Get updates from Elizabeth Macdonald
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Illinois to Spend More on Pensions Than on Education
Published August 06, 2012
The state of Illinois faces at least $83 billion in unfunded liability between its five pension systems, and is on track to spend more on its government pensions than on education by 2016, a new study released by Governor Pat Quinn’s office says.
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Plunge in Facebook Shares Has California Seeing Red
Published August 02, 2012
California is now scrambling because it got hypnotized and overstated by a factor of nearly 50% the amount of capital gains tax revenue that it thought was coming in from the Facebook IPO.
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Health-Reform Battle Over Contraception Heats Up
Published August 01, 2012
Under the new health care law, businesses and insurers must cover a range of women's health services, including birth control and abortifacients, without co-pays or deductibles. But that’s got religious objectors in an uproar, including the Roman Catholic church and owners of private businesses.
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Fire Government Workers Who Don't Pay 'Fair Share'
Published July 31, 2012
For all the White House talk about how you must pay your “fair share” in taxes to help pay down the $15 trillion deficit, at a time when Americans are struggling to find work, have you seen how many federal workers aren’t paying federal taxes at all?
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Ignore It: Study Says Canada Net Worth Higher Than U.S.
Published July 18, 2012
EMac: A new study claims the net worth of Canadians is now higher than that of Americans, but it's impenetrably absurd, as are the pundits touting it.
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What if Libor Manipulation Helped Save Homeowners?
Published July 18, 2012
Did the banks alleged rate rigging help millions of homeowners avoid defaulting on their mortgages, and keep them in their homes?
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Banks Fight Big Rate-Rigging Case
Published July 17, 2012
Banks argue that while Libor may have indeed been manipulated, they didn’t collude in driving it down.
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Citi Raises Chance of Dividend Hike
Published July 16, 2012
The bank is still pressing ahead on raising its quarterly one-cent dividend and a possible stock buyback rejected by the Federal Reserve earlier this year.
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Why Small-Business Owners Feel Besieged
Published July 10, 2012
Small-business confidence plunged, even before the president announced his new plan to raise taxes on these job creators.
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Big Labor, Big Spending: Part 2
Published July 05, 2012
Besides the millions big labor spent buying luxury resorts, country clubs or Learjets, unions are also spending tax-free funds on conferences at lavish hotels and resorts.
