Tarped and Stimulated
The Commerce Department will release the preliminary estimate of third quarter GDP on Thursday and the consensus expectation is for a positive growth rate of 3%. Considering what has been spent on behalf of economic recovery I would sure hope that we get something north of 3%. TARP took roughly 5% of GDP from the private .. read more
On October 25th, 2009,
posted in: Markets by Joseph Y. Calhoun Tags: 3rd quarter gdp, additional stimulus, car czar, extend unemployment benefits, golf cart tax credit, job creation tax credit, more stimulus, new stimulus plans, pay czar, rattner, stimulus plan, TARP
Feinberg Cuts Pay
The Obama administration’s pay czar will order companies with significant government ownership to cut pay: WASHINGTON — Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in federal bailouts, the Obama administration will order the companies that received the most aid to deeply slash the compensation to .. read more
On October 21st, 2009,
posted in: Economy by Joseph Y. Calhoun Tags: kenneth feinberg, pay cuts government owned companies, pay czar
