reserve. ...
Over the last few weeks, it seems that as a nation we have been overly occupied with the so-called "wardrobe malfunction" during the Superbowl half-time show. We can all be enticed by a scandal every now and then, but this one has gone too far. Was it really that big of a deal? I think there are ...
It was over two hundred years ago that the Democratic Party's founding fathers decided that a stable government must be built. In 1792 Thomas Jefferson founded the Democratic Party, and he was the first democratic president of the United States in 1800. Jefferson served two terms, and James Madison...
(Mitchell) To stimulate the economy Washington needs to take a "Free Market" approach to the federal budget. ... Alan Greenspan, Chairman of the Federal Reserve said, "A vote for a trigger today is a vote for tax increases tomorrow". ...
As the Financial Standards Accounting Board (FASB) prepares its proposal on mandatory expensing of employee stock options, it's time to revisit the question of if -- and how -- stock options should be expensed. Of particular importance is to look at the long-term implications of the decision at hand...
