Kevin Powell

Russia and US Battling on Many Fronts 

Russia and US Battling on Many Fronts 

With much of the world’s focus on the conflict in the Ukraine’s Crimea, the United States and Russia are facing off on many other fronts. The US is the only nation that holds veto power over major decisions at the IMF (International Monetary Fund). Russia is pushing for the IMF to move ahead without US […]

Is a Correction Finally at Hand

After snapping a four-week winning streak over Memorial Day, stocks retreated once again last week. Is the long awaited (and inevitable) market pullback finally at hand? The largest decline over the past 12 months was from September through November when the S&P 500 fell roughly 7 percent. Since then, markets have risen another 20 percent.  […]

Deficit projected to decline in 2013

Deficit projected to decline in 2013

In what has been a year desperate for real economic improvements, the CBO (Congressional Budget Office) announced that the projected federal deficit would drop to roughly $642 billion for 2013. The deficit was $1.086 trillion in 2012, marking the fourth straight year of trillion dollar deficits for the country. The CBO is the nonpartisan agency […]