Is There Morality in Personal Finance?

Hundred Dollar Bills Cash Money Currency

We have to ask ourselves, is this hurting anyone? Does it hurt the system when you choose not to pay off your credit cards or take on a loan you can’t afford? I think these are moral questions worth asking. The virtue in how we spend A while back, I wrote a story about poverty and learning financial independence.

Baucus Says Finance Panel to Consider Tax Code This Year

Democrats insist on more revenue to help reduce future budget deficits. Republicans reject that idea and say the deficit should be reduced only through spending cuts. Consensus Needed Rob Leonard, a tax lobbyist at Akin Gump Strauss Hauer & Feld LLP in Washington, said Baucus must lay out a complete proposal that best reflects his sense of where he can find consensus on the Finance Committee, which has 13 Democrats and 11 Republicans. A chairman usually does not — and in this case wont — go into a room with a lot of surprises, said Leonard, a former House Democratic staff member whose clients include United Technologies Corp.

EU finance arm curbs loans to coal-fired power plants

Total revenues for these companies are up +3.8%, with 45.4% beating revenue expectations and a median surprise of +0.4%. Not to make light of Finances strength, but a big part of the bank earnings growth is due to loan loss reserve releases and not from loan growth. Reserve releases are a net positive as they reflect improving credit quality, but they dont constitute the sectors core earnings power. That said, the earnings growth picture outside of Finance is very weak.

Weak Earnings Growth Outside Finance

“The vote to introduce an emissions performance standard represents a step-change in the EU’s fight against climate change and puts the bankers ahead of politicians in terms of tangible action,” said Ingrid Holmes, of environmental think tank E3G in a statement. She added: “With several directors pushing for 450 gCO2/kWh at the meeting, I’d expect to see it tightened further over the next 12 months as the politics of the EU’s broader approach to 2030 (carbon emissions) targets is settled.” An emissions cap of 450 g/KWh would mean that older, inefficient gas plants would also be ineligible for funding. The cap would have to be 150 g/KWh to force all gas plants to deploy largely unproven carbon capture and storage technology. “The move by the EIB is very welcome, but more needs to be done.


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