Tag Archives: Economy
12-Year-Old Philanthropist Saves House from Foreclosure
The cost of home renovations brought a Wisconsin woman perilously close to eviction, until her twelve-year-old grandson stepped in. “I wasn’t even sure I was going to make it,” Noah Lamaide said of his fundraising effort. The budding philanthropist raised … Continue reading
Filed under Cheers!, The Best Thing on the Net Today
Facebook Files $5 Billion IPO
Facebook files to raise $5 billion in an initial public offering of stock. In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million daily active users. The majority of Facebook’s revenue … Continue reading
Filed under Business, Technology
IRS Audits Targeting Millionaires
The tax collector likely won’t be knocking at your door if you make less than $1 million. In 2011, the U.S. Internal Revenue Service audited 12.48% of people who made upwards of $1 million, according to data the agency released … Continue reading
Rush Limbaugh: Poor Kids Shouldn’t Get Fed in School
The School Meal Program feeds millions of kids every year. Statistics show that kids who are hungry don’t learn as well. They have a hard time concentrating because their stomachs are screaming for food. According to Rush Limbaugh, poor children … Continue reading
Filed under Education, Family, Stupid Is As Stupid Does
S&P to Review Eurozone Countries for Possible Downgrade
Standard & Poor’s said Monday that it placed fifteen members of the euro currency union on review for a possible downgrade as the debt crisis in the eurozone worsens. The blanket warning applies to AAA-rated nations such as Germany, France, … Continue reading
Stock Markets Soar after Central Banks Announce Investment Plan
Stock markets soared today after the U.S. Federal Reserve and other central banks announced a plan to make it cheaper for banks around the world to borrow U.S. dollars. The aim was to not only lower the cost of short-term … Continue reading
Are We in an Education Bubble?
Since the late 1970s, costs at four-year colleges have risen three times as fast as inflation. With savings rates dropping and state aid to colleges being cut, students have been forced to take on more debt to pay for school. … Continue reading
Filed under Uncategorized
Silvio Berlusconi Resigns
Silvio Berlusconi officially resigned as Italy’s prime minister today. Berlusconi’s resignation comes after Italy’s lower chamber on Saturday approved a series of austerity measures, a move to shore up confidence in the country’s economy. The package, which includes spending cuts … Continue reading
Filed under World
