BLUE BELL, Pa. — Sen. John McCain today proposed $52 billion worth of tax breaks aimed at reducing the impact of stock market losses on the nation’s seniors, providing relief to the unemployed and encouraging savings. Under his plan, unveiled as he campaigned in a suburb of Philadelphia, seniors would pay lower taxes when they tap their retirement accounts and people who sell falling stocks...

I cam across a fantastic guide on how manage your debt, credit and make decisions to accomplish important financial goals. The guide goes through 6 key subject topics, such as: Managing Debt and Credit, installment debt, revolving line of credit, intelligent use of your credit, how to get rid of credit card debt and what is the role of your debt Read the full banking-101 guide. I am sure it would...

Markets worldwide are reacting positively to a plan proposed to buy stocks in banks troubled by the financial crisis. It would be interesting to see the long term effects of this government involvement in the private sector… read on from AP: Wall Street fluctuated but largely extended its big advance Tuesday as investors reacted enthusiastically to the U.S. government’s plans to spend $250...

Europe puts $2.3 trillion, far more than US, on the line for banks and stocks soar PARIS (AP) — Europe put $2.3 trillion on the line Monday to protect the continent’s banks, a figure that dwarfs the Bush administration’s $700 billion rescue program, in its most unified response yet to the global financial crisis after a stumbling start.

Bush administration plans to spend $250B of $700B bailout plan buying stock in private banks WASHINGTON (AP) — The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night. President...

Even with the approval of the $700B bailout package for the US markets, the financial system is still not out of the woods. This package will shape every decision that future president makes with US economy as a whole and how it would change the way we manage our money and what we do with it. CNN Money’s Pat Regnier explains… What You’re Really Voting For It’s not what the candidates...