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According to a study, since the recession began in 2007-2009 there are still almost ten million more people in the United States in poverty. The bad news is that the number is expected to go up because of the slow pace of the recovery. In 2006, there were thirty six point five million people living [...]

With Hanukkah and Christmas swiftly approaching, I decided to trash some old economic principles while presenting one that if adopted, could dramatically improve the economy and people’s quality of life. To begin, I head back to my university days where there were many dubious but accepted wisdoms that young minds had to learn and regurgitate. [...]

Over the past few years, the portfolio managers and analysts here at Contra the Heard have had their hands full researching, reviewing, and placing our respective bets. Although we could complain, it’s true that we also enjoy the work as it speaks to the opportunities at hand. Needless to say, during the peak of the [...]

Amgen, Inc. shares (AMGN) got a nice boost this morning after the biotech company’s officials announced today that they plan to buy back up to $5 billion of Amgen stock. The California company announced it the Amgen share buyback will be occur in the $54 to $60 per share range in a modified Dutch auction [...]

In seventy-five percent of the cities in the United States, unemployment numbers has fallen in September, 2011. From August to September, the unemployment rates have fallen in two hundred eighty large metro areas. Since April, 2011, that is the largest number of cites to see a decrease. Employers across the nation have added over a [...]

In January, 2012, people who are on Social Security will get their first raise since 2009 and will be around three point five percent. On Wednesday, the amount of the raise will be determined because that is when the annual cost-of-living adjustment will be released. Since 1970, Social Security benefits have increased each year an [...]

The feared cancellation of the forthcoming National Basketball Association is now taking shape. The NBA officials has decided to cancel the first two weeks of the next NBA season which supposedly would start on November 1. With the cancellation, the NBA season would tentatively start on November 14. No less than NBA commissioner David Stern [...]

If you have one or two million buck just lying around collecting a measly savings rate, you can own your own private get-away island that is either undeveloped or already comes with everything that you already need. If you decide on an undeveloped island it can take from two to five years to make it [...]

Political leaders in the United States need to work harder these days. This, after the latest economic figures has shown that only 55 percent of Americans in the 16 to 29 year old age range had jobs in 2010. According to the figure released by the Census Bureau only 55.3 percent of people between 16 [...]

In August, the third straight month, a majority of the states have seen a rise in unemployment rates which is an indication that the depressed job market is widespread across the United States. In twelve states the unemployment rates fell and in another twelve states the unemployment rate remained unchanged. Unfortunately in the other twenty [...]