NorCalSavant

The economy is still floundering and there are no signs of it bottoming out even in the near future.  The economic engine continues to be sluggish for many reasons.   One reason has been the lack of easy credit, the grease that lets the moving parts move when stopped, and move better and faster when tripping.  [...]

I have been using tax preparation software packages for over a decade now to prepare and file my taxes. The benefits included ease in preparing the return, eliminating calculation errors, having any change cascade automatically through the entire return, error-free filing with the electronic filing option, and faster refunds. I think I used Tax Cut [...]

By a vote of 52 to 42, the Senate agreed to give the Obama administration Tranche 2 of the Troubled Assets Relief Program (TARP) worth $350 billion. The vote was rather close and crucial. There was widespread popular opposition to giving Treasury any more money after it was widely perceived to have bungled the first [...]

Following a request by President-elect Obama, President Bush asked Congress last week to release the second tranche of the Troubled Assets Relief Program (TARP). Obama wanted to have the money handy in case of an emergency or further weakening of the financial system and the economy as he assumes office on the 20th. Fed Chairman [...]

The housing industry is going through a crisis. A huge number of individuals holding mortgages are finding themselves unable to pay their upwardly adjusting mortgage payments as I discussed in my earlier post on the credit squeeze, foreclosures and recession. The housing construction has gone into a meltdown with new housing starts at their historic [...]

Since I wrote last about the Penn West Energy Trust (PWE) almost 2 months ago here and here, the price of oil has gone down even further.  After dipping to a low of about $33 per barrel, it is now at about $40 per barrel.  Canroys’ stock prices have taken more beating, and PWE is [...]