congress shutdown 2013
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?
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.To continue reading click here...
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 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.Read more...
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.To continue reading, please click here...
Stock Market News Today: Reactions to Government Shutdown
Biggest stock market news today, before the opening bell: The government shutdown that kicked in yesterday after lawmakers could not agree on a federal budget last night has done little in the way of dampening the stock market. With politicians at odds now, investors are anticipating a faster resolution to another issue -- the debt ceiling issues that will come to the foreground in about two weeks.
While some 800,000 government employees are now furloughed with another million asked to work without pay, investors seem to believe this closure will be short-lived. The shutdown is the first in the U.S. in since 1995.To continue reading, please click here...
What's Closed in a Government Shutdown
Today has surprised some people who went about their daily business without knowing what's closed in a government shutdown.
Another surprise: Markets didn't plummet. There are a few reasons for that:
- The government isn't entirely closed.
- A closing isn't as uncommon as it is being made out to be. Government shutdowns have occurred 18 times since 1976.
- Negotiations are still being talked about behind the scenes.
- Markets are really more concerned about the debt ceiling deadline (which is now Oct. 17).
And assuming a deal is reached sometime within the next few weeks, the impact on fourth-quarter economic growth from this U.S. government shutdown is expected to be relatively minimal. Any loss is expected to be easily made up in Q1 of 2014.To continue reading, please click here...