Elaine’s Place

I don’t have a lot of faith in Wall Street anymore but I sure as hell hope this prediction pans out! Our investments and retirement plans went down the toilet in 2008 like most everyone else. NEW YORK (Reuters) – Wall Street is betting a new U.S. president and a fresh stimulus package will prod [...]

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I’m sorry it’s taken me so long to update my blog. While away for Christmas I had very little computer time and didn’t want to waste a minute with Cora’s first Christmas. What a joy it was to see a little one again, her eyes light up with wonderment and excitement on Christmas morning. Needless [...]

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This is something that most of us that do have health insurance haven’t given much thought to …. and should, as it effects all of us. An increasing number of unemployed and uninsured Americans are seeking treatment in hospital emergency departments, causing overcrowding that could make it difficult for the centers to handle such medical [...]

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Is it asking too much for a clean debate tonight? We’re all tired of the BS Sarah Palin has been peddling since the weekend accusing Barak Obama of being a terrorist. Do you think we’re all that damn stupid? Obama was 8 years old when Bill Ayers was an angry young man back in the [...]

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Starting today at noon EST a 13 minute documentary  on John McCain’s role in the Keating Five scandal. The video will be hosted at keatingeconomics.com. The current economic crisis demands that we understand John McCain’s attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than [...]

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Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation. -John McCain Source: I about spit out a mouth full of coffee when I read that this morning.  [...]

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The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, its highest in more than 4-1/2 years, as employers cut payrolls for an eighth straight month and labor markets showed signs of accelerating decline. The Labor Department said 84,000 jobs were lost in August, significantly higher than the 75,000 that economists surveyed by [...]

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Listening to CNN News this morning there was a segment on the troubled banking industry. They gave a web site to check your banks rating. With a few clicks I had a nice report on my local bank. When you get to the page,  search by options – I put in state, that seemed the [...]

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The bumpy ride is expected to continue according to Federal Reserve Chairman Ben Bernanke. Well I think the American people have already figured that out for themselves Mr. Bernanke. NEW YORK (CNNMoney.com) — The housing finance crisis and spiraling energy costs will remain a drag on the U.S. economy for the rest of the year, [...]

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Hold on to your hats, Monday looks to be a wild day on Wall Street.  Like many Americans my husband and I watch our investments dwindle. From IRA’s, 401K, mutual funds, and stocks down it goes. Our investments are not risky, we’re at the age where we can’t afford to be risky.  But what the [...]

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