brightbridge wealth management: Brightbridge Wealth Management Financial and Inves...

brightbridge wealth management: Brightbridge Wealth Management Financial and Inves...: The bloated computers you know and love aren’t dying, they’re just evolving into something a little sleeker. Here’s why your next computer ...

Brightbridge Wealth Management Financial and Investment Advice, Current headlines

The bloated computers you know and love aren’t dying, they’re just evolving into something a little sleeker. Here’s why your next computer may look more like the phone in your pocket.

The evolution of technology is sometimes cruel. A few years ago, we witnessed the birth of a new breed of small 10-inch Windows laptops called “netbooks.” These compact computers shunned processing power in favor of low price tags, portability, and better battery life, carrying older operating systems like Windows XP and running on Intel Atom processors. Sadly, their short time serving us may be ending. Tablets are taking their place. The touch tablet is evolving, and is already a viable netbook competitor. In the next few years, it will almost certainly take over the category entirely, becoming an accepted alternative to the Intel-based, Windows laptop or desktop you’ve known for the last decade and a half.

brightbridge wealth management: Brightbridge Wealth Management Headlines: U.S. May...

brightbridge wealth management: Brightbridge Wealth Management Headlines: U.S. May...: Thanks to an inflow of tax payments and maneuvering by the Treasury Department, the government can probably continue to pay all of its bill...

Brightbridge Wealth Management Headlines: U.S. May Have Way to Cover Bills After Deadline, for Week

Thanks to an inflow of tax payments and maneuvering by the Treasury Department, the government can probably continue to pay all of its bills for several days after Aug. 2, providing potentially critical breathing room for Congress to raise the debt ceiling, according to estimates by several Wall Street banks and a Washington research organization.
The consensus is that the government will not run short of money until Aug. 10, when it would be unable to cut millions of Social Security checks without borrowing more money.
President Obama has described Aug. 2 as a “hard deadline” for Congress to increase the maximum amount that the government is allowed to borrow.
“We have to do it by next Tuesday, Aug. 2, or else we won’t be able to pay all of our bills,” Mr. Obama told the nation in his speech on Monday night.
Jay Carney, the White House spokesman, restated that position on Tuesday.
“That’s not a guess. That’s not a political opinion,” Mr. Carney said. “It is the judgment of career analysts at the Treasury Department. We give up our borrowing authority without action by Congress. And the result of that risks default for the United States for the first time in our history.”
That description, however, conflates two distinct events.
The government will exhaust its ability to borrow more money on Aug. 2, which is equivalent to maxing out a credit card. But there still will be cash in the federal wallet.
Some Republicans have expressed skepticism about the Aug. 2 deadline, describing it as an artificial line drawn by the Obama administration for political reasons. Analysts emphasize, however, that the deadline is real; it’s just the date that is inexact.