Page 17 - Wealth Effect News Today

Foreclosed on not necessarily the right people, didnt do the paperwork right, and now they have to pay $20 billion to people. >> part of that money, 20 billion, will go towards keeping people in the homes they can no longer afford. theyre trying to keep them in. thats the present action already. thats what weve seen. is that enough? probably not. $20 billion isnt very much money. not that many people get helped and theres a ton of foreclosures coming. >> but also weve got the procedures clarifie...

its the conservative political action conference in washington, d.c. ive got you there live right now. this is the vamp up, folks, to the big delegate leader, mitt romney. if you want to be the republican nominee for president, youd better have your game face on when you come to cpac. and you better have cpac on your side, some say. there is a caveat to that. ill get to that in a moment. any second now, as i said, were expecting mitt romney, whos going to make his case from that podium...

need folks to leave. ive been in there when planes have entered airspace and they told us to leave the capitol. during this instance, there was no such warning, there was no such direction from capitol police. it happened so quickly that the evacuation orders were given simply by word-of-mouth. by whatever office you were closest to. that was my experience just outside the senate chamber right above it. >> lisa with the latest from the capitol. wolf blitzer standing by for us in washin...

in american history is almost treason in my opinion. because he never served. perry told a military gathering, quote, i want to make sure that every young man and woman who puts on the uniform of the united states respects highly the president of the united states. in fact, perry even seems to question obamas patriotism. listen to this. >> you need to ask him. [ inaudible question ] >> im saying a good reporter. go ask hm. >> cnns shannon travis is in iowa. governor perry had a gem f...

Swim away now. how do you think the economy is doing? its a question we put to more than 1,000 americans and the answer, were all feeling a bit more confident these days. we go to the trading floor of the new york stock exchange with more details. hi, alison. >> reporter: in the survey it shows that 24% of americans actually feel the economy is in good shape. i know the number isnt terrific but the fact is its up from 18% in november. also, the number of people who have a negative outlook on t...

What comes to mind? >> i certainly dont think you can rule it out here. i think its possible that we can avoid a double-dip recession because several parts of the economy are growing and the cost of capital with 0% interest rate for businesses is really low, but we are headed that way and confidence is a big part of this. whether its employers or consumers, if we cant get confidence going, and if the market continues to be real soft, theres that wealth effect. i think it is a very realistic poss...

Were merely seeing kind of a stabilization at a low level of activity. progress but not a solution. >> what about dow breaking through 11,000? its been on an upward trend. is that a false front or evidence of real stability and growth? >> i think its driven by something real. what stock market investors are saying is, you know, were not worried about a double dip in the recession anymore. we feel like this recovery has some legs so were confident enough to buy stocks so that has good, positive b...

People dont know that in germany but apparently three hundred thousand people may have had their information compromised in one way or the other through those sixty five is that were going from that assuming that by thousand people you know more may have affected from each one person so one thing leads quickly to the other exactly ok what can facebook users do now about this whole issue well on april ninth which is coming monday facebook is going to publish a link and that will allow users to kn...

People own stock, you have to look at how much stock they own. most people own very little. so 80% of the value of the stock market is held by the richest 10% of families. and 40% of the value of the stock market is held by the top 1%. so when the stock market goes up a lot, the folks who benefit from that wealth effect tend to be among those who are most wealthy. now, heres the thing in where i think the stock markets uptick recently has been most relevant. one of the reasons, i kind of agree w...

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