http://goodfincounsels.com Finance life Tue, 09 Mar 2010 10:21:04 +0000 http://backend.userland.com/rss092 en On the eve of President Barack Obama's winter health-care summit, Rep. Paul Ryan is dining at Talay Thai, a no-frills restaurant with metal chairs and Formica tables. On this frigid evening, Ryan strolled coatless to Talay -- "I'm from Wisconsin!" he says -- from his cramped Capitol Hill ... http://goodfincounsels.com/obamas-new-adversary/ After days of intense infighting, the Senate voted late Tuesday night to extend the deadline for the jobless to apply for extended unemployment benefits. Several hours later, President Obama signed the measure.More than 200,000 people were set to stop receiving checks this week after lawmakers let the Feb. ... http://goodfincounsels.com/senate-extends-jobless-benefits-deadline/ Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply. “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote Feb. ... http://goodfincounsels.com/buffett-says-us-housing-will-recover-by-2011-on-lower-supply/ Hummer, the off-road vehicle that symbolized consumers' obsession with power, finally hit an obstacle that it couldn't overcome. General Motors Co. plans to shut down the iconic brand after Hummer's sale to a Chinese heavy equipment maker collapsed Wednesday. Sichuan Tengzhong Heavy Industrial Machines Co. pulled out ... http://goodfincounsels.com/hummer-hits-end-of-the-road/ Lost amid government reports that China reduced its holdings of Treasuries by a record amount in December were data showing Japan increased its stake, a move that may signal U.S. yields are peaking. Purchases by Fukoku Mutual Life Insurance Co., Mizuho Asset Management Co. and Daiwa SB ... http://goodfincounsels.com/japan-hoarding-treasuries-counters-retreat-by-china/ Portland leaders want property owners citywide to kick in for the Portland-Milwaukie light-rail line construction. In identifying funding sources for the $1.4 billion line, Portland will apply $1.78 million collected from citywide transportation system development charges. The money had already been earmarked for the project, according to the city’s ... http://goodfincounsels.com/city-considers-light-rail-bridge-options/ The Leadership Louisville Center and Today’s Woman magazine will hold a series of breakfast forums, called 100 Wise Women, that are designed to grow Louisville’s network of women leaders. The first event will be held Wednesday, March 10. It will feature keynote speaker Madeline Abramson, wife of Louisville Metro ... http://goodfincounsels.com/leadership-louisville-to-hold-100-wise-women-events/ WASHINGTON — Federal Reserve Chairman Ben Bernanke on Wednesday unveiled his strategy to mop up the massive credit stimulus that the Fed has provided the U.S. economy during the last two years. But when this will happen remains in question. The Fed's aggressive provision of credit helped to ... http://goodfincounsels.com/bernanke-sets-outline-for-culling-excess-funds-to-prevent-inflation/ Gas prices continued to decline last week, as the price of crude oil prices dropped to a seven-week low. The national average price of a gallon of regular unleaded gasoline is $2.65 a gallon, down from $2.67 a week ago and $2.72 last month. In Florida, the average price ... http://goodfincounsels.com/s-fla-gas-prices-slip/ Ameriprise Financial Inc. swung to a fourth-quarter profit of $237 million, or 90 cents a share. The financial services provider lost $369 million, or $1.69 cents a share, a year ago. Revenue rose 70% to $2.3 billion. Ameristar Casinos posted a smaller fourth-quarter loss. It lost $63.3 million, ... http://goodfincounsels.com/wednesdays-earnings-report/