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February 6, 2015 9:06 PM S&P 500 in the red, again, for 2015

Thursday, a powerful rally pushed all three major U.S. stocks indexes to gain for 2015. Stocks lost steam Friday despite Labor Department data showing an improving job market as the S&P 500 moved back into the red for 2015. With stocks sluggish in earlier trading, investors appeared to be weighing that ostensible good news with the nearing prospect of Fed rate hikes 8

February 6, 2015 8:58 PM Wall Street firms waver over June 2015 rate hike: Reuters poll

NEW YORK (Reuters) - Economists at Wall Street's biggest banks are less convinced than a month ago that Federal Reserve rate hikes will begin as soon as June, even as recent U.S. job growth is at its strongest in 18 years, a Reuters poll found on Friday. Ten of 19 primary dealers, or the banks that deal directly with the Fed, said they expect the Fed to raise 9

February 6, 2015 6:46 PM For police body cameras, big costs loom in storing footage

The rush to outfit police officers with body cameras after last summer's unrest in Ferguson, Missouri, threatens to saddle local governments with steep costs for managing the volumes of footage they must keep for months or even years, according to contracts, invoices and company data reviewed by The Associated Press. The storage expenses — running into the millions 17

February 6, 2015 4:18 PM Obama’s budget targets your retirement accounts « Watchdog.org

You should be concerned about President Obama’s plans to raise taxes, even if you aren’t one of his main targets for tax hikes. Your retirement could be at stake. Earlier this week the president finally revealed his budget proposal. He wants to increase spending, increase the deficit, and increase taxes, all while promising to simplify the tax code. “Simplify 13

February 6, 2015 3:39 PM January jobs report good news

Hard to find any bad news in the January employment report, unless you're worried that the Federal Reserve will raise interest rates. The Bureau of Labor Statistics reported that the U.S. gained 257,000 jobs in January, and revised November and December's gains upward by 147,000. The unemployment rate ticked up to 5.7% as more people entered the workforce 12

February 6, 2015 3:34 PM Good jobs report is good news for stocks

The good news on the U.S. job market to start the year looks like pretty good news for U.S. stocks, too. If there’s a negative for stocks, it’s that the strong January jobs report likely puts a June interest rate hike from the Federal Reserve back on the table. The government reported today that the economy created 257,000 new jobs in January, topping 14

February 6, 2015 2:19 PM Lessons for Democrats From the National Football League

With the Super Bowl over, President Barack Obama this week unveiled a federal budget proposing tax hikes on the wealthy and policies that would aid the less fortunate. Many Republicans immediately condemned the proposals as unfair and socialistic. Representative Paul Ryan called Obama's ideas "envy economics" and said it was wrong to impose new taxes 12

February 6, 2015 2:19 PM Lessons for Democrats from the National Football League

With the Super Bowl over, President Barack Obama this week unveiled a federal budget proposing tax hikes on the wealthy and policies that would aid the less fortunate. Many Republicans immediately condemned the proposals as unfair and socialistic. Representative Paul Ryan called Obama's ideas "envy economics" and said it was wrong to impose new taxes 13

February 6, 2015 12:48 PM In Rebuke of Tennessee Governor, Koch Group Shows its Power

NASHVILLE-In December, Tennessee Gov. Bill Haslam, a Republican, got the deal he wanted from the Obama administration: Tennessee would accept more than $1 billion in federal funding to expand Medicaid, as allowed for in the Affordable Care Act, but Obama aides would allow Haslam to essentially write staunchly conservative ideas into the program's rules 12

February 6, 2015 2:42 AM Chicago sees fiscal doomsday if court suspends pension changes

CHICAGO (Reuters) - A temporary suspension of cost-saving changes to two of Chicago public pensions funds risks credit rating downgrades that could cost millions of dollars, the city's chief financial officer said on Thursday. Chief Financial Officer Lois Scott testified in Cook County Circuit Court that all three major credit ratings agencies have negative 11