Econ Comments & Analysis
WSJ | Escape From Basel
While taxpayers wonder if Washington is going to throw them off a cliff of scheduled tax hikes, another potential economic calamity has been postponed. On Friday, bank regulators announced that they will not impose complicated new rules on New Year's Day. Let's hope they don't impose them on any other days.
Real Clear Markets | The Fed Dismisses the Needs of Savers
With a second Obama administration, many expect that the Federal Reserve will continue quantitative easing. This has lowered interest rates, reducing the return from savings. Seniors are particularly hard-hit, because 10 percent of their income comes from interest on savings.
