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Top News

General Motors (NYSE: GM) Bailout Leaves Taxpayers with $10.5 Billion Loss

Monday, the U.S. Treasury Department sold off its remaining shares in General Motors (NYSE: GM), closing a chapter of the auto industry bailout with a cringe-worthy $10.5 billion loss of taxpayer dollars.

The federal government spent $49.5 billion to save the doomed auto-making giant in 2008. It took on about 912 million GM shares (a 60% stake) in exchange for cash.

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Washington

The Full Cost of the Government Shutdown

Financial ratings agency Standard & Poor's reported this week the 16-day U.S. government shutdown costs delivered a massive $24 billion hit to the U.S. economy.

Standard & Poor's said the shutdown equaled some $1.5 billion a day and "shaved at least 0.6% off annualized fourth quarter 2013 GDP growth." Moody's Analytics reported similar numbers, saying the shutdown cost $1.4375 billion per day, for a $23 billion wallop to U.S. gross domestic product.

and why it should make you hopping mad...

Washington

Four Things the Debt Ceiling Deal Doesn't Fix

While everyone in Washington right now is patting themselves on the back in the wake of Wednesday's debt ceiling deal, the reality is that it does little to address the nation's deepest budget issues.

True, the Band-Aid agreement will fund the U.S. government through Jan. 15 and lift the debt limit through Feb. 7.

Here are the four biggest issues that Congress ducked out on...

Top News

The Most Important Numbers to Know Today 

200 Democrats and 19 Republicans support passing a continuing resolution with no strings attached to re-open government, according to a CNN poll of Congress. With three vacancies among 435 Congressmen, 217 votes is the minimum required to pass the measure. Senate claims it's close to a deal, but the question is how House Republicans will react – as the shutdown continues into its fifteenth day.

700% surges were seen in TWTR earlier this month. The zombie stock represents shares of home audio store Tweeter Home Entertainment Group, now traded on the pink sheets, but a one-time strip mall staple of the suburban bass head set. Tweeter went bankrupt in 2007, and shut its doors nationwide through 2008.  But, some overeager investors mistook TWTR to be the hotly-anticipated shares of Twitter, Inc. The stock, which had been trading around one-hundredth of a penny, shot up to nearly $0.05, amid the heaviest volume in seven years. FINRA has since changed the ticker symbol to THEGQ, and shares have settled back down in sub-penny territory. There's no need to worry about picking up shares of Southern gourmet supermarket Harris Teeter, either. Those shares were subsumed by Kroger earlier this summer. As for what to do about Twitter stock – take a look…

all in one place?

Government shutdown

The Government Shutdown's Long-Term Effects

The political temper tantrum known as the government shutdown is now a week old, the rhetoric is heating up, and there's no sign that the peace pipe will be smoked anytime soon.

While the politicians at the top of this heap continue to be rewarded with their government paychecks, more than 2.1 million government workers do not. Some 800,000 Uncle Sam employees were initially furloughed (although 350,000 from the Defense Department were just called back), and another 1.3 million will most likely see their paychecks delayed.

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Government shutdown

10 Shocking Ways the Government Shutdown Puts us in Danger

It's Day 4 of the government shutdown – which means Day 4 of your life being more dangerous than it was in September…

You see, besides the effects of 800,000 workers being furloughed, the government shutdown affects the general public in ways most of us don't realize.

Some are downright scary.

Here are 10 you should know now:

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Top News

10 Numbers You Need to Know Today as Shutdown 2013 Continues

810,000 federal workers, give or take a few, were furloughed this week as Shutdown 2013 began. Those employees had to report to work to "prepare" for a shutdown, in many cases simply reporting, signing a form acknowledging the furlough, and leaving again. The "average" American lives 16 miles from wherever they work, driving 32 miles round trip in a car that averages 24.6 miles per gallon. This trip uses 1.3 gallons of gas, at an average price of $3.39 per gallon, which comes out to $4.41 per trip. Going on national averages for fuel economy, commuting distance, and gasoline, these 810,000 furloughed federal employees collectively shelled out at least $3,572,100 on gas for a short, short workday.

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Government shutdown

10 Shocking Ways the Government Shutdown Puts Us in Danger

It's Day 4 of the government shutdown – which means Day 4 of your life being more dangerous than it was in September…

You see, besides the effects of 800,000 workers being furloughed, the government shutdown affects the general public in ways most of us don't realize.

Some are downright scary.

Here are 10 you should know now:

To continue reading click here...

Government shutdown

Government Shutdown Effects: Here's What Investors Are Missing

Welcome to the decade of the politicization of everything. With the government shutdown in its first week, it is starting to look more and more like this temper tantrum from both sides could lead up to the debt ceiling deadline.

Government shutdown effects include as many as 800,000 workers (38% of the federal workforce) being furloughed. However, if there ever was a time to put on display the bloat and uselessness of many parts of the federal government, now it is fully on display. Just this week, the Internal Revenue Service (IRS) furloughed 9 of every 10 workers, deeming them non-essential employees.

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Washington

What The Government Shutdown Is Doing to the Markets

Yesterday, CNBC hosted Money Morning Chief Investment Strategist Keith Fitz-Gerald to talk about what the government shutdown is doing to the markets.

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