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Friday January 30th 2015

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Fiscal Cliff – Google News

One Month in, 2015 Already Looks Like Trouble for the Markets – The Fiscal Times


One Month in, 2015 Already Looks Like Trouble for the Markets
The Fiscal Times
In 2012 and 2013, the market uptrend rose out of the ashes of the fiscal cliff scare and relief over the results of the last Greek election, with plenty of help from global central bankers who locked arms and unleashed a wave of stimulus. ECB chief

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Posted on 30 January 2015 | 4:35 pm

Quartz Daily Brief—Americas edition—Euro zone deflation, Honda’s recall pain … – Quartz


Quartz Daily Brief—Americas edition—Euro zone deflation, Honda's recall pain
Quartz
Eli Lilly investors will want to see the company recovering from its “patent cliff.” … The Japanese auto maker's fiscal third-quarter net profit fell 15.1% from a year earlier (paywall) to 136.5 billion yen ($1.2 billion), despite a rise in revenue

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Posted on 30 January 2015 | 3:28 pm

Here’s Why The Dollar Is So Strong And What It Means For Investors – Business Insider


Here's Why The Dollar Is So Strong And What It Means For Investors
Business Insider
The measures that the United States has taken—in some cases painfully—to reduce the deficit by cutting spending (remember the sequester) and increasing taxes (remember the fiscal cliff) have reduced the U.S. federal deficit from as high as 11% of

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Posted on 30 January 2015 | 12:55 pm

Report on state parks urges fundamental changes – Santa Rosa Press Democrat


Santa Rosa Press Democrat

Report on state parks urges fundamental changes
Santa Rosa Press Democrat
State Sen. Mike McGuire, D-Healdsburg, said he supports the Parks Forward recommendations. At the same time, he said the state needs to immediately address the “fiscal cliff” the parks system faces in two years when reserves are projected to run dry.

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Posted on 30 January 2015 | 4:41 am

Defense Cuts Are a Bipartisan Disgrace – Commentary Magazine


Defense Cuts Are a Bipartisan Disgrace
Commentary Magazine
The result: As Politico notes, the Pentagon is once again approaching a fiscal cliff. Mind you, this is happening as the global security situation is getting worse: Islamist extremists are making major gains from Nigeria to Syria, countries from Libya

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Posted on 29 January 2015 | 4:31 pm

Fed tilts a little hawkish Or maybe dovish TPG sues former spokesman Fiscal … – Politico


Fed tilts a little hawkish Or maybe dovish TPG sues former spokesman Fiscal
Politico
The administration and the new Republican-controlled Congress are creating another budgetary cliff on defense spending, forcing the military to face across-the-board cuts if Pentagon spending busts the caps that are already law … The sequestration cap

Posted on 29 January 2015 | 1:10 pm

The Pentagon’s new fiscal cliff – Politico


Politico

The Pentagon's new fiscal cliff
Politico
“And yet, here we go again: If we in Congress do not act, sequestration will return in full in fiscal year 2016, setting our military on a far more dangerous course.” In past years, the budget battles have pit the Republican House against the
Obama's Budget: Why won't president fix what needs fixing (hint: Social Fox News
Why Spending Is Back in Season in WashingtonNew York Times
Obama bid to end 'sequestration' spending limits divides RepublicansLos Angeles Times
Defense One
all 873 news articles »

Posted on 28 January 2015 | 11:57 pm

Ghana to hit fiscal cliff as Central Bank financing of gov’t debt rises – Ghana Business News


Ghana to hit fiscal cliff as Central Bank financing of gov't debt rises
Ghana Business News
Bank of Ghana On January 7, 2015, the Bank of Ghana (BoG) announced plans to raise GH₵25.42 ($8 billion) by first half 2015 through the issuance of Bills of various short and medium term maturities to support government expenditures. The proposed …

Posted on 28 January 2015 | 8:09 am

Finance director on state fiscal outlook: ‘fall off cliff or build ramp’ – Alaska Dispatch News


Finance director on state fiscal outlook: 'fall off cliff or build ramp'
Alaska Dispatch News
The governor proposed cutting more than $555 million from the budget, compared to the last fiscal year. The exact percentage to be cut varies depending upon the category of funds, but it is a 6.5 percent decline in general funds that are not part of

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Posted on 24 January 2015 | 8:11 pm

MoDOT chief lays out plan for coming fiscal cliff – STLtoday.com


MoDOT chief lays out plan for coming fiscal cliff
STLtoday.com
St. Louis-area drivers could experience a bumpier commute on Lindbergh and Olive boulevards in the coming years if a proposal to cope with declining transportation revenue is adopted. That proposal, presented Wednesday to the Missouri Highways and …

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Posted on 15 January 2015 | 2:17 pm

Fiscal Cliff – Yahoo News Search Results

One Month in, 2015 Already Looks Like Trouble for Markets

With the first month of the new year coming to a close, it's clear that 2015 is shaping up to be quite different from the smooth, easy climb investors enjoyed in 2013 and 2014.

Posted on 30 January 2015 | 3:31 pm

One Month in, 2015 Already Looks Like Trouble for the Markets

As recently as late December, the market optimism seemed indefatigable as stocks powered to new record highs on hopes for new stimulus from the European Central Bank, solid U.S. economic data and a strengthening tailwind to consumer spending from the collapse of energy prices. Investors feel left out in the cold by Fed Chair Janet Yellen’s emphasizing economic fundamentals over market sentiment …

Posted on 30 January 2015 | 2:00 pm

A Greek tragedy of Olympic proportions

How did Greece end up in such a mess?

Posted on 25 January 2015 | 10:57 am

The 15 Most Expensive Tax Breaks

There's talk in Washington of limiting tax expenditures to raise revenue or to lower tax rates. Here's where the money is.

Posted on 20 January 2015 | 9:48 pm

MoDOT chief lays out plan for coming fiscal cliff

Beginning in 2017 when budget shrinks, only "primary" roads such as interstates will be kept in good condition.

Posted on 14 January 2015 | 10:44 pm

Proposed Contract with Firefighters a Fiscal Suicide Pact?

Proving that city management officials have learned nothing from the city's experiences in the Great Recession, Sacramento city manager John Shirey is asking the city council to approve

Posted on 8 January 2015 | 3:40 pm

3 Reasons to Get a Head Start on Your Taxes

During the past two years, the fiscal cliff and the affordable care act delayed the onset of tax filing season until the end of January, but not this year. The Internal Revenue Service will begin accepting tax returns electronically and processing paper tax returns on Jan. 20. The ACA, which requires all individuals to have health insurance, will affect most people’s 2014 taxes and refund, which …

Posted on 7 January 2015 | 5:54 pm

Scientist calculates economic impact of gas tax increase for Iowans

No one wants to pay more at the pump, but a possible increase in the state gas tax may not cost as much as some Iowans think. Dave Swenson, an associate scientist in economics at Iowa State University, calculated the average cost of a 10-cent increase, based on miles traveled and gas mileage.

Posted on 7 January 2015 | 12:16 pm

Sonic Achieves Strong First Quarter Results

Posted on 6 January 2015 | 9:12 pm

Gohmert to challenge Boehner for Speaker of the House

House Speaker John Boehner of Ohio addresses reporters on the fiscal cliff negotiations on Capitol Hill in Washington, Wednesday, Dec. 19, 2012. Boehner says President Barack Obama should support a Republican plan to avoid January tax increases on everyone but those earning over 1 million.

Posted on 5 January 2015 | 10:17 am