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Greek, European debt crisis Published: Tue, May 15, 2012 Europe's debt crisis risks spiraling out of control. And in today's interconnected global economy, Greece's troubles, as well as those of Spain and Italy, could over time become a headache for all of Europe and by extension the rest of the world, including the U.S. Read More
Hiring slowdown sends the stock market reeling Published: Sat, May 5, 2012 Investors fear that U.S. economic recovery may be faltering. Read More
Chicken money earns little but sky is not falling Published: Mon, Feb 13, 2012 It's tough to be a saver these days. The entire government seems lined up against those who did the "right thing" and saved up for a rainy day or for their retirement. — Today Treasury bills yield 0.01 percent — that's one one-hundredth of one percent. — Money market funds have waived their fees, and they... Read More
2011 Was the year of Internet hogwash Published: Mon, Jan 9, 2012 The year 2011 will go down in my books as the year of Internet hogwash — at least as far as Social Security is concerned. It seems that I spent half my columns in 2011 dispelling all the myths, rumors, half-truths and outright lies about Social Security that are being spread on the World Wide Web. Actually, most... Read More
Even more Internet absurdities Published: Tue, Sep 13, 2011 I am about to give up, dear readers! No sooner did I finish a couple of recent columns that dealt with silly Internet rumors and lies about Social Security, when I opened my email and found three more! Q: I am forwarding something I found on the Internet. You'll see that it proves the Social Security Administration... Read More
Stay calm as debt deadline nears Published: Mon, Jul 25, 2011 The Treasury Department has warned it will run out of money to cover the country's bills if Congress does not raise the $14.3 trillion debt ceiling by Aug. 2. Now, once again, American exposes its legislative horse-trading process to the disdain of the civilized world. It's one thing for Greece or Spain or... Read More
We're paying price for easy home equity loans Published: Mon, Jun 27, 2011 Former football quarterback Dan Marino must have a heavy conscience these days. If you're a sports fan, you remember his legendary prowess on the field, leading the Miami Dolphins. If you're a homeowner, you may remember him better as the guy who pitched you on that "easy home-equity loan ... so you can remodel... Read More
S&P cuts long-term outlook for US debt to negative Updated: Mon, Apr 18, 2011 WASHINGTON (AP) — Standard & Poor's Ratings Service downgraded its outlook Monday on U.S. government debt, expressing unprecedented doubts over the ability of Washington to bring the massive federal budget deficits under control. The agency lowered the long-term outlook to "Negative" from "Stable," saying... Read More
Japan's Impact on the Economy Updated: Fri, Mar 18, 2011 Q: How will the devastation in Japan impact the global economy, the markets and my financial future? A. This is a question I've received many times in the past few days. While acknowledging that it's more than a bit cynical to even ask the question in the midst of all the horror and suffering in Japan, we must... Read More
Stocks tumble 376 points as euro drops, jobless claims rise Updated: Thu, May 20, 2010 NEW YORK (AP) — Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world and stop the growing recovery in the U.S. The Dow Jones industrial average fell 376 points, its biggest one-day point drop since... Read More
How to evaluate investment risks Published: Tue, Apr 13, 2010 Q: I'm fed up with low interest rates that the banks are offering. Someone suggested I buy municipal bonds and get a return of at least 5 percent -- tax free! Should I do that? A: I'm sure you remember the Savage Truth that risk and reward are opposite sides of the coin. Whenever you earn higher interest rates,... Read More
Importing Oil, Money Hurts U.S. Published: Sat, Nov 7, 2009 Q: What is your greatest concern for America's financial future? A: On a national basis, the two worries that rise to the top of my list (among many others) are the twin dangers of our growing dependence on imported oil and on imported money to fund government spending. Even worse, we import both from countries... Read More
The rich must get richer for economy to grow Updated: Sun, Jun 4, 2006 Dear Mr. Berko: When you were in Oklahoma City you said that our economy is a system where the rich have to become richer because they have to give money to the poor to make the economy continue to grow. And you ended by telling us that the national debt must continue to increase so the rich can pay the poor.... Read More
Piedmont voters approve school bonds Updated: Wed, Apr 5, 2006 Voters in the Piedmont School District approved a two-part bond issue Tuesday. Proposition 1, $5.95 million for a 10-classroom addition at the high school, carried with 73.2 percent approval, and Proposition 2, $500,000 for four new activity buses, got 71.6 percent approval. In other special elections in the metro... Read More
Lottery panel gets OK for funds Updated: Fri, Jul 1, 2005 The Oklahoma Lottery Commission could soon be about $10 million richer, and construction could start soon on a hospital for the state's sickest children. The Council of Bond Oversight on Thursday approved the commission's request to obtain a $10 million line of credit to pay startup and operating costs. The... Read More
Election results Updated: Wed, Apr 6, 2005 Election results Runoffs City voters fill council, school board seats Read More
Buying assistance offered Updated: Sat, Mar 24, 2001 Low- and moderate-income first-time home buyers living in Oklahoma County have access to new low-interest mortgage financing and assistance with down payments and closing costs. It comes as a result of a $42.4 million mortgage revenue bond issued by the Oklahoma County Home Finance Authority. Fannie Mae purchased... Read More
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