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Wealth


Request for taxpayers to fund Blagojevich defense

As the hearings regarding the impeachment of Illinois governor Rod Blagojevich continue, the state attorney general has denied a request that state taxpayers fund his defense.

Does the government operate Ponzi schemes?

Ponzi schemes – in which existing investors are paid with new investors’ money – have been in the news a lot lately, with the revelation of Bernard Madoff’s fraudulent investment fund sending ripples across the world.

Property value losses set to total $2 trillion

By the end of this year, American homeowners could be facing a collective loss of $2 trillion on their properties’ value, new figures reveal.

Does today’s stock market offer short-term opportunities?

Although the massive swings of the stock market are not for everyone, some experts have suggested that short-term gains can be made if investors follow a savvy strategy – particularly as so many stocks are selling at record-low prices.

The benefits of a low-risk investment mix

Although conventional wisdom advises that retirement planners invest 80 percent of their money in stocks and 20 percent in bonds, recent economic events have made some question the wisdom of this plan.

Financial crisis worries retirees

The financial events of the past year or so have not made it easy for many people to sleep easily, but retirees may be among the worst-hit groups.

Will taxpayers be forced to give more money to AIG?

The $85 billion bailout of AIG in September may have frustrated many taxpayers, but the government insisted that the move was necessary to prevent further economic turmoil.

Ron Paul criticizes bailouts, Patriot Act

The U.S. government is headed in "the wrong direction" by giving bailout money to various groups who have asked for it, according to Representative Ron Paul.

IRS will be closely monitoring tax returns

When you are filling out your 2008 taxes, you may want to take extra care to make sure everything is accurate – because the IRS has said it will be scrutinizing returns even more carefully than in years past.

Would lowering taxes boost the economy?

The U.S. government is currently pulling out all the stops in order to give the economy a much-needed boost in the midst of the recession – yet some experts say there are few signs the measures are working.

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