Toyota Recalls 4 Million Vehicles And Post A Surprise Profit

November 26, 2009

On Tuesday Toyota announced the recall of 110,000 pick up trucks, and on wednesday they announed the recall 4 million vehicles and replace the current gas pedals with smart gas pedals.
Toyota was still able to post a surprise profit for Q3 2009.

Embedded video from CNNMoney.com Video

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Happy Thanksgiving Everybody!

November 26, 2009

I hope you all enjoy your Thanksgiving. Here is a video from history.com about the Thanksgiving.

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New Home Sales Go Up In October

November 25, 2009

CNNMoney.com reported today that new construction homes sales went up in October. This is good indication for the economy.

The Commerce Department said new home sales rose 6.2% last month, to a seasonally adjusted annual rate of 430,000, from an upwardly revised rate of 405,000 in September. It was the sixth time new home sales had [...]

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Democrats Are Pushing For $150 Billion Stock Tax On Wall Street

November 24, 2009

TheHill.com is reporting today that there is a house bill that is being drafted now that would propose a trading tax on Wall Street, which will raise $150 Billion dollars a year. The money will go towards a fund to create new jobs.
Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed [...]

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Gov. David Paterson Is Proposing Budget Cuts

November 24, 2009

Well if raising taxes did not help New York States budget, then maybe cutting the budget will. Gov. Paterson is proposing $1.3 billion in budget cuts.
The governor’s plan contains $470 million in cuts to health care programs and $686 million in education trims as part of his proposed $1.3 billion in cuts to local assistance [...]

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Gold Prices Go Up As The Dollar Slides

November 24, 2009

Gold futures hit a new all time high today as reported by bloomberg.com.
Gold futures touched an all-time high of $1,174 an ounce in New York, after the dollar fell as much as 0.9 percent against the euro. Gold has posted records during nine sessions this month, and is up 32 percent this year as investors [...]

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Almost 20% of Americans are Underemployed

November 23, 2009

Nearly 1 in 5 Americans are either unemployed or under-employed.
According to the government’s broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.
The number dwarfs the statistic most people pay attention to—the U-3 [...]

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Support For Health Care Reform Falls After The Senate Vote

November 23, 2009

Rasmussen reports that now only 38% of the voters support health care reform and 56% oppose the new bill. The support for the bill fell after the senate vote on Saturday night. Partially because the health care reform bill meant more taxes.

The latest Rasmussen Reports national telephone survey finds that 56% now oppose the plan.
Half the survey [...]

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The Senate Health Care Reform Bill = More Taxes

November 22, 2009

The senate health care reform bill that just passed on Saturday means more taxes.
NEW YORK (CNNMoney.com) — The health care bill that passed a crucial test vote in the Senate on Saturday is proof that getting reform passed and getting it right are two very different things.
Both are hard. But the pursuit of votes has [...]

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I am not the only Barry Hertz

November 15, 2009

It turns out that I am not the only Barry Hertz. There are actually quite a few, I was very surprised to come across the following different “Barry Hertz’s” of the world.
There is a singer by the name of Barry Hertz, he has an album titled a cowboy’s prayer, the music sounds like country music, [...]

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