Detroit's Deal Dilemma Dec 9, 2008
Judd Gregg, R-N.H., who was instrumental in securing $700 billion for financial firms, says he's still "concerned" about committing Uncle Sam's money without clear assurance it will be put to good use and repaid ... There are also restrictions on executive compensation, equity stakes for the government and a provision that Uncle Sam gets repaid first. (Forbes -- Business)
Investor fear drives US Treasury yields to near zero... Dec 8, 2008
Sal Guatieri, economist at BMO Capital Markets, acknowledged that "investors are throwing money at Uncle Sam with the same conviction that they bought houses and dot-com stocks in their heydays.". But he argued that if inflation is quashed and investors retain confidence in the US government, the dangers have not yet hit a boiling point. (The Drudge Report)
Pouring Profits Dec 8, 2008
In England, wine profits are not taxed because the government considers wine a "wasting chattel." Here, however, wine is a collectible, so Uncle Sam guzzles some of your profits. As the economic fall matured with the autumn leaves, wine consultants began acknowledging that wines - like spec mansions in Greenwich, Conn. (San Francisco Chronicle)
Try Incentives, Mr. President Dec 8, 2008
Watch inventors from Google to garages across America trip over themselves to create new products while Uncle Sam leaves them unmolested for half a decade. Offer Emerald Cards to Earth s 6. (Human Events Online)
Get your share of tax relief Dec 8, 2008
Foreclosure, job loss could reduce money you owe Uncle Sam ... Uncle Sam's tax rebates put a smile on many faces earlier this year, but not everyone qualified. (The Clarion-Ledger)
White House has local ties for the holidays Dec 8, 2008
Peter Catalanotto s Holiday Tour Booklet will depict many of the White House decorations during the month, including two 13-foot tall statues of Uncle Sam welcoming visitors to the East Foyer, an antique sleigh carrying a patriotic Santa, plus toys and packages wrapped in red, white and blue; a gingerbread White House featuring miniature replicas of the Bush family pets along with cookies fashioned after the Old Guard Fife and Drum Corps. To see Peter Catalanotto s booklet online, see. (Rio Rancho Observer, NM)
The Foggy Crystal Ball Dec 7, 2008
The CEOs of the Big Three car companies are kneeling before Uncle Sam like Henry in the snows of Canossa. The stock market volatility these days is looking more and more like a death rattle. (Townhall.com)
CITI'S CAPITAL IDEAS Dec 7, 2008
Ailing banks such as Citigroup may need to boost their common equity despite recently nabbing boatloads of cash from Uncle Sam and private investors. At least one Citi official, speaking to sources close to The Post, recently expressed the view that Citi and peer institutions may need to figure out how to raise billions more in capital in order to get comfortable enough to lend in a market nearly frozen by fear. (New York Post -- Business)
Sunday Business Dec 7, 2008
Ailing banks such as Citigroup may need to boost their common equity despite recently nabbing boatloads of cash from Uncle Sam and private investors. At least one Citi official, speaking to. (New York Post -- Business)
Jobs Report Turns Up Volume on Auto Makers' Plea Dec 6, 2008
Uncle Sam reporting we lost more than half a million jobs last month. With revisions in October, that's almost one million jobs the last two months. (Fox News)
Why a Big Three rescue is so hard Dec 6, 2008
Uncle Sam will become a Dutch uncle to budding businesses. Mr. Obama has laid out big plans to use taxpayer money in picking winners in various industries, either by creating new jobs (2. (Yahoo News)
Nicaragua's Ortega defiant after US, Europe yank aid Dec 6, 2008
The Venezuelan leader is now offering to pick up the bill left behind by Uncle Sam. "Comandante President Hugo Chvez told me that if the United States were to cut the Millennium Challenge Account I could tell the people of Nicaragua that we can count on the resources of the Venezuelan people, of ALBA, to continue those programs," Ortega said in his speech. (Christian Science Monitor)
So Will Detroit Get The Money Or Not? Dec 6, 2008
Zandi thinks he has a better solution: Give the Big Three the $34 billion they've requested in two tranches, with restrictions on government compensation and dividend payments and an equity stake in the companies for Uncle Sam. The first payout would satisfy the companies' immediate liquidity needs; the second would be doled out only if the restructuring was going as planned. (Forbes -- Business)
A big, fat "I told you so" from Joe Stiglitz Dec 5, 2008
" she asked, over and over again, unable to fully process the horror.I have an answer to her query, but it is unlikely to satisfy her: We are a country that is supposedly desperately in need of more shoppers. Consumer spending makes up 70 percent of the economy, and consumer spending is undergoing a sharp, economically destabilizing decline. The less we shop, the worse it gets. No shoppers equals declining profits for businesses equals layoffs equals even fewer Americans with the wherewithal to... (Salon)
Mortgage Plan Shows Increased Gov't Role Dec 5, 2008
Plan to lower mortgage rates highlights increased role of Uncle Sam in providing home loans ... If you're looking for a mortgage, Uncle Sam may be the only game in town. (ABC News -- Wire)
Motown Rebound Dec 5, 2008
Why is GM now seeking as much as $18 billion from Uncle Sam, when last month CEO Rick Wagoner indicated that the company would need $10 billion to $12 billion to avoid bankruptcy. Why should taxpayer money be put on the line for Ford (nyse: - - ), if the company thinks it can restructure without tapping into the money. (Forbes -- Business)
Mexico: The Next Disaster Dec 5, 2008
rida initiative, Uncle Sam has committed $1. 4 billion in military hardware to help Mexico battle the cartels. (Forbes -- Business)
Sam: 'Trickle Up' Worth a Try for Auto Industry? Dec 5, 2008
And, there would be no second time around with Uncle Sam. There may be problems with this approach, but have you noticed how wonderfully efficient and effective the government's efforts to bail out the economy with "trickle down" have been so far. (ABC News)
Uncle Sam needs to go shopping. Not us (86) Dec 4, 2008
Letters: Uncle Sam needs to go shopping. Not us - Salon. (Salon)
Crisis Forces About One-in-five Savers To Tap ... Dec 4, 2008
If you take the money now, you'll owe Uncle Sam his fair share on April 15, 2009. Copyright. (Fox News)
Anasazi Downtown goes Hollywood Dec 4, 2008
The show stars Mary McCormack and is about protecting witnesses in Uncle Sam s witness protection program. The multi-story Anasazi got caught up in the federal government s distressed banking program. (New Mexico Business Weekly, NM)
World Cup contenders angle for footholds Dec 3, 2008
North/Central America and Caribbean (CONCACAF) (three berths; fourth-place team faces fifth-place South American team for another spot): Time was when Uncle Sam played second enchilada to Mexico in the region. No more. (Boston Globe -- Sports)
The further adventures of Yacouba Sawadogo Dec 3, 2008
It's time for Uncle Sam to go to the mall. On Sunday, the New York Times' Louis Uchitelle The best guess is that the economy is currently contracting at a rate of 4 percent per quarter. (Salon)
On the Scene Dec 3, 2008
Guests received laminated ID passes that showed Falanrun as Uncle Sam in the classic Uncle Sam Wants You pose, but with a new slogan: For the U in Lubu. . (Honolulu Star-Bulletin)
Vikram Pandit Scores a Great Deal for Citigroup Dec 3, 2008
But judging from what has been made public, Mr. Pandit has shuffled off to Uncle Sam much of the downside in Citigroup s $306 billion portfolio of riskier assets for what looks to be a low insurance premium. One key number, which Mr. Pandit mentioned in an interview on the Charlie Rose show last week, is that the original value of this bundle of assets was $340 billion to $350 billion. (Atlanta Journal-Constitution -- Business)
Read the 'Cost of Freedom' recap Dec 2, 2008
This isn't about workers punching a time clock with Uncle Sam. It's about funneling government money into important, necessary, and to date underfunded public infrastructure improvement that will fuel the economy and create jobs. (Fox News)
No Most want free choice in care Dec 2, 2008
Advocates of single-payer health plans want the U.S. government to be the only entity that pays for health care: With Uncle Sam picking up the tab, proponents predict health-care spending would be reduced, administrative burdens would be eliminated, and doctors would be free to practice as they wish. Do they really believe that adding another major program to the federal government would actually eliminate administrative headaches and make it easier for doctors. (Montana Standard, MT)
Drink In These 5 Top Stocks Dec 2, 2008
The company will announce its approval of some bailout money from Uncle Sam and it will continue to gather new accounts and revenue from its brokerage activities. The mortgage losses are going away slowly but surely. (MSNBC -- Business)
Shopping Season for Uncle Sam Dec 1, 2008
Barron's article preview page - Barrons. Barron's article preview page - Barrons. (Barron's)
Raising wage had unintended results Nov 30, 2008
strong The article asserts that "The Massachusetts economy has become increasingly reliant on Uncle Sam in recent years." ... 8 billion in contracts to Bay State companies in fiscal 2007), it may be more accurate to say that Uncle Sam is becoming more reliant on Massachusetts. (Boston Globe)
$7M FOR PALIN BOOK? MAYBE Nov 30, 2008
" So quips the top editor for one of America's best magazines. This man also projected the idea that editors in chief, good journalists and fair-minded publishers should get in a old jalopy together and go to Washington to press the case that the nation's newspapers and magazines also need a bailout from Congress, specifically because they're so important to the future health and democratic well-being of all of us. As magazines and newspapers die and go under, so dies the oversight of a free... (New York Post -- Gossip)
THE BIG DIVIDE Nov 30, 2008
That's because the walking wounded parade of banks, auto companies and assorted other mismanaged enterprises now on the hook to Uncle Sam for more than a trillion dollars have seen fit all year long to dole out billions in dividend payments to shareholders without batting an eye. Sure, dividends are a justifiable way to return capital to shareholders when there is a cash surplus, but when those businesses are on the brink of bankruptcy, the payout should be zero. (New York Post -- Business)
Reasons Entrepreneurs Have To Be Thankful Nov 29, 2008
There are perhaps a trillion (and growing) reasons to thank Uncle Sam these days, thanks to all that bailout money. Part of Barack Obama's plan includes a "national infrastructure reinvestment bank." Although traditional banks are garnering most of the attention at the moment, look for the president-elect to make good on his promise to give the country's ailing infrastructure--and all the small companies that attend to it--a serious shot in the arm. (Forbes)
Thanks — and hopes Nov 28, 2008
The Times Union apparently took Thanksgiving off, although it did run an intriging cartoon the day before, depicting Uncle Sam with going through a barrel of apples, one of which, marked "Five Million Illiterates," was rotten. What catches the eye are the healthy apples: "Stable industries," "Sound Institutions" and get ready for it "Rosy Future." Some much for the stock market crash the month before. (Albany Times Union)
Uncle Sam's Bipolar Disorder Nov 28, 2008
As cornucopian benefits flow from Washington, Uncle Sam turns out to suffer from Bipolar Bailout Disorder ... So, rather than declare mission accomplished, Uncle Sam has cannon-balled into the mortgage markets to jack up housing prices ... Uncle Sam cannot spend a dollar without first extracting it from taxpayers or lenders, or by printing it in order to spend today the purchasing power that inflation will demolish tomorrow. (Human Events Online)
Solar panels to get second life Nov 27, 2008
TROY Hundreds of solar panels, installed nearly three decades ago to power a hot-water heating system, are being removed this week from the roof of the Uncle Sam Atrium. The panels, which were never hooked up, are going to the Cave House Museum of Mining gy in Howes Cave, Schoharie County. (Albany Times Union)
Thanksgiving Travel Down Nov 27, 2008
So she's using a little help from Uncle Sam. Tara Salsman of Saratoga Springs said, "Our families all live far away...and we just have to get to them for the holidays so we're using stimulus money.". (FOX23 News, NY)
The Big Three Should Stand on Their Own Feet Nov 27, 2008
Location: TX Reply # 2 Date: Nov 26, 2008 - 6:50 PM EST I AGREE JOHN S. This situation of bailing out the automakers reminds me of someone who just won the lottery, Uncle Sam. Suddenly there appears relatives from everywhere with sad stories asking for some of the winnings. (Townhall.com)
START THE PRESSES Nov 27, 2008
One chore high on Ben Bernanke's to-do list was ordering the rebuilding of Uncle Sam's money presses a week ago to make sure they won't break down trying to keep up with the government's new 800 billion relief plan ... The holder, in turn, then swaps his newly gained cash back to Uncle Sam for government IOU's, such as one-year Treasury bills, and the cash goes back into the hands of the Fed to be traded out again in other rounds of similar horse-trading - leveraging the cash many times over ...... (New York Post -- Business)
Here comes Santa Claus...to Halfmoon Nov 26, 2008
The Uncle Sam Chorus added a more sedate brand of music from the inside of a trolley. Long-standing Halfmoon residents the Betts family built their own float as did the Shenendehowa High School robotics team which joined the parade for the first time. (Community News Weekly, NY)
Uncle Sam Pumps Up Citi Nov 26, 2008
U.S. guarantees bank against losses on $300 billion of its riskiest assets and injects another $20 billion in capital. The federal government stepped in Sunday night to bail out Citigroup and restore confidence in the financial system, promising to protect the banking giant against losses on hundreds of billions of dollars worth of troubled assets. (Forbes -- Business)
Mass. firms snaring more US work Nov 25, 2008
The Massachusetts economy has become increasingly reliant on Uncle Sam in recent years. According to the most recent available figures, the federal government awarded $11. (Boston Globe)
Vets on losing side of contractors work Nov 25, 2008
I ve often said veterans aren t looking for freebies from Uncle Sam. Rather, they re looking for what they ve earned by virtue of lacing up a pair of combat boots. (Burlington Union, MA)
Citigroup Bailout Fuels Wall Street Boon Nov 25, 2008
But some analysts say the bailout doesn't go far enough - and that the company will need much more from Uncle Sam. "The $20 billion is about 10 percent of what Citicorp needs to get back to financial health," said Sean Egan of Egan-Jones Ratings Company. (CBS News)
US pumps in $20 bn in Citi Nov 25, 2008
Since Uncle Sam is not pushing through any management changes at Citi, CEO Vikram S Pandit gets to keep his job, at least for now. However, the US government will get $27 billion of preferred stock, paying 8% dividend. (Economic Times)
Liberia: Ghana's Kufuor Receives Highest Honour Nov 25, 2008
Nigeria lost more Soldiers trying to keep Monrovia safe and provided financial support when uncle Sam (U.S),left us in our trouble. Author: fisherperry Tue Nov 25 06:06:40 2008. (allAfrica.com)
Thanksgiving: An economic stimulus? Nov 25, 2008
These bailouts breed more incompetence; since ineffective managers can now conduct business knowing Uncle Sam will bail them out. So far, these bailouts have cost over 1 trillion. (Atmore Advance, AL)
Student's view on Prop. 8 (148) Nov 25, 2008
com wrote on Nov 21, 2008 2:17 PM:" To my dear young friend Will Smith (11/21). As a strong supporter of equal rights for gay people, it would help the cause of equality if you could be more informing in your statements. Your letter uses the phrase civil unions that give gay couples the same legal rights as heterosexual couples. Californias domestic partnerships may be near equal, but they are not the same. Importantly, gay couples, in civil unions or even in state-sanctioned marriages,... (Sonoma Index-Tribune, CA)
Thanks to vets, hope for Obama, and a dart for California's politicians Nov 25, 2008
Hearing that Uncle Sam is bailing out those who got in too deep is so inspiring. Not only is our government teaching this generation that fiscal responsibility is only for those who follow through on paying their bills, but with the automakers now also at the back door, I can't wait to hear who else is going to be allowed to stick it to the taxpayer. (Lodi News Sentinel, CA)
Uncle Sam's 2-step Nov 25, 2008
UNCLE SAM'S 2-STEP - New York Post ... Uncle Sam helped buoy stocks for a second day, sending the Dow Jones industrial average up nearly 400 points by calming jittery investors with a steady diet of rescue news. (New York Post -- Business)
Error and trial Nov 24, 2008
While they are at the top of the food chain, they goof off, are not on top of their game, and when it fails, they go begging to Uncle Sam. We should not put those losers on television and look at them as heroes, but hold them accountable for all their failures. (NJ.com -- Times)
Thanks, America Nov 24, 2008
The unimaginably affluent Uncle Sam is hardly barefoot, recession or not. Our resilience and resourcefulness that made the last boom will make the next one. (Townhall.com)
Parade of Lights hits the streets Friday Nov 24, 2008
The parade lines up at 6 p.m. in the Catskill High School parking lot on W. Main St. and kicks off at 7 p.m. The route will head south on W. Main St., then east on W. Bridge St. over the Uncle Sam Bridge, north onto Main St., and around the bend to Water St. The parade will then roll into the Greene County parking lot on Church St. for a tree lighting and awards ceremony. A 25-foot evergreen will be lit in the corner of the lot, with parking spaces donated by the Bank of Greene County and hot... (Catskill Daily Mail, NY)
The Real McCoys Nov 23, 2008
"He was spotted in more places than anyone could physically be. He was a legend. He was a rock star. He was Robin Hood, the ultimate rags-to-riches story, all the time poking a stick in the eye of Uncle Sam.". "Six feet two, with shoulders like a cargo hatch, slim waist, a voice like a foghorn, lean tanned face and steady eyes," is how Bill's biographer, Frederick Van de Water described him in the late 1920s. (Daytona Beach News Journal)
My bailout: no carpets and no jets Nov 23, 2008
Since everybody's asking for direct help from Uncle Sam these days, it's time to get in line. Newspaper revenues are down, and our industry needs capital to innovate and thrive. (Albany Times Union)
Geithner's Treasury Nov 23, 2008
In recent weeks, a scrum of ailing companies, including General Motors (nyse: - - ), Ford Motor (nyse: - - ) and Chrysler, have descended upon Washington to ask Uncle Sam for money. Some believe that Citigroup (nyse: - - ) and JPMorgan Chase (nyse: - - ), which have already received the Treasury's help, will have to return for more. (Forbes -- Business)
Don't Call A Tow Nov 23, 2008
Uncle Sam could also help persuade banks currently receiving federal aid to assist with providing cash during the companies' restructuring. With too much capacity and not enough demand, the industry has to downsize as it can not support its current workforce. (New York Post -- Business)
Our view: Dropouts Nov 22, 2008
General Motors or Ford going hat in hand to Uncle Sam, whipped to a fare-thee-well by outfits called Honda and Toyota. Predict that in July 1969 at the Ohio Rubber Company in Willoughby, and the old hands would have figured you for one of those college boys on hallucinogens. (Anchorage Daily News)
Should the government bail out automakers, too? Nov 22, 2008
Sure, part of me would rather see them go bankrupt than hit up Uncle Sam for a loan, but the likelihood of the Big Three rising from those ashes is slim. Meanwhile, the government that would be you and me will wind up with retirees pension and health care obligations anyway. (Atlanta Journal-Constitution -- Opinion)
Our Opinion: An escalating problem Nov 22, 2008
Scrooge wrote on Nov 21, 2008 1:52 PM:" I told you once before about the pot-puffin' hippies putting the ugly on town and then going down to pick up a food box. If you don't like your local scene, you can always check out http://www.charitynavigator.org/ to find another way to give it away. I know, the salaries listed there in 6 figures are discouraging but Uncle Sam wouldn't do any worse if the IRS takes it from you. ". TERMS OF USE. (Ontario Argus Observer, OR)
COLUMN: 'Food security' term sits sourly on an empty tummy Nov 21, 2008
Uncle Sam did, by the way, rewrite its definitions a couple of years ago, the AP reported, and this same group was categorized as having food insecurity with hunger. Let s think of these stats with real humanity, shall we, instead of cold numbers and buried-in-the-dictionary terms. (Mattoon Journal-Gazette, IL)
Halfmoon Christmas parade this Saturday Nov 21, 2008
Musical accompaniment for the parade participants will be provided by the Uncle Sam Chorus and Bobby Dick and the Sundowners ... The Uncle Sam Chorus has been a fixture in the parade since its inception. (Community News Weekly, NY)
Samsung starts mass production of 256GB solid state disk drives Nov 21, 2008
November 20, 2008 4:55 PM PST. Samsung starts mass production of 256GB SSDs. (CNET News)
Rescue automakers, not unions Nov 21, 2008
Don't be taken in, either, by talk that Uncle Sam made a profit on the taxpayer rescue of Chrysler in the 1970s. True, but labor underwent some very painful restructuring then that the UAW has shown no appetite for this time around. (The Augusta Chronicle)
Our View: When bankers go on welfare Nov 21, 2008
They're not, and we can thank Uncle Sam. It's no mystery why the lending industry won't lend: Bankers have gone on welfare. (Appeal Democrat, CA)