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Tag Archives: United States

Congress reaches a $1.1 Trillion Plan

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The United States Congress was unable to establish legislation that would delegate funds for the 2014 fiscal year, which resulted in regular government operations grinding to a halt and bringing the United States government to an effective shutdown from October 1 through to October 16. The shutdown was known to have caused grave uncertainty for […]

The Impact of the Fiscal Cliff

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The White House and Congress leaders have reached an agreement which could prevent the worse effects of the “fiscal cliff”, with the present tax rates continuing for those with earnings less than $400,000, the automatic spending cuts being postponed for two months as federal spendings are accommodated through an increase in revenues and spending cuts and capital gains and dividend tax rates increase to 20 per […]

Capitalism in Modern America

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Capitalism is an economic system where people can practice private ownership with the aid of production, distribution and exchange. Capitalists are known to have a greater freedom in operating or managing their property to profiteer from competitive conditions. Karl Marx popularised the term during the 19th century outlining that the arrangement tends to create wealthy individuals […]

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