Politics

The Obama administration has proposed an overhaul to the U.S. corporate tax code which would lower the maximum rate paid by corporations while also eliminating a myriad of loopholes used to lower individual businesses' tax bills. The plan would lower the top income-tax rate for corporations from 35...

I have previously commented on a growing hunger in the American socio-political consciousness for the emergence of new political parties. On Feb. 12, 2012, I noted that "the current nebulousness of political ideology only adds confusion to the political process and makes economic issues that much...

Thanks in no small part to concerns that Iran will seriously reduce amount of oil sent to Europe, oil prices are at the highest levels since May. According to the Washington Post, Iran made the announcement over the weekend sales of oil to Britain and France will stop in retaliation to an oil...

According to a report from Fortune magazine, Lloyd Blankfein could be stepping down from his position of chief executive of Goldman Sachs Group (NYSE: GS) by this summer. It's still unknown whether or not Llyod Blankfien actually wants to leave his perch at the top of Wall Street or whether he is...

It may be time to reevaluate retirement in the US.The Associated Press' John Rogers had an interesting article Monday on the prospect of retirement for baby boomers. Rogers discussed the plight of baby boomers struggling to make their way in dire and precarious economic times. In light of...

Greece will be breathing a little easier on Tuesday morning, after managing to win a second bailout. With European governments wrangling concessions from private investors, they were also able to tap into European Central Bank profits as they looked to shield Europe from a default that would have...

Greece and finance ministers from the other 16 euro zone countries agreed to terms for Greece to receive a 130 billion euro ($172 billion) aid package that they hope will help Greece to avoid a default on its burdensome debt. Although the latest deal between Greece and the finance ministers is...

Prolonged talks between Greece and its lenders have finally produced an agreement in which Greece will its second bailout. The numbers coming out of the talks' chambers are €130 billion and 121 percent. €130 billion is how much the second round of funding Greece will take to help meet its funding...

Standard and Poor's affirmed its AA- rating for Japan, while maintaining a negative outlook for the country. The credit rating agency also warned that Japan could be downgraded if its public debt continued climbing higher or if the Japanese economy grows more slowly than expected. One of the...

Whereas Ayn Rand viewed capitalism as an historical plateau for human civilization, Karl Marx viewed capitalism as inherently flawed and merely a temporary period in history. Unfortunately, owing to the fates of the USSR, Cuba, and China, much of Marx's original ideas have been skewed in light of...