The U.S. will have a mid-term election later this year, but anyone that follows politics will tell you that it really has already begun. Various politicians have essentially already started to campaign, including the President. Generally, the party in power (in this case, the Democratic Party) tends to lose some Senate and House seats during [...]
After months of debate and negotiations, the financial reform bill that President Obama and the Democrats really wanted to put in place is now completed and will go through the House and Senate before the President will sign it in to law. Their goal is to have the President do that by the 4th of [...]
On Thursday, U.S. President Obama announced his vision for NASA for the next 25+ years. His plan includes the development of a spacecraft capable of sending astronauts in to deep space and landing on an asteroid and eventually on Mars. This is very exciting and although it is many years away, it will be interesting to [...]
On Wednesday, President Obama announced plans to allow a few more areas in the offshore US waters to be open for drilling for oil and natural gas. This move may be surprising to some as this is a President that was supposed to be all about clean and renewable energy but, if you really listened to [...]
Today, the United States Congress will vote on a massive, $940 Billion health care bill that could change the way the US health care system looks and operates. This bill has been over a year in the making by President Obama and most Democrats. Although this bill is a watered down version of what the [...]
Breaking news out of Pakistan just now is that a US drone attack has killed a high ranking Al Qaeda member named Hussein al-Yemeni. How does this relate to business? Well, it shows that President Obama is doing a fairly good job on this front. This is not the first such instance of a top terrorist member [...]
Since President Obama announced his health care plan and every subsequent serious discussion he has had about it since then, the market dipped led by the pharmaceutical industry. Also, since he announced his plan to reform the banks and place a levee or tax on them, the market sank led by the banking sector. Why is this? I [...]
US President Obama announced Thursday his idea for limiting what banks can do in an effort to prevent the wild risk taking that resulted in the financial crisis and ultimately this recession from happening again in the future. The new proposed rules would take away the ability for banks and financial institutions that own banks from [...]
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