» News

No matter how large a bank is, it can easily fail if it is not properly managed and regulated. The average CEO income for the largest banks is $28.8 million. While ordinary people feel that this amount of money is too much, the banking world finds that it is a reasonable amount. It is easy to see why Bernie Madoff and others were able to swindle millions of dollars from their clients and increase their own pockets. With bailouts and a crippling recession, many banks have failed. Small banks that have been around for 100 years have failed. Even larger banks have failed. So this makes us wonder, is your bank too big to fail?

Tax payers are going to see a significant hit on their taxes in 2013. Not only are we paying for the new healthcare program, coined “ObamaCare”, the new minimum wage rates are another new tax. What tax payers do not realize is with the new minimum wage increasing, companies will increase their prices. Customers will pay more in total costs and other taxes will soon come down the line.

The federal minimum wage is $7.25 per hour. This rate is higher in some states based on cost of living expenses. Individuals searching for jobs can find a minimum-wage paying job and can take home at least $1160 a month before taxes. This is a… » Read more

If you are a collector of the penny, you may be out of luck soon. There have been numerous attempts to stop the production of the penny. Now, recently the U.S. Mint released a report showing that it costs 2.4 cents to produce the penny. Why are we continuing to produce something that costs more than it is worth? This is the question that President Obama would like to hear an answer to. He recently stated: “We have been trying to eliminate the penny for quite some time — it always comes back,” Obama said during a 2008 campaign appearance. “I need to find out who is lobbying to keep the penny.”

Canada chose… » Read more